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Home » Career Mentor » Accountant
Career Mentor Details of "Accountant"

Name of The Profession

Accountant

Who is a Accountant and what does he/she do?

An accountant is a person who practices accounts, analysis financial statements on finance and banking, performs analysis on financial data. They assist financial managers, tax authorities, and insurance companies for credit allocation decisions.

Accountant's role involves studying the data from various institutions pertaining to profit and loss statements, cash flow statements, etc. Sometimes they are hired by brokerage firms to provide advice to investors by analyzing the market data, current trends in the stock market industry. They often use spreadsheets and other statistical software like tally, etc and develop forecasts, ratios, etc. They also work as consultants to various firms such as auditing and forecast of organization's revenues, etc.

Qualifications Required

A master's or a PhD degree in subjects such as finance, accounting, taxation, etc. Some firms prefer degrees such as CMA, CCA, CGA or CA or even Chartered financial association.

Where can I go and study to become a Accountant?

       India

  • Institute for Financial Management and Research (IFMR), Chennai.
  • IFIM(The Institute of Finance and International Management) Business School, Bangalore.
  • ICFAI University AICTE (Institutes of Chartered Financial Analysis of India), Hyderabad, Pune, Bangalore.

       UK

  • London School of Business & Finance
  • London Business School   
       USA
  • MIT Sloan School of Management
  • American Academy of Financial Management
  • The Financial Management of Research. Centers and Institutes

Where can I work as a Accountant?

  • Private and public sector companies
  • Brokerage firms
  • Independent Financial consulting
  • Stock Broker
  • Financial institutions
  • Financial Research organisations

Potential earning capacity per annum:

The salary package of an Accountant could be somewhere around rs symbol 1.25 Lac p.a. (Approx) in starting and can increase upto rs symbol 10 Lac p.a. (Approx).
 
 
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