career opportunities that exist at the moment
There are a lot of career opportunities that exist at the moment. As such, choosing the best career path is solemnly hard and a mind-blowing activity. For this purpose, I want business administration as a discipline that I can major my career on. Specifically, I will engage in a rigorous form of research to ascertain which job opportunity is convenient. My consideration, in this case, is about career opportunities such as accounting, finance, and economics. Over the years, these sectors have presented a wide range of job opportunities, which gives morale to those majoring on this (“Accounting and Finance Careers Advice | Milkround”, 2019). One might argue that accounting, finance, and economics are the same thing. To some point, I tend to agree with them since they all deal with the flow of money, but on the other hand, they prove to be distinct from each other. Upon my research, various distinctive characteristics are noted on the same constructs. For instance, my analysis indicates that finance, on the one hand, maybe strictly related but majors on soliciting for the future of the organization in consideration of the investment plan. Accounting, on the other hand, bases its activities on record keeping and analysis of the same records, before decision making (“Accounting Basics | Explanation | AccountingCoach,” 2020). The global construct has thereby made economics to be a bit peculiar from these two. It deals with investigating how money and valuables flow within a society. My choice of a career path is majorly based on the following assumptions.
Since accounting deals with a highly structured and organized system of storing data, records of financial statistics help organizations make decisions on the same. In simple terms, accounting is a valuable sector within a company as it lays down how the company spends its finances (TUOVILA, 2020). Through tabulation and record-keeping, accuracy and precision are enabled. It is to the extent that any decision that a company comes up with is based on an analyzed premise. As a career choice, it is evident that any organization requires this department if they are interested in profit-making. My analysis shows that varied job-related opportunities are arising from this career path. Some of these include – auditor, certified public accountant, controller of budget, forensic accountant, fraud investigator, internal revenue service agent, and tax specialist.
Finance, on the other hand, is concerned with the continuous activity within the company. In essence, it looks at different financial prospects being handled in real-time by the company and making a record of the same proceeding. Unlike financing, this involves a detailed analysis of the present and future of the company about the company’s goals and objectives. Interestingly, accounting statements generated within the company may sprout a controversial debate of whether the company is operating on a loss. In this cas, finance is different in the sense that it majors in coming up with solutions that mitigate or control an existing problem. Some of the possible job opportunities that I managed to find were appraisers, banking or lending officers, financial analysis, financial planners, and many more (“Careers in Economics, Finance, and Accounting – Fort Hays State University,” 2020).
In contrast, economics is solely focused on how resources flow and are distributed across any societal spectrum. In this case, economists would instead produce well-researched papers on various economic issues. It is different from how finance and accounts would give recommendations on various issues facing the company. Upon more in-depth analysis, it became clear to me that different accounting tools are fundamental in building a varied structure in economics. Also, there is a diverse range of job opportunities within this career choice such as – export sales representatives, global; sourcing specialists, international loan officers, international marketing and sales practitioners as well as research analysts, to mention a few (“Careers in Accounting | Accountant Career | Accounting Jobs,” 2020).
That being said, I have learned that there are many benefits of pursuing business administration as a discipline. It is because there are a lot of opportunities in terms of career and job-related. As mentioned above, I assume a high sense of uniqueness in accounting, finance, and economics. As a discipline, what fascinates me the more is financial analysts as a job opportunity within the economic spectrum. In contrast, there is a lot of consideration for this job. In specific, handling specific financial information gives one a sense of belonging to the company (“What Is a Financial Analyst? | Career Advice & Interview Tips | WayUp Guide”, 2020). Also, there is a fine line of opportunities correlating to this construct.
Nevertheless, the money is good, I mean, who does not want the money. My choice of this job structure is guided by the notion that the industry has a vibrant and stable growth rate. It is attributed to there being a new rise in business and financial products being developed daily.
All this information has formed a baseline through which my decision on career has been influenced. The financial analyst gives one room for improvement of their skills is remarkable. It means that every day is a new challenge with minimal monotony of work. In wrapping up, finance is a demanding field, as seen from the assumptions above., nevertheless, I believe that this line of career is open for improvement and growth even shortly. As a result, majoring in financial analysis is seemingly the right choice of career.