Study Accounting

It is a field that promises amazing professional development opportunities for international students. If you study accounting abroad, you can learn about the best practices for finance in a continually growing and globalised world.

Accounting is a Globally Diverse Field

If you enrol in an accounting course abroad, you will join a culturally diverse cohort of students. Thousands of people who study subjects related to finance abroad are foreign nationals, so you will have great and relatable company anywhere you go. A culturally diverse international student cohort will allow you to learn a lot about different cultures from all over the world and make new friends. It is an amazing opportunity to network with many students who could offer you pathways to international opportunities down the road.

Work at Any Place Overseas

Almost every organisation requires accountants to deal with their finances, allowing you to work in virtually any industry. This is among the best benefits of studying accounting and finance abroad. Besides that, accounting will provide you with much potential to go higher up in your career ladder. Baby boomers hold several executive roles in accounting now, which means these positions are going to be vacant once they retire. Therefore, this would make space for you to quickly work your way up at your international organisation, if you have an accounting role there.

Gain International Work Experience

Many accounting programs abroad offer work placements, and it pays to gain some experience. Several universities abroad have connections with organisations in their regions, providing their students with opportunities to gain experience at some of these locations. For example, London is regarded as the financial hub of the world as it has many of the world’s best employers, including KPMG and PwC. But never overlook other places, as they have unique opportunities and features as well.

Accounting Skills Are Transferable

You may need to have some expertise at the start of your degree in accounting, such as competency in English and mathematics. That said, studying accounting abroad will aid you in developing many other skills. You will gain hard skills, like working with specialised computer programs and report writing, and soft skills such as resilience, teamwork, and communication.

Some of these skills are transferable, meaning you can apply them across various industries and roles. Therefore, these skills will be useful right through your professional life as well. Whether you hold an executive position, run a business, or work with a multinational corporation, these skills will always be useful to you. Continue reading for more benefits of studying accounting in a foreign country.

Job Stability

Many jobs may come and go, and businesses may start and fade away, but there is invariably a requirement for accountants to manage periods of negative and positive events. In fact, accounting is regarded as a recession-proof field. In Australia, for instance, there will be over 84,000 employment opportunities in finance-related sectors in the foreseeable future. This means that there will also be plenty of employment opportunities for international students in Australia. The situation is not too different in other countries, which bodes well for you as an international student looking to study accounting abroad.

Opportunity To Be A Chartered Accountant

A CA designation will allow you to practise accounting on a global scale. This credential will serve as evidence of your years of training in accounting and your ability to pass many rigorous examinations in finance-related subjects.

While you need not be chartered to work as an accountant anywhere, it will only improve your job prospects and salary scale. Graduating with an accounting degree may not automatically offer you chartered status, but several accounting study-abroad programs will exempt you from taking certain exams. After you graduate, a few of the examinations you undergo will count towards your qualification for chartered status. Consequently, your path to obtaining chartered status will be simpler.

Besides having a strong interest in economics and law, you also need to show the ability to do mathematics and business to study accounting abroad. A foreign accounting course will expect you to learn all the legal criteria about monetary policy and taxation, apart from gaining expertise in different forms of financial transactions.

Several universities offer study-abroad programs in accounting at both the undergraduate and postgraduate level. The course structure hinges on the kind of program you decide to enrol in. An undergraduate course usually lasts for three years. At many different phases of the course, you may have to participate in work placement programs.

Fluency in English is advisable for everyone who aspires to study accounting courses abroad. If you are from an English-speaking country and have completed your secondary education at an English-medium school, you may not have to go through a standard English proficiency test (in the nation where you seek admission to an accounting course). TOEFL, IELTS, Pearson PTE, and Cambridge English Language Assessment are the best-known English proficiency tests.

Every institution may have its own set marks for course eligibility that you must satisfy, as opposed to academic qualifications and English proficiency. As an international student undertaking an accounting course at a university or college, you must attend classes regularly as well as submit assessments like written projects and examinations. You may also need to work in the capacity of an intern at organisations for professional experience and exposure in the subjects you study.