Following are the accounting career lows:
Lesser payment:
As compared to investment banking and consulting, an accountant gets less salary. Though accounting careers come up with a manageable life, it has less income. An accounting career has around 20 percent less starting salary as compared to investment banking and consulting. Also, investment banking and consulting employees get incentives.
Private accountants perform on the outlay side, and thus get low payment. Generally, accountants who work in-house do not generate revenue for the firm. In order to get high salary in the corporate world, one has to generate revenue. Since, an accountant's job does not generate revenue for the firm, they have less salary.
Multiple bosses and dissimilar priorities:
Accountants, particularly public accountants are usually assigned more than one project at a time. They work on multiple jobs with different priorities and under different bosses.
Comparatively traditional and conformist work environment:
Accountants are normally responsible for observing if the reported numbers match to one set of rules or another. This importance on rules converts generally into a risk prone atmosphere and culture which highlights conformity.
Force to stay chargeable:
Staying chargeable means checking the high percentage of your hours to the work performed, for paying clients. As an accountant, you have to deal with this sensitive yet subtler part. Like attorneys, public accountants are also accountable for every single hour they work and for each allocated project.
Accountants usually do back office work and thus are not involved in decision making. Most financial firms are operated by front office executives who decide and implement transactions to improve income. However, accountants are generally hired, and are responsible for calculating figures and recording financial information.