Get In Touch With Us
Updated Accountant Career Pathway in Australia: Course, Interview, Jobs, Salary
With the continuous change in the financial landscape, the job of accountants is always in demand. Furthermore, a career in this field also gives job security and high pay packages.
This blog will guide you through the best accountant courses, career advice, interview tips, and salary expectations to make your way to success within the accounting field.
Top Accountant Courses with Their Fee Structure
1. Bachelor of Accounting
Institution: University of Sydney
Length: 3 years
Tuition: AUD 30,000 a year
2. Master of Accounting
Institution: University of Melbourne
Duration: 2 years
Tuition: AUD 35,000 per year
3. Certified Practicing Accountant (CPA)
Institution: CPA Australia
Time span: 6 months per subject
Fee: AUD 1,210 per subject
4. CA – Chartered Accountant
Institution: Chartered Accountants Australia and New Zealand (CA ANZ)
Duration: 2-3 years
Fees: AUD 5,000 a year
5. Certificate IV/Diploma of Accounting
Institution: Blue Lotus College
Duration: 1 year
Tuition: AUD 11,500 a year
Career Advice for Accounting
1. Gain Practical Experience
Start with accounting internships or part-time jobs to gain hands-on experience. Practical knowledge is invaluable in the world of accounting.
2. Continuous Learning
Stay updated with the latest software for accountancy and related regulations. Consider additional certifications like CPA or CA.
3. Network
Join professional bodies like CPA Australia and CA ANZ to network with other industry professionals.
4. Specialise
Specialise in areas like taxation, auditing, or forensic accounting to enhance your skills and gain a competitive edge.
Sample Interview Questions for New Career Aspirants
1. Name some key financial statements and explain their interconnections.
2. Describe an incident when you identified an error on a financial report.
3. How do you stay current with changes in accounting laws and regulations?
4. Describe your experience with accounting software like MYOB or Xero.
5. How do you handle tight deadlines and work pressure?
Read More: Essential Skills and Questions for Aspiring Accountants
Interview Tips
1. Research the Company: Understand the company structure and the latest news.
2. Know Your Resume: Be well-versed with every detail of your resume.
3. Showcase Soft Skills: Highlight your skills in problem-solving, communication, and analytical thinking.
4. Ask Questions: Show your interest in the job and company by asking insightful questions.
5. Follow Up: Send a thank-you email after the interview, expressing continued interest in the position.
Top Employers in Australia Who Hire Accountants
2. Deloitte
4. Ernst & Young (EY) Australia
Accountant Salaries in Australia
Here is the average salary of accountants in Australia, based on their experience:
- Entry-level: AUD 50,000 – AUD 60,000 per year
- Mid-level: AUD 70,000 – AUD 90,000 per year
- Senior-level: AUD 100,000 – AUD 120,000 per year
Find more details about accountant salaries in Australia.
Conclusion
Pursuing a career in accounting is a rewarding choice due to its high demand and lucrative salaries. By following the right path, continuously upgrading your skills, and networking, you can achieve your professional goals in this ever-evolving field.
Discover our Diploma of Accounting program and start your journey to a successful accounting career.
FAQ
Q1: What qualifications are needed to become an accountant in Australia?
Most accountants are required to have a degree in accounting or a related field. Additional qualifications, such as CPA or CA, can enhance your credentials.
Q2: How long does it take to become a qualified accountant in Australia?
It typically takes about 4-5 years, including the time needed to complete a bachelor’s degree and the required professional certification.
Q3: Do you need to have work experience to become an accountant?
Yes, practical experience through internships or entry-level positions is essential for gaining the skills needed to be an effective accountant.
Q4: What is the employment outlook for accountants in Australia?
The employment prospects for accountants in Australia are very encouraging, as financial expertise is always in demand.
Q5: Can international students become accountants in Australia?
Yes, international students can pursue accountancy degrees and certification courses in Australia.