Is Singapore a Good Place to Pursue a Part-Time Accounting Course?

Financial management and corporate accounting are a couple of the most in-demand career specialisations in the corporate sector today. Pursuing a career in this field allows you to shape financial policies for companies, decide their growth trajectories and even become a thought leader in the financial world. 

If you are good with numbers, a diploma in accounting part-time can transition your numerical aptitude into valuable financial management skills. Pursuing this programme from a reputable university in Singapore can provide additional career advantages.

It is important to understand the benefits of pursuing part-time accounting courses in Singapore and to check that it will be worthwhile for you before committing to a programme.

Are there Any Significant Advantages to An Accounting Career?

Yes! Choosing an accounting career enables you to tap into the ever-growing demand for qualified accountants around the world and achieve some degree of job security. A US Bureau of Labour Statistics report suggests that there could be 135,000 accountancy-related career openings globally each year until 2030.

You can also choose from a wide range of roles and careers in line with your professional aspirations and interests.

Here are the top ways you can benefit from choosing an accounting career:

• Accounting will always be in demand
• Accountants can find work in any industry
• An accounting background prepares you for running your own business successfully
• The transferable skills from an accounting career can be useful for other career paths
• Accountants demand good pay packages across industries.

Why is a Part-Time Accounting Course in Singapore Valuable to Your Financial Career?

As a financial manager, you will be tasked with looking after the finances of a business. A good accounting programme can help improve your ability to track monetary issues and make better financial decisions.

The programme can help you learn important concepts of macro and microeconomics, as well as tax laws, banking and finance. Such specialised knowledge can help you target high-level financial management jobs such as certified public accountant and financial controller.

Singapore: The Modern Financial Mecca for Business Organisations

If you are interested in an accounting or financial management career, there is no better place to study or work than Singapore. The city-state is considered the biggest financial hub in east Asia and is one of the largest trading hubs in the world.

Singapore is home to major banking corporations like Goldman Sachs and Morgan McKinley, as well as thousands of other MNCs and companies. Their presence generates hundreds of financial management and accounting roles in the city each year.

The finance industry in Singapore is fairly resilient, therefore, you can expect to land a job even under uncertain conditions like the pandemic. In fact, a recent news report suggested that the Singapore finance sector still added 2,800 new jobs in 2020 despite the pandemic.

Therefore, choosing a part-time accounting degree in Singapore for your accounting programme can give you easy access to its diverse and resilient job market.

Your Career After an Accounting Degree

Now for the million-dollar question, what kind of career prospects can you look forward to after pursuing a part-time or full-time accounting programme?

Fortunately, you will have plenty of options to choose from.

1. Choosing to Continue Your Education

A part-time bachelor’s degree in accounting can make you eligible for a variety of entry-level financial management jobs. However, if you want to progress in your career or pursue better-paying roles, you can complement your bachelor’s education with a master’s degree.

Some of the many relevant master’s degrees suitable for accounting graduates include an MBA in finance or a CFA (Chartered Financial Analyst) certification.

2. Starting Your Own Business

If you want to venture towards starting something of your own instead of a corporate career, an accounting degree can be useful. Such a course can help you understand the financial issues of a company, irrespective of its size and domain, and how to solve them.

In addition, pursuing an accounting degree from an international university like the London School of Business and Finance (LSBF) in Singapore can help you develop important transferable skills like networking and communication. These skills can be useful to bring in better leads for your own company or freelancing business.

3. Considering Financial Careers

If you would rather choose the stability and work-life balance of a corporate career, an accounting degree prepares you for a plethora of corporate finance roles. Some of the most interesting roles include a Tax Specialist, Assistant Accountant, Financial Auditor, Management Accountant and Financial Controller.

A good accounting programme gives you an in-depth insight into the financial aspects of a business environment and how to flourish in it. This allows you to prepare for mid or senior-level accounting positions in reputable organisations.

LSBF Singapore offers a great Bachelor of Arts (Hons) in Accounting and Finance programme that can give you the confidence to analyse and communicate financial information reliably. Additionally, you acquire plenty of other skills that allow you to thrive in today’s financial world.

Click here to apply for this programme at LSBF Singapore today.

 This article was written by Sweha Hazari and edited by Olly Cox.