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Top 5 career options for an accounting diploma graduate

Western Community College > Blog > Bookkeeping & Accounting > Top 5 career options for an accounting diploma graduate

You have completed or are about to complete your accounting diploma, or maybe you are just thinking of getting one. But you are wondering – What are the career opportunities for an accounting diploma graduate? What kind of jobs can an accounting diploma graduate do? What tasks would those jobs involve?

If that sounds like your situation, this article will help you find the answer to those questions. Following are the top 5 career prospects for an accounting diploma graduate:

Bookkeeper

A bookkeeper monitors a business’s financial accounts and activities, such as accounts receivable, accounts payable, sales taxes, and debt levels. Some of their duties are to:

  • Post journal entries and account reconciliations, compile a trial balance, manage general ledgers, and generate financial statements.
  • Calculate and create payroll and utility, tax, and other bill checks.
  • Complete and submit tax remittance forms, workers’ compensation forms, pension contribution forms, and other government documents.

The median hourly wage of a bookkeeper in Canada is $25.00/hour*.

Accountant

Accountants are responsible for maintaining financial records, assessing financial data, and making crucial choices for individuals and businesses. Some of their duties are to:

  • Examine accounting documents and generate financial statements and reports.
  • Establish and maintain cost estimation, accounting, and internal control methods.
  • Examine financial accounts and records and prepare tax returns based on accounting records.

The median hourly wage of an accountant in Canada is $38.46/hour*.

Accounting Clerk

An accounting clerk is an administrative professional that performs basic office duties in a department or corporation specializing in accounting. They compute, compile, and process bills, invoices, accounts payable and receivable, budgets, and other financial documents following predetermined procedures. Some of their duties are to:

  • Compile budget papers and information based on expected income and expenditures and historical budgets.
  • Prepare period or cost statements or reports.
  • Compute the costs of materials, overhead, and other expenditures based on estimations, quotes, and price lists.

The median hourly wage of an accounting clerk in Canada is $23/hour*.

Credit Analyst

A credit analyst is responsible for evaluating a person’s or business’s creditworthiness, determining the likelihood that a borrower will be able to repay their loans. Some of their duties are to:

  • Open new personal and business accounts and enable access to ATMs, telephone banking, and internet banking services.
  • Interview candidates for personal, mortgage, student, and commercial loans.
  • Promote deposit, investment, credit, and loan products and services.

The median hourly wage of a credit analyst in Canada is $26.67/hour*.

Payroll Administrator

A payroll manager manages and distributes employee payments for an organization. These experts also monitor changes in payroll, such as the hiring or transferring personnel. Some of their duties are to:

  • Maintain and update employee information such as records of employee attendance, leave, and overtime using manual or digital systems to determine pay and benefit entitlements in Canadian and foreign currencies.
  • Prepare and verify employee wage statements, including gross and net pay, deductions such as taxes, union dues, garnishments, and insurance and pension programs.
  • Prepare, verify, and handle all payroll-related payments, including regular, benefit, and special payments such as vacation pay.

The median hourly wage of a payroll administrator in Canada is $25.40/hour*

Conclusion

There are plenty of career opportunities for accounting diploma graduates. And the main advantage of a diploma is it requires less time and money and stresses actual abilities over theoretical concepts. It is all about preparing you for the professional world.

Students in the Accounting Diploma program at Western Community get thorough training in General Accounting, taxes, payroll, and auditing. In addition, they get the chance to apply this knowledge in accounting software. Visit the program page for more details.

* All wages taken from the Canada Job Bank

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