Considering a career change…
Hello everyone, I’m seeking some brutally honest feedback.
I’m contemplating a career switch to Accounting, particularly forensic Accounting. I hold a bachelor’s degree in criminal justice and a master’s in social work. After spending 8 years working as an emergency department social worker, I’m ready for a change. My main motivations are to 1. increase my income and 2. reduce my stress levels.
I’d love to hear your thoughts—what do you think makes this a good or bad idea? Thanks! 😊
One response
Making a career switch is a big decision, and it’s great that you’re seeking honest feedback. Here are some points to consider regarding a move to forensic Accounting:
Pros:
Financial Potential: Forensic accountants often earn higher salaries than social workers, especially as you gain experience. This aligns with your goal of making more money.
Less Emotional Stress: Transitioning from an emotionally taxing role in social work to a more analytical role in Accounting could provide a break from high-stress interactions with clients in crisis.
Growing Field: Forensic Accounting is a growing niche within accounting, with increasing demand for professionals who can investigate financial discrepancies and fraud.
Utilizing Skills: Your background in criminal justice could provide a valuable perspective and skills that are applicable in forensic accounting, such as analytical thinking and problem-solving.
Variety of Work: Forensic accountants often work on diverse cases, which can keep the work engaging and interesting.
Cons:
Learning Curve: Accounting, especially forensic accounting, requires specific knowledge and skills that you may not currently have. Be prepared for challenging coursework in accounting principles and possibly obtaining certifications (like CPA or CFE).
Job Market Competition: While the field is growing, it can also be competitive, particularly for entry-level positions. You might face challenges breaking into the field without prior experience.
Longer Hours: Depending on the employer and specific job role, forensic accountants can sometimes face long hours, particularly during busy periods like tax season or year-end audits.
Transitioning Time: You may need to invest time and possibly money in education or training to make the switch, which could delay your entry into a higher-paying job.
Different Work Environment: If you’re used to fast-paced, high-stakes environments, the structured and sometimes solitary nature of accounting might feel different or less rewarding.
Ultimately, the decision should hinge on your personal interests and long-term career goals. If you are passionate about the work and willing to invest in the necessary education, it could be a fulfilling transition. Consider talking to professionals in the field or seeking internships or courses that can give you a better sense of what the job entails. Good luck!