Transitioning from Military to Accounting: Seeking Guidance
Hello everyone,
I’m looking for advice from those already in the Accounting field. After serving 20 years in the Navy as an aircraft technician, I’m working towards my Bachelor of Science in Accounting and am set to graduate when I retire this August.
I have the option to leave the military and return to a contractor position earning over $100K annually, but I would prefer to make a career change at the age of 40 and pursue my degree instead.
My main question is: is it realistic to expect to find an entry-level accounting position with a starting salary of around $60K, and can I realistically aim for $80K-$100K within five years? I bring a wealth of leadership experience and use Microsoft Office applications, including Excel, on a daily basis. However, I have no interest in working for big firms or in public accounting, as work-life balance is my priority at this stage of my life.
Additionally, I’ll have my military pension, which will provide roughly $70K annually, so I have that to fall back on.
How can I effectively leverage my military background and transition into a rewarding accounting career? Any tips or insights would be greatly appreciated!
One response
First off, congratulations on your upcoming retirement and graduation! Transitioning from a military career to the civilian workforce, especially in a new field like Accounting, can be challenging, but your leadership experience and dedication will serve you well.
Leverage Your Skills: Your background in the military has likely equipped you with valuable transferable skills such as leadership, teamwork, problem-solving, and project management. Be sure to highlight these skills on your resume and during interviews, demonstrating how they can apply to an Accounting environment.
Networking: Start building your network in the Accounting field. Attend local industry events, join accounting associations, and connect with professionals on LinkedIn. This can help you learn more about the field and potentially lead to job opportunities.
Internships and Entry-Level Positions: While you may be aiming for a starting salary of $60K, consider that entry-level positions in accounting may start lower, especially for someone new to the field. Be open to internships or lower-tier positions that can offer valuable experience and a path to higher-paying roles.
Certifications: Having your Bachelor’s in Accounting is a great start, but consider pursuing additional certifications such as CPA, CMA, or Excel certifications. These can make you more competitive in the job market.
Tailor Your Resume: When crafting your resume, focus on achievements that showcase your analytical skills, attention to detail, and ability to work under pressure. Use quantifiable results from your military service to illustrate your capabilities.
Research Companies: Look for companies that prioritize work-life balance and that align with your values. Smaller firms or private companies may offer a better culture suited to your needs compared to larger firms.
Prepare for Interviews: Be ready to articulate why you’re transitioning into accounting. Your unique perspective as a veteran can add value, and employers may appreciate your commitment to learning and adaptability.
Be Patient and Persistent: The transition may take time, so stay motivated and open to opportunities as they come. Your solid financial base via your pension will give you some flexibility during this period.
Overall, it is definitely realistic to find a job in accounting that meets your salary expectations, especially given your leadership background and the growing demand for accountants. With your skills and determination, you should be able to build a fulfilling career in this new path. Good luck!