5 High Salary Jobs After E Accounting and Banking Course
E-Accounting and Banking is a Professional Course. Hello friends, today’s blog is about 5 high salary jobs after e accounting and banking course. that will assist you in your job search or open doors to new opportunities for you. This course covers all major aspects of business activity for various industries such as accounting, manufacturing, taxation, banking, and payroll, among others. E-accounting (or online accounting) is the use of online and Internet technologies in the accounting function of a business.
E-accounting, like e-mail, is an electronic version of traditional mail. It is the “electronic enablement” of lawful accounting and traceable accounting processes that were previously manual and paper-based.
Table of Contents
E-accounting entails performing regular such as:
- Accounting functions
- Accounting research
- Accounting training and education using various internet-based or computer-based accounting tools such as:
- Digital tool kits
- Various internet resources
- International web-based materials
- Internet-based institute
- Company databases
- Web links
- Internet-based accounting software and electronic financial spreadsheet tools that makes a decision efficient.
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Why e-accounting and banking course?
The Advantages of E-Accounting are as follows:
1. Easily customizable:
The most significant advantage of e-accounting is its ease of customization. However, you must first ensure that the accounting software is easily customizable and that accounting data is easily accessible. It also enables professionals to select a comfortable visual setup.
2. Accounts are always in balance:
E-accounting aids in the balance of account debits and credits. Online accounting allows for access at any time and from any location. E-accounting helps to save money and time. Accounting software makes it simple to manage and develop.
3. E-accounting helps businesses cut costs:
E-accounting helps businesses cut costs. It is the most significant advantage of online accounting. Accounting software aids in the elimination of manual work in traditional accounting. Professional accountants in computerized accounting contribute to the reduction of full-time staff and costs.
4. E-accounting reduces errors:
E-accounting aids in the reduction of errors that accountants face when managing online accounting, such as mathematical errors. However, the primary goal of online accounting is to reduce errors. So, these are the advantages of e-accounting that can help you build a successful and rewarding career in e-accounting.
Some of the reasons to pursue a career in banking include:
- Opportunities for Professional Training and Development.
- They have Long-Term Career Prospects.
- Remuneration and benefits.
- Job Security.
- A fast-paced, ever-changing career.
- It is simple for people of all disciplines to join.
- Appropriate Job Timing.
5 high salary jobs after e accounting and banking course
1. Accountant Executive:
The account executive acts as a direct link between the advertising agency or financial services firm and the existing client, managing day-to-day operations and ensuring customer satisfaction. The account executive is also responsible for bringing more clients into the agency in order to increase revenue.
Responsibilities of an Account Executive:
- They assist clients by learning about and meeting their needs. Account executives also meet with clients to discuss their specific requirements.
- They make cold calls or contact potential customers. They also collaborate with account planners.
- They follow up with prospects several times during the sales cycle to ensure that their needs are met. Clients are also presented with campaign ideas and costs.
- They present and demonstrate the worth of products and services to potential customers. They also provide information to the campaigning team, which creates the advertisements.
- They collect and analyze data to identify trends. They also bargain with customers.
- They devise sales strategies and establish quotas. They also perform checks and generate reports.
- Keeping up to date on company offerings and industry trends.
- Keeping a contact information database.
- Establishing long-term, mutually beneficial relationships with external contacts and internal departments in order to improve the customer experience.
- Handling complaints and negotiating.
Qualifications and abilities
- He should have a B. Com. and an M. Com. He should have a computer skills diploma.
- Must have a degree related to the field of business administration, sales, or marketing.
- Understanding of market research, sales, & negotiating techniques
- Extensive knowledge of Microsoft Office; knowledge of CRM software is an asset.
- Strong communication and presentation skills, as well as the ability to build relationships.
- Organizational and time management abilities
- Business savvy.
Average salary:
- The starting salary of a fresher in the fields of Accounts Executive is 20k to 25k per month.
- With 2 to 5 years of experience, the salary becomes 35k to 60k per month.
Every company, private or public, requires an account executive to manage their accounts. Account Executives collaborate closely with their clients to develop strategies and achieve the client’s objectives. In addition, they collaborate with other sales representatives and team members to coordinate account activity and manage projects across multiple teams.
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2. Bank Clerk:
Based on customer or supervisor requests, bank clerks enter and update customer and financial data in the bank’s computer systems. This can include changing a customer’s address or contact information, making changes to their income records, or removing customers from bank records when their accounts are closed.
Bank Clerk is a prestigious and well-paid position for those looking to work in the banking industry. The Clerical cadre in banks is primarily responsible for dealing with customer-related issues and assisting with the bank’s resource structure. The banking sector in India is one of the most important job creators, and many people want to work as bank employees in our country.
The following are the job responsibilities of a Clerk in the banking industry:
- They respond to inquiries by the customers. They are also in charge of customer transactions.
- They assist customers in making cash deposits and withdrawals. They also respond to visitor inquiries.
- They set up loan accounts. Customers are directed to Bank Personnel.
- A Bank Clerk is responsible for ensuring KYC (Know Your Customer) compliance for all new account holders in the bank. They also confirm the customer’s personal and financial information.
- They also assist with data processing. They keep track of customer and financial information.
- They are in charge of files and data. They also assist with cash management.
Qualifications and skills
- The candidate must be between the ages of 20 and 28. Before applying for a clerk cadre, the candidate must meet the minimum qualification requirement of a graduate.
- A valid degree from a recognized State or Central University is required of the candidate. The candidate should also have a computer skills diploma.
- Bank clerks must be excellent at providing customer service.
- Bank clerks must pay close attention to detail.
- A good organizational skill is required of a bank clerk.
- Bank clerks must be adept at data entry.
- Bank clerks must be adept at cash management.
Average Salary:
The starting salary of a bank clerk is 20k to 35k per month. Bank clerks can work in both government and private banks.
3. Administrator Executive:
Administrative executives serve as the executive offices’ primary gatekeepers. They are in charge of the executive offices’ daily administrative operations. Among these responsibilities are juggling phone calls, handling mail, and providing administrative assistance as needed.
Administrative executives are responsible for the following tasks:
- Answer and direct incoming phone calls.
- Plan and organize meetings and appointments.
- Keep contact lists updated.
- Create and distribute memos, letters, faxes, and forms for correspondence.
- Assist with the preparation of regular reports.
- Create and keep a filing system.
- Order office supplies.
- Make travel plans.
- Submit expense reports and reconcile them.
- Provide general assistance to visitors.
- Greet and interact with all visitors.
- Plan meetings and other gatherings.
- Manages traditional paper filing systems as well as electronic filing systems.
Qualifications for Administrative Assistant:
- 10+2 degree with commerce stream
- Extensive computer literacy.
- Professional demeanor.
- Microsoft Office proficiency.
- Outstanding verbal and written communication abilities.
- Task prioritization ability.
- The ability to work effectively under duress.
- Should have strong problem-solving and project management abilities.
- An administrative assistant should be able to work well in a team and collaborate effectively.
Average Salary:
- The starting salary of an administrative assistant is 15k to 20k per month.
- With 2 to 5 years of experience, the salary becomes 35k to 45k per month.
An administrative assistant can work in both government and private sectors. Every company needs an administrator executive to manage its admin department.
4. Tax Consultant:
A tax advisor or tax consultant is a financial expert who possesses specialized tax accounting, tax law knowledge, and know-how. In complicated financial cases, a tax advisor is typically retained to reduce the tax payable while remaining in compliance with the law.
In complicated financial situations, the services of a tax advisor are typically retained in order to minimize taxes payable while remaining compliant with the law. Certified Public Accountants (CPAs), tax attorneys, enrolled agents, and some financial advisors are all examples of tax advisors.
Tax consultants are responsible for the following tasks:
- Tax Return Preparation:
Tax consultants prepare or assist in the preparation of tax returns for individuals, organizations, and businesses. The tax returns they prepare range from simple to complex, and they necessitate a thorough understanding of tax rules and regulations. These professionals devise strategies to reduce taxation by utilizing tax deductions and credits. They organize client meetings. They also provide tax preparation advice to clients. They also prepare and file tax returns for their clients.
2. Calculate Taxes Due:
Tax consultants calculate how much their clients owe in taxes. In some cases, they calculate how much clients owe in back taxes. To calculate the correct amounts, they use computers and add machines. They adhere to tax form instructions and consult tax tables to make correct determinations.
3. Interview Clients/Gather Information:
Through interviews, tax consultants gather relevant financial and tax information from their clients. Clients’ taxable income, allowances, and deductible expenses are examples of such information. Tax consultants may use this information to prepare clients’ tax returns in some cases. In other cases, they provide clients with information so that they can prepare their own tax returns.
4. Use Technology:
Employers frequently require tax professionals to have a diverse set of technological skills in order to perform their job duties. Accounting software (for example, Intuit QuickBooks), email software (e.g., Microsoft Outlook), and spreadsheet software are examples of these (e.g. Microsoft Excel). Tax consultants must also be familiar with tax preparation software and financial analysis software.
5. Provide Information to Clients:
Clients frequently hire tax consultants to gather information and conduct legal research on their behalf. Tax consultants must understand how to provide taxpayers with the information they require to complete their tax forms correctly. They must also be able to explain state and federal tax laws to individuals and businesses.
6. Recognize the Tax Rules and Regulations:
Because the tax code changes so frequently, tax consultants must stay current in order to provide accurate information to clients. Taking professional development and continuing education courses, active membership in tax consultant professional groups and attending conferences are all examples of this. All tax forms are audited by tax consultants for completeness and accuracy. Clients can also benefit from future tax planning.
Qualifications required to work as a tax consultant include:
- Although no formal education or training is required for tax consultants, many tax professionals have a bachelor’s degree in a field such as accounting or finance. They should have a B. Com. and an M. Com degree.
- A tax consultant should be computer literate.
- To become a tax consultant, you must be registered as a Tax Return Preparer and have passed the Tax Return Preparer Test.
- You must be registered with the IRS and have a valid PTIN to work as a tax consultant.
- You must have at least 5 years of experience to work as a tax consultant.
Average salary
- The starting salary of a Tax consultant is 15k to 20k per month.
- With 2 to 5 years of experience, the salary becomes 35k to 60k per month. Tax consultants can work in Public Accounting firms, Corporate Tax offices, and law organizations.
5. Accounts Manager:
Account managers serve as client advocates, collaborating with internal departments to ensure that client requirements are understood and met. They could help with sales, customer service, data collection and analysis, and improving the overall customer experience.
Some of the responsibilities of an Account Manager are as follows:
- They communicate with customers to understand their needs and to explain the value of their products. They also generate revenue from client accounts.
- They cultivate client relationships based on trust and respect. As assigned customers, they also serve as the point of contact.
- They work with internal departments to meet the needs of their clients. They also build and maintain long-term relationships with clients.
- They collect and analyze data to better understand consumer behavior. They also ensure that clients receive the products and services they have requested in a timely manner.
- They keep accurate inventory and account notes records. They also communicate with the employer company about the needs and demands of the clients.
- They keep current on the company’s products and services. In addition, they forecast and track client account metrics.
- By improving processes, they are able to resolve complaints and prevent future problems. They are also in charge of the project’s client relationships.
- They recognize industry trends.
- They serve as a client advocate, focusing on enhancing the buyer experience.
Account Managers must have the following qualifications:
- It is necessary to have a Bachelor’s degree in sales, communications, or a related field. You must also have an M. Com. in Accounting. A professional accounting degree will also be beneficial.
- You should be a natural communicator, both verbally and in writing. You should have good computer skills.
- You should be able to gather, track, and analyze large amounts of data. You should also have prior experience in account management.
- You must be adaptable and have strong problem-solving abilities. Your solutions should be centered on the client.
- You should be very good at active listening. You should also be skilled at project management.
- You should be able to establish rapport and collaborate with others both within and outside of the company.
- You should be aware of consumer habits and industry trends.
- You should have thorough and up-to-date product knowledge.
Average Salary:
- The starting salary of an Account Manager is 35k to 50k per month.
- With 2 to 5 years of work experience, the salary becomes 45k to 80k per month. An Account Manager can work in both government and private companies.
Conclusion:
In the previous article, we looked at 5 jobs that pay well after completing an E Accounting and Banking course. As a result, we conclude that E-accounting assists businesses in keeping their financial data safe and secure while allowing authorized users real-time access regardless of location or computing platform.
Banking, on the other hand, assists businesses through a variety of services such as providing long-term and short-term finance, arranging remittance of money, collection of cheques and bills, etc., and assisting in capital raising by acting as underwriters, among other things.
FAQs:
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What are the most well-known international accounting courses and certifications?
Certified Public Accountant, Chartered Financial Analyst, Chartered Global Management Accountant, Certified Management Accountant, and Certified Financial Services Auditor are some of the most popular international accounting certifications.
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How many accounting specializations are available to me?
There are several accounting specializations from which to choose if you want to carve out a career in this field. Cost accounting, tax accounting, financial accounting, auditing, forensic accounting, and management accounting are all options for specialization.
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What are the four different kinds of accounting?
Corporate accounting, public accounting, government accounting, and forensic accounting.
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What are the various types of accounting?
Financial accounting, cost accounting, auditing, managerial accounting, accounting information systems, tax accounting, forensic accounting, fiduciary accounting, fund accounting, and government accounting are the major branches of accounting.
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Can I pursue an accounting course without having studied Math in high school?
There are some accounting courses that can be taken without studying Math, but such courses require the candidate to complete a foundation course that teaches the fundamentals of Mathematics. However, for a career in accounting, it is always recommended to study Math up to the 10+2 level.
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What types of jobs are available with an accounting degree?
Following the completion of a bachelor’s degree in accounting, you can work as an accountant or an accounts executive. After earning a PG degree, one can advance to managerial positions in the accounts and finance departments. After completing a professional accounting course, one can work as a consultant for accounting firms.
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What accounting courses can I take after graduation?
At the undergraduate level, there are three options: B Com in Accounting & Finance, B Com in Accounting & Taxation, and BBA in Accounting & Finance.
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What exactly is the CMA course?
The Institute of Cost Accountants of India offers a certification program called CMA, or Cost Management Accounting. Candidates must complete three levels in order to obtain the professional certificate, which is similar to other accounting and finance courses such as CA, CS, and CFA.
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What are the top accounting firms that hire accounting graduates?
PWC, Deloitte, Ernst & Young, KPMG, Grant Thorton, Quatrro, and Mindspace Outsourcing Services Pvt. Ltd. are among the top firms that hire accounting professionals in various job roles.
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What is the average salary of a financial analyst in India?
The entry-level salary of a financial analyst in India is Rs 4.12 lakh per year. As one gains experience and more skills in this functional area, their salary package multiplies and can reach Rs 8-12 lakh per year.
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What are the main accounting subjects covered in the undergraduate program?
Finance, Accounting, Management, and Economics are the four major accounting subjects. These subjects and topics are taught in-depth based on the branch and specialization of the specific accounting course.
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What is banking, exactly?
Banking is the business of managing and protecting the money of individuals and organizations. Banking also refers to the lending of money for the purpose of conducting economic activities and business operations.
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How can I get a job in a bank?
To get a job in a bank, one must pass bank exams such as IBPS PO, SBI PO, IBPS Clerk, and SBI Clerk. After qualifying, the candidate is appointed to a nationalized bank. One can get a job in a private bank based on their educational qualifications.
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What are the eligibility requirements for the Bank PO examination?
The candidate must have a bachelor’s degree or its equivalent from a recognized university and be between the ages of 20 and 30.