career comparison

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Career Comparison
Career Comparison for
Accountants and Financial Analysts

Prepared for
Sara Ray

Prepared by

Career Consultant

June 16, 2013

LETTER OF TRANSMITTAL
Sara Ray
123 Brookside Dr.
Holbrook, NJ 75486-1256

June 21, 2013
Dear Sara,
Here is the report you requested on June 1st for a comparison between of a career as an accountant and a financial analyst. Based off our conversation, we took your interests and previous work experience into consideration as we compared specific criteria between these two careers. While working for your previous employer as a junior accountant, you show your ability for detail and organization. An accountant must possess these skills as well as the ability to work independently. I also gathered from our conversation that you are not one to handle a tremendous amount of pressure well. As a financial analyst, this is a skill that is required. You could be faced with many deadlines that could be very stressful. Your education course of study was also included to compare to the education requirements of each career and even though there are many similarities between the two, there are many differences. For example, both careers require good written and oral comprehension but an accountant needs to have excellent mathematic skills and be able to choose the right formula to solve a problem. This skill is not as important as a financial analyst as is the ability to develop solutions to complex problems that need to be solved. Your college transcript shows your focus in accounting and mathematics which falls under an accountant’s criteria. You could use this degree as a financial analyst however you would need to take some more finance or risk management.

We feel that with all these facts considered, a career as an accountant is the best choice for you. Thank you for this opportunity. Please review the enclosed report and let me know if you have any questions.

Thank you,

TABLE OF CONTENTS
PAGE
Letter of Transmittal..……………………………………………………………………..ii Synopsis ..........…………………………………………………………………………….iv Introduction ………………………………………………………………………………..1 Scope and Limitations………………………………………………………………………………………………. Sources and Methods………………………………………………………………………………………………. Organization of the Report……………………………………………………………………………………….. Career as an Accountant………………………………………………………………… Occupation Skills and Tasks………………………………………………………………………………………. Salary……………………………………………………………………………………………………………………….. Education Requirements…………………………………………………………………………………………. Work Environment…………………………………………………………………………………………………… Advancement Opportunities……………………………………………………………………………………. Career as a Financial Analyst…………………………………………………………. Occupation and Skills…………………………………………………………………………………………….. Salary…………………………………………………………………………………………………………………….. Education Requirements……………………………………………………………………………………….. Work Environment…………………………………………………………………………………………………. Advancement Opportunities………………………………………………………………………………….. Conclusions and Recommendations………………………………………………… References………………………………………………………………………………… Appendices………………………………………………………………………………… Appendix A: Client Interview…………………………………………………………………………………… Appendix B: Memo on the 3-step process………………………………………………………………

SYNOPSIS

This report is a comparison between a career as an accountant and a career as a financial analyst. While there are many similarities between the two careers, such as a fast growing career in today’s world, they are clearly different. We compared both careers using the five same criteria, occupation skills and tasks, salary, education, work environment and advancement opportunities. An accountant deals with real numbers and prepares financial reports based off those figures. They concentrate on preparing budgets and taxes for a company. A financial analyst studies investments that have been made and evaluate the trends of them. They are using more of a calculated or projected number to make an...
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