A minor in another language is a good compliment to your accounting degree. According to AOL Jobs, two-thirds of all executives speak at least two languages. There is a great demand for bilingual employees today. Bilingual employees are a valuable asset to corporations because they add diversity to the work environment and benefit overseas business and communicate with non-English speaking clients. In the United States, the most sought after bilingual employee speaks English and Spanish. By the year 2020, 43 million people in the United States will speak Spanish. Not only is Spanish the second most spoken language in the United States, it is second in the world. Here are four career options that you may want to consider if you have a Bachelor of Science degree with a major in accounting and a minor in Spanish.
Certified Public Accountant
As a Spanish-speaking accountant with a CPA, you can work for an international financial company as an account manager. You can also start your own accounting firm offering accounting, auditing and tax services to small businesses in Spanish-speaking communities.
Many financial institutions and government agencies, like the Department of the Treasury, hire translators with a degree and certification in accounting. From 2010 to 2020, the demand for translators is predicted to grow 42 percent.
Working as an international auditor in another country may offer you a higher salary and faster career growth. With the bilingual skill, your career path may lead to a senior manager or financial controller position. You will need certification from the International Register of Certified Auditors (IRCA) where you will be listed on their auditors register. This global online register is accessed by employers all around the world. You may need additional training to learn the International Standards on Auditing. International auditing training is provided by the Association of Chartered Certified Accountants (ACCA). Upon completion, you will receive a Certificate in International Auditing.
Wall Street Financial Market Professional
Since 2011, possessing a bilingual skill is a necessity for being hired to work on Wall Street. The request for a Spanish and English speaking financial market professional continues to increase, especially when this skill is combined with internal auditing, asset allocation or investment banking expertise. An internal auditor makes sure that the company’s accounting practices are in compliance with their policies. An investment banking analyst gives senior banking executives financial insight and analysis of the financial market.
Corporations are expanding their markets by doing business overseas and reaching out to the United States Hispanic and Latino market. The Hispanic buying power in the United States will reach $1.5 trillion in 2015. These factors are increasing the demand for bilingual employees speaking English and Spanish. With a major in accounting and a minor in Spanish, you will have a bright, rewarding and lucrative career ahead of you.