There are many niche careers one can get into with a degree in Accounting and Finance. An example of a particularly rewarding career is one in payroll services. People who work in payroll services jobs are the ones who manage and record employee time and payroll information. This includes computing for employee time put in, bonuses, commissions, and deductions in wages. The payroll services job description may also include the preparation of paychecks. It is an extremely vital job for any business, and so there will always be a demand for payroll services experts.
Employment Opportunities in Payroll Services
Because no business can do without payroll services management, a career in this field is a viable option for those with Accounting and Finance degrees. Studies show that despite a projected trend of slow decline in employment for payroll services careers in the next decade or so, job prospects are looking favorable. The decline in employment is mainly due to the advent of technology and automation in the field, reducing the need to manually manage payrolls. However, those who have completed a certification program to handle more complex payroll management systems will have more than plenty of job opportunities.
Payroll Services Schools
For those who are looking to enter this untapped niche career, there are payroll services schools that offer training specifically to manage employee payroll services. The payroll services training you receive at these schools will equip you with the skills necessary to manage payrolls, whether it’s for small business payroll services or larger scale global payroll services. While any payroll services college out there can teach you the basics of the business, it would be much better to choose schools that specialize in the payroll services training for the niche you are most interested in working in. There are many schools out there, but only one is the best fit for your needs. Consider all options, and choose wisely.
A Profitable Career Choice
A payroll services salary is nothing to scoff at. The mean annual wage is pegged at $36,000, while top payroll services clerks make as much as $51,000 annually. This is a big business, and as proof, there are many payroll services companies who are willing to pay top dollar for exemplary employees who can really make a contribution to their company. This is where being certified to handle complex payroll services and schemes will really come into play. Obviously, if you have better certification that most, then your future possible employers will hold you in higher regard.
Going into payroll services is a sound career choice. Job opportunities are high, and it pays well. If you have an affinity with numbers, you might want to consider this as a viable career option.
Data provided by the Bureau of Labor Statistics
The salary range for Payroll Services begins around $23,660 and usually tops out around $51,000, with a mean in the neighborhood of $37,330. This is about 16% lower than the national average for annual salaries.
In order to qualify for most Payroll Services positions, you typically need to have a Associate's Degree or higher.