For accounting professionals, career growth isn’t just about crunching numbers better—it’s about strategic career development and positioning yourself for upward mobility. Whether you’re aiming for your next promotion in your current company or exploring new opportunities after years at the same firm, a proactive approach can set you on the right path.
How to get promoted
Securing a promotion in accounting requires a combination of technical expertise and soft skills, including leadership and strategic networking. Here’s how you can improve your chances of climbing the accounting career ladder.
1. Master your technical skills
Accounting professionals must continually refine their expertise in financial reporting, tax regulations, auditing, and accounting software. I began my accounting career by accepting a full-time audit position at a Big 4 firm, and while Big 4 and audit were a great jumping off point, I accepted an opportunity in a much smaller boutique firm where I was able to work directly with owners of small- to mid-sized businesses in audit and tax. The technical, communication, and leadership skills I gained during my time in this less “prestigious” firm helped pave the path to the success of Dillon Business Advisors. Staying ahead of industry changes, as well as acquiring new technical skills, not only strengthens your credibility, but makes you indispensable for career growth.
2. Take on leadership roles … or create them
A promotion often requires stepping into leadership responsibilities. Volunteer to lead projects, mentor junior accountants, and demonstrate problem-solving abilities. Upward mobility in accounting depends not just on what you know, but also on how well you manage and inspire others. If there are not leadership opportunities available in your current position, create them! Become the subject matter expert on a tool used in your firm or a service you provide, and then make yourself available to help others.
3. Invest in professional certifications
Earning credentials such as CPA, CMA (Certified Management Accountant), or CFA (Chartered Financial Analyst) can significantly boost your career development. For accountants in firms providing tax services, becoming an Enrolled Agent is also beneficial to help communicate and resolve matters with the IRS. These certifications demonstrate commitment to excellence and make you a strong candidate for higher-level positions. At Dillon Business Advisors, it is critical for our controllers within our Team of 3 model to have an EA or CPA designation to be able to advocate for their clients with the IRS.
4. Develop soft skills
Beyond technical knowledge, strong communication, teamwork, and analytical skills are crucial for career growth. When assessing an accounting professional for hiring or advancement, firm owners are looking for more than what a person knows. A promotion isn’t just about numbers—it’s about how effectively you communicate financial insights, and deliver business strategy to clients and teammates. Finances can be a delicate, intimate area for many people. Whether it is lack of experience with money or a string of unfortunate failures, the ability to listen to gain an understanding, and then provide relevant data and advice, is invaluable.
5. Network within your organization
Put yourself in the room. Seriously, make yourself available to others. Be curious and respectfully offer perspectives from your current position and previous experience. Engage with senior management, attend company events, and build relationships with your team. Doing good work and being effective are necessary. The accounting professionals who go above and beyond to be relational really stand out among their peers. Developing relationships in your organization increases visibility and enhances your chances of upward mobility.
6. Ask for feedback and set goals
Proactively seek feedback from supervisors and use it to improve. Expressing interest in career development shows initiative, and setting clear goals can align you with promotion opportunities. Great questions to ask if you desire a promotion include the following:
- What skill or experience is required to advance to the desired position?
- Are there courses, podcasts, or books that have helped others be successful in that position?
- What types of people have been successful in the desired position?
- Are there any specific areas of improvement preventing me from advancing at this company?
Exploring new opportunities after a long tenure
If you’ve been with one company for years and feel your career growth has stalled, it might be time to look elsewhere. Here’s how to make a smooth transition:
- Update your resume and LinkedIn profile: Highlight accomplishments, leadership experiences, and key contributions that showcase your readiness for a promotion or a higher role elsewhere.
- Leverage your professional network: Connect with former colleagues, industry peers, and recruiters. A strong network can open doors to new opportunities and accelerate your upward mobility.
- Research potential employers: Look for companies that align with your career development goals. Consider factors such as company culture, growth opportunities, and leadership structure.
- Upskill and stay competitive: If you’ve been at one firm or company for a long time, your skills may need a refresh. Take courses on emerging accounting trends, technology, and industry best practices to stay ahead.
- Be prepared for interviews: Expect questions about why you’re seeking a change after so many years. Frame your response around career growth and the desire for new challenges.
- Stay open to different career paths: Sometimes, upward mobility in accounting means exploring roles outside traditional corporate settings, such as consulting, academia, or entrepreneurial ventures.
Take charge of your career growth
Whether you’re aiming for a promotion within your current firm or seeking a fresh start elsewhere, proactive career development is key. Steady upward mobility in the accounting profession is available to those who stay curious and engaged with their industry and management.
If you’re feeling stagnant, stop waiting for opportunities; create them. Climbing the accounting career ladder requires persistence and developing relationships. Remember: You cannot think your way to success, you must take a step up in the direction of your goals.
