Accounting skills are crucial for any aspiring business leader to have. Luckily, you can expand your accounting skill set by interning abroad. As an accounting intern, you will learn about the accounting methods utilized by a different country and come to understand alternative cultural standards and procedures. Accounting internships abroad will provide you with a glimpse into a new culture and develop numerous business skills that will help you successfully conduct business on an international level. If you want to start your career in accounting off right, interning abroad in most definitely a great first step!
Why Intern Abroad in Accounting
Accounting internships abroad are beneficial for anyone looking to delve into international business, as well as a range of other fields. In general, work experience is something that all employers highly value, and some even require. However, gaining work experience abroad will take your skills to a whole new level. Therefore, international internship experience far outweighs internship experience at home.
By acquiring real work experience through an accounting internship abroad, you will gain an understanding of a new culture and business world, which will not only broaden your understanding of the field; it will also greatly help you develop new skills that are valuable by employers sometimes even more greatly than work experience, such as adaptability, cultural sensitivity, and cross-cultural communication. Your international internship in accounting will greatly help you in your future career when you are adapting to new accounting practices, transacting with foreign business partners, and communicating with your coworkers and clients. Accounting internships abroad will ultimately serve make you a better accountant and future employee, and employers will recognize that when they see your internship experience on your resume.
An accounting department is a necessary part of all businesses across the world, so when choosing where to intern abroad in accounting, you can almost simply choose a country that strikes your interest and rest assured that there will be viable opportunities there for you. However, to be realistic, outlined below are a few countries that are particularly well-known as international business centers. Accounting internships abroad in any of the locations below will surely provide you with a wide range of placement opportunities at reputable businesses that will impress any future employer.
China. As the most populated country in the world, China is also home to thousands of businesses seeking accounting interns to help support day-to-day operations. Some of the world’s largest metropolitan cities in the world call China home, so there are literally endless accounting internship opportunities. China is a hub for international business and a place that many individuals aspire to work and live in; by interning abroad in China, you will be putting your foot in the door and making connections with companies that could become your future employer. During accounting internships in China you will gain more than work experience and accounting skills. Mandarin Chinese is quickly becoming a more popular and valuable language to know, and you will no doubt be able to pick up some general phrases or better develop your understanding of the language during your accounting internship.
England is an international center of business, commerce, and finance, so accounting internships in England will provide interns with plenty of opportunities to learn various accounting tactics and strategies used on the international level. Since English is the national language of England as well as the language of all business transactions, accounting internship in England are a great option for native English speakers who aren’t ready to confront a language. Since England’s major cities, especially London, are home to a immense diversity, accounting interns will have a great deal of networking available to them. As with China, individuals from all over the world travel to England for professional opportunity, so your accounting internship in England could be your chance to make connections and find out about potential job opportunities.
Australia is a very popular destination for international student travelers, including those who are interested in both study and internship programs. Consequently, there are a number of organizations and program providers that specialize in helping foreign students obtain internships in Australia in their desired field. Those who intern abroad in Australia will have the chance to work alongside people from all over the world, since hundreds of students and professionals flock to Australia to gain work experience each year. While the competition may seem intimidating, it is actually a good signal that the experience you’ll gain through accounting internships in Australia is valuable. The Australian economy has remained fairly stable in recent years, creating a range of job and internship opportunities for those looking for a fresh start in a new country.
Accounting Internships Abroad
There are hundreds of accounting internships abroad available for the taking which allow interns to work closely with companies of all sizes, ranging from massive corporations to small businesses to family-owned companies.
Accounting interns may be responsible for a wide range of duties, including assisting with financial reports, managing bank statements and inventory, maintaining journal entries, invoice processing, or completing data entry tasks. Depending on the specific accounting internship abroad, interns may be solely responsible for their own tasks or they may work as part of a team. You may even have the chance to help improve financial literacy in your internship destination through outreach or resource sharing.
Many accounting internships abroad are part-time, but that doesn’t mean it isn’t possible to find a full time internship too. When it comes to the timing of accounting internships abroad, it can be beneficial to intern abroad during the busier times of the year for accountants, so you can experience what is is really like to work in the field. Full semester internships are also a great option, as these limit competition with the majority of students who look for summer internships. Fall or winter internships in accounting can also be great for students who are taking a semester off or gap year before completing their studies, and for entry-level professionals in the field too.
Experience is typically not required to intern abroad in accounting, but it’s always a good idea to sharpen up your resume before submitting your application.
Adapt to Different Standards of Accounting & Benefit Your Future Career. For those who are looking to get into a career involving international business, learning to adapt to the cultural standards of a different country can be extremely beneficial to your future career. Learning different accounting strategies will not only help you conduct business within another country, it will also provide you with the practice of adapting and respecting differing business and accounting traditions.
Immerse Yourself in the Field on an International Level & Build a Professional Network. Through interning in accounting within an international context you will not only be working for a foreign company, your fellow interns, and possibly your clients, will likely be from different countries as well. This will benefit your cultural repertoire, and will also provide you with many new international connections.