Sherri and Terry are both up for the same job. Both have nearly the same amount of experience and education. But Sherri has something that Terry doesn't - experience in and knowledge of the company's field.
In addition to one's accounting background, possessing additional knowledge is more than just useful for landing a job. In some cases it's helpful to do the work, and in other cases that background is required.
Bonus Skills
"For instance, there are a number of accountants who have an undergraduate degree in engineering, and then decide to get an MBA with an emphasis in accounting," says John Edson, CPA, and partner at Blanski, Peter, Kronlage, and Zoch. That crossover can be extremely helpful.
"They're dealing with estimates of how much it costs to build a piece of equipment," says Edson. "They're drawing on both their accounting and engineering skills."
While additional education and experience is helpful, don't overlook the necessity of accounting professional development.
"If the accountant already has the specific knowledge, it would be helpful to apply it as there would be deeper knowledge on process flows," says Susan Thomas, division director of Accountemps in Minneapolis. "However, this is really a nice to have.'"
She notes that many employers want accountants with specific educations, like a CPA or MBA.