Life as an accounting tutor won’t always be easy, but there are many compelling reasons to take the leap and give it a go!
The main reason many decide to go the route of becoming a tutor of a specific field or subject is either because they don’t want to be a school teacher or university lecturer. It could also be that they’re an expert in their field and don’t want to get into academic research, though this is of course less common.
As such, this guide will be as much of a presentation of the benefits of working as an accountant tutor as it will be a comparison of working as a tutor vs working as a teacher.
Accounting is a highly practical subject, which can fill the gaps in many students’ educations, since finance is a rarely covered topic in schools. As a result, working as an accounting tutor can be immensely rewarding, as we hope to show you throughout this guide!
Choose your Work Schedule
In a world that is looking more and more digital by the day, the flexible work schedule is becoming much more common in the workplace.
Whether that’s a hybrid model which allows workers to work some days at home and others in the workplace, or the fully remote model which lets workers set up base at home, we’re seeing a huge spike in these ways of working in no small part due to the COVID-19 pandemic.
As such, why wouldn’t you want to choose a career in this day and age that’s flexible and adaptable?
The pandemic has reminded us that at any minute all level of certainty around work and other aspects of our lives can be thrown out of the window. So in some ways, the best way to prevent this from happening in future is to find work that you can do from anywhere.
As a tutor, you might prefer to work with students in-person to build rapport but it isn’t necessary. Online classes are extremely common these days, as are online courses.
You also get to design your own work schedule and have full control over it.
That’s a huge deal, and one way in which being a tutor can be much better than being a teacher who is confined to work during hours the school assigns every day.
What this flexibility means is that you can decide what time you start work in the morning, when you finish for the day, and even how many days out of the week you want to work.
The downside here is that while it might seem ideal to have all this power, it can also be a curse. If you struggle to get work done and feel motivated without structure, you might end up working the hours a school teacher would anyway. In which case you wouldn’t see much benefit.
However, setting your own work schedule has another benefit, which is that you can account for unexpected events and appointments and give yourself time off.
As a teacher, you have plenty of paid holiday time off, but you don’t get to choose when that is. As a tutor, you might not be paid when you take time off, but you can take time off to see a close friend whose in town, organise your house, or even to go to a nearby city for the day.
Plus, if you can create a course, which we’ll cover in more detail next, you could even bring in a small trickle of passive income while you’re off running errands.
Maximize your Income
As an accounting tutor, you’ll know that money talks.
You’ll also know that making it as a tutor means maximizing your income, since if you don’t make an effort to make money you’ll struggle to make a living.
Believe it or not, becoming a tutor can be a good way to make money, if you know how to find students.
Well, because the earnings ceiling is, in theory, limitless.
You choose what you charge for classes or courses, you choose how many hours you work, and there’s nobody putting a cap on your salary or monthly earnings.
As such, if you can work hard and market yourself better than your competition, you can rise to the top and make a handsome living working as an accounting tutor.
Granted, it isn’t easy to make a boatload of money as a tutor, and many will struggle for the first few years. But it is possible, especially if you take to social media, blogging, and more to boost your online presence and establish yourself as one of the best accounting tutors around.
It’s also possible to diversify your income as an accounting tutor, by creating different revenue streams. Some of that money coming in can even be considered passive income, which means that after your initial effort you won’t have to do much else to ensure a steady trickle of money coming in.
What are the various potential revenue streams for an accounting tutor?
- Private Classes
- Online Courses
- Affiliate Ads on a Blog
- YouTube Ads
To be a high-earning tutor these days, you need to know how to market yourself online.
That means you should ideally have a social media presence, and put out free content so that would-be students can see why they should choose you over the competition.
The benefits of creating a blog and/or YouTube channel are that these platforms can also give you the potential to earn ad revenue to boost your overall income.
Teach What you Want to Teach
It’s not true for all teachers, but many express job dissatisfaction with regards to a school’s curriculum or constraints they have as to what they can teach the students.
When there is a fixed curriculum in place, often times a teacher won’t have much flexibility to deviate from the prescribed topics. That can be disheartening, especially if you have really creative lesson plan ideas for subjects that fall outside the remit of the curriculum.
As a tutor, while you may still be required to teach curriculum material to help students pass exams, you’ll generally have a lot more freedom in the approach you take.
Rather than being confined to one textbook that the school has assigned, you can go out and find the best resources for teaching your students, whether they are online-based, textbooks you like, or ideas and methodologies you’ve personally come up with to help aid understanding.
As an accounting tutor, you can help break down the bad reputation the subject has as being dull and boring. You can be the first person to show your students what an exciting field it can be to explore by using multimedia resources or injecting every class with your unique brand of enthusiasm for accounting.
This can of course be intimidating at times to not have everything laid out for you, but you can come up with your own systems, and tailor your classes to individual students and their needs. This brings us to our final point, that being an accounting tutor allows you to help your students reach their potential.
Help Students Achieve Potential
One of the most compelling reasons to enter into the world of education, whether as a tutor or a teacher, is to help students achieve their academic potential.
While teachers certainly get to do this, and arguably on a broader scale as they can help guide classes of 20-30 students to academic success, tutors get to see the progress and success of individuals much more clearly.
As an accounting tutor, you’ll play a big role in students’ individual forays into the field.
You could be the person they always remember for getting them excited about a subject they otherwise had no interest in.
Getting to see your students make progress, whether it’s through your courses or classes, can be incredibly gratifying. As a tutor, you can guide them through their educational journey every step of the way, helping them correct their mistakes and keeping them motivated.
You can help struggling students pass exams, but also help others make up their minds about what career it is they want to do in the future.
For some people, the gratification of helping students hit their goals can provide a deep sense of meaning to the job, which is all you can really ask for in a career.
If you’re interested in helping students achieve their best in the field of accounting, you might like to sign up as a tutor with Superprof.
Once you’re successfully registered on the tutoring platform, you’ll be able to teach classes online or in-person. Perhaps best of all, you won’t have to put in quite so much work to entice students to take your classes, since students will be able to find you when you have a tutor profile on the website.
The platform that connects tutors and students