By Louisa Smyth, published 7 October 2025
A career in accounting is widely recognised as one of the strongest foundations for effective business leadership. The profession develops a deep understanding of how organisations operate financially, strategically and ethically. Many of the world’s most successful business leaders began their careers as accountants, using the discipline, analytical thinking and commercial awareness gained from the profession to guide major organisations. Accounting does not simply teach individuals how to manage numbers; it trains them to understand risk, performance and long-term sustainability, which are essential qualities for leadership in any business environment.
One key reason accounting produces strong business leaders is the emphasis it places on informed decision-making. Leaders with accounting backgrounds are skilled at analysing financial data, controlling costs and planning for long-term growth. A well-known example is Sir Terry Leahy, former Chief Executive of Tesco, who qualified as an accountant before leading Tesco’s expansion into one of the world’s largest retailers. His ability to interpret financial information and manage resources efficiently played a central role in the company’s success, demonstrating how accounting skills translate directly into effective leadership.
Accounting also builds a strong ethical foundation, which is critical for those in senior positions. Accountants are trained to work with integrity, transparency and accountability, as they are often responsible for safeguarding financial information. Andy Haldane, former Chief Economist at the Bank of England, applied his financial expertise to support responsible economic decision-making at a national level. This ethical mindset allows leaders with accounting backgrounds to earn trust from employees, investors and the public, strengthening organisational stability and reputation.
Finally, accounting provides broad exposure to how businesses operate, naturally preparing professionals for leadership roles. Accountants work closely with senior management, advise on strategy and assess organisational performance across multiple industries. Ruth Porat, Chief Financial Officer of Alphabet (Google’s parent company), exemplifies this pathway, using her accounting and financial expertise to balance innovation with financial discipline. Her leadership highlights how accounting develops professionals who can manage growth, risk and strategy effectively. Overall, accounting stands out as a career that consistently produces capable, ethical and influential business leaders.
