As the economy recovers and business complexity increases, the strong demand for accountants continues.
How Many Accountants Now? 1.3m. Predicted job growth over next ten years: 13%. That’s 166,700 new jobs.
With median salaries running at $63k, a Bachelor’s degree is all but necessary for most accounting jobs.
However, you can expect to earn 5% – 10% more if you hold the CPA (Certified Public Accountant) certification which remains the most highly regarded by employers.
Other highly valued certifications include the Certified Management Accountant (CMA), Chartered Financial Analyst (CFA) and the Chartered Global Management Accountant (CGMA).
Salary Range: $0 to $37,000
Gain practical work experience in any accounting discipline while you complete your education
Internships often lead to an entry level position after college graduation
Take advantage. Ask intelligent questions, participate in company functions, volunteer for additional work but above all…ask for advice. And listen to the answers
Salary Range: $30k to $40k
Entry level accounting position exposing you to numerous financial transactions within a business
Reconcile bank statements, investigate customer billings issue and maintain accounting system records
Fast become the “go to” person in the organization for all accounting queries
Salary Range: $36k to $61k
Record and maintain all the financial transactions and records of small and mid-size enterprises
Uniquely positioned, Bookkeepers work closely with business owners to give operational advice and manage cash flow
Demanding and stressful but very rewarding
Salary Range: $34k to $80k
Calculates the daily, weekly monthly and annual payments to employees, executives and board members
Powerful role within any organization. Super attention to detail required
High-quality interpersonal skills a must. Wages = Emotions. Be prepared for tough conversations
Salary Range: $44k to $130k
External Auditors work for Public Accounting firms. Many CPA’s start their training here.
Required by organizations of all sizes to ensure that financial statements are free from material mis-statement, errors or omissions
An Auditor is a watchdog and not a bloodhound.
Must be tenacious, thick skinned, relentless in the pursuit of answers, travel frequently and work long hours. The reward is a unique understanding of how organizations work.
Salary Range: $44k to $125k
Cut your teeth preparing federal, state and local tax returns for companies of all sizes. Leads to giving sophisticated advice to minimize tax bills
Don’t be confined to Public Accounting. Work in small and large corporations as well as Government
Huge hours during tax time (January to April) and large corporate transactions such as IPO’s and acquisitions. Big-time pressure
Salary Range: $58k to $100k
Regulation, taxation and financial crime are creating a growing need for accountants at every level in Government
Usually offers extensive benefit packages and an established career path
Work with Congress or the FBI. Or what about a State budget?
You won’t accumulate extreme wealth as a civil servant but you’ll potentially improve the lives of your fellow citizens
Salary Range: $69k to $108k
Review the financial records, processes and working environment of individuals and organizations to support criminal and civil legal proceedings
Track down terrorism activity, flush out fraudulent employees and bogus insurance claims. Bring resolution to messy divorces
Must be tenacious, have a passion for justice but be objective at all times
Salary Range: $55k to $117k
Gather, analyze and present a wide range of financial information allowing company executives to make informed business decisions
Detailed involvement in Budgeting, forecasting, long-term strategy, cost-management, new product evaluation, business acquisition and divestments.
Smart and proactive analysis makes you the trusted advisor of the business
Salary Range: $47k to $142k
Ensure that all the financial transactions are properly recorded in the financial systems
Prepare financial statements (income statements, balance sheets, cash flows and disclosures)
Work closely with the internal and external auditors