What should a fully qualified aspiring accountant look for in the job market? Our friends at the University of Alabama at Birmingham have visualised seven career options in accounting as well as their average salaries in the United States.
It's a good place to be: The expected job growth for all accountants and auditors is 16% from 2010 to 2020
Like CSI? Good news: Forensic accountants exist and they make on average $72,000
The longest title brings in the most bacon: Accounting information systems auditors make on average $77,000
Accountant and auditor positions typically require a bachelor's degree in accounting, business, economics, or a similar field. Certifications such as the Certified Public Accountant (CPA) designation and/or more job-specific certifications are highly desirable - in some cases, they are required. Once aspiring accountants fulfill these qualifications, what jobs should they look for? Job growth for all accountants and auditors from 2010-2020 is about 16%.
Expert in Tax document preparation for local, state, and federal taxes
Stays up-to-date on code changes and clearly communicates liabilities and issues to their clients.
Often works long hours during tax season (January through April).
Avg. Salary: $60,000
Aids law enforcement, businesses, or individuals in complex or criminal financial matters by evaluating financial records.
Must have excellent attention to detail and legal-proof confidence in their work.
Abg. Salary: $72,000
Internal auditors examine their organisation's funds for signs of mismanagement. External auditors do the same, but usually with more punitive intentions.
Must be highl ethical, communicative, and assertive, with a level of skepticism appropriate to their investigations.
Seeks to improve processes to avoid waste and fraud.
Avg. Salary: $66,000
Prepares financial records for their organisation's business managers for internal use.
Provides information and acts as a strategic partner throughout the chain of information processing and value.
Budgeting, performance evaluation, assessment of operational expenses.
Avg. Salary: $67,000
Similar to a Managerial Accountant, except this work is for the benefit of outside parties rather than internal business managers
Prepares financial statements (balance sheets, income statements, cash flow statements)
Records and reports on business transactions and financial performance
Avg. Salary: $61,000
Audits businesses and individuals who are government-regulated and taxed
Verifies that revenues are lawfully accounted for and spent
Oversees government agency records
Avg. Salary: $61,000
Accounting Information Systems Auditors
Utilises computer programming and accounting knowledge to manage software for accountants and other financial professionals
Oversees operations and security of these tools
May also help develop new accounting systems
Avg. Salary: $77,000
With a degree in accounting and a certification, the sky is the limit for your accounting career. Where will your dreams take you?
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