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Career Outlook for those with a Financial Accounting Degree

Career News January 26, 2016

In a world where the services of a financial accountant are required by every organization, learn the education details, skills, the job growth rate and salary information for professionals in this career before you can decide if you should pursue the degree program.

Financial Accounting Overview

In most cases, financial accounting is offered as a subsection of accounting to students in Master’s degree level. The program is meant to equip students with important knowledge regarding accounting methods, financial statements and tax documents.

Career Options for those in Financial Accounting

Some of the common career choices that a graduate of financial accounting can pursue are certified public accounting, tax examination as a career or become a stockbroker.

Certified Public Accountant

A certified public accountant does auditing for companies, individuals, government organizations and nonprofit groups. In most cases, certified public accountants specialize in a specific area while in college. These areas may be financial analysis, tax preparation or financial auditing. As a general requirement, certified public accountants are expected to meet specific state licensing requirements before they can look for a job. Besides this, CPAs are also expected to pass the Uniform CPA Examination, which is often in four lengthy parts organized by the American Institute of Certified Public Accountants. After passing the exam, a CPA can then be licensed by the State Board of Accountancy.

The U.S. Labor of Bureau Statistics estimates that the average annual earnings for a professional in this area was $65,080 in 2013 while the job growth rate is expected to be around 13% up to the year 2022.

Tax Examiner

Tax examiners are the people who check for accuracy and validity of tax documents submitted to them by individuals or groups. They can often be found in local, state or federal government bodies. The basic education requirement before you can join this profession is a bachelor’s degree and some experience in accounting. They are also expected to be well conversant with the tax codes for the institutions that they work for. As for their salary, the BLS estimate that in 2013, a tax examiner earned an average annual salary of $50,610 while their job is likely to grow at a rate of 4% within the next few years (up to 2022).

Stockbroker

They help traders who deal with stocks, bonds and other securities. At times, stockbrokers are required to give investment advice to individuals and businesses that are new to such markets. The main employers for stockbrokers are individual business persons and business corporations.

While formal education is not a compulsory requirement, most stockbrokers now have a degree in accounting or a related field. To be specific, stockbrokers may consider pursuing degree programs in business management, economics, mathematics or as mentioned earlier, financial accounting. After graduation, most stockbrokers also seek attachments for at least four months in a recognized brokerage firm if they want to get meaningful employment. Additionally, a license from the General Securities Registered Representative might also be a necessary requirement before looking for a job. Finally, the BLS estimates that an average stockbroker earned $72,640 in 2013.

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  • Ranked among the Best Online Bachelor’s Programs by U.S. News and World Report in 2015.
  • Ranked among the Best Online MBA Programs by U.S. News and World Report in 2015.
  • Founded in 1890, it has a campus in Waterbury, CT and offers online degree program in eight-week modules, six times a year.
  • About 800 students are enrolled at the main campus, and about half of them commute.
  • Online courses make it possible for students to earn a bachelor’s degree in as little as 18 months and a master’s degree in 14-24 months.
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
5 Program(s) Found
  • Why Earn Your Degree from GCU?
  • Options: Choose from a variety of undergraduate and graduate degree programs in Business, Nursing, Psychology, Education & more!
  • Convenience: Complete courses online, on campus, or a combination of both!
  • Earlier Graduation: Our 4-credit courses allow you to complete your degree program in less time.
  • Transfer Friendly: We will request your transcripts, evaluate your graduate coursework, and determine your anticipated graduation date within 24 hours.
  • Quality: Grand Canyon University was founded in 1949 and is regionally accredited. Learn more today!
Good for Working Adults
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  • Financial Aid
  • Transferable Credits
1 Program(s) Found
  • Earn your bachelor’s degree, associate degree, or undergraduate certificate online with Penn Foster College.
  • Penn Foster College also offers individual courses online that allow you to earn credits toward a degree or learn new skills. Choose from courses in business, education, math & science, and more.
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  • eLearners.com Helps You Find the Right College within Minutes. 100% Free Match to Top Colleges.
  • Get Matched to the Perfect Business Degree Programs from Top Colleges Here.
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