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Salary Information for Accountants

Career News October 27, 2013

Accountants are usually at a CPA (Certified Public Accountant) level. They prepare balance sheets, profit and loss summaries, and any other financial reports that might be needed. They also have additional responsibilities over a bookkeeper. They analyze costs, revenue, liabilities, and other data and recommend actions to their clients. They will usually offer suggestions on topics such as tax strategy, resource utilization, and other budget issues.

Accountants make slightly more money than the average bookkeeper or office worker, taking in a median annual salary of $62,000. The lowest earners, about ten percent of the total number, earned $39,000. The ten best earners, in this field, make $109,000. It is no coincidence that the federally employed accountants earn the most money, as they deal with complex issues such as securities and commodities, and other forms of investment.

Naturally, big cities with big business have the highest capacities for salaries; New York, San Jose, and even Nassau, New York have been cited as popular spots for high paying accounting jobs. Corresponding with accountancy positions, other titles related to this profession include marketing managers, financial analysts and Human Resource specialists.

Economic Factors of the Accounting Job

The industry for accountants is set to grow 17 percent over the next decade, particularly for accountants who are capable of presiding over financial operations. Companies don’t merely want accounting work done, but want financial experts who can protect them from corporate scandals and avert other forms of legal disaster. There are stricter laws being passed every year, and this means more attention to detail is required—the specialty of a skilled accountant.

Educational Prerequisites

The title of Certified Public Accountant is trusted in the industry, as this indicates an auditor-accountant who has earned professional recognition for knowing the law and the standards of business. This title usually is preceded by a master’s degree, and with a concentration in the subject of accounting. A bachelor’s degree may suffice, but competition is high.

Travel is an underestimated part of the job, and many companies are willing to pay extra salary for a cooperative employee, or independent consultant, who can travel to their place of business. Tax preparation services are at the top of the industry, followed by insurance, finance, and government agencies. Chances are, at 24 percent of the total, you may find an accounting job, in tax preparation, among your first opportunities.

Specializing in an area of business and bringing your CPA accountancy skills to that niche is a smart idea for instantly conveying value to your employer. Some accountants choose to specialize in forensic work, bankruptcy, contract disputes, and management.

Government accountants have their own unique opportunity, as they work for government agencies and audit private businesses, to ensure compliance. The Institute of Internal Auditors defines professional standards, by which all accountants abide and show themselves as part of the legitimate accounting industry, being advantageous to your career.

By taking your education seriously now, you stand to gain a lifetime of opportunity, even as the job market fluctuates. It can be done with a little perseverance and a clearly defined career path.

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1 Program(s) Found
  • Named a Best for Vets school by the Military Times in 2014.
  • Has specialized in student-centered technology, business, criminal justice, health science, and culinary education for over 45 years.
  • Makes it possible for students to earn a bachelor’s degree in 2.5 years or an associate’s in 1.5 years by providing a year-round schedule.
  • Offers externships and clinical experience that help students prepare for life after they graduate.
  • Has 10 campuses across the mid-Atlantic, plus online degree programs.
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
4 Program(s) Found
  • Apply current theory to understand buyer behavior, define target markets, identify and evaluate market segments, and demonstrate knowledge of the marketing mix in all functional marketing areas.
  • Use market research tools and procedures to estimate market potential, conduct exploratory and descriptive research, forecast demand, and communicate research findings effectively.
  • Demonstrate a working knowledge of the technological, web-based, and global developments that are changing the scope of the marketing discipline.
  • Apply current digital technologies or web-based solutions into marketing planning.
  • Demonstrate analytical and critical-thinking skills with direct application to business/marketing environments.
  • Determine appropriate practices and strategies for ethical marketing decision-making and behavior.
  • Online Courses
  • Financial Aid
  • Transferable Credits
4 Program(s) Found
  • Ranked among top Regional Universities in the South by U.S. News and World Report in 2015.
  • Ranked 37th among the Best Colleges for Veterans by U.S. News and World Report in 2015.
  • Stands as the largest private, nonprofit university in the nation with 100,000+ students.
  • Offers over 230 programs online, from the certificate to the doctoral level.
  • Has a student-faculty ratio of 25:1, and 42.3% of its classes have fewer than 20 students.
Show more [+]
  • Accredited
  • Online Courses
  • Financial Aid
  • Transferable Credits
5 Program(s) Found
  • Average class size is 25, allowing for more one-on-one time with instructors.
  • Has a 97% employment rate among available graduates.
  • All  graduates receive Lifetime Employment  Assistance—free and forever.
  • Michigan's largest independent college.
  • Most instructors are working professionals in the fields they teach.
  • Programs are continuously updated to ensure classes are career-relevant and in sync with what's needed in the industry
Show more [+]
  • Accredited
  • Online Courses
  • Accelerated Programs
  • Financial Aid
4 Program(s) Found
  • Available business concentrations include Accounting, Economics, General Management, Marketing, and Human Resource Management.
  • Ranked among the Best Online MBA and Online Graduate Business Programs in 2016 by U.S. News & World Report.
  • Programmatic accreditation provided by the Accreditation Council for Business Schools and Programs (ACBSP).
  • Regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC).
  • Online Courses

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