Education Career Articles

Connect Facebook Connect Twitter Connect Google+ Connect Pinterest Connect Stumbleupon

Governmental Accountant Job Market Outlook

Job Market Outlook September 24, 2013

Whether you apply for a state or federal job, you will find a wide variety of accounting positions. At the federal level, there are thirteen divisions within the Department of Treasury. These divisions deal with economic and tax policy. A large number of accounting jobs are found within the Internal Revenue Service. This is the most common government agency graduating students consider when applying for a federal accounting job.

Not so commonly thought about are accounting positions within The Federal Bureau of Investigations. In actuality, an accounting degree is one of the most preferred qualifications for a job within the Bureau. Other departments include the General Accounting Office and the Armed Services.

Different Kinds of Accounting Jobs

State accounting jobs are also varied and fall into a number of departments. Although each state has a different structure, thereby containing differences in departments as well, all states have their agencies with employees who perform similar functions. Every state has a department of revenue and collects some form of state taxes. They will also have a State Board of Accounts and a Department of Financial Institutions, or similar department. As well as federal and state jobs, there are accounting positions at the county or borough level and for individual cities.

Accounting jobs in general are expected to grow by sixteen percent by the year 2020; a little faster than average for all jobs. Within government agencies, however, there is expected to be a greater concentration in forensic accountants; who investigate fraud.

After the scandal centered around the subprime mortgage practices that caused devastating effects on the economy, the US Government has proposed a number of new regulations related to businesses and finance to keep major industries in compliance with fair practice standards.

These tighter standards increase the importance of audits, controllers who oversee the accounting operations of organizations, and Federal Bureau special agents who investigate white collar crimes, public corruption, financial crime, fraud and bribery.

Other factors play into the increased demand for government accountants. A large number of companies and businesses continue to extend or move their operations overseas. As long as they are US citizens, they are still subject to the same tax laws they would be subject to if they were still living in the United States.

This trend, toward the globalization of business, creates an increased demand for accountants with expertise in International law and who are able to render services related to International trade and International mergers and acquisitions.

The Job Outlook

There are currently over two million people employed in accounting services within the public sector. Because of the credit crisis, many government organizations have extended credit to their banking institutions, guaranteed liability, purchased the debt instruments and in some cases have taken over control of the banks.

This has increased the responsibilities of government agencies for accountability and transparency in their financial dealing.

Although the demand for accountants is high, so is the number of applicants for accounting jobs. Government agencies prefer to hire certified public accountants with a bachelor’s degree in accounting or finance. However, the greatest advantage for securing a government agency job is in securing a master’s degree in business with a concentration in accounting or a master’s in business.

Most government agencies require the successful completion of an entrance exam, as well as an interview. Some positions require a willingness to move on a continuous basis, and in cases, such as with a Treasury Enforcement Agent or an IRS special agent, there can be an element of danger. Keep these points in mind as you continue to grow in this career.

Searching Searching ...

Matching School Ads
5 Program(s) Found
  • Do you have entrepreneurial visions to advance your career in the business world? Learn about the options available at GCU.
  • Earn a competitive bachelor's or master's degree in the areas of business administration, business analytics, accounting, marketing and more.
  • Many of our business degrees have attained elite accreditation from the Accreditation Council for Business Schools & Programs (ACBSP).
  • GCU nurtures the startup spirit, propelling your entrepreneurial visions on a powerful platform with opportunities to help you thrive.
  • Pursue a next-generation education with an online program or join Grand Canyon University's vibrant and growing campus community in beautiful Phoenix, Arizona.
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
2 Program(s) Found
  • Online Bachelor's programs include BBA, Criminal Justice, Psychology, IT, Healthcare Management & Public Health
  • Over 115 years of delivering quality education and personalized attention to students
  • Provide a range of campus experiences and services online including advising, tutoring, student community, and career services
  • Give students and alumni access to career assistants who help with resumes, cover letters, job hunting, and more.
  • We're now Non-Profit.
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Financial Aid
  • Transferable Credits
2 Program(s) Found
  • Designated as a 2015 Military Friendly® School by Victory Media, publishers of G.I. Jobs®.
  • Each program is designed to instill the knowledge, ethical values, and interpersonal skills of professional practice and to foster values of social responsibility.
  • Offers several flexible learning options, including a blended format that combines campus and online learning.
  • Several scholarship opportunities are available for students who qualify.
  • We're now Non-Profit.
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Financial Aid
  • Transferable Credits
  • Looking for an Online Business Degree Program That May Improve Your Career Options?
  • EarnMyDegree.com Can Help You Match Your Educational Goals With Your Desired Career.
  • Whether You Are Looking to Earn a Degree Online, or Study at a Nearby Campus, This Is The Place to Connect With a College That May Be Ideal for You.
  • Browse Through Our List Of Online Colleges and Traditional Schools to Determine Potential Places to Earn a Degree NOW!
  • Online Courses
  • Full Sail’s curriculum combines elements of creativity, art, business and life skills, technical prowess, and academic achievement.
  • Full Sail offers accelerated programs, so a degree that would normally take four years takes 24 months on average.
  • Students work with industry-standard tools and technologies, allowing them to gain practical knowledge and real-world experience.
  • Join us on Facebook, Twitter, YouTube and Instagram to interact with our community, read about grad success, and see campus images.
  • Online Courses
  • Works closely with an advisory board from the medical community to ensure that their curriculum, equipment and instruction are current and relevant.
  • Offers special tuition pricing for Veterans, Active Duty Military and spouses/qualifying dependents of all Active Duty, National Guard and Reserves.
  • ABHES-accredited:  An  advantage upon graduation
  • Short-term education:  Programs range from 10 months to 2 years
  • Blackboard Learn mobile allows students to complete assignments on the go.
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Financial Aid

Searching Searching ...

Matching School Ads
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
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
2 Program(s) Found
  • Earn your Bachelor of Business Administration (BBA) 100% online
  • Learn business and leadership skills through case studies and intensive projects, culminating in a capstone course
  • Program designed to teach students key concepts in accounting, financial services, and marketing
  • South University brings over 115 years of achievement and tradition to a supportive, online classroom
  • We're now Non-Profit.
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Financial Aid
  • Transferable Credits
2 Program(s) Found
  • Designated as a 2015 Military Friendly® School by Victory Media, publishers of G.I. Jobs®.
  • Each program is designed to instill the knowledge, ethical values, and interpersonal skills of professional practice and to foster values of social responsibility.
  • Offers several flexible learning options, including a blended format that combines campus and online learning.
  • Several scholarship opportunities are available for students who qualify.
  • We're now Non-Profit.
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Financial Aid
  • Transferable Credits
  • Looking for an Online Business Degree Program That May Improve Your Career Options?
  • EarnMyDegree.com Can Help You Match Your Educational Goals With Your Desired Career.
  • Whether You Are Looking to Earn a Degree Online, or Study at a Nearby Campus, This Is The Place to Connect With a College That May Be Ideal for You.
  • Browse Through Our List Of Online Colleges and Traditional Schools to Determine Potential Places to Earn a Degree NOW!
  • Online Courses
  • Full Sail’s curriculum combines elements of creativity, art, business and life skills, technical prowess, and academic achievement.
  • Full Sail offers accelerated programs, so a degree that would normally take four years takes 24 months on average.
  • Students work with industry-standard tools and technologies, allowing them to gain practical knowledge and real-world experience.
  • Join us on Facebook, Twitter, YouTube and Instagram to interact with our community, read about grad success, and see campus images.
  • Online Courses

Login to your account

Can't remember your Password ?

Register for this site!