What Can I Do With an Accounting Degree

According to the Bureau of Labor Statistics (BLS), accountants and auditors earned a median annual salary of $70,500 in 2018. By comparison, the median earnings for all occupations that year stood at $38,640. Additionally, the BLS projects that accounting jobs will increase past 10% between 2022 and 2026, resulting in roughly 140,000 jobs. Accounting jobs should remain in high need due to a standing need for qualified experts to handle complex financial and tax-related matters for organizations and individual clients.

According to the Bureau of Labor Statistics (BLS), accountants and auditors earned a median almanac salary of $70,500 in 2018.

Although candidates need a bachelor'southward degree for nigh accounting jobs, the BLS notes that many employers prefer to hire candidates with a master's caste in bookkeeping or a related field. The master'due south can also help employees accelerate in their careers and increase their salaries. This guide explores potential career pathways for graduates with an accounting chief's degree. Read on to learn more about these master's in accounting jobs.

What is a Master'southward Degree in Bookkeeping?

According to U.Due south. News & World Report, the master'southward in accounting often includes coursework in areas such as financial bookkeeping, business organization Information technology, revenue enhancement, and statistics. These programs also innovate students to diverse legal and ethical guidelines related to financial reporting. Unlike the bachelor's in accounting, main's programs as well focus on academic research related to the profession.

Virtually programs take students two years or less. However, students who plan to become certified professional accountants (CPAs) may choose a combined bachelor's and master'south in accounting pathway. These v-year programs aid graduates qualify for CPA certification, since many states require CPA candidates to complete at least 30 credits beyond their bachelor's.

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Top Jobs for Master's in Accounting Graduates

Below, you'll find vi accounting career opportunities. These roles often require a master's in accounting or additional work experience beyond the available'south level. Each contour includes a rundown of duties and responsibilities, forth with current median salaries.

• Corporate Controller

  Corporate controllers manage their organisation's financial and accounting operations, such as billing, accounts, and budgeting. They typically manage a squad of personnel and may assistance in filing reports with the Securities and Exchanges Commission.

  Core Responsibilities: Issue financial statements and budget forecasts, collect on accounts payable, consult with the chief financial officer (CFO) and other executives.

  Median Annual Salary: $96,444

• Financial Controller

• Senior Accountant

  Senior accountants oversee their organization's accounting department. They also manage finances for their employer and must ensure all company statements and reports are authentic and upward to engagement. Virtually senior accountants concord a primary'due south degree.

  Cadre Responsibilities: Manage junior accountants and other subordinates, meet with executive personnel, review and validate financial statements and reports.

  Median Almanac Salary: $66,666

• Accounting Director

  Accounting managers develop, examination, and evaluate new systems for validating and reporting fiscal data. They may too gear up upkeep reports and assistance with new employee on-boarding. Qualifications vary by visitor, just accounting managers typically hold a master's degree in accounting or finance.

  Core Responsibilities: Interview candidates and railroad train new hires, set and submit financial reports, manage low-level accounting personnel.

  Median Almanac Salary: $70,069

• Senior Financial Analyst

  Senior financial analysts clarify data and calculate risk to consummate projects and make fiscal decisions for their arrangement. As managerial staff, they may also screen, hire, and train new employees. Nearly employers prefer to rent senior financial analysts with a master's degree.

  Core Responsibilities: Perform risk assessments based on statistical data, manage mid- and low-level analysts, assist with recruitment and hiring.

  Median Annual Salary: $79,447

• Senior Auditor

  Senior auditors clarify an arrangement's fiscal records and transactions to ensure everything is accurate and compliant with applicable taxation regulations. These professionals typically manage staff auditors and other subordinates. Although senior auditor positions require a bachelor's degree, most employers prefer candidates with a master's.

  Core Responsibilities: Oversee company audits of financial information, meet with organizational leaders to discuss findings, recruit and hire staff auditors.

  Median Annual Bacon: $68,726

• Tax Accountant

  Tax accountants gear up and file tax documents for individuals or organizations and also encounter with clients to discuss and explicate complex financial matters. They possess a firm understanding of country and federal tax regulations. A chief's caste in accounting with a concentration in tax is oft preferred.

  Core Responsibilities: Prepare and submit tax forms, use strategies that maximize deductions and decrease revenue enhancement liability, interpret tax laws and regulations.

  Median Almanac Salary: $56,327

• Finance Managing director

  Finance managers oversee their system'due south different departmental budgets. They analyze market information to make forecasts managers consider when making financial decisions. Many companies hire finance managers with a master's caste in bookkeeping, along with a CPA certification.

  Core Responsibilities: Meet with organizational leaders to discuss budgetary spending, write and submit budget reports for different departments, manage other fiscal personnel.

  Median Annual Bacon: $xc,044

Explore More Accounting Careers

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Source: https://www.accounting.com/resources/top-jobs-masters-in-accounting/