What Jobs Can You Get With a Cpa License
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 yr stood at $38,640. Additionally, the BLS projects that bookkeeping jobs volition increase by ten% betwixt 2022 and 2026, resulting in roughly 140,000 jobs. Accounting jobs should remain in high demand due to a continuing need for qualified experts to handle complex fiscal and taxation-related matters for organizations and individual clients.
According to the Bureau of Labor Statistics (BLS), accountants and auditors earned a median almanac salary of $seventy,500 in 2018.
Although candidates need a bachelor's caste for most 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's tin also aid employees advance in their careers and increase their salaries. This guide explores potential career pathways for graduates with an accounting main's degree. Read on to learn more nigh these main's in accounting jobs.
What is a Master's Caste in Accounting?
According to U.South. News & Earth Report, the master'southward in accounting often includes coursework in areas such as financial accounting, concern IT, revenue enhancement, and statistics. These programs besides introduce students to various legal and ethical guidelines related to financial reporting. Unlike the bachelor's in accounting, master's programs besides focus on academic inquiry related to the profession.
About programs accept students 2 years or less. Yet, students who plan to become certified professional accountants (CPAs) may choose a combined bachelor's and primary'due south in accounting pathway. These five-yr programs help graduates authorize for CPA certification, since many states require CPA candidates to consummate at least 30 credits beyond their bachelor's.
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Top Jobs for Master'south in Accounting Graduates
Below, y'all'll find six accounting career opportunities. These roles often require a principal'southward in bookkeeping or additional piece of work experience beyond the bachelor's level. Each profile includes a rundown of duties and responsibilities, along with current median salaries.
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Corporate Controller
Corporate controllers manage their organization'south financial and accounting operations, such every bit billing, accounts, and budgeting. They typically manage a team of personnel and may aid in filing reports with the Securities and Exchanges Commission.
Core Responsibilities: Issue financial statements and upkeep forecasts, collect on accounts payable, consult with the master financial officer (CFO) and other executives.
Median Annual Bacon: $96,444
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Financial Controller
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Senior Accountant
Senior accountants oversee their system'due south accounting department. They also manage finances for their employer and must ensure all company statements and reports are accurate and upwardly to date. Most senior accountants hold a principal's degree.
Core Responsibilities: Manage junior accountants and other subordinates, see with executive personnel, review and validate financial statements and reports.
Median Almanac Bacon: $66,666
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Bookkeeping Director
Accounting managers develop, exam, and evaluate new systems for validating and reporting financial information. They may also ready budget reports and assist with new employee on-boarding. Qualifications vary by company, but accounting managers typically hold a principal's degree in accounting or finance.
Core Responsibilities: Interview candidates and train new hires, set and submit financial reports, manage low-level accounting personnel.
Median Annual Salary: $seventy,069
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Senior Financial Annotator
Senior fiscal analysts analyze data and summate risk to consummate projects and make financial decisions for their organization. Equally managerial staff, they may likewise screen, hire, and train new employees. Most employers prefer to hire senior financial analysts with a master's degree.
Core Responsibilities: Perform take a chance assessments based on statistical data, manage mid- and low-level analysts, assist with recruitment and hiring.
Median Annual Salary: $79,447
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Senior Auditor
Senior auditors clarify an organization'south financial records and transactions to ensure everything is authentic and compliant with applicable tax regulations. These professionals typically manage staff auditors and other subordinates. Although senior auditor positions require a bachelor'southward degree, most employers prefer candidates with a master'southward.
Cadre Responsibilities: Oversee company audits of financial data, encounter with organizational leaders to discuss findings, recruit and hire staff auditors.
Median Annual Bacon: $68,726
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Taxation Accountant
Tax accountants set up and file taxation documents for individuals or organizations and also meet with clients to discuss and explicate circuitous financial matters. They possess a firm understanding of state and federal tax regulations. A master'south degree in accounting with a concentration in taxation is frequently preferred.
Core Responsibilities: Set and submit tax forms, use strategies that maximize deductions and decrease tax liability, interpret tax laws and regulations.
Median Annual Salary: $56,327
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Finance Director
Finance managers oversee their organization'south different departmental budgets. They analyze marketplace data to make forecasts managers consider when making financial decisions. Many companies hire finance managers with a chief'due south caste in accounting, 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 financial personnel.
Median Almanac Salary: $90,044
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Source: https://www.accounting.com/resources/top-jobs-masters-in-accounting/
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