Graduates with a degree in accounting have many different career choices. They can become employed as a controller, treasurer, financial officer, or even a credit manager. In this broad field, graduates can work in almost every kind of business from banks and other financial institutions to government agencies or insurance companies. Good accountants are needed everywhere.
Strong Employment Outlook in Business Accounting
The business accounting field has a great employment outlook. The United States Bureau of Labor Statistics projects that job growth in the field of financial management will be around eight percent between now and 2018. This is faster than average. Much of this growth will come as new businesses are created and more banks hire managers as they open new branches.
Great Salaries Available in Business Accounting
Those with degrees in accounting can make excellent salaries. Those with master's degrees and their CPA, Certified Public Accounting License, make the highest salaries. According to the Occupational Outlook Handbook, accountants make on average salaries between $72,000 and $135,000 annually. Those employed in the securities and commodity contracts field made the highest average salaries. Those employed in the depository and credit industries made the lowest. Insurance carriers paid their financial managers on average about $110,000 annually. Local governments paid around $78,000 annually.
Great Degree Programs Available in Business Accounting
Colleges have several different degree programs available in the field of business accounting. These degrees include associate's degree (2 years of study), bachelor's degree (4 years of study) and master's degree (2 years beyond bachelor's degree). Some schools also offer programs that assist students in preparing to take the exam to obtain their CPA license. Many of these degree programs are available online so students can study anywhere and anytime.
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