In the business world, organizations are always looking at the bottom line to remain competitive, and few careers are so directly linked to those all-important bottom line numbers as those in accounting.
Accounting career paths fall into 3 main categories: public, private and governmental accounting. On average, accountants with a bachelor's degree earned $63,550 per year as of 2012, according to the Bureau of Labor Statistics (BLS), with median incomes climbing over $100,000 per year for higher-level accountants. Let's browse through 8 of the top accounting career paths.
Accounting teachers get to share a love for their subject matter with students, helping to shape the future of the field and guiding young minds in the quest for a solid career.
Accountants who especially enjoy working one-on-one with people can enter the field of financial planning. According to the BLS, this is a high-growth field that can be entered with a bachelor's degree. With a master's degree, the chances for advancement increase.
Chief Financial Officer
Top executives made a median income of $101,650 per year as of 2012. The median annual wage for a chief executive, a CFO, as of May 2012 was $168,140, according to the BLS. This position typically requires many years of experience as well as an advanced degree.
FBI Special Agents
As a Special Agent in the FBI, an accountant can play a key role in bringing criminals to justice. A Special Agent leads an investigation into cases such as fraud and presents findings in court.
Many companies value the added layer of security offered by having an external audit performed. An external auditor enjoys the flexibility of working in new environments and meeting new people as he or she reviews the work that internal auditors have done.
While the BLS describes Tax Examiners, Collectors and Revenue Agents as jobs that are slightly on the decline due to government budget constraints, these jobs can be expected to remain until the unlikely event that taxes are abolished. A bachelor's degree is considered the minimum education level for these careers, but additional education can help you to grow your career.
With a median annual income of $109,740, competition is fierce for positions in the Financial Management field. According to the BLS, a master's degree increases your chances for attaining one of these coveted positions.
The right education can put you in the right position to work toward the accounting career you want. Get a foothold on your accounting career path by starting or continuing your education right now!
Sources: NJSCPA | BLS