A top bachelor’s degree in accounting can open doors for a multitude of diverse career options. Graduates with an accounting degree can also look forward to higher than average field growth rates and salaries, which makes this degree an excellent return on its investment. These are some of the interesting and highest paying careers for accounting majors.
Forensic accountants produce audits of company, government or non-profit records to determine liability, fraud and valuation. These are the people who determine if a company or entity commits fraud in its bookkeeping, provides evidence for court cases, produces calculations for insurance companies to determine amounts owed and computes estate tax valuations. Although this position does not require a graduate degree, like other public accounting positions, forensic accountants do need to hold a Certified Public Accountant license or Certified Fraud Examiner license. The median salary for licensed forensic accountant is over $105,000.
The work of management accountants involves completing and compiling computational analysis to define overall business strategy. This includes using information outside of actuarial data to advise on business objectives, including marketing trends or public policy. In many cases, management accountants use leadership skills to supervise other accountants. A career as a management accountant uses both accounting knowledge and business management acumen. Both public and private entities need management accountants across the world, making this a high demand field with a median average salary of over $100,000 for those who hold a Certification in Management Accounting.
A degree in accounting can also lead to a career as a financial analyst. In this position, accountants determine the risks and benefits of investment activities, including both selling and buying investments. Job duties can include examining financial gain and loss of specific stocks, mutual funds, estates and other investment types. Financial analysts prepare reports and make recommendations based on analyzed data and market trends on whether clients should engage in purchasing or selling an investment holding. Most financial analysts must hold a license from the Financial Industry Regulatory Authority after commencing employment. The median salary for financial analysts is approximately $81,000.
Accounting majors can combine their passion for numbers with a passion for the environment in a career as an environmental accountant. By analyzing impacts on the environment from company decisions and the overall environmental impacts, environmental accountants produce reports and make recommendations for projects and business or governmental decisions. These accountants can also determine fiscal impacts of new regulations or perform cost-benefit analyses to determine the fiscal strength of a project. The exact nature of the job duties depends on the needs of the company. The median salary for this position is $65,000.
Personal Financial Adviser
A personal financial adviser helps individuals and families make the best financial decisions to achieve their goals and prepare for the future. Advisers help setup retirement plans and accounts, such as IRAs, education funds, or other accounts that align with client goals. In the event of major life changes like divorce or the birth of a child, people seek personal financial advisers to analyze their existing financial situation and recommend the products and financial commitments to achieve their goals. Personal financial advisers earn a median salary of about $90,000.
While many students wonder what they can do with a degree in accounting, the answer shows that many options are available depending on the interests of the student. No matter which career field is personally more interesting, a degree in accounting does prepare students for stable careers. These career opportunities reflect the wide range of possibilities. And with the possibility of earning a top bachelor’s in accounting online, these careers are more achievable than ever.