Accountants perform a variety of duties that help companies keep track of their finances. These jobs may include bookkeeping, accounting, and tax preparation. Some accountants also work for government agencies or nonprofit organizations, while others are employed in private industries, such as finance and insurance. In addition to these responsibilities, accountants are often involved in management and advisory roles. They must keep up to date with the latest accounting technology, strategies, and concepts.
Those who have earned a degree in accounting can expect to earn more than those with only a high school diploma or an associate degree. In order to increase their salary potential, many accountants pursue a bachelor’s or master’s degree in business administration, accounting, or finance. While earning a degree, an accountant can also seek professional certifications that demonstrate their proficiency in the industry and help them become more marketable.
The Bureau of Labor Statistics reports that the median annual wage for accountants was $71,550 in May of 2019. Senior accountants can make well over six figures, especially if they are CPA certified or work at large accounting firms. Some specialized accounting positions, such as tax accountants and public accountants, can earn even more. In addition to earning a good income, many accountants also enjoy excellent benefits packages that include free healthcare and 401(k) plans. Some accountants may even receive additional vacation days, depending on their employer and the size of their company. Those looking to advance in the field can do so by changing employers or earning advanced degrees. Entry-level accountant pay