If your favorite childhood toy was your piggy bank or if you have an undying love for the game Monopoly - especially playing the role of banker - the accounting and finance field may be perfect for your numerical nature. People who earn their accounting and finance degree can enjoy a career that is both rewarding and versatile. The accounting and finance field is growing, and career opportunities are endless for those with a degree in accounting and finance. If you have an eye for detail and enjoy making things balance, then this may be the career track for you.
Every business and industry requires accounting and finance employees to ensure that the books are balanced and the company remains profitable. Accountants perform various duties, depending on the nature of their position and the company. However, one thing is always consistent - accountants handle money. Making sure the numbers are correct is a substantial portion of an accountant and finance professional’s job. Accountants, clerks and bookkeepers, among other accounting and finance professionals, have a direct impact on the financial well-being of their company or organization.
Careers in accounting and finance generally pay well. The salary range is quite wide, depending on the specific accounting position. The US Department of Labor's Bureau of Labor Statistics tracks this data and has for quite some time. Looking at the trend, accountant salaries look to be on the rise.
2012 Data: Accountants and Financial Managers
BLS data from 2012 states that accountants and auditors make a median salary of $63,550, with a range of $39,930 for the lowest 10% up to $111,510 for the top 10%. Those in Finance and Insurance make the most, at $66,530 media pay.
2004 Data: Accountants and Financial Managers
According to the U.S. Department of Labor, first-year accountants and auditors usually make between $28,250 and $45,000 per year. The middle 50 percent of financial managers generally earn between $59,490 and $112,320 annually.
Accounting Schools and Finance Schools
A Bachelor's degree in accounting, business administration, finance or economics is the minimum academic requirement for many accounting and finance jobs. Some employers prefer Master’s degrees while others value past experience over degrees. Whether you decide to go through an accounting training program at a career college, go through a four-year accounting and finance program to obtain your Bachelor’s degree, or go even further to get your Master’s degree in accounting and finance, this field is growing, and people with the right skills are in demand.
Make your enjoyment for number crunching, attention to detail and strong organizational skills work for you. Get the accounting and finance training needed to start your career!