How to Become an Accounting Manager: Salary & Career Paths for 2025

by Imed Bouchrika, Phd

Co-Founder and Chief Data Scientist

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Many finance professionals feel stuck in mid-level roles and don’t know how to advance into leadership positions like accounting manager. Without a clear roadmap, it’s easy to miss opportunities for advancement or delay career growth altogether.

The average salary for accounting managers in the U.S. is projected to reach $104,000, reflecting growing demand for experienced professionals. This article explains how to become an accounting manager, what the job pays, and the steps to get there. It’s based on expert career planning insights and will help readers confidently pursue and prepare for this rewarding leadership role.

Key Things You Should Know About Becoming an Accounting Manager

• Accounting managers oversee financial reporting, budgeting, compliance, and lead teams to ensure accurate financial records and strategic support.
• A bachelor’s degree in accounting or a related field is essential, with some roles requiring a master’s degree for further qualification.
• Candidates typically need 5-7 years of experience in accounting, including management exposure and knowledge of financial reporting and auditing.
• While not mandatory, certifications like CPA, CMA, or CIA enhance career prospects and are often preferred by employers.
• The median salary for accounting managers is estimated between $95,000 and $115,000 annually, with variations based on location, experience, and industry.

Table of Contents

1. What does an accounting manager do?
2. What education is needed to become an accounting manager?
3. What experience is required for accounting manager roles?
4. Do accounting managers need certifications?
5. How much do accounting managers make in 2025?
6. What is the career path to becoming an accounting manager?
7. How do accounting managers compare to similar roles?
8. Is an affordable online accounting degree beneficial for career growth?
9. Can affordable online education accelerate the path to accounting management?
10. What strategies can accounting managers use to secure high-paying roles?
11. What industries hire the most accounting managers?
12. What are the best skills for accounting managers in 2025?
13. How can students prepare now for accounting management roles?

What does an accounting manager do?

An accounting manager oversees a company’s financial reporting, budgeting, and compliance processes to ensure accurate and timely financial records.

They supervise accounting staff, manage month-end and year-end closings, and ensure all financial reports comply with regulations and internal policies. Accounting managers often coordinate audits, review journal entries, and analyze financial data to support strategic decisions. They also implement internal controls to reduce errors and prevent fraud.

In addition, they may collaborate with other departments like finance, HR, and operations to align budget goals and support organizational growth. Leadership, analytical thinking, and attention to detail are key traits for success in this role.

Accounting managers usually jumpstart their careers as accountants or bookkepers. But what's the difference between a bookkeeper vs accountant? We have a separate article that lays out the answers.

What education is needed to become an accounting manager?

A bachelor’s degree in accounting or a related field is the minimum education required to become an accounting manager.

Most employers expect candidates to have completed coursework in financial accounting, managerial accounting, auditing, and business law. Degrees in finance, business administration, or economics may also be acceptable if they include strong accounting foundations. Some roles may prefer or require a master's degree, such as a Master of Accountancy (MAcc) or an MBA with a focus on accounting.

Accredited programs that prepare students for certification exams like the CPA or CMA can strengthen a candidate’s qualifications and improve career prospects.

If economics is more up your alley and you would want to concentrate on this area for your MBA, then a career as an economist is worth exploring. Simply check out these economist requirements.

What experience is required for accounting manager roles?

To qualify for an accounting manager position, candidates typically need significant experience in accounting or finance. This usually includes at least 5-7 years of hands-on experience, often starting as an accountant or senior accountant. The experience should cover a range of tasks like financial reporting, budgeting, forecasting, and compliance.

Exposure to managing teams, overseeing accounting departments, or coordinating audits also strengthens a candidate's application. Many companies prefer candidates with experience in specific accounting software and advanced knowledge of financial regulations and tax laws.

While roles in finance remain competitive, many professionals also explore related fields and ask, is medical billing and coding in demand—a question that reflects the growing interest in versatile career paths within the broader business and healthcare industries.

Do accounting managers need certifications?

While certification is not always mandatory, obtaining professional certifications can enhance an accounting manager’s career prospects and earning potential. Common certifications include:

• Certified Public Accountant (CPA). Widely recognized and often required for higher-level accounting positions, especially in public accounting firms.
• Certified Management Accountant (CMA). Focuses on management accounting, which is directly relevant to accounting manager roles.
• Certified Internal Auditor (CIA). Useful for those working in industries with a strong internal audit focus.

Having a certification shows dedication to the profession and can provide a competitive edge in job markets. Additionally, professionals interested in a deeper understanding of human behavior in organizations may explore educational paths like an online PhD industrial organizational psychology, which can complement a career in management or accounting by providing insight into workforce dynamics.

How much do accounting managers make in 2025?

On average, accounting managers typically earn between $75,000 and $120,000 per year. However, in high-cost areas or large companies, salaries can go higher, with some accounting managers earning over $150,000 annually.

Based on the U.S. Bureau of Labor Statistics (BLS) data, the median annual wage for accountants and auditors is $79,880. Accounting managers typically earn more than the general category of accountants due to their higher level of responsibility, experience, and managerial duties.

Additionally, the BLS reports that financial managers, who often oversee accounting functions, had a median annual wage of $156,100 in May 2023. This suggests that accounting managers, depending on their responsibilities and experience, can expect salaries within this range.​

What is the career path to becoming an accounting manager?

The career path to an accounting manager role typically follows a progressive sequence of roles:

• Entry-Level Accountant: Typically, candidates begin as junior accountants or accounting assistants, handling tasks such as bookkeeping, preparing financial statements, and maintaining ledgers.
• Senior Accountant: After 2-4 years, professionals move up to senior accountant roles, where they take on more complex tasks like handling audits and analyzing financial data.
• Accounting Supervisor/Team Lead: Some may transition into supervisory roles, managing small teams or specific accounting functions.
• Accounting Manager: With years of experience and possibly certifications, professionals step into the role of accounting manager, where they oversee accounting operations and manage teams.
• Controller/Director of Accounting: For those pursuing further growth, the next step might involve becoming a controller or director of accounting, overseeing an entire finance department or division. A role as chief financial officer is also not far off. What does a CFO do? Read our article on this particular topic.

How do accounting managers compare to similar roles?

Accounting managers are responsible for overseeing financial reporting, budgeting, and compliance within an organization, but they are often compared to similar roles such as finance managers, controllers, and senior accountants. Here’s how these roles differ:

Accounting Manager vs. Finance Manager

An accounting manager typically focuses on the company’s financial records, ensuring they comply with accounting standards and regulations. They handle tasks such as managing accounts payable/receivable, preparing financial statements, and overseeing audits.

In contrast, a finance manager is more concerned with the financial strategy of the organization. They manage investment decisions, financial forecasting, and long-term budgeting, aligning financial strategies with business goals. While both roles involve financial oversight, the finance manager’s responsibilities tend to be more strategic, while the accounting manager’s work is more operational and focused on compliance.

Accounting Manager vs. Controller

A controller has a broader role than an accounting manager, overseeing the entire accounting department. Controllers are responsible for the company’s overall financial reporting, internal controls, and accounting systems. They often report directly to senior management and are involved in high-level decision-making.

Accounting managers, on the other hand, typically focus on supervising the day-to-day accounting functions, such as managing a team of accountants and ensuring the accuracy of financial records. While controllers oversee a larger scope of financial operations, accounting managers concentrate on execution and reporting accuracy within their departments.

Accounting Manager vs. Senior Accountant

A senior accountant is generally a more specialized role focused on the technical aspects of accounting, such as preparing financial statements, performing reconciliations, and ensuring compliance with accounting standards. Senior accountants may work under the supervision of an accounting manager.

Accounting managers, however, are responsible for managing the accounting team and overseeing the broader financial processes. They act as leaders and often handle more strategic tasks like reviewing and approving reports, conducting performance evaluations, and ensuring that all accounting functions run smoothly.

For those interested in pursuing a career with managerial oversight, pursuing an easiest construction management degree could be a comparable route for individuals wanting to oversee large-scale projects, while gaining managerial and operational expertise.

Is an affordable online accounting degree beneficial for career growth?

In today’s dynamic business landscape, pursuing an online education can serve as a strategic tool for career advancement. An affordable online accounting degree offers flexibility, cost-efficient coursework, and access to digital learning resources that are aligned with current industry standards. This mode of study enables aspiring managers to acquire essential knowledge in emerging financial technologies and regulatory practices while balancing professional responsibilities. Moreover, tailored online programs are increasingly recognized by employers for their rigor and practical relevance in preparing leaders for evolving accounting challenges.

Can affordable online education accelerate the path to accounting management?

Affordable educational pathways can offer a critical stepping stone for individuals aiming to advance into accounting management roles. Accessible programs help build a strong foundation in accounting principles without the financial burden of traditional education, while providing practical skills that are directly applicable in managerial settings. For example, enrolling in cheap online accounting associate degree programs can equip aspiring professionals with essential knowledge and hands-on experience early in their careers. This strategy not only minimizes debt-related concerns but also highlights a commitment to continuous learning and adaptability in a rapidly changing financial landscape.

What strategies can accounting managers use to secure high-paying roles?

Accounting managers aiming for top compensation should adopt a multifaceted strategy that emphasizes market research, advanced skill development, and effective negotiation. First, benchmarking current market trends and salary data—such as those available for the highest paid accountant—enables professionals to set realistic expectations and form a strong case during salary discussions. Second, enhancing leadership capabilities through targeted professional certifications and continuous training in emerging financial technologies can significantly elevate one’s profile. Third, proactive networking with industry experts and strategic participation in professional associations help uncover hidden opportunities and provide valuable insights into compensation standards. Lastly, engaging in regular performance reviews and documenting measurable contributions can empower accounting managers to negotiate competitive offers and secure roles that reflect their true market value.

What industries hire the most accounting managers?

Several industries are known for hiring accounting managers, with finance and manufacturing being the top contenders:

• Finance and Insurance. This sector requires accounting managers to handle complex financial transactions, regulatory compliance, and reporting.
• Healthcare. Due to its complex billing systems and regulatory requirements, healthcare organizations often seek skilled accounting managers.
• Manufacturing. This sector involves large-scale operations with extensive cost tracking, supply chain management, and financial reporting needs. You may also gun for a product manager post and put your accounting skills to good use.
• Government and Non-Profit. Accounting managers are also needed to handle public sector financials, grants, and compliance issues.
• Technology. The fast-paced nature of the tech industry requires accounting managers to stay on top of financial reporting, budgeting, and strategic planning.

In addition to these industries, some individuals may look into trade school careers list and salaries to explore alternative paths in the broader business and finance fields, where shorter educational routes can also lead to managerial roles.

What are the best skills for accounting managers in 2025?

The best accounting managers will need a blend of technical accounting skills and leadership abilities. Key skills include:

• Technical Accounting Knowledge. Expertise in GAAP (Generally Accepted Accounting Principles), IFRS (International Financial Reporting Standards), and industry-specific regulations.
• Leadership and Team Management. The ability to lead, mentor, and manage accounting teams efficiently.
• Advanced Financial Analysis. Strong skills in interpreting financial data, forecasting, and budgeting.
• Problem-Solving and Critical Thinking. Accounting managers must be able to troubleshoot complex financial issues.
• Communication. Effective communication skills are crucial for presenting financial reports to senior management and collaborating with cross-functional teams.
• Familiarity with Accounting Software. Proficiency in advanced accounting tools and ERP systems (e.g., SAP, Oracle, QuickBooks) is essential.
• Adaptability. As the financial landscape evolves, being adaptable to new technologies, methodologies, and regulations is key.

Keeping up with emerging trends such as automation in accounting and the use of AI for financial analysis will be essential for success in this role.

How can students prepare now for accounting management roles?

To successfully prepare for accounting management roles, students should take a proactive approach by focusing on both academic and professional development.

Internships and Practical Experience

Gaining hands-on experience early on is crucial for students. Internships in accounting firms or corporate finance departments allow students to apply theoretical knowledge in real-world settings. These experiences not only help in understanding day-to-day tasks but also provide insights into the responsibilities of accounting managers, such as budgeting, financial reporting, and compliance. 

Networking and Professional Associations

Building a professional network is another important aspect of preparation. Joining accounting-related student organizations and attending events hosted by professional associations like the AICPA (American Institute of CPAs) or IMA (Institute of Management Accountants) helps students connect with professionals in the industry. 

Academic Focus and Certification

A solid academic foundation is essential, particularly in key accounting courses such as financial accounting, management accounting, auditing, taxation, and business law. Pursuing certifications like the CPA (Certified Public Accountant) or CMA (Certified Management Accountant) even during or shortly after college can significantly enhance a student’s qualifications. Additionally, students may consider exploring the cheapest online masters in accounting to further their education and gain advanced skills that are highly valued in management roles.

Developing Soft Skills

In addition to technical skills, accounting managers need strong communication, leadership, and problem-solving abilities. Students should seek out opportunities to develop these soft skills, such as taking on leadership roles in student organizations or participating in team-based projects. Accounting managers often interact with various departments, so being able to communicate complex financial information in an understandable way is key.

Here’s What Graduates Have to Say about Becoming an Accounting Manager

Becoming an accounting manager allowed me to have a higher salary, and the leadership responsibilities have been fulfilling. I enjoy being able to influence key financial decisions and guide my team. – Olivia

The challenge of overseeing larger projects and managing a team has made me a stronger leader, and knowing I can make a real impact on the company's financial health is rewarding. – Ethan

As an accounting manager, the ability to shape the company's financial direction while also nurturing my team's development has been fulfilling and motivating. – Rei

Key Findings 

• The average annual salary for accountants in the US is $79,880.
• Entry-level accounting managers earn an average of $58,100 per year.
• Among the listed business and financial occupations, Financial Analysts have the highest median annual salary at $99,890.
• 41% of accountants are using AI to automate workflows, indicating a significant shift towards tech-driven efficiency in the accounting profession.
• The largest employer of accountants and auditors is the accounting, tax preparation, bookkeeping, and payroll services industry, employing 23% of professionals in this role.

Other Things You Should Know About Becoming an Accounting Manager

Do you need a CPA to be an accounting manager?

No, a CPA is not always required to become an accounting manager, but it can significantly enhance career prospects. While a bachelor's degree in accounting is the minimum requirement, having a Certified Public Accountant (CPA) certification can improve qualifications and demonstrate expertise, particularly in roles that involve more complex financial reporting or auditing. Many employers may also prefer or require other certifications like CMA (Certified Management Accountant).

Is accounting manager higher than accountant?

Yes, an accounting manager is generally considered a higher-level role than an accountant. While accountants focus on specific tasks like preparing financial statements and maintaining records, accounting managers oversee the entire accounting department, manage teams, and ensure compliance with regulations. They also play a more strategic role in financial decision-making and reporting.

What is the role of the account manager?

An account manager is responsible for managing client relationships and ensuring customer satisfaction within a business. Unlike accounting managers, who focus on financial operations, account managers work closely with clients to understand their needs, resolve issues, and ensure that the services provided meet or exceed expectations. They often act as the liaison between clients and various company departments.

What is the qualification of an accounting manager?

The qualifications for an accounting manager typically include a bachelor's degree in accounting or finance, with some positions requiring a master's degree or certifications like CPA or CMA. Additionally, most employers expect candidates to have at least 5-7 years of experience in accounting or finance roles, along with strong leadership, organizational, and analytical skills. Experience with accounting software and knowledge of financial regulations are also important.

References:

• Karbon. (2025). The state of AI in accounting report 2025. Karbon. 
• U.S. Bureau of Labor Statistics. (2024). Accountants and auditors: Occupational outlook handbook. U.S. Department of Labor. 
• U.S. Bureau of Labor Statistics. (2024). Business and financial occupations: Occupational outlook handbook. U.S. Department of Labor. 
• Zippia. (2025). Accounting manager salary (April 2025). Zippia.