What Can You Do With an Accounting Degree: 2025 Costs & Job Opportunities

by Imed Bouchrika, Phd

Co-Founder and Chief Data Scientist

Share

An accounting degree opens the doors to many career opportunities, with the accounting industry anticipated to provide over 1.4 million jobs by the close of 2022. While this abundance of options is advantageous for accounting majors, it simultaneously poses a challenge—choosing the most rewarding and fulfilling career trajectory. Leveraging my experience as a career planning expert, this article aims to address this predicament by exploring the diverse avenues available to individuals with an accounting background, shedding light on the unique attributes and potential of each, thus guiding readers towards informed and strategic career decisions.

What are the benefits of an accounting degree?

1. With an accounting degree, you can pursue various career paths, such as staff accountant, bookkeeper, tax manager, financial analyst, internal auditor, and more.
2. Accountants with a bachelor’s degree can make an average of $78,000 per year. Online accounting programs offer the flexibility to study at your own pace, making them ideal for working
3. students, professionals, full-time parents, or anyone with a busy lifestyle.

What can I expect from an accounting degree?

Pursuing an accounting degree can offer you a comprehensive exploration of essential concepts and principles integral to financial management. Accounting programs delve into key aspects such as financial reporting, taxation, auditing, and budget analysis, equipping students with a robust foundation in accounting practices.

Throughout the program, you can anticipate hands-on experiences, practical applications, and a deep understanding of financial systems. Accounting programs often incorporate real-world scenarios, preparing you for the professional landscape of business and finance. Whether engaging in coursework online or on campus, you can expect to gain proficiency in financial decision-making and problem-solving, paving the way for a versatile and rewarding career in the accounting field.

Where can I work with an accounting degree?

Accounting majors can explore a wide array of employment opportunities, especially with the promising landscape revealed by a 2023 survey of 1,850 hiring managers. The survey indicates a robust job market, with 43% of managers planning to add new and permanent finance and accounting roles in 2024. This optimistic outlook extends across various sectors, from public accounting firms, where graduates engage in auditing and tax-related services, to corporate settings, managing financial records and internal audits.

Government agencies at different levels also present opportunities for roles focused on financial compliance. Nonprofit organizations, educational institutions, and healthcare providers all require accounting expertise, emphasizing the adaptability and wide-reaching applicability of an accounting degree.

How much I can make with an accounting degree?

According to Payscale’s 2023 report, entry-level accountants can earn an annual salary ranging from $38,000 to $62,000. The salary landscape varies based on the industry, with finance and insurance professionals earning an average of $81,020, those in management of companies and enterprises making over $80,200, and specialized roles like accounting, tax preparation, bookkeeping, and payroll services averaging $78,320.

Accounting remains financially rewarding for those considering government roles, with an average annual salary of $77,440. While this figure may differ from private sector roles, it emphasizes that accountants can find competitive and stable financial compensation across various sectors. In essence, the versatile earning potential within the accounting field underscores its appeal for individuals seeking both financial stability and career growth.

Table of Contents

1. 2025 Best Accounting Degree Programs
2. How long does it take to complete an accounting program?
3. How does an online accounting compare to an on-campus program?
4. What is the average cost of an accounting program?
5. What are the financial aid options for students enrolling in an accounting program?
6. What are the prerequisites for enrolling in an accounting program?
7. What courses are typically in an accounting program?
8. What types of specializations are available in accounting programs?
9. How to choose the best accounting program?
10. How can technology skills enhance career opportunities in accounting?
11. What career paths are available for graduates of accounting programs?
12. What is the job market for graduates with an accounting degree?
13. How can you negotiate competitive compensation in your accounting career?
14. Can a specialized bookkeeping certification boost your accounting career?
15. Can an accounting degree pave the way to an actuarial career?
16. How can obtaining professional certifications boost your accounting career?
17. How can internships and early career experiences boost your accounting career?
18. How do accounting professionals stay current with evolving industry regulations and trends?
19. Can you fast track your accounting degree to enter the workforce sooner?
20. Should advanced degrees complement your accounting credentials?
21. What Specialized Accounting Fields Can Graduates Pursue for Advanced Career Opportunities?
22. What are the career advancement opportunities for accounting graduates?
23. Other Things You Should Know About Accounting Programs

2025 Best Accounting Degree Programs

How do we rank schools?

Our school rankings are the result of thorough research and data analysis conducted by our team of experts. We use a comprehensive approach, taking into account essential factors that impact the quality of education institutions provide. To create our rankings, we rely on data from reputable sources, including the IPEDS database, Peterson’s database with a specific emphasis on their Distance Learning Licensed Data Set, the College Scorecard database, and the National Center for Education Statistics. For a detailed understanding of our ranking methodology, you can visit our research methodology section.

1. Arizona State University — Bachelor of Science in Accountancy

Arizona State University’s Online Bachelor of Science in Accountancy allows students to pursue their degrees remotely. This program stands out by incorporating specialized courses in computer information systems tailored for accounting majors at ASU. Students engage in practical learning by utilizing current e-business software and gaining hands-on exposure to real-world business processes and strategies. The curriculum emphasizes collaborative learning through team projects supervised by faculty, enhancing students’ ability to apply theoretical knowledge in a practical, industry-relevant context.

1. Program Length: 4 years
2. Tracks/concentrations: N/A
3. Cost per Credit: $713
4. Required Credits to Graduate: 120
5. Accreditation: Association to Advance Collegiate Schools of Business (AACSB)

2. Temple University — Bachelor of Business Administration in Accounting

Temple University’s BBA in Accounting offers flexibility by being delivered both on-campus and online, accommodating diverse learning preferences. The coursework covers a comprehensive range of topics, including accounting information systems, auditing techniques, cost analysis and control, data analytics in accounting, financial accounting and reporting, and taxation. Beyond providing a solid foundation in accounting principles, the program is designed to prepare students for professional certifications such as the Certified Public Accountant (CPA) or Certified Management Accounting (CMA). Additionally, graduates can earn their bachelor’s degree through the accelerated BBA program in three years.

1. Program Length: 3-4 years
2. Tracks/concentrations: Data Analytics
3. Cost: $22,824 (in-state residents); $41,544.00 (out-of-state students)
4. Required Credits to Graduate: 124
5. Accreditation: AACSB

3. Western Governors University — Bachelor of Science in Accounting

Western Governors University presents a Bachelor of Science in Accounting through its online platform, offering students a flexible and personalized approach to education. Established in 2002, the program boasts a substantial alumni base, with over 7,400 graduates. WGU’s unique competency-based education model replaces traditional credit hours with competency units, allowing students to progress based on their mastery of subject matter rather than fixed class schedules. This innovation offers a dynamic and individualized learning experience. It emphasizes a solid, career-focused curriculum, providing a comprehensive education that adapts seamlessly to its learners’ diverse needs and schedules.

1. Program Length: 2-4 years
2. Tracks/concentrations: N/A
3. Cost per Credit: $3,755 per six-month term
4. Required Credits to Graduate: 120-150
5. Accreditation: Accreditation Council for Business Schools and Programs (ACBSP)

4. Regis University — Bachelor of Science in Accounting (Accelerated)

Regis University’s accelerated BS in Accounting program is designed for maximum flexibility, offering a fully online format with convenient five- and eight-week course formats. Students can accelerate their progress by transferring up to 90 credits, streamlining their path to graduation. What sets this program apart is the option to join both bachelor’s and masters in accounting online, allowing students to efficiently earn two degrees simultaneously.

1. Program Length: 3 years
2. Tracks/concentrations: N/A
3. Cost per Credit: $589
4. Required Credits to Graduate: 120
5. Accreditation: Higher Learning Commission (HLC)

5. University of South Florida — Bachelor’s in Accountancy

The University of South Florida’s Bachelor in Accountancy caters to individuals who have recently earned an associate’s degree or have prior qualifications, providing an opportunity to further their education and advance their careers. Delivered online, the program offers a flexible learning experience with asynchronous courses, allowing students to complete assignments based on their personal schedules and course deadlines.

1. Program Length: 4 years
2. Tracks/concentrations: N/A
3. Cost per Credit: $209-$211 (in-state residents); $573-$575 (out-of-state residents)
4. Required Credits to Graduate: 120
5. Accreditation: AACSB

6. University of North Carolina at Greensboro — Bachelor of Science in Accounting

The University of North Carolina at Greensboro offers a versatile Bachelor of Science in Accounting, available in traditional and online formats to cater to diverse learning preferences. Students in this program have the opportunity to qualify for the accelerated BS to MS in Accounting program, allowing them to seamlessly transition into advanced studies. In addition to core accounting courses, the program encompasses a well-rounded curriculum focusing on data analytics, business, and finance.

1. Program Length: 4 years
2. Tracks/concentrations: N/A
3. Cost: $5,436 per year (in-state residents); $20,595 per year (out-of-state residents)
4. Required Credits to Graduate: 120
5. Accreditation: AACSB

7. University of Massachusetts-Dartmouth — Bachelor of Science in Accounting

The University of Massachusetts-Dartmouth’s Bachelor of Science in Accounting is delivered through high-quality online courses taught by UMass Dartmouth faculty. The program offers flexibility for students to balance work and home responsibilities, with most courses taught asynchronously and defined assignment due dates. A distinctive feature is the inclusion of hands-on work experience facilitated through internship programs, providing practical exposure. Students also benefit from free online and in-person tutoring services and access to a writing center. Furthermore, the program offers one-on-one personal advising from enrollment through graduation, emphasizing a supportive and individualized approach to students’ academic journeys.

1. Program Length: 4 years
2. Tracks/concentrations: N/A
3. Cost per Credit: $426-$467
4. Required Credits to Graduate: 120
5. Accreditation: ACBSP

8. University of Minnesota-Crookston — Bachelor of Science in Accounting

The University of Minnesota’s Bachelor of Science in Accounting offers a fully online completion option, providing flexibility for students. Core courses encompass a range of subjects, including Accounting Systems, Managerial Finance, Business Ethics, and more, ensuring a comprehensive education. Graduates of the program are qualified to take four CPA review courses. They are eligible to sit for the state’s CPA, CMA, or CIA examinations, offering a pathway for professional certifications and career advancement in accounting.

1. Program Length: 4 years
2. Tracks/concentrations: N/A
3. Cost per Credit: $441.50
4. Required Credits to Graduate: 120
5. Accreditation: AACSB

9. Utica University — Bachelor of Business Administration in Accounting

Utica University’s Bachelor of Business Administration in Accounting is a 100% online program that centers on contemporary business issues and emphasizes the practical application of managerial decision-making techniques across diverse professional settings. The curriculum is designed for experiential learning, ensuring students gain hands-on insights into real-world business scenarios. The program comprises a total of 40 courses, encompassing business requirements, accounting major, business electives, and college electives. This structure ensures a comprehensive and well-rounded education in both accounting and business administration, making it an advantageous choice.

1. Program Length: 2-4 years
2. Tracks/concentrations: N/A
3. Cost per Credit: $420
4. Required Credits to Graduate: 120
5. Accreditation: ACBSP

10. Brenau University — Bachelor of Business Administration in Accounting

Brenau University’s Bachelor of Business Administration Major in Accounting provides students with the flexibility to choose between on-campus or fully online courses. The program focuses on developing both technical and interpersonal skills crucial for graduates to excel in their roles as accountants. Additionally, students can take courses that prepare them for licensure. Notable courses within the program include QuickBooks Lab, Fraud Examination, Auditing and Assurance Services, and more, offering a comprehensive and practical education in accounting.

1. Program Length: 4 years
2. Tracks/concentrations: N/A
3. Cost per Credit: $754
4. Required Credits to Graduate: 120
5. Accreditation: ACBSP

Here’s what graduates have to say about their accounting degree

“Getting my online accounting degree was a game-changer. Juggling a full-time job and family, the flexibility allowed me to study when and where it suited me. The real-world application of concepts in virtual classrooms prepared me for my career, and I formed lasting connections with classmates I’ve never met in person." Natalie

“Studying accounting online not only broadened my career horizons but also enhanced my tech-savvy skills. The virtual collaboration and interactive tools transformed the way I learned, making the experience dynamic and engaging. Plus, I could access resources and lectures at any time, making the educational journey tailored to my pace and preferences." Andrew

“Choosing an online accounting program was the best decision for me. The convenience of attending classes from my living room and the diverse perspectives shared in virtual discussions enriched my learning experience. Balancing work and education seamlessly, I gained both a degree and a sense of accomplishment." Jordan

Key Findings

1. The accounting industry is expected to offer over 1.4 million jobs by the end of 2022.
2. Despite the wealth of options, accounting majors face the challenge of selecting the most rewarding and fulfilling career trajectory.
3. Accountants with a bachelor’s degree, also considered one of the best bachelor’s degrees, can earn an average of $78,000 per year.
4. Accounting majors have diverse career prospects in public accounting firms, corporate settings, government agencies, nonprofits, education, and healthcare.
5. 43% of hiring managers planning to create new finance and accounting roles in 2024.

How long does it take to complete an accounting program?

The duration of accounting programs varies significantly based on the education level and the degree type pursued.

1. Associate Degree in Accounting. Typically, an associate degree in accounting takes around two years for full-time students. However, part-time and online options offer flexibility to those with other commitments.
2. Bachelor’s Degree in Accounting. A bachelor’s degree in accounting is generally a four-year program. Many universities and colleges offer online accounting programs, allowing students to complete their degree at their own pace, with some accelerated options that can reduce the timeframe.
3. Master’s Degree in Accounting. A master’s degree in accounting usually takes about one to two years to complete, depending on whether a student is enrolled full-time or part-time. Some institutions provide accelerated programs that allow students to finish their master’s degree in less time.
4. Doctoral (PhD) Program in Accounting. Doctoral programs in accounting are typically designed as full-time commitments and can take around four to six years to complete. These programs involve in-depth research and dissertation work.
5. Accelerated programs. Accelerated accounting programs are designed to shorten the time required to complete a degree. For example, accelerated bachelor’s programs might condense a four-year program into two or three years, while accelerated master’s programs may allow students to earn their degree in a year or even less.

How does an online accounting compare to an on-campus program?

Online and campus-based accounting programs both have their advantages and disadvantages. Below are some of them:

1. Flexibility. Online programs provide significant flexibility, enabling students to attend classes and complete coursework remotely, catering to individuals with work, family, or other commitments. In contrast, on-campus programs have a more structured schedule, necessitating in-person attendance, which may pose challenges for individuals with demanding schedules or those residing far from the campus.
2. Interaction and networking. Online programs utilize virtual classrooms, employing discussion forums, video conferencing, and various online tools for interaction, although networking opportunities may differ from on-campus experiences. On-campus programs foster face-to-face interaction, creating a strong sense of community through direct engagement with professors, peers, and participation in in-person networking events and extracurricular activities, contributing to a well-rounded social and professional experience.
3. Learning environment. Online programs provide a self-paced learning environment, granting students the flexibility to revisit materials as necessary, but success requires strong self-discipline and time management skills. Conversely, on-campus programs offer a structured learning experience with regular class schedules, providing immediate access to professors and campus resources for a more traditional and guided educational approach.
4. Access to resources. Online programs provide access to resources through virtual libraries, discussion forums, and digital materials, offering vast information but lacking the physical presence of on-campus facilities. On-campus programs afford students direct access to physical libraries, labs, and campus facilities, facilitating hands-on learning and research through immediate access to tangible resources.
5. Cost. Online programs can offer cost savings for students by eliminating expenses related to commuting, housing, and other on-campus costs, with tuition often comparable to on-campus rates. Conversely, the cost of an on-campus program may incur additional expenses for housing, commuting, and campus fees, with varying tuition rates.
6. Technology requirements. For online programs, students require a reliable computer, internet access, and technical proficiency, with occasional disruptions due to technical issues. While technology is needed for specific tasks in on-campus programs, there is generally a lower reliance on technology than online programs.

What is the average cost of an accounting program?

Investing in college degrees comes at a steep price. According to the latest trends in college pricing published by the College Board, the average net price families pay for the academic year 2023-24 is $20,310 at public colleges and $34,79 at private colleges.

Despite the rising cost of college education, earning a degree still pays off for most graduates in the long run. For instance, degree holders have more earning potential than workers with only high school diplomas. In fact, an analysis by the BLS revealed that in 2021 the weekly salary for non-degree holders is $899, while for degree holders, the weekly salary is $1,334. The annual equivalents are shown in the following chart.

What are the financial aid options for students enrolling in an accounting program?

Based on my research, below are the financial aid options available to help with the cost of enrolling in an accounting program:

Need-based Aid

1. Free Application for Federal Student Aid (FAFSA). This is the gateway to all federal financial aid, including grants, loans, and work-study. Completing the FAFSA is crucial for accessing many other scholarships and grants.
2. Federal Pell Grant. This grant is need-based and awarded to undergraduate students with exceptional financial needs who demonstrate a low Expected Family Contribution (EFC).
3. Federal Supplemental Educational Opportunity Grant (SEOG). Another need-based grant for undergraduate students with exceptional financial need, SEOG prioritizes students with Pell Grant eligibility and has limited funding, so early application is crucial.
4. State Grants. Many states offer need-based grants for students attending in-state colleges and universities. Check with your state’s education department for specific programs and eligibility requirements.

Merit-Based Aid

1. Accounting-specific scholarships. Numerous organizations and institutions offer scholarships specifically for accounting students. Check with professional organizations like the American Institute of Certified Public Accountants (AICPA) and your chosen program for scholarship opportunities.
2. University scholarships. Many universities offer merit-based scholarships based on academic achievements, test scores, or other criteria. Research scholarship opportunities at your desired institutions.
3. Private scholarships. Numerous private scholarships are available, often sponsored by corporations, foundations, or individuals. You can search online for scholarships based on your interests, achievements, and background.

Other Forms of Assistance

1. Federal Work-Study. This program allows students to work part-time jobs on campus or with approved employers to earn money towards their educational expenses.
2. Private loans. While not ideal due to accumulating interest, private loans can be an option for students who have exhausted other avenues. Carefully compare interest rates and terms before taking out a private loan.
3. Employer assistance. Some employers offer tuition reimbursement or educational assistance programs for employees pursuing further education, including accounting programs. Speak with your HR department to see if such programs are available.

Among these options, one of the most commonly available at most schools is FAFSA, which helps more than 13 million students with their educational expenses every year, as revealed in various college statistics. This number makes up the majority of students applying for federal financial aid, as shown below:

What are the prerequisites for enrolling in an accounting program?

To be eligible for an accounting degree program, there are a few requirements that you have to take note of, such as the following:

Admission Requirements

1. High school diploma or GED. Accounting degree prerequisites vary from state to state. Some universities may require you to present your high school diploma, while some accept at least a GED certificate as proof of your educational attainment. If you already have an associate degree in accounting, you can also ask the institution to transfer your credits to the bachelor program you are applying for.
2. GPA requirement. Since accounting is generally a competitive field, most universities require at least a 2.5 GPA before you become eligible for a degree program. However, if your GPA does not meet the criteria, you can take prerequisite courses at community colleges and build up your GPA.
3. Scholastic Aptitude Test (SAT). Exam scores vary greatly by program and institution, with some universities not requiring them. The most competitive schools might need you to take the SAT, so it is best to communicate with school officials to find out the required score you need for the program. In general, the average score needed for accounting programs is between 1050 and 1060.

Skill Requirements

1. Mathematical and deductive reasoning. In accounting, a strong grasp of numbers and deductive reasoning is crucial due to its involvement in various mathematical subjects. As an accounting major regularly dealing with financial data, possessing these mathematical skills is essential for completing courses and earning a degree.
2. Time management. Strong organizational and time management skills are imperative for accounting professionals. Given the prevalence of regular deadlines, especially in tasks like audit preparation and financial documentation, proficient time management is crucial. It ensures you can meet weekly, monthly, and yearly deadlines, facilitating the timely closure of accounting records.
3. Problem-solving skills. Problem-solving skills are vital in accounting for resolving issues and identifying potential areas of concern. Organizations heavily rely on accountants to uncover discrepancies and address financial record issues. Developing strong problem-solving skills can give you a competitive edge as you aspire to become a successful accounting professional.

What courses are typically in an accounting program?

While the specific core courses may vary slightly depending on the program, here are some of the common foundational courses you’ll likely encounter in an accounting program:

1. Financial Accounting. This is the cornerstone of accounting, covering the fundamental principles and procedures of recording financial transactions, preparing financial statements (balance sheets, income statements, etc.), and understanding the basics of financial analysis.
2. Managerial Accounting. This course focuses on internal accounting information used for management decision-making. You’ll learn about cost accounting, budgeting, variance analysis, and other tools used to evaluate operational efficiency and profitability.
3. Auditing. This course delves into examining and verifying financial records for accuracy and compliance with accounting standards and regulations. You’ll learn about audit procedures, risk assessment, and internal controls.
4. Taxation. Understanding tax laws and regulations is crucial for accountants. This course covers individual and corporate income tax, payroll taxes, and other relevant tax principles.
5. Cost Accounting. This course dives deeper into the different costing methods (job order, process, activity-based) used to track and assign costs to products and services. It’s essential for understanding business profitability and making informed pricing decisions.

What types of specializations are available in accounting programs?

The availability of these specializations may vary by institution, but below are some of the specializations that may be offered in accounting programs:

1. Public Accounting. This path prepares you to work for external accounting firms, auditing and verifying financial statements for various businesses. This specialization often requires passing the CPA exam, opening doors to diverse career options within public accounting firms.
2. Tax Accounting. You can specialize in the complex world of taxation, advising individuals and businesses on tax planning, compliance, and reporting. This specialization requires in-depth knowledge of tax laws and regulations and can lead to lucrative careers in tax consulting firms, government agencies, or corporate tax departments.
3. Management Accounting. Focused on internal financial analysis and decision-making, this specialization provides business insights on cost control, budgeting, profitability, and operational efficiency. It prepares you for roles in corporate finance departments, management consulting firms, or even starting your financial consulting practice.
4. Forensic Accounting. In general, forensic accounting programs delve into the investigative side of accounting, uncovering financial fraud and misconduct through meticulous analysis of financial records. Strong analytical skills and attention to detail are crucial, leading to careers in forensic accounting firms, law enforcement agencies, or insurance companies.
5. Information Systems Accounting. Combining accounting knowledge with technological expertise, this specialization emphasizes implementing and integrating accounting software and systems. As businesses move towards digital record-keeping and data-driven decision-making, this specialization is increasingly in demand. It opens doors to careers in IT consulting firms, software development companies, or within internal accounting departments of tech-savvy businesses.

How to choose the best accounting program?

Not all accounting degrees online are created equal, so there are a few things to look out for when choosing which program you should take. Some of the factors you need to consider include the following:

1. Program accreditation. Choose a program accredited by a recognized accrediting body such as the AACSB or ACBSP. This ensures the program meets specific quality standards and prepares you for professional advancement.
2. Faculty expertise. Investigate the qualifications and experience of the program’s instructors. Look for faculty with real-world accounting experience and strong academic credentials.
3. Learning format. Determine if the program offers self-paced, asynchronous learning, synchronous live sessions, or a blend of both. Choose a format that suits your learning style and schedule.
4. Technology infrastructure. Ensure the program utilizes a reliable learning management system with user-friendly tools and resources. Access to technical support for online learning issues is crucial.
5. Student support services. Assess the program’s availability of academic advisors, career counselors, and online student communities for guidance and support throughout your studies.
6. Cost of tuition and other fees. Compare the program’s overall cost, including tuition, fees, and required software or materials. If you are considering on-campus programs, consider the cost of room and board, textbooks, and other campus-related fees. Also, consider financial aid options and scholarship opportunities.
7. Reputation and reviews. Research the program’s reputation within the accounting field and read online reviews from current students and alumni.
8. Specialization options. If you have specific career goals in mind, check if the program offers relevant specializations or concentrations in your area of interest.
9. Transferability of credits. If you plan to pursue further education later, confirm the transferability of credits earned in the online program to graduate-level accounting programs.

How can technology skills enhance career opportunities in accounting?

The accounting profession has been profoundly impacted by technological advancements, making tech-savvy accountants more valuable than ever. From cloud-based financial systems to artificial intelligence (AI) tools, technology has transformed how accounting professionals perform their jobs, opening up new career opportunities and elevating efficiency and accuracy within the field.

Proficiency in Accounting Software

Software like QuickBooks, SAP, and Oracle has become indispensable in managing financial processes efficiently. Employers prioritize candidates proficient in these platforms, as they streamline bookkeeping, payroll, and overarching financial management. Additionally, familiarity with platforms that integrate machine learning or AI-driven analytics can significantly enhance an accountant’s employability.

Data Analytics in Accounting

Data analytics is a rapidly growing domain within accounting, enabling professionals to extract actionable insights from complex financial datasets. Accountants skilled in tools like Tableau, Power BI, or Python can analyze trends, forecast financial outcomes, and provide strategic guidance to decision-makers. This analytical skill set positions professionals as essential contributors to corporate strategy rather than solely recordkeepers.

Automation and AI Adoption

Automation is reshaping traditional accounting tasks, such as reconciliation and transaction processing. Learning to work alongside emerging AI tools allows accountants to focus on higher-value activities like strategic planning and risk assessment. Understanding robotic process automation (RPA) technology can further set candidates apart, particularly in industries seeking to reduce operational inefficiencies.

Cybersecurity and Risk Management

With financial data becoming increasingly digitized, cybersecurity has become critical for accountants. Familiarity with cybersecurity protocols and risk management tools equips professionals to safeguard sensitive financial information. This expertise also opens doors to specialized roles like IT auditors or risk consultants, which combine financial acumen with technology-driven problem-solving.

Blockchain Applications in Accounting

Blockchain technology, introduced initially for cryptocurrency, is revolutionizing financial auditing and fraud prevention. Accountants who understand blockchain can leverage its immutable ledger system to innovate within audit processes, ensuring transparency and trust in financial reporting. This specialization is particularly sought after in sectors like finance, consulting, and insurance.

By continuously enhancing their technological competencies and staying attuned to trends like AI, blockchain, and data analytics, accounting professionals can expand their career horizons. For those new to the field, pursuing accounting certifications for beginners is an excellent way to build foundational knowledge and skills, ensuring they remain competitive in an evolving industry.

What career paths are available for graduates of accounting programs?

With a degree in accounting, you can work various jobs in corporations, government agencies, nonprofits, and small businesses. Based on our research, we came up with a list of the most lucrative job roles you can have with an accounting degree.

1. Financial analyst. While degrees in accounting vs finance differ, they have plenty of overlapping courses. In this profession, your main job is to help individuals and organizations make strategic financial decisions. You will also gather and interpret data on stock viability, shareholder interests, and growth expectations and use them in financial strategies.
2. Auditor. As an auditor, you will be in charge of reviewing accounts of companies and organizations and ensuring the legality and validity of their financial records. Your role also covers preparing and examining financial documentation and written business reports.
3. Tax accountant. Your main duties will be managing your client’s taxes, creating tax payment schedules, and developing company policies that enable tax savings. As a tax accountant, you will constantly look for changes in tax law and potential liabilities.
4. Bookkeeper. This job requires you to oversee an organization’s financial data and maintain accurate books on daily financial entries and reconciliations, payroll, and accounts receivable and payable. Daily tasks of a bookkeeper include recording payments and adjustments, general ledger and entries, and monthly financial reporting.
5. Staff accountant. You will be handling an organization’s financial records and ensuring compliance with laws, regulations, and generally accepted accounting principles (GAAP). You will also be tasked with resolving any discrepancies or irregularities that you may find in financial documentation.

The chart below illustrates the distribution of employed accountants across different industries in the U.S.:

What is the job market for graduates with an accounting degree?

The job market for graduates with an accounting degree is promising, with employment of accountants and auditors expected to grow by 4% from 2022 to 2032, aligning with the average growth rate for all occupations. On average, approximately 126,500 openings for accountants and auditors are projected annually over the decade.

Furthermore, the employment prospects for financial analysts are equally encouraging, with a projected growth rate of 5% over the same period. This growth signifies an expanding demand for financial analysts, a role critical in providing organizations with strategic financial insights.

How can you negotiate competitive compensation in your accounting career?

Accounting professionals seeking lucrative roles should adopt evidence‐based negotiation strategies. Conduct in-depth research to understand current industry salary trends and benchmark your skills against similar roles. Present quantifiable achievements and specialized competencies to justify a higher salary and enhanced benefits. Leverage insights from market data, including trends in the highest paid accounting jobs, to strengthen your position during negotiations. Emphasize not only base salary but also comprehensive packages that include bonuses, retirement plans, and flexible working conditions, ensuring your compensation aligns with industry standards and reflects your professional value.

Can a specialized bookkeeping certification boost your accounting career?

Earning a specialized certification in bookkeeping enhances technical proficiency and sets you apart from competitors by demonstrating expertise in precise financial record keeping and compliance. A focused bookkeeping course provides practical skills in managing digital ledgers, reconciling transactions, and mitigating errors—capabilities prized by employers in a data-driven environment. This certification not only complements traditional academic credentials but also affirms a commitment to continuous professional development in a field where innovation and accuracy are paramount.

Can an accounting degree pave the way to an actuarial career?

An accounting degree builds a robust foundation in quantitative analysis, risk assessment, and financial reporting—skills that are directly transferable to actuarial roles. Graduates can leverage their expertise in analyzing financial data and trends to transition into positions that require statistical evaluation and risk modeling. This pathway not only enhances your capabilities in managing complex financial uncertainties but also opens up cross-disciplinary opportunities in risk management and insurance. Aspiring professionals may further augment their qualifications by pursuing complementary studies in statistics and probability, forming a natural bridge to actuary education.

How can obtaining professional certifications boost your accounting career?

Earning professional certifications can validate specialized skills and commitment to ethical standards, significantly expanding career opportunities. These credentials, including advanced designations, signal expertise in financial reporting, auditing, and taxation, thereby enhancing employability and positioning professionals for leadership roles. For instance, acquiring a CPA certification is a strategic investment that not only improves technical proficiency but also deepens industry networking and career advancement prospects. For detailed steps on how to be a CPA, consider pursuing structured certification pathways that align with your career goals.

How can internships and early career experiences boost your accounting career?

Gaining practical exposure through internships, apprenticeships, or entry-level roles is a critical step for accounting graduates seeking to translate academic knowledge into market-ready skills. Hands-on experiences in diverse settings—ranging from public accounting firms to corporate finance departments—allow emerging professionals to build technical competencies, enhance analytical capabilities, and refine essential soft skills such as teamwork and effective communication. Such experiences not only facilitate a smoother transition into full-time roles but also increase adaptability to varying industry practices. For those considering further professional development, exploring what is the easiest master's degree to get can offer a streamlined pathway to advanced expertise and accelerated career growth.

How do accounting professionals stay current with evolving industry regulations and trends?

The accounting field is dynamic, with evolving regulations, technology advancements, and changing financial standards. Staying current in this environment is essential for career advancement and maintaining professional certifications. Here are key strategies that accounting professionals use to stay up-to-date:

• Continuing Professional Education (CPE): Many certifications, such as Certified Public Accountant (CPA) or Certified Management Accountant (CMA), require professionals to complete a set number of CPE hours annually. These courses keep accountants informed about changes in tax laws, auditing standards, and financial regulations.
• Professional Associations: Joining organizations like the American Institute of CPAs (AICPA) or Institute of Management Accountants (IMA) provides access to industry news, webinars, and conferences. These associations often offer resources for networking and professional development.
• Technology Training: With automation, AI, and accounting software constantly evolving, staying proficient in tools like QuickBooks, SAP, and cloud-based accounting systems is crucial. Accounting professionals often take specialized courses or certifications in these platforms.
• Industry News and Publications: Regularly reading financial publications, such as The Wall Street Journal or Accounting Today, helps professionals stay informed about emerging trends and regulatory changes that impact the industry.
• Networking and Conferences: Attending industry conferences and networking with peers provides real-time insights into the latest trends and challenges in accounting, from technological innovations to evolving audit and compliance requirements.

Can you fast track your accounting degree to enter the workforce sooner?

For those eager to start their accounting career, fast-tracking an accounting degree can be a practical solution. Many universities now offer accelerated accounting programs that condense a traditional four-year curriculum into two to three years or allow students to complete a bachelor's and master's degree concurrently. These programs often cater to adult learners, career changers, or anyone looking to leverage existing college credits or professional experience.

Fast-track options typically provide intensive coursework, shorter semester structures, and may include summer classes to minimize downtime. This structure helps students save time and potentially reduce tuition costs while preparing them for entry-level roles like staff accountant, auditor, or bookkeeper at a quicker pace.

If you’re interested in a faster path to an accounting career, you can explore fast track accounting degree programs that match your schedule and career aspirations. By choosing an accelerated route, you can enter the workforce sooner and start gaining valuable industry experience.

Should advanced degrees complement your accounting credentials?

Accounting professionals frequently find that supplementing core accounting education with advanced degrees can broaden strategic insights and open doors to interdisciplinary roles. Pursuing a master’s in finance or a related field not only refines analytical skills but also fosters leadership capabilities required for high-level financial management and strategic decision-making. This additional qualification can prove decisive in competitive environments, enabling professionals to transition into roles that demand a nuanced understanding of market dynamics and corporate finance. For an affordable pathway to advanced studies, consider exploring cheap online master's in finance programs.

What Specialized Accounting Fields Can Graduates Pursue for Advanced Career Opportunities?

Accounting graduates can pursue various specialized fields for advanced career opportunities. One such field is forensic accounting, which involves investigating financial crimes and discrepancies. For those interested in this field, researching schools for forensic accounting can provide valuable insights into the educational pathways and career prospects available. Specializations like forensic accounting not only offer a challenging and rewarding career but also come with the potential for higher salaries and greater job satisfaction. By exploring these specialized areas, accounting graduates can differentiate themselves in the job market and accelerate their career advancement.

What are the career advancement opportunities for accounting graduates?

An accounting degree offers a wide array of career growth opportunities, making it a dynamic and rewarding profession. Whether you're starting as a junior accountant or a tax assistant, the path to advancement in accounting is well-defined, with numerous specializations and leadership roles to explore.

1. Specializations for Career Growth

One of the most significant advantages of an accounting degree is the variety of specialized roles available as you gain experience. Specializing in areas such as forensic accounting, auditing, tax consulting, or management accounting can set you apart in the job market and lead to higher salaries. For instance, forensic accountants who investigate financial discrepancies often earn premium salaries due to the specialized nature of their work.

Additionally, roles like Certified Management Accountants (CMAs) or Certified Internal Auditors (CIAs) offer professional certifications that increase your value in specific areas of accounting. As you gain expertise in your chosen specialty, you can pursue higher-paying positions and more complex, rewarding work.

2. Moving into Leadership Positions

Accounting graduates who seek leadership roles will find that an accounting degree provides the foundation for significant upward mobility. As you gain experience, roles such as Accounting Manager, Financial Controller, and eventually Chief Financial Officer (CFO) become achievable. These senior roles involve overseeing entire financial operations, creating strategies, and ensuring compliance with evolving financial regulations. They also come with attractive salary packages, often exceeding six figures.

Moreover, many senior executives with backgrounds in accounting move into broader business management roles, including Chief Operating Officer (COO) or Chief Executive Officer (CEO), using their deep financial knowledge to shape the strategic direction of companies.

3. Opportunities in Consulting and Entrepreneurship

Accounting graduates can also take entrepreneurial paths, starting their own accounting firms or consultancy practices. By offering specialized services to businesses, you can create a lucrative career with the flexibility to choose your clients and projects. Many successful accountants have turned their professional expertise into thriving businesses, helping others with tax planning, business advisory services, or audit preparation.

4. Continuous Learning and Professional Development

To stay competitive and continue advancing in your accounting career, ongoing education is essential. Pursuing certifications like Certified Public Accountant (CPA), Chartered Financial Analyst (CFA), or Certified Information Systems Auditor (CISA) not only increases your earning potential but also helps you stay current with industry trends and regulations. Many top accounting firms and corporations value employees who are committed to lifelong learning and self-improvement, which makes additional certifications an investment in your future.

For those interested in gaining an edge in today’s fast-paced financial world, considering an accelerated accounting degree might be the perfect solution. These programs allow you to gain a deep understanding of accounting principles in a fraction of the time, paving the way for quicker career advancement. 

5. Job Flexibility and Remote Work Opportunities

In recent years, the accounting profession has seen a rise in remote job opportunities, especially for experienced professionals. Many accounting firms and corporations now offer flexible work arrangements, allowing accountants to manage client accounts, prepare tax returns, or handle auditing tasks remotely. The increasing demand for accounting services, paired with advancements in digital technology, ensures that job opportunities for accountants will continue to evolve, providing flexibility and a work-life balance that is highly valued by professionals today.

Other Things You Should Know About Accounting Programs

Is an online accounting degree worth it?

Whether an online accounting degree is worth it depends on individual preferences and circumstances. Online programs offer flexibility for those with work or family commitments, making them valuable for many students. However, the degree’s worthiness also hinges on the program’s accreditation, faculty quality, and the student’s commitment to self-directed learning.

What is the easiest accounting degree to get?

The ease of obtaining an accounting degree can vary, but some may find an associate’s degree in accounting or bookkeeping relatively accessible. These programs often have fewer credit requirements and may offer a quicker path into entry-level positions in the accounting field.

Is accounting worth it without CPA?

While obtaining a CPA can significantly enhance career prospects, accounting can still be a worthwhile profession without it. Many accountants have successful careers without a CPA, focusing on specialized areas or industry-specific certifications. The worth of an accounting career without a CPA depends on individual goals, career aspirations, and the specific demands of the chosen accounting path.

What’s the fastest way to get an accounting degree?

The fastest way to get an accounting degree is typically through an accelerated program or transferring credits from prior coursework or relevant experience. Accelerated programs may compress traditional timelines, allowing students to complete their degree requirements more quickly, often within two or three years.

What are the key industries that seek graduates with an accounting degree in the U.S.?

• Finance and Banking: Many banks and financial institutions hire accountants to manage their financial operations, analyze financial data, and ensure compliance with regulations.
• Public Accounting Firms: These firms offer services like auditing, tax preparation, and consulting to clients ranging from individuals to large corporations.
• Government Agencies: Federal, state, and local government entities often employ accountants to handle budgeting, financial reporting, and compliance with fiscal policies.
• Corporate Accounting: Businesses across industries need accountants to manage their internal financial processes, financial statements, and financial planning.
• Nonprofit Organizations: Nonprofits require accountants to oversee their financial activities, manage grants and donations, and ensure financial transparency.

How can aspiring accountants start building competencies during their education or training?

Aspiring accountants can build competencies during their education or training by focusing on core skills such as financial analysis, data interpretation, and accounting software proficiency. Engaging in internships or part-time roles can provide hands-on experience and networking opportunities. Pursuing relevant certifications like CPA or ACCA demonstrates commitment and enhances credibility. Additionally, staying updated with industry trends and regulations ensures relevance and adaptability in the dynamic field of accounting. Seeking mentorship and guidance from experienced professionals can also offer valuable insights and accelerate skill development.

How does an accounting degree program prepare students for professional certifications?

An accounting degree program prepares students for professional certifications such as CPA, CMA, or CFA by offering specialized coursework aligned with exam requirements. Courses cover essential topics like financial accounting, auditing, tax, and managerial accounting, ensuring a comprehensive understanding of the field. Programs often include review sessions, practice exams, and access to study materials tailored for certification exams. Additionally, experienced faculty provide guidance and insights into the certification process. Many programs also offer internships and practical experiences to meet certification requirements, ensuring that graduates are well-prepared to pass their exams and advance in their accounting careers.

What degree is best for accounting?

The best degree for accounting depends on your career goals, but the most common and widely recognized degree is a Bachelor’s in Accounting. This degree provides a solid foundation in financial reporting, auditing, tax, and accounting principles, preparing you for entry-level roles such as accountant or auditor.

For those aiming to advance their careers, especially if you plan to become a Certified Public Accountant (CPA), pursuing a Master’s in Accounting or a related field like a Master of Business Administration (MBA) with a focus on accounting can be beneficial.

Here's a breakdown of popular accounting degrees:

1. Associate’s Degree in Accounting: Prepares you for basic accounting roles like bookkeeper or accounting assistant.
2. Bachelor’s Degree in Accounting: Most common entry-level degree for accountants, auditors, and tax professionals.
3. Master’s in Accounting or MBA: Helps with career advancement, higher-paying positions, or meeting requirements for certifications like the CPA.
4. PhD in Accounting: Suitable for those interested in academic research or teaching at the university level.

Each degree has its own career benefits, with the bachelor’s degree being the best starting point for most professional accounting careers.

What is a 2-year accounting degree called?

A 2-year accounting degree is called an associate's degree in accounting. This degree is typically offered at community colleges and provides foundational knowledge in accounting principles, bookkeeping, and basic financial management. Graduates with an associate's degree can pursue entry-level roles such as:

• Bookkeeper
• Accounting Clerk
• Payroll Specialist
• Accounts Payable/Receivable Clerk

While it may not qualify you for higher-level positions like a Certified Public Accountant (CPA), an associate's degree can be a good starting point for entering the field or continuing education toward a bachelor's degree.

How many years does an accounting degree take?

An accounting degree typically takes about four years to complete if you're pursuing a bachelor's degree. This is the standard duration for full-time students. However, some programs offer accelerated tracks that may allow students to finish in less time, while part-time students or those balancing work and school may take longer. If you're pursuing an associate degree in accounting, it usually takes about two years. Additionally, earning a CPA (Certified Public Accountant) license may require extra coursework beyond the bachelor's degree, depending on state requirements.

Is accounting a good major for money?

Yes, accounting is generally considered a good major for making money. It offers strong earning potential and job stability. According to the U.S. Bureau of Labor Statistics, the median annual salary for accountants and auditors was $78,000 in 2022, with top earners making significantly more, especially in higher-level positions like financial managers or CPAs. The demand for accountants remains steady across industries, and specialized roles, such as forensic accounting or management accounting, can offer even higher salaries. Moreover, the potential for career growth and advancement in fields like finance, taxation, and auditing makes it a financially rewarding career path.

What do you do after accounting degree?

After earning an accounting degree, you have several career and further education options. Here are common paths:

• Entry-level accounting jobs. Many graduates start in roles like staff accountant, auditor, or tax associate at public accounting firms, corporations, or government agencies. These positions provide hands-on experience in financial reporting, tax preparation, and auditing.
• Pursue CPA certification. Many accounting graduates aim to become Certified Public Accountants (CPAs). This requires passing the CPA exam and meeting state-specific education and experience requirements. Being a CPA often leads to higher salaries and more career opportunities.
• Specialize in a niche area. You can pursue certifications in specialized areas like forensic accounting, management accounting (CMA), internal auditing (CIA), or tax consulting.
• Pursue advanced education. Some choose to further their education by earning a master’s degree in accounting or MBA to enhance skills and increase job prospects.
• Climb the corporate ladder. With experience, accountants can move into senior roles like financial manager, controller, or CFO, which involve overseeing broader financial strategies and operations.

Is accounting a hard major?

Accounting can be challenging, but its difficulty often depends on your strengths and interests. Here are a few factors to consider:

• Mathematical skills. While you don't need to be a math genius, a solid understanding of basic math and analytical skills is important. You'll work with numbers, but much of accounting relies on understanding concepts rather than complex calculations.
• Attention to detail. Accounting requires meticulous attention to detail. Small mistakes can lead to significant errors, so being detail-oriented is crucial.
• Conceptual understanding. You'll need to grasp various accounting principles, regulations, and standards (like GAAP or IFRS), which can be complex.
• Workload. The workload can be demanding, especially during busy seasons (like tax season) or in rigorous programs that cover a lot of material.
• Time Management. Balancing coursework, studying, and potentially internships can be challenging, so good time management skills are essential.

Many students find that with dedication, effective study habits, and support from professors or peers, they can succeed in accounting. If you have a genuine interest in finance and business, you may find the subject matter engaging and rewarding.

References:

1. CollegeBoard. (2020). College Pricing. Retrieved from CollegeBoard.org.
2. Comparably. (2020). Entry level accountant salary.  Retrieved from Comparably.com.
3. Hanson, M. (2021, February 6). Financial aid statistics: Average aid per student. Retrieved from EducationData.org.
4. Hanson, M. (February 15, 2021). Financial Aid Statistics. Retrieved from EducationData.org.
5. Robert Half. (2024). State of U.S. hiring First half of 2024. Robert Half Inc. Retrieved January 13, 2024.
6. U.S. BLS. (2021, June 2). Accountants and auditors: Occupational outlook handbook. U.S. Bureau of Labor Statistics. Retrieved January 13, 2024.
7. U.S. BLS. (2023, November 28). Occupational outlook handbook: Accountants and auditors. U.S. Bureau of Labor Statistics. Retrieved January 13, 2024.