Accounting Careers and Certifications
Accounting is often called "the language of business" since it is an integral part of every business and industry. With the dynamic growth of technology, accounting work is diverse and exciting. The 21st century will continue to offer an increase in challenges and complexities.Solutions to today's problems require accountants to be at the forefront of new technologies.
As our economy expands, tax laws become more complicated, and firms become multinational, the demand for competent, degreed accountants will continue to increase. Saint Mary-of-the-Woods College seeks to contribute toward meeting that demand by offering a four-year baccalaureate degree in accounting.
With certification and experience, positions in accounting could include the following:
- Chief Financial Officer
- Internal Auditor
- Financial Analyst
- Do stocks and bonds fascinate you? With a degree in accounting, you could be o assistance to a business or individual with their investment decisions. It would be part of your job to keep abreast of current conditions with stocks, bonds, and other kinds of investments.
- According to O*NET OnLine, the projected growth for 2010-2020 is faster than average for this career.
- Budget Analyst
- Are you a good organizer? Would you like to aid institutions organize their finances by preparing budget reports and monitor how they spend their money? This might be the career for you!
- “Budget analysis is getting more complex as more types of data and statistical techniques become available. The greater complexity of the job and its expanding job duties are expected to create a need for more budget analysts.” (Occupational Outlook Handbook, 2012-2013)
- The O*NET OnLine Website has more information about a career in accounting
The Accounting major prepares a person for a professional career in accounting and includes the educational components for many certifications including the Certified Management Accountant (CMA); the Certified Financial Management (CFM); the Certified Internal Auditor (CIA), and several other certifications. Some of these certifications require work experience before you can take the exam.
This major does not meet the requirements for those students that wish to take the Certified Public Accounting (CPA) exam without modifying and extending the number of hours above the 125 hours required for this major. If you are interested in the CPA exam, there are ways of modifying and adding hours to this major to meet the requirements in your state. Some students prefer the Accounting Information Systems major that meets the semester hour requirement (150 hours) for CPA candidacy, but they don’t rule out choosing additional courses to add to this major.
The job outlook is good for accountants and auditors. According to the Bureau of Labor Statistics (2011), "employment of accountants and auditors is expected to grow by 22 percent between 2008 and 2018, which is much faster than the average for all occupations." According to a Fall 2011 salary survey conducted by the National Association of Colleges and Employers, bachelor's degree candidates in accounting received starting offers averaging $51,134 a year in 2011. The median annual wage of accountants and auditors was $62,850 (Bureau of Labor Statistics 2011 wage data). For specific industry profile information, please visit the Occupational Employment Statistics.
Students with a major in accounting from Saint Mary-of-the-Woods College will be prepared for positions that require graduates to apply a broad perspective as well as accounting knowledge to various accounting staff positions. This major provides a core foundation for positions in the following areas:
- Industry / Corporate settings
- Not-for-profit organizations