The possibilities in the accounting field are virtually endless. You can work for a large corporation, the government, an accounting firm, or even yourself. Growing into Certified Public Accountant (CPA) will give you the most career prospects – and highest salary prospects. Some accounting positions have flexible hours and work locations, which make great work-life balance. Here are 5 high paying careers you can get with a Bachelors in Accounting that don’t even have Accountant in the title!
1. Corporate Controller
Median Salary: $112,000/year
With several years of corporate accounting experience under your belt, you could grow into a Corporate Controller. Some of the tasks you would generally work on include but aren’t limited to:
- allocating budgets,
- overseeing of accounting department activities,
- developing financial statements,
- processing payroll, and
- setting up financial systems and technology.
Note that Corporate Controllers at smaller companies may assume the role of Chief Financial Offer. The median salary for this role is $112,000/year.
2. Risk and Compliance Professional
Median Salary: $99,000/year
Risk and Compliance professionals help companies navigate the complicated world of financial regulations.
Their responsibilities may involve:
- creating and implementing company policies around internal accounting procedures,
- ensuring that a business is in compliance with federal, state, and local regulatory requirements, and
- reducing a company’s legal risk when it comes to financial matters.
Risk and compliance professionals work in different settings, including financial, banking, and investment firms.
3. Financial Analyst
Median Salary: $74,000/year (can earn more based on seniority)
Never back down from a challenge? Don’t mind number-crunching and multi-tab spreadsheets? A financial analyst job could suit you. As an analyst, you may find yourself:
- analyzing financial data, economic trends, and financial conditions,
- determining ways to cut costs,
- gathering data in order to project company finances or inform financial decisions, and
- overseeing your company’s or clients’ investments or wealth management.
Many investment, banking and insurance firms employ Financial Analysts as part of their team.
4. Treasury Analyst
Salary Range: $52,000/year – $90,000/year (depends on experience)
If you have a knack for money management, consider becoming a Treasury Analyst. You will have the opportunity to evaluate: foreign exchange transactions; treasury accounts and processes; bank fees; company financial procedures; and opportunities for cost savings. Keep in mind that your exact responsibilities may vary depending on company structure (e.g. non-profit, for-profit, etc.). Along with a Bachelor’s in Accounting, employers may require additional certifications to qualify for this position.
Salary Range: Expect to earn average salary of $51,000/year. Supervisor-level positions pay average of $92,000/year.
Similar to risk professionals, auditors make sure that a company’s financial records are compliant with internal policies, as well as financial regulations. Third parties, such as a lender looking to do business with a company, work with auditors to determine whether that company’s financial statements are in order. In addition to thorough review of a company’s financial statements, auditors test a business’s internal accounting methods, systems, and operations. Auditors interact with nearly every organizational level to ensure that a company adheres to management policies.