Beyond Accounting: What You Can Do With an Accounting Degree

Wednesday, October 5, 2016
What Can You Do With an Accounting Degree

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.

5. Auditor

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.

Take the Next Step

Dreaming about all the money you could make in an accounting position? A Bachelor’s in Accounting from CCE at Assumption will open doors to any of these five high-paying careers. 

how to become an accountant

Related Post

5 Advantages of a PMP Certification Program Are you considering a career in project management? Or, are you already working in the management field and want to boost your career? A PMP certi...
Why a Digital Marketing Certificate Can Help You E... Asking for a raise is hard. You want to make the money you deserve and feel appreciated in your position, but the fear of rejection is very real. ...
4 Surprising Benefits of Being an Accountant By: Continuing & Career Education at Assumption College Wednesday, March 15, 2017 Few careers have the flexibility, salary, and job outl...