A bachelor's in accounting consistently ranks among the highest-paying undergraduate degrees you can earn. Payscale data from May 2024 shows that working professionals with an accounting bachelor's consistently out-earn people with similar credentials.
According to Payscale, an accounting bachelor's pays an average of 11.2% more than a bachelor's in marketing and 9.7% more than a bachelor's in finance. It even out-earns a bachelor's degree in business administration by about 1.3%.
This career guide specifically focuses on high-paying jobs open to people with only a bachelor's degree in accounting. Use it to help inform your post-graduation playbook as you prepare for workforce entry.
Popular Online Accounting Bachelor's Programs
Learn about start dates, transferring credits, availability of financial aid, and more by contacting the universities below.
Financial Manager
Financial managers typically work for private-sector organizations, especially in the finance and insurance industries. Taking both short-term and long-term views, they identify organizational finance goals and create strategies for meeting them. Financial managers also play a major role in selecting and managing investments.
- Job Outlook (2022-32): +16%
- Median Annual Salary: $156,100
Source: BLS
Actuary
Actuaries specialize in applying mathematical modeling, statistical analysis, and risk theory to calculate the financial costs associated with uncertainty. In addition to a bachelor's degree, the profession requires practitioners to pass a series of rigorous examinations. Commonly associated with the insurance industry, actuaries also work in finance, enterprise management, and government.
- Job Outlook (2022-32): +23%
- Median Annual Salary: $120,000
Source: BLS
Certified Management Accountant
Certified management accountants (CMAs) offer advanced expertise in both managerial accounting and financial strategy. Operating at the intersection of these two specializations, CMAs play leading roles in organizational financial planning, analysis, and decision-making. CMAs also help their employers and clients identify and mitigate financial and operational risks.
- Job Outlook (2022-32): +4%
- Average Annual Salary (May 2024): $101,000
- Additional Credentials: CMA Certification
Source: BLS, Payscale
Certified Public Accountant
Certified public accountants (CPAs) prepare financial statements, tax filings, and internal financial records for their clients or employers. They also offer consulting and financial analysis services, and some perform internal or external audits of financial records. To work as a CPA in the United States, you must earn and maintain a state-issued license.
- Job Outlook (2022-32): +4%
- Average Annual Salary (May 2024): $98,000
- Additional Credentials: CPA License
Source: BLS, Payscale
Budget Analyst
Budget analysts examine financial data for large organizations and companies, preparing reports on financing and spending. They play a significant role in organizational management and planning, applying specialized skills and tools to monitor clients' financial health. Budget analysts also evaluate budgeting requests and make recommendations on spending priorities.
- Job Outlook (2022-32): +3%
- Median Annual Salary: $84,940
- Additional Credentials: Chartered Financial Analyst
Source: BLS
Common Questions About Accounting Career Paths
What are the highest-paying accounting jobs?
The highest-paying jobs with an accounting degree include financial manager, actuary, and CMA roles. As of May 2024, all three of these careers pay median or average salaries in the six-figure range.
What is the best degree for an accounting job?
A bachelor's degree in accounting offers a favorable return on educational investment, as the credential may help you qualify for entry to multiple high-paying career paths. However, some professionals elect to add a master's degree in accounting or an MBA to access additional advancement opportunities.
What can you do with an accounting degree?
You can qualify for many jobs with an accounting degree. Entry-level positions include bookkeeper and auditing or accounting clerk roles. With more experience or training, you can earn CPA or CMA certification. Among other paths, you can also pursue a career as an actuary, auditor, financial manager, or budget analyst.
Is an accounting degree worth it?
Many education and labor market experts rank accounting among the most practical and high-paying college majors. With a bachelor's degree in accounting, you can enter multiple career paths with excellent earning, growth, and advancement potential.
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