Accountants: Salary, Job Description, How To Become One, and Quiz

Stanley TanCareer, Overview

Accountants career information
pros and cons of being an Accountant

Accountants

analyze financial information and prepare financial reports to determine or maintain record of assets, liabilities, profit and loss, tax liability, or other financial activities within an organization.

$78820
Salary
71%
Job Satisfaction
Hard
Becoming One
Medium
Job Growth
Suitable Personality

Accountants

Salary, Job Description, How To Become One, and More


In this career summary, you will find out what the job of an Accountant is about and what it is like.

After reading this, you will have a good idea on what the job is about and decide if this is the right career for you.



Job description

Accountants analyze financial information and prepare financial reports to determine or maintain record of assets, liabilities, profit and loss, tax liability, or other financial activities within an organization.


    Read more about what does an Accountant really do at work and what is it like being and working as one.




    Become one

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    Salary

    Average salary
    $78820 per year

    Average hourly wage
    $38 per hour


    Accountants with little to no experience tend to make between $43650 and $55070 while the more experienced ones can earn over $92910 per year.

    Top 5 paying statesHourlyAnnual
    DC$47$98,130
    NY$46$96,300
    NJ$43$90,400
    VA$41$85,640
    CT$41$84,890

    One of the easiest ways to increase your salary as an Accountant is to move to a higher paying state like DC. Right now, the highest paying states for Accountants are DC, NY, NJ, VA and CT.

    However a higher pay at DC doesn’t guarantee that you will make more because the living expenses at DC might be twice as high than where you are currently at now.

    Three other factors that can increase your salary as an Accountant is the degree you hold, the industry you work in and lastly the company you work for.



    Requirements

    Recommended degree level
    Bachelor’s Degree

    We asked other Accountants what degree they had when they got the job and most of them said they had a Bachelor’s Degree followed by a College Certificate.

    Other than that, we also asked them what did they major in and here are the most popular majors that came up.

    Accounting and Computer Science
    Financial Forensics and Fraud Investigation
    Accounting
    Auditing
    Accounting and Finance

    Read more about how to become an Accountant and the degree, training and education you need.



    Pros and Cons

    Here are some of the pros and cons of being an Accountant.

    PROS
    Suitable for people who likes to follow routines
    Suitable for people who values achievements and are results-oriented
    This career is perfect for people who love to work indoors.
    Very good salary
    Normal working hours (40 hours per week)
    CONS
    Not suitable for people who likes to work with designs
    It is hard to get into this career. A considerable amount of work-related skill, knowledge, or experience is required for this career.



    What is the job like

    Job satisfaction
    71%

    Is this job meaningful
    38%


    71% of Accountants said they were satisfied with their job and 38% said they feel like their job is making other people’s lives better.



    Is this right for me

    Best personality for this career
    The Organizers and The Entrepreneurs


    You can read more about these career personality types here.

    People who are suitable for this job tends to like following set procedures and routines. They like working with data and details more than with ideas..

    They also like starting up and carrying out projects. They like leading people and making many decisions. Sometimes they require risk taking and often deal with business.



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    Related career information

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