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

Stan T.Career, Overview

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.

  • Maintain or examine the records of government agencies.
  • Develop, maintain, and analyze budgets, preparing periodic reports that compare budgeted costs to actual costs.
  • Prepare, examine, or analyze accounting records, financial statements, or other financial reports to assess accuracy, completeness, and conformance to reporting and procedural standards.
  • Review accounts for discrepancies and reconcile differences.
Read more about what does an Accountant really do at work and what is it like being and working as 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

Accountants job description, Accountants salary, Accountants information, what is the job of an Accountant like, pros and cons about Accountants, colleges and universities for Accountants, is Accountants the right career for me, careers in Business and Finance

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