Tired of time-wasting? You’re not alone. Searching for accounting jobs in the US is tricky. The job market changes constantly. How many opportunities are out there for accountants? This blog will tell you!
Also, you’ll discover how to make the most of these job openings!
Introduction
Accounting is a must for any business. There are lots of accounting jobs in the US. From bookkeeping to auditing, the field of accounting offers varied career paths in many industries. According to the Bureau of Labor Statistics, 1.46 million accounting jobs were in the US in 2020. Plus, job growth is expected to increase by 4% from 2019-2029. This is due to the growing complexity of financial regulations and businesses needing to comply with new laws. The need for accounting professionals will stay high. Especially in the areas of tax prep, forensic accounting, and financial analysis. If you pursue a career in accounting, stability, growth, and advancement can be yours.
Overview of the US Accounting Job Market
The US accounting job market is booming! It offers great pay, job security, and 1.4 million jobs in 2020 alone. These jobs span many industries, like public accounting, finance, healthcare, and government.
The need for financial analysis and reporting keeps increasing, and so does the need for qualified accounting professionals. Predictions say the field of accounting will grow by 4% in the next few years, adding around 61,000 jobs to the US job market.
Pursuing a career in accounting can be hard work but also rewarding. It has potential for advancement and a steady income.
Pro Tip: To stand out in this competitive job market, it’s important to get professional certifications and keep learning.
Types of Accounting Jobs Available
Do you have accounting skills and experience? In the US, there are plenty of accounting jobs to choose from! Here are some of the most popular:
- Staff Accountant: This entry-level role is about keeping financial records and producing financial reports for companies or organisations.
- Certified Public Accountant (CPA): You must pass a hard national exam to become a CPA. They can offer various financial services, such as tax preparation, financial planning, and auditing.
- Financial Analyst: Analyze financial data and create reports to help businesses make informed decisions.
- Accounting Manager: Manage the accounting department, oversee financial operations, and manage staff.
- Tax Accountant: Tax accountants focus on tax law and are responsible for preparing tax returns and making sure clients stick to all tax regulations.
Pro Tip: Consider which type of accounting job best fits your skills and interests before you start looking for one. There are job possibilities in many industries, such as finance, healthcare, and government.
Demand for Accounting Jobs
The US is always needing more accountants, due to the growing economy and modern business operations. In May 2020, the Bureau of Labor Statistics showed 1.4 million accountant and auditor jobs in the US, with an increase of 4% from 2019 to 2029. This growth is faster than the average for other jobs. The demand for accounting professionals will be highest in industries such as healthcare, technology, and finance. It’s important for accounting professionals to keep up with the latest tech and industry news to stay competitive. Another tip: getting extra certifications and specializing in a certain area can make you stand out in the job market.
Average Salaries for Accounting Jobs
Data from the Bureau of Labor Statistics shows there were 1.4 million accounting jobs in the USA in 2020. It’s projected to grow by 4% by 2030.
Average salaries vary, depending on the job and experience. For example, bookkeeping, accounting and auditing clerks earned $43,650 in 2020. Budget analysts made $80,080, while financial analysts made $83,660. Accountants and auditors earned $79,520 and management analysts made $98,230.
Remember, salaries can differ based on where you live, education and experience.
Qualifications and Skills Required for Accounting Jobs
Accounting jobs in the U.S. are plenty and always in demand. Qualifications and skills are musts to be eligible to apply. Here are some qualifications and skills required:
Qualifications:
A bachelor’s degree in accounting or finance from an accredited institution is a must. A master’s degree in accounting or an MBA with a focus on accounting is an added bonus. CPA credential is desirable for senior positions.
Skills:
Good communication, analytical, and problem-solving skills are important. Knowledge of accounting software such as QuickBooks, Oracle, or SAP is desirable. Understanding of tax laws, auditing, financial statement analysis, and budgeting is needed. Attention to detail, accuracy, and meeting deadlines are essential for success.
Job Search Tips for Accounting Jobs
In US, accounting offers lots of job prospects. According to Bureau of Labor Statistics, there were 1.4 million accounting jobs in 2020. Plus, the growth rate from 2019-2029 is 4%, which is close to the typical for all occupations. To make your accounting job hunt successful, here are few tips:
- Renew your resume and shape it to the accounting job you’re going for.
- Link up with industry pros through LinkedIn and other professional networks.
- Attend career fairs and job search activities to connect with potential companies.
- Apply for internships or entry-level roles to get experience.
- Take into account getting certifications like CPA or CMA to increase credentials.
Pro Tip: When applying for accounting job, reveal your related experience, abilities, and training that fit with the job qualifications. A customized resume and an individualized cover letter can make a big difference to prospective employers.
Conclusion
In conclusion, the US job market has a high demand for accounting professionals. Accounting is a core business function that has become even more important as new industries and technology have developed. The Bureau of Labor Statistics states that 1.4 million accounting jobs existed in 2020, with an average salary of $82,000.
There are various job opportunities, like public accounting, tax preparation, auditing, and financial analysis. Furthermore, e-commerce and globalization are projected to increase the need for accounting services. For those looking for a stable career, accounting is an excellent option.
Frequently Asked Questions
1. How many accounting jobs are there in the US?
According to the Bureau of Labor Statistics, there were approximately 1.4 million accounting jobs in the US as of 2019.
2. What are some popular accounting jobs in the US?
Popular accounting jobs in the US include Certified Public Accountant (CPA), Auditor, Financial Analyst, and Bookkeeper.
3. Do accounting jobs require a degree?
Most accounting jobs in the US do require at least a bachelor’s degree in accounting or a related field. Some employers may also require a master’s degree or CPA certification.
4. Where are most accounting jobs located in the US?
According to the Bureau of Labor Statistics, the states with the highest employment levels for accountants and auditors as of 2019 were California, Texas, and New York.
5. Is the demand for accounting jobs increasing or decreasing in the US?
The demand for accounting jobs in the US is expected to increase by 4% from 2019 to 2029, which is about as fast as the average for all occupations.
6. What skills are required for accounting jobs in the US?
Some of the key skills required for accounting jobs in the US include proficiency in bookkeeping software and spreadsheets, attention to detail, strong analytical skills, and communication skills.