The accounting field is driven by globalization, technological advancements, and shifting financial regulations. For those considering this dynamic industry, career options extend far beyond traditional roles. Read on to explore these growing accounting career opportunities and discover how different educational paths can unlock diverse professional possibilities.
What Will I Learn With an Accounting Degree?
Pursuing an accounting degree equips students with essential skills such as financial reporting, auditing, taxation principles, and budgeting. There are two common degree paths, depending on one’s professional trajectory and goals:
- A bachelor’s in accounting typically covers foundational topics like financial accounting, cost management, and ethics.
- A Master of Business Administration (MBA) in Accounting delves deeper — preparing students for leadership roles by emphasizing strategic financial decision-making, managerial accounting, and complex financial analysis.
What Can You Do With a Bachelor’s in Accounting?
A bachelor’s degree in accounting can open doors to various entry and mid-level career paths where professionals ensure financial accuracy, compliance, and informed financial decisions.
Auditor
Auditors play a vital role in ensuring the accuracy and integrity of financial reporting. They are responsible for reviewing a company’s financial statements to ensure they are accurate and comply with generally accepted accounting principles. Auditors may also investigate potential fraud or mismanagement and provide recommendations on improving financial reporting and internal controls. While some auditors work for public accounting firms, others work in-house for the companies they audit. Regardless of where they work, all auditors must have a strong understanding of accounting and auditing standards, be able to identify risk areas and communicate their findings.
The United States Bureau of Labor Statistics (BLS) categorizes auditors with general accountants. According to the BLS as of May 2024, auditors have a median annual salary of $81,680 and, as of 2023, a 6% average growth rate through 2033, which is slightly faster than average for all occupations.
Certified Public Accountant
A Certified Public Accountant (CPA) is a designation given to accounting professionals who have met specific education and experience requirements and have passed a Uniform CPA Examination. CPAs are regulated by state boards of accountancy and are bound by a code of professional ethics. They provide a wide range of services for public accounting firms, corporations, or government agencies, including auditing, tax preparation, and financial consulting. Some CPAs also work as freelance consultants. To become a CPA, candidates must complete a certain amount of college-level coursework in accounting and related subjects. They must also pass the CPA Exam, administered by the American Institute of Certified Public Accountants (AICPA). Once they have met these requirements, they can apply for licensure from their state board of accountancy. Licensure allows CPAs to practice public accounting within their state. Each state has different requirements for licensure, so it is important to check with your state board for specific details. CPAs are the only accounting professional who may represent their client in court before the Internal Revenue Service (IRS).
Attaining the Certified Public Accountant (CPA) designation is a significant professional achievement that can catalyze career progression and salary growth for accounting professionals.
Forensic Accountant
A forensic accountant specializes in examining financial records to look for evidence of criminal activity. They use their accounting, auditing, and investigative skills to detect and prevent financial crimes, including everything from embezzlement and money laundering to fraud and tax evasion. They may work for law enforcement agencies, private investigation firms, or accounting firms. Many forensic accountants have experience working in public accounting or as auditors. This experience helps them to understand financial statements and identify irregularities that may indicate fraud. To be effective, forensic accountants must have a strong understanding of both accounting and the law. They must be able to spot irregularities in financial records and then use this information to build a case against the person or persons responsible. Forensic accountants play an important role in bringing criminals to justice, and their skills are in high demand by both law enforcement agencies and private companies.
The BLS categorizes forensic accountants with general accountants. According to the BLS, accountants have a median annual salary of $81,680 and a 6% average growth rate through 2033.
Financial Analyst
A financial analyst is a professional who performs work concerned with forecasting financial performance and managing financial risks. Financial analysts are employed in various industries, including banking, insurance, accounting, and investment. They typically have a bachelor’s degree in business, economics, or finance, and many also hold certification, such as the Chartered Financial Analyst (CFA) designation. The job of a financial analyst can be divided into two main categories: sell-side and buy-side. Sell-side analysts work for banks and other institutions that trade securities, while buy-side analysts work for institutional investors, such as insurance companies, pension funds, and mutual funds. Financial analysts use their skills to analyze financial data and recommend to their clients or employers how to best manage their finances. Financial analysis can be used to make investment decisions, assess a company’s performance, or predict future economic trends.
According to the BLS, financial analysts have a median annual salary of $101,910 and a projected 9% average growth rate through 2033, which is notably faster than the average for all occupations.
Financial Examiner
Financial examiners ensure compliance with laws governing financial institutions and transactions. They analyze financial statements, review compliance procedures, and manage risks to protect consumers and maintain financial market stability. Additionally, financial examiners recommend corrective actions when institutions fail to meet regulatory requirements, help establish improved financial policies, and frequently collaborate with auditors and regulatory agencies to streamline examination processes.
According to the BLS, financial examiners earn a median salary of $90,400 per year, with a significant projected growth of 21% from 2023 to 2033.
Financial Advisor
A financial advisor assists clients in managing their finances through personalized advice on investments, retirement planning, tax strategies, and insurance products. Their goal is to help individuals and businesses achieve their financial objectives and secure their financial futures. Financial advisors continuously monitor financial markets and stay updated on tax laws, as well as adapt financial plans to changing client circumstances. Effective communication, trust-building, and a comprehensive understanding of financial instruments are essential skills for success in this role.
According to the BLS, personal financial advisors have a median annual salary of $102,140 and a job outlook of 17% growth 17% through 2033 — much faster than average.
Budget Analyst
Budget analysts play an essential role in helping organizations to stay financially prudent and to make the most of their resources. A budget analyst reviews an organization’s financial documents and recommends how the organization can save money and improve its financial health. Budget analysts typically have a background in accounting or finance, and they use this knowledge to examine an organization’s spending patterns and make recommendations for where cuts can be made. In many cases, budget analysts also work with organizations to develop long-term financial plans. This may involve projecting future income and expenses and making recommendations for how the organization can best allocate its resources.
According to the BLS, budget analysts have a median annual salary of $87,930 and a projected 4% average growth rate through 2033, as fast as the average for all occupations.
Internal Auditor
Internal auditors ensure an organization is operating effectively and efficiently. They evaluate internal controls, financial reporting, and risk management processes. Internal auditors may also advise on improving operations and compliance with laws and regulations. Internal auditors typically report to the board of directors or audit committee and may also be involved in training staff on financial and risk management topics. While the specific duties of an internal auditor vary depending on the organization, all internal auditors play a critical role in promoting good governance and preventing fraud.
According to Investopedia and based on Payscale data, internal auditors may bring in an average annual salary of more than $66,000 as of 2024.
What Can You Do With an MBA in Accounting?
An MBA in Accounting prepares graduates for high-level positions, combining advanced financial knowledge with managerial and strategic leadership skills to guide organizations through complex financial landscapes.
Controller
A controller, or financial controller, is a senior-level executive responsible for a company’s financial health. They produce financial reports, direct investment activities, and develop strategies to ensure the company meets its financial goals. Financial controllers also work closely with other senior management team members to ensure their organization’s money is being spent wisely. The financial controller may report to the chief financial officer (CFO) in larger companies. In smaller companies, the financial controller may be the CFO. The exact duties of a financial controller vary depending on the size and type of company. However, all controllers are responsible for ensuring their organization’s financial stability.
The BLS combines controllers with financial managers and reports a median annual salary of $161,700 with a 17% average growth rate through 2033, much faster than average for all occupations.
Financial Manager
A financial manager is a professional who oversees the financial affairs of an organization, and as such, they must be an expert in financial planning, analysis, and decision-making. The role of a financial manager can vary depending on the size and type of organization but typically includes creating budgets, analyzing variances, and forecasting future needs. In small organizations, the financial manager may perform all of the duties related to financial management. In larger organizations, there may be multiple financial managers, each responsible for a specific area, such as budgeting, investments, or risk management. Financial managers must be able to effectively communicate their recommendations to both senior management and front-line employees. They also need to work well under pressure and meet deadlines. Strong analytical and problem-solving skills are essential, as is the ability to think creatively. Financial managers typically have at least a bachelor’s degree in business or accounting, and many also hold advanced degrees. Certifications such as the Certified Financial Planner (CFP®) certification or Certified Management Accountant (CMA) are becoming increasingly common.
As stated above, financial managers have a median annual salary of $161,700 and a projected 17% average growth rate through 2033.
Tax Manager
A tax manager is a professional who helps businesses and individuals comply with tax regulations. Tax managers typically have a wide range of responsibilities, from ensuring that financial records are accurate to preparing tax returns. In many cases, tax managers also provide consulting services and offer advice on how to minimize tax liability. Because of tax law’s complex and ever-changing nature, tax managers must be highly knowledgeable and up-to-date on the latest developments. At the same time, they must also be able to communicate effectively with clients and other members of the financial team. As a result, tax managers play a vital role in ensuring that businesses and individuals meet their tax obligations.
According to Salary.com, tax managers have an average annual salary of $125,382 as of 2025.
Management Consultant
A management consultant is a professional who advises organizations to help them improve their performance. Management consultants work with organizations to identify problems and opportunities and develop and implement solutions to improve efficiency and effectiveness. To be successful, management consultants must have a deep understanding of business operations and be able to think strategically. They must also be excellent communicators, as they often need to present their findings and recommendations to senior executives. While the role of a management consultant can vary depending on the organization, most management consultants provide advice on strategy, marketing, finance, and operations.
The BLS combines management consultants and management analysts. According to the BLS, management consultants have a median annual salary of $101,190 and a 11% average growth rate through 2033, faster than the average for all occupations.
Investment Banker
Investment bankers facilitate significant financial transactions, including mergers and acquisitions, securities underwriting, and capital raising efforts. They leverage advanced financial analysis, market insights, and negotiation skills to help entities from corporations to governments navigate complex financial deals successfully. Investment bankers often develop sophisticated financial models, conduct valuation assessments, and advise clients on optimal strategies for financial growth. They also work extensively with regulatory bodies to ensure compliance and maximize transaction effectiveness.
Categorized under roles of securities, commodities, and financial services sales agents, the BLS reports these professionals earn a median annual salary of more than $78,000 and will experience a growth rate of 7% between 2023 and 2033.
Discover the Ideal Accounting Program for Your Career Goals
At Johnson & Wales University Online, we offer both a Bachelor of Science in Accounting and a Master of Business Administration in Accounting that can set you on the career path toward the accounting realm and professional success. Delivered 100 percent online, our undergraduate program is designed for students to come away with a grasp of core accounting concepts and the ability to handle day-to-day accounting operations. The accounting graduate degree is well-suited for busy, working professionals looking to take the next step in their careers equipped with advanced knowledge paired with real-world acumen.
For more information about completing your degree online, complete the Request Info form, call 855-JWU-1881, or email [email protected].