Career Outlook

Accounting Student Rosemary Sanchez

Accounting at a Glance

Accounting Student Rosemary Sanchez

Education Required

Most accountants need at least a Bachelor’s degree in accounting or a related field. Certification within a specific field of accounting improves job prospects. For example, many accountants become Certified Public Accountants (CPAs).

Typical Tasks Performed

  • Prepare and file taxes in a timely manner
  • Examine financial statements for accuracy and compliance
  • Inspect company’s or organization’s accounting system for efficiency

Outlook for Employment

According to the Bureau of Labor Statistics, U.S. Department of Labor, employment of accountants is projected to grow 10 percent through 2026, faster than the average of all occupations. Job experts expect that:

  • As the economy grows, more accountants will be needed to prepare and examine financial records.
  • There will be increased demand for accounting services as organizations seek to comply with new standards.
  • Continued globalization of business should lead to increased demand for accounting experts and services related to international trade mergers and acquisitions.

Industries That Employed the Most Accountants in 2016:

  • Accounting, tax preparation, bookkeeping, and payroll services – 25%
  • Government – 8%
  • Finance and insurance – 8%
  • Management of companies and enterprises – 7%
  • Self-employed workers – 7%

Please note that these are national statistics and projections that might vary by location.

Source: Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, 2016-17 Edition https://www.bls.gov/ooh/business-and-financial/accountants-and-auditors.htm#tab-3

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