Accounting Career Outlook
The Jobs Outlook for Accounting
The accounting career outlook is expected to grow over the next several years. According to the U.S. Bureau of Labor Statistics, employment of accountants and auditors is projected, on a national level, to increase 4 percent from 2019 to 2029. On average, about 125,700 openings for accountants and auditors are anticipated each year over the decade. That demand is driven by globalization, a growing economy and the tax and regulatory environment.1
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Common Accounting Job Titles
A public accountant can have a wide range of accounting, auditing and tax responsibilities. Some public accountants have their own businesses while others work for public accounting firms. They often work with financial documents that are required by law, such as tax return preparation for individuals or corporations. Public accountants are expected to have deep knowledge of data management, economics, financial planning and tax law.
This role involves maintaining the records of government agencies, as well as the auditing of organizations and individuals for compliance with government regulations and tax laws. Government accountants can be employed at the federal, state or local level, and are responsible for ensuring that revenue is both received and spent appropriately.3
Sometimes referred to as cost or corporate accountants, management accountants are responsible for overseeing accounting and financial records in order to help guide decision-making. They are also responsible for developing budgets so that organizations can efficiently plan for the cost of doing business.
People in this role are responsible for ensuring the appropriate use of an organization’s funds, revenue and internal controls. Typically, external auditors are employed by an outside organization, rather than the organization that is being audited. Responsibilities include reviewing financial statements and determining whether they have been fairly prepared and reported.
An internal auditor has responsibilities that are similar to that of an external auditor, but this role is found within an organization and is dedicated to finding ways to improve efficiencies and reduce financial risks.
Accounting Licenses and Certifications
There are several professional certifications that accounting professionals can pursue. One of the most widely recognized accounting credentials is that of a Certified Public Accountant (CPA).4 To become a CPA requires passing a four-part exam and completing at least 150 semester hours of post-secondary coursework related to accounting, in addition to other requirements.5 At DeVry, our accounting programs include elements of Becker Professional Education’s industry-leading CPA Exam prep built right into the coursework, so you’ll gain exposure to today’s most relevant accounting principles.2
Other accounting certifications include: Certified Management Accountant (CMA), Certified Fraud Examiner (CFA), Certified Internal Auditor (CIA), Certified in Financial Forensics (CFF), Chartered Global Management Accountant (CGMA), Certified Government Auditing Professional (CGAP), Certified Financial Services Auditor (CFSA) and Certification in Risk Management Assurance (CRMA).
1Local growth will vary by location. https://www.bls.gov/ooh/business-and-financial/accountants-and-auditors.htm#tab-6
2Credits and degrees earned from this institution do not automatically qualify the holder to participate in professional licensing exams to practice certain professions. Persons interested in practicing a regulated profession must contact the appropriate state regulatory agency for their field of interest. For instance, typically 150 credit hours or education are required to meet state regulatory agency education requirements for CPA licensure.