Average Salary Of Accounting Degree Graduates

Accounting is a lucrative field which ensures smooth running of business due to sound financial records

. If you aspire to work as an accountant, you need to have a minimum of a bachelors degree. You can opt for work settings like government, public accounting and business management. You can also work as an internal auditor.

How Much Can Accounting Graduates Earn?

The salary for a qualified and licensed accountant is quite high and competitive. You can earn even more if you have a specialization in a specific area like forensic accounting, insurance, non-profit organizations or auditing. Of course the salary varies with the academic level you pursue, ranging from an associates degree to a masters degree or even a PhD.

Salary with an Associates Degree in Accounting

An Associates Degree in Accounting can help you to get an entry level job as a payroll assistant, bookkeeper or an audit clerk. According to the U.S. Department of Labor, the average annual salary at this level in May 2008 was $32,510.

Salary with a Bachelors Degree in Accounting

Though an associates degree can get you an entry level, most of the accounting jobs require you to have a minimum of a Bachelors Degree in Accounting. According to the U.S. Department of Labor Report of May 2008, the median annual salary of accountants and auditors was $59,430. According to PayScale Report of December 2010, the average annual salary of a staff accountant varied from $38,599 to $49,775.

Salary With a Masters Degree in Accounting

A Masters Degree in Accounting can help you to opt for specializations and also take up jobs as senior accountants or supervisors. According to a salary survey conducted by the National Association of Colleges and Employers in July 2009, master's degree graduates earned a median salary of $49,786 initially and their average salary in December 2010, according to PayScale, ranged between $49,911 to $65,276.

Your salary is also dependent on the college attended, your academic performance, the industry and your job position. Graduates with degrees from top accounting schools can demand a higher salary. Moreover, you can earn very attractive salary if you are working for the federal government and can also enjoy perks and incentives.

However, you need to have advanced academic qualifications along with experience to get the desired salary. An Online Degree Program in Accounting can help you to gain the required qualifications even while working and adding up your work experience.

by: Rachel Scott

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