Managerial Accounting Degree Job Opportunities

Find Career and Employment Opportunities in Managerial Accounting

Managerial accounting degrees prepare students to work with accounting and financial information to assist in making management decisions. By obtaining a degree in managerial accounting, a student will be prepared to obtain employment as financial managers, certified public accountants, or budget analysts.

Managerial Accounting Degree Programs

Managerial accounting degrees can be completed at the associate, bachelors, or master’s degree levels. Students pursuing this type of degree will need to complete coursework in:

  • Microeconomics
  • Tax law
  • Statistics
  • Business writing
  • Database management
  • Management strategies
  • Accounting
  • Financial principles

Students that wish to become certified public accountants (CPA) will need to complete at least 30 credits of coursework beyond the bachelor’s degree level, and they will also need to complete a Certified Public Accountant examination after graduation. Students that complete this coursework and earn their respective degrees will be prepared to work as financial managers, budget analysts, and certified public accountants.

Budget Analyst Job Opportunities for Managerial Accounting Degree Graduates

A budget analyst is a financial professional that prepares budgets for organizations and government agencies. They obtain formation to fund projects and then ensure that the funds are being allocated properly. They generally create one budget per year, and during the rest of the months they produce interim reports regarding expenditures and yearly progress. Budget analysts review operating budgets to analyze trends affecting budget needs. They also examine budget estimates for accuracy, conformance, and completeness with regulations and procedures. The median annual salary for budget analysts was over $58,000 in 2009, but competition for these jobs is high. Job growth is also expected to be slower than the average career field.

Financial Manager Job Opportunities for Managerial Accounting Degree Graduates

Financial managers monitor cash flow and management, create investment portfolios, supervise financial reports, and monitors profit management. Financial managers may also have the job titles of:

  • Treasurer
  • Controller
  • Credit manager

Financial managers often oversee the flow of cash or financial instruments and evaluate or examine loan applications. They may also approve or reject lines of credit of loans for commercial or residential real estate. Financial managers work at a variety of levels of business, and most have at least master’s degrees. However, this advanced degree is not always needed in order to get a job as a financial manager. According to the U.S. Bureau of Labor Statistics, the median annual salary of a financial manager in 2009 was $101,190.

Certified Public Accountant Job Opportunities for Managerial Accounting Degree Graduates

Certified public accountants may be more commonly known in the short form of CPAs. These accounting professionals provide services in auditing and accounting to organizations, government agencies, and individuals, and they may specialize in one particular area of accounting. Some of the potential areas a CPA can specialize in include:

  • Employee health care
  • Data processing software
  • Tax accounting
  • Worker compensation
  • Forensic accounting
  • Auditing

Accountants analyze business operations, revenues, financial commitments, costs, and obligations, and they also provide auditing services for both individuals and businesses. They may also advise clients about compensation and employee health care benefits. CPAs are required to complete at least a bachelor’s degree and must then pass a long and difficult exam to become certified. It is believed that three out of four individuals that take the test will fail it on their first attempt, but once passed, CPAs also need to continue their education with at least 40 hours of coursework each year to maintain certification. According to the U.S. Bureau of Labor Statistics, the median annual salary for certified public accountants in 2009 was $60,340.

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