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What is an accounting analyst and how to become one

Updated January 8, 2025
5 min read
Quoted experts
Terri Walsh,
Jodi Olson
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Accounting analysts analyze financial data to provide insights and recommendations to improve business performance. They use accounting principles and software to prepare financial reports, track expenses and revenue, and identify trends in financial data. Accounting analysts may also be responsible for monitoring budgets, forecasting future financial performance, and assisting with audits. Strong analytical skills, attention to detail, and proficiency in accounting software are essential for success in this role.

What general advice would you give to an accounting analyst?

Terri WalshTerri Walsh LinkedIn profile

Professor/Program Manager, Accounting, Seminole State College of Florida

Advice for a business student: Most students do not major in accounting if they are a business major, and many regret later not having done so, if they graduate without any internship/business experience. Besides, if the economy is not doing well and jobs are not plentiful (this is the case now with COVID 19), accounting is a very recession-proof degree, as you come out of college with skills, and aptitude work, and pay attention to detail, and problem solve.

I would also tell a business major that if they have an aptitude in accounting, that can be evaluated by their first basic accounting class, I would ask them to speak to the principal in it and keep persevering with an accounting degree. And would tell a business major to stay focused on graduating in accounting, NO MATTER how much work it is or how hard it is compared to the other business majors, because this degree gets you a JOB at the end of the degree and a career path that does not need to stay in accounting. If a student has a work ethic in studying and an aptitude in learning, this is the best business degree you can achieve because many degrees are general. At the same time, employers look, these days, for specific skill sets, and problem-solving, and critical thinking. Accounting degrees give you specific skill sets, AND problem-solving, and critical thinking skills. You should also take other classes to add value to your accounting degree, which many community/state colleges offer, like QuickBooks Accounting (learning a basic computerized accounting system), EXCEL, SQL, etc. I would also tell an accounting major to get involved in the accounting clubs/societies at their schools, and their communities, and nationally. Student Accounting Society (SAS) is a way to begin in Freshman and Sophomore years, and then there is the Beta Alpha Psi (BAP) for high-GPA accounting majors, and where the Big Four public accounting firms recruit from. In addition to that, there are the state CPA societies like, the Florida Institute of Certified Public Accountants (FICPA), and the national CPA society: AICPA (American Institute of Certified Public Accountants). As an accounting major, switched from Communications/Drama, to make sure I had a job at the end of my formal schooling, I joined the SAS, BAP, FICPA, and AICPA. Also, the National Association of Black Accountants is a great organization to expand a student's networking opportunities. Student membership in these organizations is free, and scholarships are available as well.

For graduates pursuing a career in accounting, my advice would differ if I advise while in school versus after they graduate. If they are still in school, and they are not sure what area of accounting to work in, I would suggest they choose the public accounting route first and, depending on their level of interest in global versus regional versus local, I would tell them to try to get into auditing and pursue their CPA license (they can start sitting for the exam after a bachelor's in accounting, in the state of Florida), so they can work with a variety of clients and see the differences in their accounting systems, their industries, their internal control systems, and their company culture. The auditing field allows a graduate beginning his/her career to see a plethora of pathways in accounting. Sometimes, depending on the graduate's interests, like in TAX, Internal control, corporate accounting, etc., they may want to jump into an organization's entry-level accounting job. Regardless of their start, a degree will not have given the accounting graduate all the skill sets in EXCEL/Spreadsheets required for the job. So I highly recommend taking refresher courses at a local community college or online, with places like Udemy.com, where they can find high-quality, on-demand, online training in these skills.
ScoreAccounting AnalystUS Average
Salary
4.6

Avg. Salary $58,399

Avg. Salary $59,228

Stability level
5.4

Growth rate 6%

Growth rate 0.3%

Diversity
6.3
Race

American Indian and Alaska Native 0.46%

Asian 14.26%

Black or African American 8.69%

Hispanic or Latino 11.03%

Unknown 3.96%

White 61.59%

Gender

female 58.44%

male 41.56%

Age - 43
Race

American Indian and Alaska Native 3.00%

Asian 7.00%

Black or African American 14.00%

Hispanic or Latino 19.00%

White 57.00%

Gender

female 47.00%

male 53.00%

Age - 43
Stress level
5.4

Stress level is manageable

7.1 - high

Complexity level
8.3

Complexity level is challenging

7 - challenging

Work life balance
6.7

Work life balance is good

6.4 - fair

What are the pros and cons of being an accounting analyst?

Pros

  • High demand for accounting analysts

  • Ability to work in various industries

  • Exposure to different areas of accounting and finance

  • Opportunity to develop analytical and problem-solving skills

  • Exposure to new technologies and software

Cons

  • High level of attention to detail required

  • Limited creativity and autonomy in decision-making

  • Needs continuous learning to keep up with new regulations, standards, and technologies.

  • Requires sitting in front of a computer for long periods.

  • May require working with difficult or demanding clients.

Accounting analyst career paths

Key steps to become an accounting analyst

  1. Explore accounting analyst education requirements

    Most common accounting analyst degrees

    Bachelor's

    73.9 %

    Master's

    11.3 %

    Associate

    10.8 %
  2. Start to develop specific accounting analyst skills

    SkillsPercentages
    Reconciliations12.39%
    Customer Service6.61%
    Account Reconciliations5.60%
    GAAP5.25%
    Strong Analytical3.94%
  3. Complete relevant accounting analyst training and internships

    Accountants spend an average of 1-3 months on post-employment, on-the-job training. New accounting analysts learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as an accounting analyst based on U.S. Bureau of Labor Statistics data and data from real accounting analyst resumes.
  4. Gain additional accounting analyst certifications

    Accounting analyst certifications can show employers you have a baseline of knowledge expected for the position. Certifications can also make you a more competitive candidate. Even if employers don't require a specific accounting analyst certification, having one may help you stand out relative to other applicants.

    The most common certifications for accounting analysts include Certified Public Accountant (CPA) and Certified Management Accountant (CMA).

    More About Certifications
  5. Research accounting analyst duties and responsibilities

    • Manage and process all ACH, EFT and wire transfer transactions daily (debit or credits).
    • Manage reconciling monthly discrepancies between ERP transfers.
    • Manage budget submissions by subsidiaries in Europe/AFNE region in Hyperion.
    • Establish investment objectives to efficiently manage IPO proceeds within state risk parameters.
  6. Prepare your accounting analyst resume

    When your background is strong enough, you can start writing your accounting analyst resume.

    You can use Zippia's AI resume builder to make the resume writing process easier while also making sure that you include key information that hiring managers expect to see on an accounting analyst resume. You'll find resume tips and examples of skills, responsibilities, and summaries, all provided by Zippi, your career sidekick.

    Choose from 10+ customizable accounting analyst resume templates

    Build a professional accounting analyst resume in minutes. Browse through our resume examples to identify the best way to word your resume. Then choose from 10+ resume templates to create your accounting analyst resume.
    Accounting Analyst Resume
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    Accounting Analyst Resume
  7. Apply for accounting analyst jobs

    Now it's time to start searching for an accounting analyst job. Consider the tips below for a successful job search:

    1. Browse job boards for relevant postings
    2. Consult your professional network
    3. Reach out to companies you're interested in working for directly
    4. Watch out for job scams

How did you land your first accounting analyst job

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Average accounting analyst salary

The average accounting analyst salary in the United States is $58,399 per year or $28 per hour. Accounting analyst salaries range between $42,000 and $79,000 per year.

Average accounting analyst salary
$58,399 Yearly
$28.08 hourly

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Accounting analyst reviews

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A zippia user wrote a review on Jun 2020
Cons

I don't like to work as a nonprofessional accountant


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A zippia user wrote a review on Feb 2020
Cons

Business owners that do not know or understand compliance and GAAP, or the patience to follow the rules... generally common in small companies.


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A zippia user wrote a review on Aug 2019
Pros

I like when the numbers fall in to place. I enjoy helping clients reach their financial goals. I am great with client consultations. I appreciate the chance to help plan for a client's needs.


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Updated January 8, 2025

Zippia Research Team
Zippia Team

Editorial Staff

The Zippia Research Team has spent countless hours reviewing resumes, job postings, and government data to determine what goes into getting a job in each phase of life. Professional writers and data scientists comprise the Zippia Research Team.

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