Corporate accountants are responsible for running a business's accounts. They track the income and expenditure of an organization and also ensure statutory compliance. Your major role is to monitor and prepare financial records for the company. You will also ensure all financial documentation is clear and visible. You are expected to help the company in strategic planning and business decisions to improve the company's finances. You will also present commentary on monthly financial performance as well as preparing annual statutory accounts.
Also, you will give an account analysis containing budgets and expenditures, determine risk and manage cash flow. Furthermore, you are to submit VAT returns, advise companies on tax law, investment opportunities, and ensure activities comply with laws and organization's policies.
Skills needed for the role of a corporate accountant are analytical, organization, interpersonal, and communication skills, as well as time management ability. You are required to possess a bachelor's degree in accounting or related fields. However, a master's degree in business administration is a great advantage. The average base salary of a corporate accountant is $69,512 annually.
What is a Corporate Accountant?
What Does a Corporate Accountant Do
There are certain skills that many corporate accountants have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed analytical skills, communication skills and detail oriented.
How To Become a Corporate Accountant
If you're interested in becoming a corporate accountant, one of the first things to consider is how much education you need. We've determined that 76.1% of corporate accountants have a bachelor's degree. In terms of higher education levels, we found that 12.5% of corporate accountants have master's degrees. Even though most corporate accountants have a college degree, it's possible to become one with only a high school degree or GED.
Corporate Accountant Career Paths
In addition to switching up your job search, it might prove helpful to look at a career path for your specific job. Now, what's a career path you ask? Well, it's practically a map that shows how you might advance from one job title to another. Our career paths are especially detailed with salary changes. So, for example, if you started out with the role of accountant you might progress to a role such as senior accountant eventually. Later on in your career, you could end up with the title regional controller.
Average Salary for a Corporate Accountant
What Am I Worth?
States With The Most Corporate Accountant Jobs
Number Of Corporate Accountant Jobs By State
| Rank | State | Number of Jobs | Average Salary |
|---|---|---|---|
| 1 | California | 3,533 | $66,206 |
| 2 | Texas | 1,912 | $59,695 |
| 3 | New York | 1,327 | $78,305 |
| 4 | Florida | 1,285 | $54,244 |
| 5 | Illinois | 1,172 | $62,581 |
| 6 | Pennsylvania | 884 | $60,640 |
| 7 | Massachusetts | 849 | $68,754 |
| 8 | Virginia | 823 | $68,630 |
| 9 | Georgia | 772 | $60,369 |
| 10 | Ohio | 743 | $54,141 |
| 11 | Colorado | 672 | $58,997 |
| 12 | Washington | 659 | $64,448 |
| 13 | North Carolina | 639 | $67,523 |
| 14 | Maryland | 588 | $66,072 |
| 15 | Minnesota | 561 | $59,468 |
| 16 | New Jersey | 551 | $72,231 |
| 17 | Arizona | 539 | $56,424 |
| 18 | Michigan | 529 | $62,226 |
| 19 | Missouri | 477 | $55,768 |
| 20 | Tennessee | 454 | $47,238 |
| 21 | Wisconsin | 417 | $60,123 |
| 22 | Oregon | 390 | $61,294 |
| 23 | Indiana | 363 | $48,967 |
| 24 | Connecticut | 343 | $70,135 |
| 25 | Utah | 327 | $48,126 |
| 26 | Alabama | 294 | $54,261 |
| 27 | Iowa | 293 | $48,452 |
| 28 | South Carolina | 242 | $57,944 |
| 29 | Kentucky | 230 | $59,110 |
| 30 | Nevada | 202 | $57,523 |
| 31 | Oklahoma | 186 | $54,285 |
| 32 | Louisiana | 180 | $61,630 |
| 33 | Kansas | 164 | $50,773 |
| 34 | Arkansas | 152 | $52,950 |
| 35 | Nebraska | 136 | $48,506 |
| 36 | Delaware | 133 | $63,857 |
| 37 | Mississippi | 117 | $47,578 |
| 38 | New Mexico | 115 | $57,905 |
| 39 | New Hampshire | 107 | $53,636 |
| 40 | Montana | 100 | $45,130 |
| 41 | Rhode Island | 99 | $63,326 |
| 42 | Idaho | 91 | $45,495 |
| 43 | Hawaii | 71 | $52,034 |
| 44 | Maine | 68 | $48,954 |
| 45 | West Virginia | 62 | $55,923 |
| 46 | South Dakota | 57 | $48,927 |
| 47 | Alaska | 49 | $61,223 |
| 48 | Vermont | 45 | $52,645 |
| 49 | Wyoming | 38 | $49,085 |
| 50 | North Dakota | 38 | $45,290 |
Top Colleges for Corporate Accountants
1. University of Pennsylvania
Philadelphia, PA • Private
2. Northwestern University
Evanston, IL • Private
3. University of Southern California
Los Angeles, CA • Private
4. SUNY at Binghamton
Vestal, NY • Private
5. Villanova University
Villanova, PA • Private
6. San Diego State University
San Diego, CA • Private
7. Bentley University
Waltham, MA • Private
8. Boston University
Boston, MA • Private
9. SUNY Stony Brook
Stony Brook, NY • Private
10. New York University
New York, NY • Private
Top Skills For a Corporate Accountant
The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 14.1% of corporate accountants listed reconciliations on their resume, but soft skills such as analytical skills and communication skills are important as well.
Choose From 10+ Customizable Corporate Accountant Resume templates
Zippia allows you to choose from different easy-to-use Corporate Accountant templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Corporate Accountant resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.
Corporate Accountant Demographics
Corporate Accountant Gender Distribution
After extensive research and analysis, Zippia's data science team found that:
- Among corporate accountants, 56.9% of them are women, while 43.1% are men.
- The most common race/ethnicity among corporate accountants is White, which makes up 66.5% of all corporate accountants.
- The most common foreign language among corporate accountants is Spanish at 35.5%.
Work Experience Programs For Corporate Accountants
Virtual work experience programs replicate work at top companies and help you gain the skills to be successful when applying and working there. In only a few hours, learn the relevant tools necessary to complete a typical work day at that company. Virtual work experience programs are 100% free, open-access, and self-paced. No experience or application is required!
Company: Standard Bank
Cost: Free
Duration: 5.5 hours
Online Courses For Corporate Accountant That You May Like
Subsidiary ledgers for accounts receivable & accounts payable. Special Journals - Sales journal, purchases journal...
Payroll calculations - federal income tax, social security, Medicare - Payroll journal entries posted to ledger accounts...
The Easiest Course In Accounting!...
Best States For a Corporate Accountant
Some places are better than others when it comes to starting a career as a corporate accountant. The best states for people in this position are New York, New Jersey, Connecticut, and Massachusetts. Corporate accountants make the most in New York with an average salary of $78,305. Whereas in New Jersey and Connecticut, they would average $72,231 and $70,135, respectively. While corporate accountants would only make an average of $68,754 in Massachusetts, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.
1. New York
$78,305
Avg. Salary
2. District of Columbia
$79,954
Avg. Salary
3. Connecticut
$70,135
Avg. Salary
How Do Corporate Accountant Rate Their Jobs?
Top Corporate Accountant Employers
Most Common Employers For Corporate Accountant
| Rank | Company | Average Salary | Hourly Rate | Job Openings |
|---|---|---|---|---|
| 1 | Microsoft | $98,290 | $47.25 | 8 |
| 2 | Intuit | $92,504 | $44.47 | 9 |
| 3 | Fidelity National Financial | $88,253 | $42.43 | 13 |
| 4 | Dell | $87,601 | $42.12 | 8 |
| 5 | AIG | $85,760 | $41.23 | 7 |
| 6 | Stripe | $81,405 | $39.14 | 7 |
| 7 | Cartus | $72,388 | $34.80 | 10 |
| 8 | Janus Henderson U.S. | $72,272 | $34.75 | 5 |
| 9 | P2 Energy Solutions | $69,002 | $33.17 | 5 |
| 10 | Boston Scientific | $67,923 | $32.66 | 5 |
Corporate Accountant Videos
