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Most accountants and auditors need at least a bachelor’s degree in accounting or a related field. Certification within a specific field of accounting improves job prospects. For example, many accountants become Certified Public Accountants (CPAs).Education
Most accountant and auditor positions require at least a bachelor’s degree in accounting or a related field. Some employers prefer to hire applicants who have a master’s degree, either in accounting or in business administration with a concentration in accounting.
A few universities and colleges offer specialized programs, such as a bachelor’s degree in internal auditing. In some cases, those with associate’s degrees, as well as bookkeepers and accounting clerks who meet the education and experience requirements set by their employers, get junior accounting positions and advance to accountant positions by showing their accounting skills on the job.
Many colleges help students gain practical experience through summer or part-time internships with public accounting or business firms.Licenses, Certifications, and Registrations
Every accountant filing a report with the Securities and Exchange Commission (SEC) is required by law to be a Certified Public Accountant (CPA). Many other accountants choose to become a CPA to enhance their job prospects or to gain clients. Many employers will often pay the costs associated with the CPA exam.
CPAs are licensed by their state’s Board of Accountancy. Becoming a CPA requires passing a national exam and meeting other state requirements. Almost all states require CPA candidates to complete 150 semester hours of college coursework to be certified, which is 30 hours more than the usual 4-year bachelor’s degree. Many schools offer a 5-year combined bachelor’s and master’s degree to meet the 150-hour requirement, but a master’s degree is not required.
A few states allow a number of years of public accounting experience to substitute for a college degree.
All states use the four-part Uniform CPA Examination from the American Institute of Certified Public Accountants (AICPA). Candidates do not have to pass all four parts at once, but most states require that they pass all four parts within 18 months of passing their first part.
Almost all states require CPAs to take continuing education to keep their license.
Certification provides an advantage in the job market because it shows professional competence in a specialized field of accounting and auditing. Accountants and auditors seek certifications from a variety of professional societies. Some of the most common certifications are listed below:
The Institute of Management Accountants offers the Certified Management Accountant (CMA) to applicants who complete a bachelor’s degree. Applicants must have worked at least 2 years in management accounting, pass a two-part exam, agree to meet continuing education requirements, and comply with standards of professional conduct. The exam covers areas such as financial statement analysis, working-capital policy, capital structure, valuation issues, and risk management.
The Institute of Internal Auditors (IIA) offers the Certified Internal Auditor (CIA) to graduates from accredited colleges and universities who have worked for 2 years as internal auditors and have passed a four-part exam. The IIA also offers the Certified in Control Self-Assessment (CCSA), Certified Government Auditing Professional (CGAP), Certified Financial Services Auditor (CFSA), and Certification in Risk Management Assurance (CRMA) to those who pass the exams and meet educational and experience requirements.
ISACA offers the Certified Information Systems Auditor (CISA) to candidates who pass an exam and have 5 years of experience auditing information systems. Information systems experience, financial or operational auditing experience, or related college credit hours can be substituted for up to 3 years of experience in information systems auditing, control, or security.
For accountants with a CPA, the AICPA offers the option to receive any or all of the Accredited in Business Valuation (ABV), Certified Information Technology Professional (CITP), or Personal Financial Specialist (PFS) certifications. The ABV requires a written exam, completion of at least six business valuation projects, and 75 hours of continuing education. The CITP requires 1,000 hours of business technology experience and 75 hours of continuing education. Candidates for the PFS also must complete a certain amount of work experience and continuing education, and pass a written exam.Advancement
Some top executives and financial managers have a background in accounting, internal auditing, or finance.
Beginning public accountants often advance to positions with more responsibility in 1 or 2 years and to senior positions within another few years. Those who excel may become supervisors, managers, or partners; open their own public accounting firm; or transfer to executive positions in management accounting or internal auditing in private firms.
Management accountants often start as cost accountants, junior internal auditors, or trainees for other accounting positions. As they rise through the organization, they may advance to accounting manager, chief cost accountant, budget director, or manager of internal auditing. Some become controllers, treasurers, financial vice presidents, chief financial officers, or corporation presidents.
Public accountants, management accountants, and internal auditors can move from one aspect of accounting and auditing to another. Public accountants often move into management accounting or internal auditing. Management accountants may become internal auditors, and internal auditors may become management accountants. However, it is less common for management accountants or internal auditors to move into public accounting.Important Qualities
Analytical skills. Accountants and auditors must be able to identify issues in documentation and suggest solutions. For example, public accountants use analytical skills in their work to minimize tax liability, and internal auditors use these skills to detect fraudulent use of funds.
Communication skills. Accountants and auditors must be able to listen carefully to facts and concerns from clients, managers, and others. They must also be able to discuss the results of their work in both meetings and written reports.
Detail oriented. Accountants and auditors must pay attention to detail when compiling and examining documentation.
Math skills. Accountants and auditors must be able to analyze, compare, and interpret facts and figures, although complex math skills are not necessary.
Organizational skills. Strong organizational skills are important for accountants and auditors who often work with a range of financial documents for a variety of clients.
Average Length of Employment
Top Careers Before Cost Controller
Top Careers After Cost Controller
Hispanic or Latino12.2%
Black or African American1.6%
Unfortunately we don’t have enough data for this section.
University of Phoenix19.8%
Central Michigan University5.8%
Texas A&M University4.7%
University of California - San Diego4.7%
Texas State University4.7%
University of Houston4.7%
Michigan State University4.7%
Cleveland State University4.7%
University of Texas at Austin4.7%
Colorado State University4.7%
University of Georgia4.7%
Indiana Wesleyan University4.7%
University of Texas at Arlington3.5%
University of Maryland - University College3.5%
Arizona State University3.5%
Florida State University3.5%
University of Alabama at Birmingham3.5%
University of Missouri - Saint Louis3.5%
Unfortunately we don’t have enough data for this section.
|Job Title||Company||Location||Start Date||Salary|
|Operations Manager-Project Cost Controller||Metroworth Consulting LLC||Katy, TX||Dec 01, 2012||$263,066|
|Operations Manager-Project Cost Controller||Metroworth Consulting LLC||Katy, TX||Dec 01, 2010||$192,839|
|Lead Estimator/Cost Controller||Cheniere Energy, Inc.||Houston, TX||Jun 25, 2012||$140,000|
|Dept. Manager, Estimating, Scheduling, & Cost Control||Chemic Engineers & Constructors, Inc.||Hitchcock, TX||Jan 03, 2015||$128,960|
|Senior Cost Controller||JGC America, Inc.||Houston, TX||Aug 27, 2014||$120,000|
|Lead Specialist, Cost Control||KBR, Inc.||Freeport, TX||Dec 21, 2015||$117,496|
|Manager, ERP Product Costing/Controlling||Zoetis, Inc.||Florham Park, NJ||Apr 25, 2016||$111,488 -
|Manager, ERP Product Costing/Controlling||Zoetis, Inc.||Florham Park, NJ||Apr 18, 2016||$97,700 -
|Cost Controller||Wise Alloys, LLC||Muscle Shoals, AL||Sep 20, 2015||$90,000|
|Cost Controller Senior||Seadrill Americas Inc.||Houston, TX||Oct 01, 2011||$87,000|
|Cost Controller Senior||Seadrill Americas, Inc.||Houston, TX||Oct 01, 2011||$87,000|
|Project Cost Controller||Linde Process Plants, Inc.||Tulsa, OK||Oct 07, 2013||$86,965 -
|Specialist-Cost Control||KBR, Inc.||Houston, TX||Apr 12, 2012||$85,848|
|Specialist-Cost Control||KBR, Inc.||Houston, TX||Jun 06, 2011||$84,000|
|Cost Control DGM||Kasai North America, Inc.||Murfreesboro, TN||Jan 08, 2016||$82,722 -
|Cost Controller, Western Region||Forsys Subsea Inc.||Houston, TX||Jan 01, 2016||$82,161|
|Cost Controller 2||Technip USA, Inc.||Houston, TX||Jan 10, 2014||$82,161|
|Cost Controller 2||Technip USA, Inc.||Houston, TX||Oct 01, 2014||$82,161|
|Cost Controller, Western Region||Forsys Subsea, Inc.||Houston, TX||Sep 28, 2016||$82,161|
|Cost Controller||Subsea 7 (Us), LLC||Houston, TX||Aug 28, 2015||$69,618 -
|Project Cost Controller||Subsea 7 (Us), LLC||Houston, TX||Sep 08, 2016||$68,848 -
|Cost Controller||Braun Development Group Inc.||Los Angeles, CA||Apr 04, 2011||$66,784|
|Cost Control Estimator||JRM Construction Management, LLC||New York, NY||Sep 13, 2016||$66,477 -
|Cost Controller||SBM Offshore USA, Inc.||Houston, TX||Aug 26, 2016||$66,144 -
|Food Cost Controller||Cajun and Grill of America, Inc.||Coral Gables, FL||Feb 05, 2010||$64,843 -
|Cost Controller||Future||Detroit, MI||Oct 28, 2014||$62,610|
|Cost Controller||F.A. Systems Inc.||Torrance, CA||Jul 23, 2012||$62,610|
|Cost Controller||Futurenet Group Inc.||Detroit, MI||Oct 28, 2014||$62,610|
|Hotel Cost Controller||Mark Hotel LLC||New York, NY||Jan 02, 2015||$62,000|
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