What Can You Do With An Associate Degree In Accounting – Accounting has long been a popular career choice for simple reasons. Businesses need and will always need people with accounting skills. Regardless of industry, almost all sectors of the economy, large and small, employ accounting professionals. This demand has translated into higher levels of job security and competitive rights.
If you’re looking to start your career in finance and accounting, you may wonder if an accounting-related degree is enough to get you started. Below, we’ll discuss some of the job titles and career development options that Lightcast identifies as the most likely career paths after earning your associate’s degree.
What Can You Do With An Associate Degree In Accounting
An accountant often performs a variety of tasks. They can monitor multiple accounts and perform more financial analysis by recording income and expense transactions, processing payments, conducting banking, preparing financial statements, and reconciling accounts with records. For these reasons, accountants need time management and organizational skills.
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As the name suggests, salaried employees retain the company’s payroll. They collect, calculate, and enter data into payroll records and update records if wages change, such as deductions, promotions, or layoffs. Employees prepare summaries and report income, taxes, deductions, and other reimbursements. Employees are expected to resolve salary disputes and monitor payroll policies and procedures. Because payroll staff may need to communicate with employees or suppliers with questions, strong communication skills are essential. These professionals must be comfortable with data entry and analysis, pay attention to detail, and be highly organized.
Assistant accountants typically work in private accounting offices or large organizations and support the department with entry and clerical accounting duties. This may include matters such as accounts payable, accounts payable, collections, billing, auditing, journal entries, verification of facts, and recording of transactions. As an Assistant Accountant, you must be reliable, detail oriented, comfortable working independently and have basic computer skills.
Accounts clerks are typically entry-level and business-critical. Their main job is to keep records and accounts consistent and accurate. They regularly prepare and maintain accounting documents and records, bank statements, reports and general ledgers. The accountant also provides summaries and reports to senior management to focus on complex financial strategies. Specific skill requirements for this role include, in addition to an associate degree, accounting experience, bookkeeping and accounting operations, computer software experience, attention to detail and accuracy, and the ability to present and maintain records.
Administrative assistants provide clerical support to various departments of the business, including the accounting team. They perform general office duties such as answering phones and greeting customers, but also perform accounting-based tasks such as processing invoices, updating budgets, processing transactions or preparing bank statements. For this role you will need computer software skills, basic mathematical and financial principles and working knowledge of office equipment.
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The main responsibility of the auditor is to ensure that all financial statements – expense accounts, credits, commissions, bank records, inventories, accounts payable, etc. – Be accurate and correctly coded. Inaccuracies can range from data entry errors or incorrect spreadsheet formulas to more serious situations that an accountant needs to address. This role requires individuals to crunch numbers, verify data, prepare documents accurately, and write reports.
Based on these job titles, it’s clear that pursuing a career in accounting is beneficial for many students. There are ample opportunities for individuals who wish to continue their growth in the accounting profession. As a result of our productivity trends, unique accounting jobs requiring an associate degree have experienced significant growth. From May 2020 to May 2022, the number of unique accounting jobs increased by nearly 20,000 per month.
The U.S. Bureau of Labor Statistics predicts that demand for accounting positions will grow 6 percent from 2021 to 2031, about 6 percent faster than the average rate for other occupations.
In order to take advantage of this demand and advance your career, you must know the requirements that must be met in order to further increase your salary potential.
A Beginner’s Guide To Associate’s Degrees: Everything To Know
As we’ve seen above, earning your associate’s degree in accounting opens up a number of entry levels that can help jump-start your career. However, you may have noticed that the more common and higher paying accounting and finance jobs are not listed. Because most in-demand accounting jobs require a bachelor’s degree.
“If you feel that an associate’s degree in accounting does not meet your career goals and ambitions, a bachelor’s degree is definitely the next step,” says Dustin Snyder, a professor in Northeastern University’s College of Professional Studies.
According to our resume, earning a bachelor’s degree can open you up to a number of career opportunities, including:
While this is not a comprehensive list, it does include job titles in common industries. Some of these roles may require additional education and certification. For example, you may want to obtain a Certified Public Accountant (CPA) license and a master’s degree in accounting for more advanced positions.
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However, doing this extra work often increases your overall earning potential. For example, the average annual salary for an accountant with an associate degree is $50,000. On the other hand, those with a bachelor’s degree earn a median annual salary of $77,200, according to our industry data.
If you’ve already earned your associate’s degree in accounting or are close to completing your degree, enrolling in a bachelor’s degree program like the one offered by Northeastern University can be a great way to take your career to the next level. Such a program will allow you to use the loans you have already earned to finish quickly and cost-effectively. Likewise, if you’ve completed your associate’s degree and spent some time in one of the careers mentioned above, a bachelor’s degree program may be perfect for you.
“The Finance and Accounting Management program is a great way to earn a degree with a flexible schedule for someone with real-life experience,” Snyder said. “The classes here are designed to get you into the world of work as quickly as possible.”
After earning a bachelor’s degree, some ambitious people choose to earn an advanced degree to further their career. In this case, you may consider earning a Master of Science in Accounting or a Master of Science in Accounting and Business Administration.
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To learn more about earning your finance and accounting management degree, visit our program page or request more information. In the most recent data, as of 2015, only 40% of Americans had an associate’s degree or higher. If, according to Benjamin Franklin, “the investment of education is in the best interest,” then why aren’t more Americans seeking higher education?
If you don’t know whether getting an associate’s degree is worth the investment, you can find out what major you have, if you have one.
Here is a list of the 9 most desirable careers you can get with an associate’s degree in business.
Are you an organization advocate? Are you great at meeting deadlines and multitasking? With an associate’s degree in business, you can use these skills as a project manager.
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Project managers are responsible for seeing a project through to completion. They manage all the moving parts and keep track of budgets, timelines, and everyone working on the project.
Project managers create the plan, organize the team, and make sure everything falls into place. It’s not an easy job, but it’s a rewarding career for people with the right skills.
If communication and planning are your strengths, an administrative assistant can be a great career with a business degree. Administrative assistants do almost everything for an employer.
They plan, manage calendars, manage travel plans, conduct meetings, work on projects, and often write internal communications.
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If you enjoy being a valuable asset to your work team, an administrative assistant career can pay the bills.
Read right With a business degree, you can train to become an accountant. Financial management, planning and data analysis will be part of your job.
As a corporate accountant, you will help your employer prepare for an audit. Knowing numbers and a pen for spreadsheets can lead you to a successful career in accounting.
Do you have sales skills? With an associate’s degree in business, you can become a sales manager. This role can be very rewarding.
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If you have experience and sales success, this could be the perfect career for you. Leadership skills are a must.
As a sales manager, you need to make sure your sales team is meeting their quotas. You are also responsible for performance reviews and tracking your team.
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