Today, many people who are considering a career as a corporate accountant, are either interested in pursuing one or more specific areas of accounting training. It has been estimated that a good number of the top corporate accountants are graduates of business and accounting programs. We have taken it a step further by determining what level of education may be required or beneficial in this new competitive world.
We found that 52.6% of Certified, Corporate Accountants who have obtained their undergraduate degrees earned a Bachelor’s degree. Of those who completed an Associate’s degree, the number of graduates who went on to work as a corporate accountant increased by nearly 40%. The highest percentage of graduates who chose a Bachelor’s Degree program to pursue their accountant career were registered nurses. In addition to the increasing numbers of graduates going on to work as corporate accountants, it has also become increasingly popular to work as an accountant at non-profit organizations. There are a few reasons that the number of non-profit accountants continues to increase, including the need for accountants that are independent and not tied down to one or two large corporations.
With an average of four years of experience working as a Certified Accountant with a small business, it was not surprising to find that only 35.3% of Accountants who earned a Bachelor’s Degree and worked as a corporate accountant had previously earned a Masters degree. Another study that was done was to determine the level of experience most Accountants had while working as a corporate accountant. The majority of small business Accountants who have previously worked as corporate accountants have not achieved any additional education. Some of the individuals who have received additional education are those who have worked in financial services but do not want to work in this field anymore.
We also conducted a number of studies to determine what areas of business and accounting Accountants were interested in working in. The results of the survey were quite shocking. The largest number of Accountants who chose an accountant job was from the retail industry. Retail accountants tend to have a lot more educational requirements in order to qualify for a job in the field, which explains why their level of education and educational requirements are much higher than corporate accountants.
The number of individuals who chose a corporate accountant position decreased dramatically when it was determined that the largest number of people who had obtained a Masters degree in business and accounting were working in accounting positions within the government. Other industries that experienced the largest decrease were education, legal, and banking. However, the highest percentage of Accountants who have not had any educational background in business and accounting had chosen an accounting position in manufacturing, media, pharmaceutical, hospitality, and sales.
We also asked those same questions concerning the educational qualifications that we believe are important when hiring a small business accountant. The results were the same in each of these areas and even within the same industry. Overall, it was concluded that the most common area of academic qualification for a small business accountant is an Associate’s Degree with an Accounting Certificate, which is typically in addition to a Bachelor’s degree or higher.