Last Update: 21st August 2018
Reading time: 14 Min
Get your foot in the door of a high paying career with these
entry level careers for accounting majors.
These days money is tight, driving the demand for professionals with accounting degrees. As a
Companies are hiring directly out of university for these positions to gain a fresh insight from a student perspective. This is because the world of finance is in a constant state of ebb and flow. This gives newly graduated students an edge in the field, due to their knowledge of the most recent financial strategies and information.
Furthermore, you can bring your own ideas to the table and be sitting on the board of directors or managing your own accounting department in no time.
Here is a list of 14 entry-level jobs that can be easily attainable for recently graduated accounting majors. Many of which have notably good starting salaries of around $40,000 or higher.
Incomes are based in US dollars from US job reports.
Entry Level Accounting Jobs (Office Clerks)
An excellent way to get your foot in the door and set yourself up for a promotion, later on. Accounting clerks assist accounting personnel and report to supervisors and other managers within the department. This can ease your transition from university to working life because you will learn the ins and outs of the system, which will give you valuable experience for later on in your career.
Average Salary – $35,730
Payroll clerks are especially essential for larger businesses and organizations with greater numbers of employees. Their responsibilities include distributing paychecks and keeping records of employee hours in order to make sure wages are paid accurately. As well as this there may be occasional corrections and adjustments that have to be made for things like overtime, vacation, sick calls, etc.
Average Salary – $24,000 to $44,000
Billing clerks are primarily responsible for creating and sending invoices and credit memos. As a result, you will be the one to ensure that the company or organization receives payments. Similarly, other responsibilities may include cash management, treasury, and tax handling. Likewise, clerks also communicate directly with clients and customers to arrange payments.
Average Salary – $22,472 to $41,160
Accounts Payable Clerk
This position handles all outgoing money from the company. Hence, these clerks will work closely with vendors and suppliers to make payments. Oftentimes, in larger companies, prices are already negotiated higher up within management. However, in smaller businesses clerks may negotiate prices directly with suppliers. Furthermore, other organizational duties include creating purchase orders, charge slips, and sales records.
Average Salary – $35,459
Bookkeepers are essential for the smooth functioning of any business due to the fact that they are responsible for compiling large amounts of loose data and organizing it. In other words, tracking and managing the flow of outgoing money. Bookkeeping tasks focus on the recording of financial transactions too. As a result, organization skills are of utmost importance as you have to manage a lot of transactions and ensure the numbers add up.
Average Salary – $39,000
Entry Level Accounting Jobs (Analyst)
This job consists of analyzing and understanding financial data and then translating it into real, measurable information. In particular, the purpose of this role is to make sure that important, high-stakes financial decisions are founded on solid and reliable evidence. As a result, it is your responsibility to provide the data. Jobs for financial analysts will continue to grow as individual and corporate investment expands, particularly internationally.
Average Salary – $49,700 to $51,000
For this job, you will need to calculate the estimated cost of production for a company’s products and services. This most notably, involves determining the fixed and variable costs of production. For example, costs can include research and development, shipping, equipment, marketing, and human resources. The Information gathered will consequently determine budgeting, pricing, and other company decisions.
Average Salary – $40,000 to $51,000
The job of a budget analyst is perhaps the most important within the accounting department of a company. Because their job is to efficiently and strategically distribute money throughout an organization. A budget analyst takes all the data collected from the finance department and uses it to guide the company on their annual budget.
Furthermore, tasks also involve convening with managers to determine financial needs within the company for the fiscal year. Finally, budget analysts set goals and help to make strategic financial decisions for the company.
Average Salary – $68,200 to over $100,000
General Accounting Jobs
Certified Public Accountant
A certified public accountant takes care of all financial aspects of their clients. This involves keeping the books, preparing balance sheets, and completing profit/loss reports. Individual and company assets diversity and market regulation have become increasingly complex. Consequently, there is a higher demand for certified accountants in the industry.
Average Salary – $45,000 to $55,000
Apparel Industry Accountants
Apparel accounting is in a category of its own because of the particularly long cash-flow cycle of the industry. Largely due to the period between production and sales. Of course, this is a perfect job for anyone who has both accounting skills and an interest in the fashion industry. And above all, the bigger the brand, the bigger the finance department.
Average Salary – $40,000
Account Management Trainee
This position is designed to expedite the transition from university to an accounting career. This is because you will work directly alongside a manager or senior accountant. During which they will provide you with tasks according to your practical experience and skill level and slowly add to your workload as you learn to become more self-reliant. Tasks may include entering and creating invoices, paying bills, and other accounting work.
Average Salary – $52,000 to $56,000
Government accountants focus on the finances of governmental organizations. Most notably, these guys and girls generally use a funding system which emphasizes accountability over profitability. Day to day, they manage funds assigned to a unit for specific purposes according to certain regulations.
Above all the one major difference from government accounting to every other form of accounting is that it focuses on the expenditure of funding rather than economic activity.
Average Salary – $59,000
Auditing and Loan Risk Management
Auditors overlook company finances and ensure everything is accurate and up to code with current regulations. They vet the accuracy of financial reports and records in order to ensure everything remains above board. Huge regulatory requirements, old and new, are frequently labeled as “no auditor left behind” laws. Because they create such a high demand for these kinds of experts.
Average Salary – $50,000 to $55,000
When lending money, it is important to know whether or not you will get a return on your investment. In short, mortgage underwriter is employed by a lender — usually a bank — to determine the risk of the borrower defaulting on the mortgage. They examine the borrower’s sources of income, determine the reliability of those sources, and then calculate the likelihood of the borrower paying back the mortgage.
Average Salary – $50,000 to 53,000
Prepare yourself for a successful career in accounting
These are just a few of the many options available. This will hopefully demonstrate to you the diversity of career paths you can take with an accounting degree.
One of the biggest concerns among students is finding a job after leaving university. However, this list should reassure you that there is a high demand for accountants and that your skills will be valuable in the job market.
The entry-level positions listed above are only a few of the many choices within the finance industry, but any one of them is guaranteed to give you valuable experience and set you up for a lucrative and successful career.
To explore more career paths, check out the references below.