programs also offer specialized tracks or con- centrations, such as tax accounting, forensic accounting or managerial accounting. Beyond the bachelor's degree, many account- ants choose to pursue professional certifica- tions, such as the Certified Public Accountant (CPA) designation. Obtaining a CPA license often requires passing a rigorous exam and meeting specific educational and experience requirements, which can vary by state. Some accountants may also choose to fur- ther their education by earning advanced degrees, such as a Master of Accountancy or a Master of Business Administration with a focus on accounting. These addi- tional qualifications can enhance their skills, knowledge and career prospects. Qualities of a Successful Accountant Accounting requires a unique blend of tech- nical skills, analytical abilities and attention to detail. Individuals who thrive in this pro- fession often possess the following qualities: n Strong problem-solving skills to identify and resolve financial discrepancies n Excellent numerical and quantitative skills to accurately process and analyze financial data n Strong communication skills, both written and verbal, to effectively present financial information n Ability to work well under pressure and meet deadlines n Ethical integrity and a commitment to fol- lowing accounting standards and regulations n Adaptability to stay current with changes in accounting practices and technology Earning Potential and Growth Opportunities The average salary for accountants can vary significantly, depending on factors such as ed- ucation, experience, industry and geographic location. According to the U.S. Bureau of Labor Statistics, the median annual salary for accountants and auditors in the United States was around $73,000 as of 2022. Entry-level positions typically start around $50,000 to $60,000 per year, while experi- enced or specialized accountants, such as CPAs or those in management roles, can earn well over $100,000 annually. The accounting field offers a wide range of opportunities for career growth and ad- vancement. Accountants can progress from entry-level positions to senior-level roles, such as senior accountants, con- trollers or chief financial officers. Addi- tionally, accountants can specialize in various areas of the field, which can lead to increased responsibilities and higher earning potential. Demand for Accounting Professionals The demand for accountants is expected to remain strong in the coming years. Ac- cording to the U.S. Bureau of Labor Sta- tistics, the employment of accountants and auditors is projected to grow by around 6% from 2021 to 2031, which is about as fast as the average for all occupations. This growth is driven by factors such as the increasing complexity of financial reg- ulations, the rise of new technologies and data analytics in the field and the ongoing need for accurate and reliable financial in- formation in businesses and organizations of all sizes. Accounting is a versatile and rewarding ca- reer offering a wide range of opportunities for individuals with the right skills and qualifications. Whether you're interested in tax preparation, financial reporting or management consulting, the accounting field can provide a stable and well-com- pensated career path with excellent prospects for growth and advancement. Links to Learn More www.bls.gov/ooh/business-and-financial/ac- countants-and-auditors.htm#tab-1 www.tn.gov/commerce/regboards/accountancy www.forbes.com/advisor/education/business- and-marketing/become-an-accountant/ Tennessee Career Guide | 2024-2025 33 Tennessee’s Top Careers Located near the heart of thriving Nashville, Tennessee, commonly known as Music City, Belmont University consists of nearly 9,000 students who come from every state and 33 countries. The University is nationally recognized for its innovative approach as well as its for its strengths in music/entertainment, healthcare and business education, among others. As a Christ-centered, student-focused community, Belmont’s mission is to develop diverse leaders of purpose, character and wisdom who possess a transformational mindset and are eager and equipped to make the world a better place. For more information, visit www.belmont.edu. The Information on this career is submitted and sponsored by
