How much do accountants make? whats the different types of accountants and how much schooling is needed?
April 28, 2010 by JimmyB
Filed under Accounting Services
I’m interested in accounting but i need more info on the different types of accountants, needed schooling hours, and the salary range. I dont want to be going to school for a long time, and I have a family to care for. Which type would be the best for me. I’m interested in either, certified public accountant or a chartered accountant, is there any other types?
So would working for the government be a better choice? and how long would it take if i just went to community college?
It depends on what type of accounting you go into. Typically accounting requires a 4 year college degree. If you wish to become a CPA that requires an additional 30 credit hours, so basically it requires a Masters degree that can usually be done in 1 year after receiving a bachelors.
Accountants for one of the Big 4 accounting firms usually make the most money. I think it’s about 40-50K to start, it’s possible to make $100K after 5-7 years. However the hours are long and it can be very stressful especially around tax season.
If you wish to do accounting for the government/non profit a CPA is usually not required pay is usually less I think for the fed govt you may start at about 35-40K depending on the location. However government jobs usually have better vacation/health benefits and you only work 40 hours a week.