Because of their abilities with numbers and money, accountants can find many other types of jobs in the financial and business world. Though all these positions require a minimum bachelor’s degree, they do not necessarily have to be in accounting. Several have pay that is higher than the average accountant salary and CPA salary. All data is as of 2011.
Budget analysts develop budgets by researching the current and future needs of organizations. They work with department managers to create individual budgets and combine the figures into a recommendation for private or public institutions. They often work with chief financial officers, chief executive officers or other top executives, to prepare annual reports and budget requests. They make a mean $34.35 per hour or $71,450 per year.
College teachers instruct students at the post-secondary level. Those in accounting may cover basic spreadsheet use at junior colleges or PhD coursework at major universities. A major goal of college teachers is to reach tenure. This prevents their positions from being terminated without cause, and offers the freedom to teach controversial subjects. Those in business departments get $86,620 per year while those in economics get $94,450 annually.
Financial analysts help individuals and organizations with their investment decisions by studying economic trends and business data. Those on the buy side recommend stocks, bonds, mutual funds and other financial instruments that investors can purchase for themselves. Those on the sales side help financial sales agents pick the right investments to sell to clients. They average $42.18 per hour or $87,740 per year.
Financial examiners review balance sheets and other monetary reports to ensure that institutions comply with relevant regulations from the local up to the federal level. They typically work for financial institutions and government agencies. They can determine the health of an organization or protect consumers for questionable business practices. They get $40.20 hourly or $83,620 annually.
Personal Financial Advisers
Personal financial advisers help individuals with money decisions such as budgets, investments, insurance, retirement and taxes. They are typically self-employed or work with financial and insurance institutions. They may meet clients at their own homes during evenings and weekends, since these are the most convenient times for individuals. Some work on commissions of sales from financial products while others perform their task for a flat fee. They receive $43.70 per hour or $90,900 per year.
Tax Revenue Agents
Tax revenue agents ensure that people and businesses pay their taxes. They normally work for federal, state and local governments to collect taxes, review returns, determine amounts due, impose penalties, and audit individuals or organizations. They can specialize in areas such as multinational businesses or collecting revenue. They make $26.67 hourly or $55,480 yearly.