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1 ACCOUNTING What can I do with this degree? Transferable Skills In addition to the specific subject matter that Accounting majors learn, they acquire many skills that can easily transfer to any field. The following is a list of transferable skills that Accounting majors develop: Problem solving Numerical computation Oral and written communication Adapt well to frequent change Organized and efficient Analytical and interpretive skills Critical thinking Computer literacy Independent worker Logical thinking Team player Strategies for Placement in Accounting Earn good grades. Grades are an indicator of technical competence in accounting and of a person s work ethic. Actively participate in student organizations to develop leadership skills. Develop excellent computer skills. Learn to work well within a team. Develop strong communication skills. Gain work experience and information about careers through internships. Certifications available through the Institute of Internal Auditors or the Institute of Management Accountants may increase job marketability in some areas of accounting. Accounting students should develop their analytical, critical-thinking, and problem-solving skills. Develop high ethical standards. Accuracy and attention to detail are important traits for accountants. Accounting is a versatile degree. Students who graduate with a major in accounting may find jobs in many areas of business including: sales, production, management, client management, product development, procurement, general management, banking, and financial planning. Information compiled from: Christopher Newport University, Davidson College, University of Delaware, and The University of Tennessee, Knoxville p. 1
2 CNU Graduates with this Major: Types of Jobs Employers Accountant Accounting Department Intern Accounting Specialist Accounts Receivable Associate Associate Subcontractor Administrator Audit Associate Billing Specialist Business Analyst Business Intelligence Analyst Chief Underwriter Consultant Contract Administrator Cost Analyst Financial Analyst Financial Analyst for IT Financial Reporting Analyst Financial Service Professional Junior APC Associate Nuclear Security Officer Office Mgr/Senior Accountant Pricing Strategist Program Cost Control Analyst Property Management Assistant Staff Accountant Staff Auditor Staff Internal Auditor Statutory Accountant Tax & Accounting Associate Tax Associate Payne Associates, Inc.; Smithfield Station Phillip Morris International Hampton Roads Educators' Credit Union; Northwest Federal Credit Union; MapCom T. Parker Host, Inc. Dixon Hughes Goodman BAE Systems Castro & Company AE Com Northrop Grumman Science Applications International Corporation (SAIC) Merchants Capital Access Deloitte & Touche LLP; Morgan Franklin Huntington Ingalls Newport News Shipbuilding, Huntington Ingalls Ciber Federal Huntington Ingalls Commonwealth of Virginia New York Life Ferguson Enterprises Dominion Power Kyrus Enterprises Northrop Grumman Newport News Shipbuilding CW Real Estate LLC Kearney & Company; Baker Tilly Virchow Krause; Eastern Virginia Medical School; Maersk Line Limited; Wall Einhorn & Chernitzer, PC Cotton & Company; Gelman, Rosenberg & Freedman, CPAs Virginia Premier Health Plan Elephant Insurance Malvin, Riggins & Company P.C. KPMG Information compiled from: Christopher Newport University, Davidson College, University of Delaware, and The University of Tennessee, Knoxville p. 2
3 Technical Recruiter Kforce Inc. Information compiled from: Christopher Newport University, Davidson College, University of Delaware, and The University of Tennessee, Knoxville p. 3
4 Some specific career fields include: AREAS EMPLOYERS STRATEGIES Public Accounting Auditing/Assurance Services Tax Environmental Accounting Forensic/Investigative Accounting Information Technology Services International Accounting Personal Financial Planning Public accounting firms: Large, multinational Regional Local Sole practitioners Public accounting firms hire candidates who meet the educational requirements for sitting for the Certified Public Accountant (CPA) exam: 150 hours of education including 24 hours of accounting, i.e. the equivalent of an undergraduate degree in accounting. State laws govern the practice of accountancy and specify the requirements to be eligible to sit for the CPA exam. In most states, the State Board of Accountancy has a website that outlines those requirements. Corporate Accounting Financial Management Financial Reporting Internal Auditing Cost Accounting Tax Planning Budget Analysis Companies of all sizes, in all industries Many managers in corporate settings obtain an MBA degree after several years of work experience. Government Auditing Financial Reporting Financial Management Budget Analysis Research Federal agencies and departments including: Federal Bureau of Investigation Internal Revenue Service Department of the Treasury General Accounting Office Office of Management and Budget Securities Exchange Commission State and local agencies Become familiar with the government application process. Information compiled from: Christopher Newport University, Davidson College, University of Delaware, and The University of Tennessee, Knoxville p. 4
5 AREAS EMPLOYERS STRATEGIES Education Teaching Research Consulting Universities and colleges A Ph.D. in Accounting or a DBA, Doctorate in Business Administration, in accounting is generally required. Maintain a high GPA and secure strong faculty recommendations for admittance into graduate school. Non-Profit Accounting Internal Audit Financial Planning Budgeting Money Handling Record Keeping Social service agencies and organizations Hospitals Public school systems Universities and colleges Religious organizations Libraries and museums Political parties Labor unions Volunteer at non-profit organizations and build a network of contacts in the non-profit sector. Information compiled from: Christopher Newport University, Davidson College, University of Delaware, and The University of Tennessee, Knoxville p. 5
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