Accounting Management

Types of Degrees Accounting Management Majors Are Getting

The following table lists how many accounting and business/management graduations there were in 2020-2021 for each degree level.

Education Level	Number of Grads
Bachelor’s Degree	672
Master’s Degree	367
Associate Degree	241
Graduate Certificate	235
Basic Certificate	111
Undergraduate Certificate	11

What Accounting Management Majors Need to Know

People with careers related to accounting and business/management were asked what knowledge areas, skills, and abilities were important for their jobs. They weighted these areas on a scale of 1 to 5 with 5 being the highest.

Knowledge Areas for Accounting and Business/Management Majors

This major prepares you for careers in which these knowledge areas are important:

• Economics and Accounting - Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
• Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
• English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
• Administration and Management - Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.
• Law and Government - Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.

Skills for Accounting and Business/Management Majors

When studying accounting and business/management, you’ll learn many skills that will help you be successful in a wide range of jobs - even those that do not require a degree in the field. The following is a list of some of the most common skills needed for careers associated with this major:

• Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
• Reading Comprehension - Understanding written sentences and paragraphs in work related documents.
• Active Listening - Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
• Speaking - Talking to others to convey information effectively.
• Writing - Communicating effectively in writing as appropriate for the needs of the audience.

Abilities for Accounting and Business/Management Majors

Some of the most crucial abilities to master while a accounting and business/management student include the following:

• Deductive Reasoning - The ability to apply general rules to specific problems to produce answers that make sense.
• Oral Expression - The ability to communicate information and ideas in speaking so others will understand.
• Written Comprehension - The ability to read and understand information and ideas presented in writing.
• Oral Comprehension - The ability to listen to and understand information and ideas presented through spoken words and sentences.
• Written Expression - The ability to communicate information and ideas in writing so others will understand.

What Can You Do With a Accounting Management Major?

People with a accounting and business/management degree often go into the following careers:

Job Title	Job Growth Rate	Median Salary
Accountants	10.0%	$70,500
Auditors	10.0%	$70,500
Financial Analysts	10.8%	$85,660
Financial Managers, Branch or Department	18.7%	$127,990
Treasurers and Controllers	18.7%	$127,990

Who Is Getting a Bachelor’s Degree in Accounting Management?

The major attracts more women than men. About 66% of the recent graduates in this field are female.

Racial-Ethnic Diversity

At the countrywide level, the racial-ethnic distribution of accounting and business/management majors is as follows:

Race/Ethnicity	Number of Grads
Asian	52
Black or African American	117
Hispanic or Latino	143
White	273
International Students	39
Other Races/Ethnicities	48

Geographic Diversity

Accounting and Business/Management appeals to people across the globe. About 5.8% of those with this major are international students.

How Much Do Accounting Management Majors Make?

Salaries According to BLS

Average salaries range from $78,820 to $146,830 (25th to 75th percentile) for careers related to accounting and business/management. This range includes all degree levels, so you may expect those with a more advanced degree to make more while those with less advanced degrees will typically make less.

To put that into context, according to BLS data from the first quarter of 2020, the typical high school graduate makes between $30,000 and $57,900 a year (25th through 75th percentile). The average person with a bachelor’s degree (any field) makes between $45,600 and $99,000. Advanced degree holders make the most with salaries between $55,600 and $125,400.

Amount of Education Required for Careers Related to Accounting Management

Some careers associated with accounting and business/management require an advanced degree while some may not even require a bachelor’s. In general, the more advanced your degree the more career options will open up to you. However, there is significant time and money that needs to be invested into your education so weigh the pros and cons.

How much schooling do you really need to compete in today’s job market? People currently working in careers related to accounting and business/management have obtained the following education levels.

Education Level	Percentage of Workers
High School Diploma - or the equivalent (for example, GED)	3.6%
Post-Secondary Certificate - awarded for training completed after high school (for example, in agriculture or natural resources, computer services, personal or culinary services, engineering technologies, healthcare, construction trades, mechanic and repair technologies, or precision production)	0.4%
Some College Courses	13.2%
Associate’s Degree (or other 2-year degree)	5.2%
Bachelor’s Degree	46.3%
Post-Baccalaureate Certificate - awarded for completion of an organized program of study; designed for people who have completed a Baccalaureate degree but do not meet the requirements of academic degrees carrying the title of Master.	7.4%
Master’s Degree	23.9%
First Professional Degree - awarded for completion of a program that: requires at least 2 years of college work before entrance into the program, includes a total of at least 6 academic years of work to complete, and provides all remaining academic requirements to begin practice in a profession.	0.1%

Online Accounting Management Programs

In the 2020-2021 academic year, 140 schools offered some type of accounting and business/management program. The following table lists the number of programs by degree level, along with how many schools offered online courses in the field.

Degree Level	Colleges Offering Programs	Colleges Offering Online Classes
Certificate (Less Than 1 Year)	0	0
Certificate (1-2 years)	9	3
Certificate (2-4 Years)	0	0
Associate’s Degree	32	7
Bachelor’s Degree	6	3
Post-Baccalaureate	0	0
Master’s Degree	33	8
Post-Master’s	1	0
Doctor’s Degree (Research)	0	0
Doctor’s Degree (Professional Practice)	0	0
Doctor’s Degree (Other)	0	0

Is a Degree in Accounting Management Worth It?

The median salary for a accounting and business/management grad is $100,990 per year. This is based on the weighted average of the most common careers associated with the major.

This is 153% more than the average salary for an individual holding a high school degree. This adds up to a gain of about $1,221,800 after 20 years!

Majors Related to Accounting Management

You may also be interested in one of the following majors related to accounting and business/management.

Major	Number of Grads
Accounting	73,172
Accounting Technology/Technician and Bookkeeping	19,817
Accounting and Finance	3,648
Other Accounting and Related Services	814
Auditing	177

References

*The racial-ethnic minorities count is calculated by taking the total number of students and subtracting white students, international students, and students whose race/ethnicity was unknown. This number is then divided by the total number of students at the school to obtain the racial-ethnic minorities percentage.

• College Factual
• College Scorecard
• National Center for Education Statistics
• O*NET Online
• U.S. Bureau of Labor Statistics
• Usual Weekly Earnings of Wage and Salary Workers First Quarter 2020
• Image Credit: By Pixabay under License

More about our data sources and methodologies.