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Auditing Major

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Auditing

28 Bachelor's Degrees Annually
114 Master's Degrees Annually
#100 in Popularity
$78,820 Median Salary

Types of Degrees Auditing Majors Are Getting

The following table lists how many auditing graduations there were in 2018-2019 for each degree level.

Education Level Number of Grads
Master’s Degree 114
Graduate Certificate 32
Bachelor’s Degree 28
Basic Certificate 5

What Auditing Majors Need to Know

O*NET surveyed people in occupations related to auditing and asked them what knowledge areas, skills, and abilities were important for their jobs. The responses were rated on a scale of 1 to 5 with 5 being most important.

Knowledge Areas for Auditing Majors

Auditing majors often go into careers in which the following knowledge areas are important:

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  • Economics and Accounting - Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
  • English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
  • Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
  • Law and Government - Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
  • 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.

Skills for Auditing Majors

When studying auditing, 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:

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  • 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.
  • Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
  • Speaking - Talking to others to convey information effectively.
  • Writing - Communicating effectively in writing as appropriate for the needs of the audience.

Abilities for Auditing Majors

As a auditing major, you will find yourself needing the following abilities:

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  • Written Comprehension - The ability to read and understand information and ideas presented in writing.
  • Oral Expression - The ability to communicate information and ideas in speaking so others will understand.
  • Deductive Reasoning - The ability to apply general rules to specific problems to produce answers that make sense.
  • Problem Sensitivity - The ability to tell when something is wrong or is likely to go wrong. It does not involve solving the problem, only recognizing there is a problem.
  • Written Expression - The ability to communicate information and ideas in writing so others will understand.

What Can You Do With a Auditing Major?

Below is a list of occupations associated with auditing:

Job Title Job Growth Rate Median Salary
Accountants 10.0% $70,500
Auditors 10.0% $70,500
Financial Examiners 9.7% $80,180

Who Is Getting a Bachelor’s Degree in Auditing?

28 Bachelor's Degrees Annually
57% Percent Women
64% Percent Racial-Ethnic Minorities*
This major is dominated by women with about 57% of recent graduates being female.

Racial-Ethnic Diversity

At the countrywide level, the racial-ethnic distribution of auditing majors is as follows:

Racial-Ethnic Diversity of Auditing Students with Bachelor's Degrees
Race/Ethnicity Number of Grads
Asian 0
Black or African American 5
Hispanic or Latino 11
White 10
International Students 0
Other Races/Ethnicities 2

How Much Do Auditing Majors Make?

Salaries According to BLS

Auditing majors often go into careers where salaries can range from $78,820 to $90,310 (25th to 75th percentile). 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.

Median Salary for an Auditing Major  ( 78820 to 90310 )
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250K
Median Salary for a High School Graduate  ( 30000 to 57900 )
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250K
Median Salary for a Bachelor's Degree Holder  ( 45600 to 99000 )
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250K
Median Salary for an Advanced Degree Holder  ( 55600 to 125400 )
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250K

Some degrees associated with auditing may require an advanced degree, while others may not even require a bachelor’s in the field. Whatever the case may be, pursuing more education usually means that more career options will be available to you.

Find out what the typical degree level is for auditing careers below.

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Education Level Percentage of Workers
Some College Courses 19.1%
Associate’s Degree (or other 2-year degree) 7.9%
Bachelor’s Degree 55.3%
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. 3.0%
Master’s Degree 14.9%

Online Auditing Programs

In 2018-2019, 21 schools offered a auditing program of some type. 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) 2 0
Certificate (1-2 years) 0 0
Certificate (2-4 Years) 0 0
Associate’s Degree 1 0
Bachelor’s Degree 5 1
Post-Baccalaureate 2 0
Master’s Degree 7 1
Post-Master’s 2 0
Doctor’s Degree (Research) 0 0
Doctor’s Degree (Professional Practice) 0 0
Doctor’s Degree (Other) 0 0

Is a Degree in Auditing Worth It?

The median salary for a auditing grad is $78,820 per year. This is based on the weighted average of the most common careers associated with the major.

This is 98% more than the average salary for an individual holding a high school degree. This adds up to a gain of about $778,400 after 20 years!

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You may also be interested in one of the following majors related to auditing.

Major Number of Grads
Accounting 79,652
Accounting Technology/Technician and Bookkeeping 20,239
Accounting and Finance 2,451
Accounting and Business/Management 1,853
Other Accounting and Related Services 749

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.

More about our data sources and methodologies.

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