Find Business Schools

Study Area & Zipcode

General Accounting Major

Find Schools Near

General Accounting

51,670 Bachelor's Degrees Annually
19,244 Master's Degrees Annually
#2 in Popularity
$79,830 Median Salary

Types of Degrees General Accounting Majors Are Getting

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

Education Level Number of Grads
Bachelor’s Degree 51,697
Master’s Degree 19,244
Associate’s Degree 4,727
Basic Certificate 1,613
Undergraduate Certificate 1,399
Graduate Certificate 931
Doctor’s Degree 41

What General Accounting Majors Need to Know

In an O*NET survey, accounting majors were asked to rate what knowledge areas, skills, and abilities were important in their occupations. These answers were weighted on a scale of 1 to 5 with 5 being the most important.

Knowledge Areas for Accounting Majors

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

undefined
  • 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.
  • Customer and Personal Service - Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.

Skills for Accounting Majors

When studying accounting, 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:

undefined
  • 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 Accounting Majors

Accounting majors often go into careers where the following abilities are vital:

undefined
  • 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.
  • Deductive Reasoning - The ability to apply general rules to specific problems to produce answers that make sense.
  • Oral Comprehension - The ability to listen to and understand information and ideas presented through spoken words and sentences.
  • Inductive Reasoning - The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).

What Can You Do With a General Accounting Major?

Below is a list of occupations associated with accounting:

Job Title Job Growth Rate Median Salary
Accountants 10.0% $70,500
Auditors 10.0% $70,500
Budget Analysts 6.5% $76,220
Credit Analysts 8.3% $71,520
Financial Examiners 9.7% $80,180

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

51,697 Bachelor's Degrees Annually
51% Percent Women
31% Percent Racial-Ethnic Minorities*
Roughly 51% of the graduates are women, and 49% are men.

Racial-Ethnic Diversity

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

Racial-Ethnic Diversity of Accounting Students with Bachelor's Degrees
Race/Ethnicity Number of Grads
Asian 4,276
Black or African American 3,440
Hispanic or Latino 6,838
White 30,687
International Students 3,339
Other Races/Ethnicities 3,117

Geographic Diversity

Accounting appeals to people across the globe. About 6.5% of those with this major are international students.

How Much Do General Accounting Majors Make?

Salaries According to BLS

Accounting 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 the salary for a person with just a bachelor’s degree may be a little less and the one for a person with an advanced degree may be a little more.

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 a General Accounting Major  ( 78820 to 90310 )
0K
250K
Median Salary for a High School Graduate  ( 30000 to 57900 )
0K
250K
Median Salary for a Bachelor's Degree Holder  ( 45600 to 99000 )
0K
250K
Median Salary for an Advanced Degree Holder  ( 55600 to 125400 )
0K
250K

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

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

undefined
Education Level Percentage of Workers
High School Diploma - or the equivalent (for example, GED) 7.9%
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) 1.6%
Some College Courses 10.1%
Associate’s Degree (or other 2-year degree) 9.4%
Bachelor’s Degree 45.5%
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. 1.8%
Master’s Degree 11.8%
Post-Master’s Certificate - awarded for completion of an organized program of study; designed for people who have completed a Master’s degree but do not meet the requirements of academic degrees at the doctoral level. 0.6%
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%
Doctoral Degree 11.5%

Online General Accounting Programs

In 2018-2019, 1,588 schools offered a accounting 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) 190 55
Certificate (1-2 years) 178 41
Certificate (2-4 Years) 15 5
Associate’s Degree 430 144
Bachelor’s Degree 115 35
Post-Baccalaureate 190 55
Master’s Degree 523 122
Post-Master’s 14 0
Doctor’s Degree (Research) 21 1
Doctor’s Degree (Professional Practice) 0 0
Doctor’s Degree (Other) 0 0

Is a Degree in General Accounting Worth It?

The median salary for a accounting grad is $79,830 per year. This is based on the weighted average of the most common careers associated with the major.

This is 100% more than the average salary for an individual holding a high school degree. This adds up to a gain of about $798,600 after 20 years!

undefined

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

Major Number of Grads
Accounting Technology/Technician and Bookkeeping 20,239
Accounting and Finance 2,451
Accounting and Business/Management 1,853
Other Accounting and Related Services 749
Auditing 179

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.

Featured Schools

You have goals. Southern New Hampshire University can help you get there. Whether you need a bachelor's degree to get into a career or want a master's degree to move up in your current career, SNHU has an online program for you. Find your degree from over 200 online programs.

Visit School

Find Business Schools Near You

Our free school finder matches students with accredited business colleges across the U.S.