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5 Best Industries and Salaries for Accounting Degree Graduates

By Susan - Tuesday 13 Jan 11:00 am

Accounting degrees offer a lucrative future in terms of appealing salaries and the promise of future growth in your field. Accountants will always be in employment, no matter what the situation of our economy. Books will always need to be done, in fact companies depend on accountants to keep their financial status in check. Accounting degrees are therefore one step in the right direction towards being employed within a reliable and economically viable field.

There are certain industries within the accounting field that are more competitive in terms of the salaries they offer. Having your accounting degree can assist you in breaking into one of these niche industries and making your way towards a leading accounting position and impressive salary.

The 5 best industries and salaries for those with accounting degrees are as follows:

  1. Accounting Firms – Obviously accounting degree graduates will benefit hugely from accounting firms who’s sole focus is on supplying accounting services to various companies and business establishments. Depending on where you work, you could receive a starting salary of $30000 – $55000 per annum, $40000 to $85000 after 3 – 5 years and between $50000 and $110000 after 5 – 7 years of service. 
  2. Law Firms and Legal Enterprises – Law firms deal with a of of money coming in and going out. The accounting department needs to be on it’s toes in order to keep everything in balance and to ensure that accounts are paid. An accounting degree more than qualifies you for this job, but the pressure may be high. Annual salaries will be similar to that of the accounting firm listed above. 
  3. Contract work in all Industries – Although you may not be guaranteed that you will have work for the next two years, you will be able to demand a higher salary for your contract period. Accounting degree graduates would be able to take advantage of this, although it is advisable to have some working experience first before promoting yourself as a solo flyer. Salary can start at $50000 on an annual basis. 
  4. Government – Although Government have strict budgets to adhere to, they reward thir employees hugely with impressive salaries as well as incredible benefits. Accounting degree graduates would find it to be extremely beneficial working within government accounting offices. Average annual salary starting at $50000. 
  5. Private Healthcare – Private healthcare operations offer attractive packages for anyone that is employed within their workforce. Accounting degree holders will find themselves to be decently remunerated for accounting services rendered in this domain. Average annual salary starting at $43000. 

All salary information was obtained on Payscale.com and further information regarding this subject can be found by clicking here. By referring to their guide of expected salaries, accounting degree graduates can decide for themselves which industries would be the most profitable to enter into.

Posted in: College Degrees

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10 Most Lucrative College Degrees

By Susan - Saturday 3 Jan 10:15 am

The different types of college degrees are vast and voluminous, and the amount of fields of employment to enter into are numerous. Some college degrees can guarantee that you are offered an extremely beneficial and lucrative starting salary, others can’t. Depending on your specifications and personal interests, you could be selecting a college degree that doesn’t offer a large return on investment by way of your potential salary. Selecting a college degree that suits your personal interests and talents, as well as offering a lucrative return on salary is definitely the option that you want to be searching for.

Some career paths will start with a college degree that can guarantee you a competitive salary and an advantageous setup from the start. There are some variables such as location, graduating college etc. that could alter these figures somewhat, but generally speaking, the college degrees listed below are found to be highly lucrative in terms of the opening salary they offer upon commencement of employment.

According to an article published in 2007 on CNN Money, the following college degrees return the most financial rewards in terms of the starting salary that can be offered upon finding employment within that field. Some changes might have occurred in the last year to the figures listed alongside these college degrees:

  1. Chemical Engineering – The most lucrative college degree on offer promising students a starting salary of $59361 per annum 
  2. Computer Engineering – Bringing in $56201 as a starting salary after completing a college degree in this field 
  3. Electrical Engineering – $55291 is the opening salary post attaining a college degree in this subject 
  4. Mechanical Engineering – College degree holders in this field can expect to earn $54128 upon commencement of employment 
  5. Computer Science – Upon graduation, a college degree in Computer Science could earn you $53396 as a starting salary 
  6. Civil Engineering – $48509 is the starting salary for employees with a college degree in Civil Engineering 
  7. Economics – A college degree in Economics will earn you an opening salary of $48483 per annum 
  8. Management of Information Systems – With a starting salary of $47648, college degree holders can guarantee themselves a head start in life 
  9. Finance – A college degree in Finance opens with a starting salary of $47239 
  10. Accounting – $46718 is offered as an opening salary to college degree holders in the field of Accounting

If the college degrees listed above don’t compliment your strengths and skills in any way, then you could opt to enter into the field of Business Administration or Management, Marketing, Political Science or Government, or perhaps a college degree in History, English, Sociology or Psychology? These subjects were also listed in the same article as the top choices for the most lucrative college degree choices, and offer extremely competitive salaries as listed in the Summer of 2007. The entire article can be read in context by visiting the CNN Money website here.

Posted in: College Degrees

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