Accounting Schools in Maryland
Many institutions in Maryland issue accounting degrees for those who successfully complete the requirements. The institutions range from community colleges that issue certificate or associate degrees for accounting to universities that issue associate, Bachelor’s, Master’s and/or doctorate degrees. Most positions in accounting; however, require at least an accounting Bachelor’s degree.
In Maryland, licensed accounting professionals must pass a certified public accounting (CPA) exam after completing 30 additional credit hours beyond a Bachelor’s degree. Most Bachelor’s degrees consist of earning 120 credits in typical courses such as:
- principles of accounting
- business statistics
- micro- and macro-economics
- accounting systems
- ethics in accounting
Accounting positions are expected to grow by 16% according to the Bureau of Labor Statistics (BLS). The expected growth is predicted for the decade between 2010 and 2020. Maryland is ranked as the fourth top paying state for the BLS category of “Accountants and Auditors” in the same report. The reported annual mean salary is $76,100. Accountants and the divisions under the broad term of accounting have responsibilities that include examining financial statements for accuracy, maintaining financial records and upholding their company’s tax responsibilities. Private and public businesses or industries and government agencies hire accountants. Entailed below are some specific classifications as listed in the BLS report and some of their summarized assigned tasks.
- Cost Estimators- People employed in this classification must be detail oriented and very organized. They collect data on how the company or agency compensates its workers and disburses its capital. The data is then analyzed and scrutinized to find areas to improve the financial performance of the company.
- Management Analysts- This classification of accountants collaborates with the management personnel of a company or agency to improve profits by sharing studied results of how to reduce costs and increase revenue. Efficient operation of the company is the main purpose of an analyst; thereby, setting up the company to be more competitive and successful.
- Post-secondary Teachers- Those who want to instruct others in accounting can have a career with institutions beyond the high school education level. In addition to instructing students, these instructors oversee research and write about their findings for publication. A doctorate degree is usually required for those employed as post-secondary teachers.