Accounting Technology Programs in Michigan
Educational Information:
Accounting technology is often affiliated with financial and business accounting. Professionals that obtain their accounting technology degree are often expected to analyze a number of business situations with the top-notch technology and business software on the market today.
Licensing Information:
To get a license in Michigan, you need to meet the following requirements:
- Be of sound moral character
- Pay for all of the testing and application fees
- Pass the CPA examination
- Provide official transcripts for review when taking the exam
- Meet the minimum educational requirements of at least a bachelor degree consisting of 150 hours for completed classes with an accounting concentration. 30 of those hours need to be in accounting, as well as 39 hours in the general business realm.
- Fulfill the minimum experience requirements in Michigan consisting of 2,000 hours and a year of work in the accounting field.
Employment Information:
As of May 2020, accounting professionals earned an average salary of $77,160 in Michigan. Between 2018 and 2028, the number of accountant and auditor jobs in the state is projected to increase by 0.7%, which is slower than the national average growth rate of 4% during this period. About 3,510 annual job openings in this field are expected during this ten-year period leading to 2028 due to a combination of new job growth, retirements, and natural job turnover.
Detroit and other large urban hubs within the state provide an abundance of financial positions for those looking to work in the accounting field. Licensed individuals have a better advantage over their non-licensed counterparts. Automotive and entertainment industries require the business operator to promote the industry and economic health of the state. Michigan’s Association of CPAs keep all of their members current about any new developments in the field, job postings, and any relevant events pertaining to their career.
May 2020 Bureau of Labor Statistics salary and job market trends for accountants and auditors represent state data, not school-specific information.
Job growth projections for 2018-2028 sourced from the U.S. Department of Labor-sponsored O*Net database. Figures represent state data, not school-specific information.
Conditions in your area may vary. Data Accessed May 2021.