Tax Accounting Programs in Vermont
Educational Information:
In Vermont, students can select from over eight colleges and universities that offer accounting programs in the state. There are programs that offer certificates, associate’s degrees, bachelor’s degrees and master’s degrees in accounting in the state. An accounting program provides students with the technical skills to perform audits, create budgets, create financial reports, perform a financial analysis and also consult with businesses about their financial situations.
Licensing Information:
In Vermont, the requirements for becoming a CPA are less stringent than standards imposed by other states. Students must have a bachelor’s degree and at least 150 completed credit hours. They do not need to have U.S. or state residency to obtain a CPA license in the state. There is also no minimum age that applicants must meet in order to receive a CPA license. Students will need to have at least one year of accounting experience to be eligible to receive a license in the state. The experience can be obtained in the four years the precede or follow the exam.
Employment Information:
Students in Vermont will be able to find employment with a wide range of employers upon graduation. Employers in the state include charities, government organizations, local city governments, private companies, banks, investment management firms and law firms. Students can even use an accounting degree to become an international accountant, comptroller or IRS investigator. For those who are ambitious to succeed in the business world, one appealing career may be the role of the Chief Financial Officer (CFO).
As of May 2020, accounting professionals earned an average salary of $73,630 in Vermont, while tax preparers here earned an average salary of $51,820. Between 2018 and 2028, the number of accountant and auditor jobs in the state is projected to increase by 4%, and the number of tax preparer jobs is projected to increase by 3%.
About 320 annual job openings for accountants and 40 annual job openings for tax preparers are expected during this ten-year period leading to 2028 due to a combination of new job growth, retirements, and natural job turnover.
May 2020 Bureau of Labor Statistics salary and job market trends for accountants and auditors and tax preparers. Figures represent state data, not school specific information. Conditions in your area may vary. Data accessed April 2021.
Job growth projections for accountants and auditors and tax preparers sourced from the U.S. Department of Labor-sponsored O*Net database and based on state-specific information (2018-2028)