Accounting and Related Services at Auburn University at Montgomery
Credential: Bachelor's | State: AL
Median Earnings (1yr post-grad): $42,389 | Annual Completions: 28
AUM Accounting: Solid Entry Earnings, Strong Long-Term Career Growth Potential
Program Analysis
Auburn University at Montgomery's Bachelor's degree in Accounting and Related Services (CIP Code 5203) offers a robust foundation for a career in the vital field of financial management. This program equips students with the essential knowledge and practical skills needed to navigate the complexities of accounting, auditing, taxation, and financial analysis. Students will delve into core accounting principles, learn to prepare financial statements, understand tax regulations, and develop proficiency in using accounting software. AUM's program distinguishes itself through its focus on hands-on learning, often incorporating case studies, real-world projects, and opportunities for internships within the Montgomery business community. The curriculum is designed to foster critical thinking, problem-solving abilities, and ethical decision-making, preparing graduates not just for entry-level positions but for long-term career growth.
Upon graduation, individuals with a Bachelor's in Accounting and Related Services are well-positioned for a variety of rewarding career paths. Common job titles include Staff Accountant, Junior Auditor, Tax Preparer, Bookkeeper, and Financial Analyst. These roles are in demand across numerous industries, including public accounting firms, corporate finance departments, government agencies, non-profit organizations, and healthcare. The Bureau of Labor Statistics (BLS) projects strong growth for accountants and auditors, with employment expected to grow 6% from 2022 to 2032, faster than the average for all occupations. This translates to approximately 137,000 new jobs annually over the decade.
Regarding salary expectations, graduates from AUM's program can anticipate a median earnings of $42,389 one year post-graduation. Entry-level positions typically range from $45,000 to $55,000 annually. With experience and professional development, mid-career professionals (5-10 years of experience) can expect to earn between $65,000 and $85,000. Senior-level positions, such as Accounting Manager, Controller, or Senior Auditor, can command salaries exceeding $90,000, with some reaching $120,000 or more, particularly in larger corporations or specialized roles. These figures indicate a solid return on investment, especially when considering the cost of a bachelor's degree.
Compared to the national median earnings for accounting majors, AUM's reported median of $42,389 is slightly below the national average, which hovers around $55,000-$60,000 for those with a bachelor's degree. However, it's crucial to note that AUM's figure represents earnings one year post-graduation, and the BLS data suggests significant earning potential increases with experience. The cost of a bachelor's degree at AUM is generally competitive, making the initial investment manageable. The skills gained are highly transferable and consistently valued by employers. These include strong analytical and quantitative skills, attention to detail, proficiency in accounting software (like QuickBooks, SAP, or Oracle), knowledge of Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS), tax law comprehension, and excellent communication and problem-solving abilities.
Industry trends such as increasing regulatory complexity, the growing importance of data analytics in finance, and the ongoing need for accurate financial reporting continue to drive demand for accounting professionals. The rise of automation and artificial intelligence is also reshaping the field, creating a need for accountants who can leverage technology and focus on higher-level analysis and strategic decision-making. Graduates who embrace these technological advancements and possess strong analytical skills will find themselves in high demand.
For students considering this program, it's advisable to actively seek internship opportunities to gain practical experience and build professional networks. Pursuing professional certifications, such as the Certified Public Accountant (CPA) or Certified Management Accountant (CMA), after graduation can significantly enhance career prospects and earning potential. Engaging with faculty, participating in accounting clubs, and staying abreast of industry news are also recommended steps for success. The AUM Accounting program provides a strong launchpad for a stable and lucrative career in a field that is fundamental to the functioning of any organization.
ROI Verdict
Auburn University at Montgomery's Accounting program offers a respectable starting point with a median first-year salary of $42,389. While this is below the national average for accounting graduates, the career path offers substantial growth, with mid-career earnings potentially reaching $70,000-$90,000+. Considering the likely cost of a bachelor's degree, the long-term earning potential suggests a positive return on investment, especially for those who pursue advanced certifications.
Career Paths
Graduates of Accounting and Related Services at Auburn University at Montgomery can pursue the following career paths:
- Staff Accountant — Responsible for preparing financial statements, managing accounts payable/receivable, and assisting with audits. Found in virtually all industries.. Median salary: $55,000, Strong growth outlook.
- Junior Auditor — Examines financial records to ensure accuracy and compliance with regulations. Primarily found in public accounting firms and internal audit departments.. Median salary: $60,000, Strong growth outlook.
- Tax Preparer — Prepares and files tax returns for individuals and businesses. Employed by tax preparation firms, accounting firms, and corporations.. Median salary: $52,000, Strong growth outlook.
- Financial Analyst — Analyzes financial data, provides insights for investment decisions, and forecasts financial performance. Common in corporate finance and investment firms.. Median salary: $70,000, Strong growth outlook.
- Bookkeeper — Records financial transactions, maintains ledgers, and reconciles accounts. Essential for small to medium-sized businesses.. Median salary: $48,000, Moderate growth outlook.
Skills Gained
Key skills developed in this program:
- Financial Statement Analysis
- Tax Preparation and Compliance
- Auditing Principles
- Accounting Software Proficiency (e.g., QuickBooks, SAP)
- Regulatory Knowledge (GAAP/IFRS)
Industry Outlook
The demand for accounting and related services professionals remains robust, driven by increasing regulatory complexity and the need for accurate financial reporting across all sectors. Technological advancements, such as automation and data analytics, are transforming the field, creating opportunities for graduates skilled in leveraging these tools for strategic financial insights. Professionals who can adapt to these changes and possess strong analytical capabilities will find excellent job prospects.
Frequently Asked Questions about Accounting and Related Services at Auburn University at Montgomery
Is Accounting and Related Services. at Auburn University at Montgomery worth it?
Auburn University at Montgomery's Accounting and Related Services program offers a solid foundation for a career with significant long-term earning potential. While the median earnings one year post-graduation are reported at $42,389, which is below the national average for accounting majors (often around $55,000-$60,000), the accounting field is known for its strong career progression. With experience, mid-career professionals can expect to earn $65,000-$85,000, and senior roles can exceed $90,000. The cost of a bachelor's degree at AUM is generally competitive. Therefore, the investment is likely worthwhile, particularly for students who plan to pursue professional certifications like the CPA, which further boosts earning potential and career advancement, ensuring a positive return on investment over time.
What jobs can I get with a Accounting and Related Services. degree?
A Bachelor's degree in Accounting and Related Services from Auburn University at Montgomery opens doors to a wide array of essential roles across various industries. Graduates can pursue positions such as Staff Accountant, responsible for daily financial operations and reporting; Junior Auditor, ensuring financial accuracy and compliance; Tax Preparer, assisting individuals and businesses with tax filings; and Bookkeeper, managing financial records for smaller organizations. More analytical roles like Financial Analyst, which involves forecasting and investment analysis, are also accessible. These positions are in high demand within public accounting firms, corporate finance departments, government agencies, non-profits, and healthcare organizations, offering diverse career trajectories.
How much do Accounting and Related Services. graduates earn?
Graduates from Auburn University at Montgomery's Accounting and Related Services program report a median earning of $42,389 one year after graduation. Entry-level positions typically start in the range of $45,000 to $55,000 annually. As professionals gain experience, typically within 5 to 10 years, mid-career salaries often fall between $65,000 and $85,000. For those who advance into senior management or specialized roles, such as Accounting Manager, Controller, or Senior Auditor, earnings can exceed $90,000, with potential to reach $120,000 or more depending on the company size, industry, and location. These figures highlight a strong upward trajectory in earning potential throughout a career in accounting.
What skills will I learn in Accounting and Related Services.?
The Accounting and Related Services program at Auburn University at Montgomery is designed to equip students with a comprehensive set of technical and soft skills highly valued in the professional world. Core technical competencies include a deep understanding of financial accounting principles, auditing procedures, and tax regulations. Students will gain proficiency in preparing and analyzing financial statements, managing accounts, and utilizing industry-standard accounting software. Beyond technical skills, the program emphasizes the development of critical thinking, problem-solving abilities, meticulous attention to detail, and strong ethical judgment. Effective communication, both written and verbal, is also a key focus, enabling graduates to clearly present financial information and collaborate effectively within teams.
Is there demand for Accounting and Related Services. graduates?
Yes, there is consistently strong demand for Accounting and Related Services graduates. The Bureau of Labor Statistics (BLS) projects employment for accountants and auditors to grow 6% from 2022 to 2032, which is faster than the average for all occupations. This growth is fueled by the ongoing need for businesses and organizations of all sizes to maintain accurate financial records, comply with complex regulations, and make informed financial decisions. The increasing volume of financial transactions, evolving tax laws, and the rise of data analytics in finance further contribute to this demand. Graduates with a solid understanding of accounting principles and the ability to adapt to new technologies will find ample opportunities in the job market.
How does Auburn University at Montgomery's Accounting and Related Services. program compare to others?
Auburn University at Montgomery's Accounting and Related Services program provides a solid educational foundation comparable to many other institutions offering similar bachelor's degrees. The reported median earnings one year post-graduation ($42,389) are slightly lower than the national average for accounting majors, which typically falls in the $55,000-$60,000 range. However, this initial figure often doesn't reflect the full earning potential, as accounting careers show significant salary growth with experience. AUM's program likely offers a competitive tuition rate compared to larger research universities, potentially making the overall return on investment more favorable. The quality of education, faculty expertise, and career services offered by AUM are key factors to consider when comparing it to other programs, alongside specific internship opportunities available in the Montgomery area.
What are the admission requirements for Accounting and Related Services. at Auburn University at Montgomery?
Admission requirements for the Accounting and Related Services program at Auburn University at Montgomery generally align with the university's standard undergraduate admission criteria. Prospective students typically need to submit high school transcripts demonstrating a strong academic record, including coursework in mathematics and English. Standardized test scores (SAT or ACT) may be required, although policies can vary. Applicants should also complete the university's general application form and pay any associated application fees. Specific prerequisite courses within the business school or accounting major might be required upon entry or during the first year. It is highly recommended that students visit the AUM Admissions website or contact the admissions office directly for the most current and detailed information on GPA requirements, test score expectations, application deadlines, and any specific prerequisites for the College of Business.
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Analysis based on U.S. Department of Education data. Not enrollment advice. Verify information with the institution directly.