Entry Level Accounting Jobs | Titles, Duties & Salary Range

Introduction

This tutorial provides a comprehensive overview of entry-level accounting jobs that new graduates can expect after earning a four-year degree in accounting. It covers various job titles, responsibilities, and salary expectations in both public and private accounting sectors. Understanding these roles can help you make informed decisions as you start your career in accounting.

Step 1: Understand Salary Expectations

As a new accounting graduate, salary expectations can vary based on location and industry.

• National Average: Approximately $43,000 per year.
• New York City Average: About $48,000 per year, translating to roughly $23 per hour.
• Salary Range: Entry-level salaries can go up to $58,000, depending on the industry.

Practical Advice

• Research salary information on platforms like ZipRecruiter or Glassdoor.
• Consider regional salary differences and the industry you choose.

Step 2: Explore Major Accounting Industries

You’ll primarily choose between two major industries in accounting:

1. Public Accounting: Working for an accounting firm, typically in audit or tax roles.
2. Private Accounting: Working directly for a company, focusing on internal accounting tasks.

Practical Advice

• Evaluate your career goals to decide which industry aligns with your aspirations, whether it be auditing, tax preparation, or corporate accounting.

Step 3: Identify Job Titles and Responsibilities in Public Accounting

Audit Associate

• Responsibilities:
  • Assist with audit reviews and compilations.
  • Prepare work papers to support audit findings.
  • Resolve discrepancies and understand the client’s accounting systems.

Tax Associate

• Responsibilities:
  • Prepare tax returns (1040, 1065, 1120).
  • Communicate with clients to gather necessary information.
  • Conduct tax research and adhere to IRS guidelines.

Practical Advice

• For audit roles, aim for a CPA license as it is often required.
• In tax roles, consider pursuing an Enrolled Agent certification.

Step 4: Identify Job Titles and Responsibilities in Private Accounting

Billing Analyst

• Responsibilities:
  • Prepare and distribute bi-weekly invoices.
  • Resolve billing inquiries and assist with account reconciliations.
  • Ensure billing accuracy by collaborating with sales and operations teams.

Accounts Payable Specialist

• Responsibilities:
  • Process invoices and prepare checks.
  • Review and verify expense reports from employees.
  • Maintain financial records and resolve payment discrepancies.

Practical Advice

• Gain experience in both billing and accounts payable roles to develop a well-rounded understanding of corporate finance.

Conclusion

Entry-level accounting jobs offer a variety of paths and opportunities for growth. Understanding salary expectations, industry differences, and specific job responsibilities can help you navigate your career effectively. As you embark on this journey, consider pursuing relevant certifications like CPA or EA, and seek internships or entry-level positions that align with your career goals. Continuous learning and professional development will be key to your success in the accounting field.