What Does a Accountant / CPA Do?

Accountants and Certified Public Accountants (CPAs) are responsible for preparing and examining financial records, ensuring that organizations and individuals remain financially accurate and compliant with applicable laws and regulations. On a typical day, they may analyze financial statements, reconcile accounts, prepare tax returns, process payroll, perform audits, and generate budget forecasts. They also advise clients or management on financial decisions, identify cost-saving opportunities, and maintain detailed records using accounting software such as QuickBooks, SAP, or Oracle. Accountants work in a wide variety of settings, including public accounting firms, corporations, government agencies, nonprofit organizations, healthcare institutions, and as independent consultants. While the role is primarily office-based, remote and hybrid arrangements have become increasingly common, and some accountants travel to client sites for audits or consultations.

This career is well suited to individuals who have strong analytical skills, a high attention to detail, an aptitude for mathematics, and the ability to communicate complex financial information in a clear and straightforward manner. Those who enjoy problem-solving, working with data, and helping organizations or individuals achieve financial stability will find the work especially rewarding. The minimum required education for entry-level positions is Bachelor's degree, though earning a CPA license โ€” which requires additional coursework, work experience, and passing a rigorous exam โ€” significantly expands career opportunities and earning potential. The job outlook for accountants and auditors remains steady, driven by ongoing demand across virtually every industry and sector. The median annual wage for accountants and auditors is $79,880, with experienced CPAs and those in senior or specialized roles often earning considerably more.

Education & Requirements

1
Earn a Bachelor's Degree

Complete a Bachelor's degree in Accounting, Finance, or a related field. This foundational degree covers core topics such as financial reporting, taxation, auditing, and business law, giving you the essential knowledge required to enter the accounting profession.

2
Meet CPA Education Requirements

Most states require 150 semester hours of college education to sit for the CPA exam, which is typically more than a standard Bachelor's degree. You may need to take additional coursework or pursue a master's degree in Accounting or Business Administration to fulfill this requirement.

3
Gain Relevant Work Experience

After completing your Bachelor's degree, obtain supervised accounting experience under a licensed CPA. Most state boards require between one and two years of professional experience in areas such as public accounting, tax preparation, or financial auditing before granting CPA licensure.

4
Pass the CPA Exam

With your Bachelor's degree and education hours in hand, sit for the Uniform CPA Examination administered by the AICPA. The exam consists of four sections covering auditing, financial accounting, regulation, and business concepts, all of which must be passed within an 18-month window.

5
Obtain Licensure and Continue Education

Apply for your state CPA license after passing the exam and meeting experience requirements following your Bachelor's degree. Maintain your license through ongoing continuing professional education (CPE) credits, staying current with evolving tax laws, accounting standards, and industry regulations.

Job Outlook

The accounting profession continues to demonstrate robust and steady demand across virtually every sector of the economy. According to current projections, employment for accountants and auditors is expected to grow by +4% over the next decade, driven by increasingly complex tax regulations, expanding financial compliance requirements, and the growing need for transparent corporate reporting. Businesses of all sizes โ€” from small startups to Fortune 500 corporations โ€” rely on skilled CPAs to manage financial risk, ensure regulatory compliance, and guide strategic decision-making. Government agencies, nonprofit organizations, public accounting firms, and financial institutions are among the most consistent hirers, meaning that accounting professionals benefit from an exceptionally diverse pool of potential employers. With an estimated 136,400 job openings projected each year, the field offers remarkable stability even during economic downturns, as financial oversight remains a non-negotiable function for organizations regardless of market conditions.

Geographic and specialty factors play a significant role in shaping earning potential and opportunity within the accounting field. Major metropolitan areas such as New York City, Chicago, Houston, and San Francisco tend to offer the highest concentration of positions, particularly within large public accounting firms and financial services companies, though remote and hybrid roles are increasingly expanding access to competitive salaries in smaller markets. The national median wage for accountants and CPAs currently stands at $79,880, though specialists in high-demand niches such as forensic accounting, international tax, mergers and acquisitions, and cybersecurity auditing can command significantly higher compensation. Earning a CPA license remains one of the strongest credentials a professional can hold, often translating directly into faster promotions and greater earning power. As artificial intelligence and automation reshape routine bookkeeping tasks, CPAs who develop expertise in advisory services, data analytics, and strategic financial planning are especially well-positioned for long-term career growth and leadership opportunities.

Where to Study

We’ve identified 15 schools offering programs related to this career, including online options.

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