Management Accountant

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The following article discusses the career of Management Accountant highlighting what they do, the work environment, how to become, training and certification, education, job and salary outlook.

What We Do

As a management accountant, you will monitor your team while they prepare financial reports, statements and records. You will also be responsible for handling the daily operations of the accounting department, including managing staff and making sure they know which direction to follow. Finally, you will write, implement and adhere to internal procedures and policies, as well as ensuring all activities are in compliance with federal and state regulations.

Work Environment

As a management accountant, you will usually work in an office during regular business hours. However, travel and overtime are both common.

How to Become

Becoming a management accountant takes a lot of years of training and work experience. Besides this, you must have a number of specific soft skills, of which communication (oral and written) are probably the most important.

Training & Certification Requirements

Becoming a management accountant starts with a bachelor’s degree in accounting or business. You then need to become certified as a management accountant. However, most businesses now want their management accountants to hold a master’s degree and they look for those who have at least five years’ relevant work experience.

Education Requirements

Bachelor’s

Job Outlook

The job outlook for all accountants and auditors is 11% between 2014 and 2024, which the U.S. Bureau of Labor Statistics says is faster than average.

National Salary

The national average salary estimate for Management Accountant was $55,313. This number is estimated from over 556 employees, users past and present job advertisements from Indeed.com. This equates to an hourly salary of $28.81 and monthly of $4,609.

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$14,000

$139,000

Salary Distribution

Salary by State

The following section lists Management Accountant salaries in each state around the country. The figures are based on the total number of job postings through Indeed.com. For example, Minnesota had the largest quoted salary of $91,906 while Colorado had the smallest quoted salary of $33,008.

Alaska$49,000 Rank: 49th

The average salary ranks 49th among states in the country. There were no current job openings from employers in this state.

Alabama$68,000 Rank: 12th

The average salary ranks 12th among states in the country. There were no current job openings from employers in this state.

Arkansas$68,000 Rank: 13th

The average salary ranks 13th among states in the country. There were no current job openings from employers in this state.

Arizona$55,000 Rank: 44th

The average salary ranks 44th among states in the country. There were no current job openings from employers in this state.

California$66,934 (▲21% Above national average) Rank: 7th

The average salary ranks 7th among states in the country. There were also job openings from employers like Integritas Resources, Inc., Robert Half Finance & Accounting, Ledgent Finance & Accounting, and AAA Tax Consultants Inc..

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$21,000

$137,000

Salary Distribution
Colorado$33,008 (▼40% Below national average) Rank: 35th

The average salary ranks 35th among states in the country. There were also job openings from employers like CPL N.I. Ltd..

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$14,000

$65,000

Salary Distribution
Connecticut$44,291 (▼20% Below national average) Rank: 4th

The average salary ranks 4th among states in the country. There were also job openings from employers like Robert Half Finance & Accounting and Advanced Personnel Management.

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$14,000

$116,000

Salary Distribution
DC$84,000 Rank: 1st

The average salary ranks 1st among states in the country. There were no current job openings from employers in this state.

Delaware$59,000 Rank: 36th

The average salary ranks 36th among states in the country. There were no current job openings from employers in this state.

Florida$62,000 Rank: 28th

The average salary ranks 28th among states in the country. There were no current job openings from employers in this state.

Georgia$76,000 Rank: 5th

The average salary ranks 5th among states in the country. There were no current job openings from employers in this state.

Hawaii$41,000 Rank: 52nd

The average salary ranks 52nd among states in the country. There were no current job openings from employers in this state.

Iowa$66,000 Rank: 17th

The average salary ranks 17th among states in the country. There were no current job openings from employers in this state.

Idaho$44,000 Rank: 51st

The average salary ranks 51st among states in the country. There were no current job openings from employers in this state.

Illinois$76,000 Rank: 6th

The average salary ranks 6th among states in the country. There were no current job openings from employers in this state.

Indiana$64,000 Rank: 24th

The average salary ranks 24th among states in the country. There were no current job openings from employers in this state.

Kansas$61,000 Rank: 31st

The average salary ranks 31st among states in the country. There were no current job openings from employers in this state.

Kentucky$58,000 Rank: 41st

The average salary ranks 41st among states in the country. There were no current job openings from employers in this state.

Louisiana$60,000 Rank: 33rd

The average salary ranks 33rd among states in the country. There were no current job openings from employers in this state.

Massachusetts$46,725 (▼16% Below national average) Rank: 2nd

The average salary ranks 2nd among states in the country. There were also job openings from employers like Hays.

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$14,000

$104,000

Salary Distribution
Maryland$69,000 Rank: 10th

The average salary ranks 10th among states in the country. There were no current job openings from employers in this state.

Maine$59,000 Rank: 37th

The average salary ranks 37th among states in the country. There were no current job openings from employers in this state.

Michigan$68,000 Rank: 14th

The average salary ranks 14th among states in the country. There were no current job openings from employers in this state.

Minnesota$91,906 (▲66% Above national average) Rank: 38th

The average salary ranks 38th among states in the country. There were also job openings from employers like Robert Half Finance & Accounting.

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$40,000

$163,000

Salary Distribution
Missouri$66,000 Rank: 18th

The average salary ranks 18th among states in the country. There were no current job openings from employers in this state.

Mississippi$70,000 Rank: 9th

The average salary ranks 9th among states in the country. There were no current job openings from employers in this state.

Montana$56,000 Rank: 43rd

The average salary ranks 43rd among states in the country. There were no current job openings from employers in this state.

North Carolina$64,000 Rank: 25th

The average salary ranks 25th among states in the country. There were no current job openings from employers in this state.

North Dakota$59,000 Rank: 39th

The average salary ranks 39th among states in the country. There were no current job openings from employers in this state.

Nebraska$49,000 Rank: 50th

The average salary ranks 50th among states in the country. There were no current job openings from employers in this state.

New Hampshire$66,000 Rank: 19th

The average salary ranks 19th among states in the country. There were no current job openings from employers in this state.

New Jersey$41,997 (▼24% Below national average) Rank: 8th

The average salary ranks 8th among states in the country. There were also job openings from employers like Walker Dendle.

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$14,000

$96,000

Salary Distribution
New Mexico$58,000 Rank: 42nd

The average salary ranks 42nd among states in the country. There were no current job openings from employers in this state.

Nevada$51,000 Rank: 47th

The average salary ranks 47th among states in the country. There were no current job openings from employers in this state.

New York$84,512 (▲53% Above national average) Rank: 3rd

The average salary ranks 3rd among states in the country. There were also job openings from employers like Execu|Search, Northbound Search, Accounting and Finance, and Kforce Finance and Accounting.

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$23,000

$185,000

Salary Distribution
Ohio$64,000 Rank: 26th

The average salary ranks 26th among states in the country. There were no current job openings from employers in this state.

Oklahoma$62,000 Rank: 29th

The average salary ranks 29th among states in the country. There were no current job openings from employers in this state.

Oregon$65,000 Rank: 21st

The average salary ranks 21st among states in the country. There were no current job openings from employers in this state.

Pennsylvania$65,000 Rank: 22nd

The average salary ranks 22nd among states in the country. There were no current job openings from employers in this state.

Rhode Island$61,000 Rank: 32nd

The average salary ranks 32nd among states in the country. There were no current job openings from employers in this state.

South Carolina$66,000 Rank: 20th

The average salary ranks 20th among states in the country. There were no current job openings from employers in this state.

South Dakota$51,000 Rank: 48th

The average salary ranks 48th among states in the country. There were no current job openings from employers in this state.

Tennessee$62,000 Rank: 30th

The average salary ranks 30th among states in the country. There were no current job openings from employers in this state.

Texas$61,299 (▲11% Above national average) Rank: 23rd

The average salary ranks 23rd among states in the country. There were also job openings from employers like Schlumberger, DISYS, and AmKen Solutions Inc..

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$28,000

$108,000

Salary Distribution
Utah$52,000 Rank: 46th

The average salary ranks 46th among states in the country. There were no current job openings from employers in this state.

Virginia$42,230 (▼24% Below national average) Rank: 15th

The average salary ranks 15th among states in the country. There were also job openings from employers like London & Partners.

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$15,000

$81,000

Salary Distribution
Vermont$59,000 Rank: 40th

The average salary ranks 40th among states in the country. There were no current job openings from employers in this state.

Washington$41,579 (▼25% Below national average) Rank: 11th

The average salary ranks 11th among states in the country. There were also job openings from employers like Michael Page.

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$15,000

$82,000

Salary Distribution
Wisconsin$60,000 Rank: 34th

The average salary ranks 34th among states in the country. There were no current job openings from employers in this state.

West Virginia$63,000 Rank: 27th

The average salary ranks 27th among states in the country. There were no current job openings from employers in this state.

Wyoming$55,000 Rank: 45th

The average salary ranks 45th among states in the country. There were no current job openings from employers in this state.

Top 20 National Employers

According to Indeed.com, the following states had employers looking to hire a Management Accountant. The quoted salary figure represents the average salary from all job postings by this employer.

Employer Name Location Average Salary

References

*Indicates number of job postings as of June, 2017.

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