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
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$14,000
$139,000
Salary by State
| 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..
$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..
$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.
$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.
$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.
$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.
$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.
$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..
$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.
$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.
$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 |
|---|---|---|
| Execu|Search | $87,538 | |
| Execu|Search | New York | $86,647 |
| Integritas Resources, Inc. | California | $85,813 |
| Integritas Resources, Inc. | $85,813 | |
| Northbound Search | $84,635 | |
| Accounting and Finance | $84,635 | |
| Northbound Search | New York | $84,635 |
| Accounting and Finance | New York | $84,635 |
| Kforce Finance and Accounting | $80,324 | |
| Kforce Finance and Accounting | New York | $80,324 |
| Robert Half Finance & Accounting | Connecticut | $79,844 |
| Robert Half Finance & Accounting | $76,720 | |
| Nigel Frank International | $76,036 | |
| Nigel Frank International | New York | $76,036 |
| Robert Half Finance & Accounting | California | $74,416 |
| Schlumberger | Texas | $63,107 |
| Ledgent Finance & Accounting | California | $54,774 |
| DISYS | Texas | $54,774 |
| Hays | Massachusetts | $47,838 |
| London & Partners | Virginia | $39,950 |
References
- Management accounting – Wikipedia
- Accountants and Auditors : Occupational Outlook Handbook …
- Management Accountant Salary and Job Description …
- Institute of Management Accountants (IMA)
- CGMA – Chartered Global Management Accountant
*Indicates number of job postings as of June, 2017.
