Accounting and Business/Management

Types of Degrees Accounting and Business/Management Majors Are Getting

The following table lists how many accounting and business/management graduations there were for each degree level during the last year for which data was available.

Education Level	Number of Grads
Bachelor’s Degree	547
Master’s Degree	357
Associate Degree	233
Basic Certificate	142
Graduate Certificate	62
Undergraduate Certificate	8

What Accounting and Business/Management Majors Need to Know

In an O*NET survey, accounting and business/management majors were asked to rate what knowledge areas, skills, and abilities were important in their occupations. These answers were weighted on a scale of 1 to 5 with 5 being the most important.

Knowledge Areas for Accounting and Business/Management Majors

This major prepares you for careers in which these knowledge areas are important:

• Economics and Accounting - Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
• Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
• English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
• Administration and Management - Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.
• Law and Government - Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.

Skills for Accounting and Business/Management Majors

accounting and business/management majors are found most commonly in careers in which the following skills are important:

• Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
• Reading Comprehension - Understanding written sentences and paragraphs in work related documents.
• Active Listening - Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
• Speaking - Talking to others to convey information effectively.
• Writing - Communicating effectively in writing as appropriate for the needs of the audience.

Abilities for Accounting and Business/Management Majors

Some of the most crucial abilities to master while a accounting and business/management student include the following:

• Oral Expression - The ability to communicate information and ideas in speaking so others will understand.
• Deductive Reasoning - The ability to apply general rules to specific problems to produce answers that make sense.
• Written Comprehension - The ability to read and understand information and ideas presented in writing.
• Oral Comprehension - The ability to listen to and understand information and ideas presented through spoken words and sentences.
• Written Expression - The ability to communicate information and ideas in writing so others will understand.

What Can You Do With a Accounting and Business/Management Major?

Below is a list of occupations associated with accounting and business/management:

Job Title	Job Growth Rate	Median Salary
Accountants	10.0%	$70,500
Auditors	10.0%	$70,500
Financial Analysts	10.8%	$85,660
Financial Managers, Branch or Department	18.7%	$127,990
Treasurers and Controllers	18.7%	$127,990

Who Is Getting a Bachelor’s Degree in Accounting and Business/Management?

This major is dominated by women with about 59% of recent graduates being female.

Racial-Ethnic Diversity

At the countrywide level, the racial-ethnic distribution of accounting and business/management majors is as follows:

Race/Ethnicity	Number of Grads
Asian	60
Black or African American	87
Hispanic or Latino	105
White	231
International Students	17
Other Races/Ethnicities	47

Geographic Diversity

Americans aren’t the only ones with an interest in Accounting and Business/Management. About 3.1% of those with this major are international students.

Amount of Education Required for Careers Related to Accounting and Business/Management

Some degrees associated with accounting and business/management may require an advanced degree, while others may not even require a bachelor’s in the field. In general, the more advanced your degree the more career options will open up to you. However, there is significant time and money that needs to be invested into your education so weigh the pros and cons.

Find out what the typical degree level is for accounting and business/management careers below.

Education Level	Percentage of Workers
High School Diploma - or the equivalent (for example, GED)	3.6%
Post-Secondary Certificate - awarded for training completed after high school (for example, in agriculture or natural resources, computer services, personal or culinary services, engineering technologies, healthcare, construction trades, mechanic and repair technologies, or precision production)	0.4%
Some College Courses	13.2%
Associate’s Degree (or other 2-year degree)	5.2%
Bachelor’s Degree	46.3%
Post-Baccalaureate Certificate - awarded for completion of an organized program of study; designed for people who have completed a Baccalaureate degree but do not meet the requirements of academic degrees carrying the title of Master.	7.4%
Master’s Degree	23.9%
First Professional Degree - awarded for completion of a program that: requires at least 2 years of college work before entrance into the program, includes a total of at least 6 academic years of work to complete, and provides all remaining academic requirements to begin practice in a profession.	0.1%

Online Accounting and Business/Management Programs

The following table lists the number of programs by degree level, along with how many schools offered online courses in the field.

Degree Level	Colleges Offering Programs	Colleges Offering Online Classes
Certificate (Less Than 1 Year)	0	0
Certificate (1-2 years)	10	5
Certificate (2-4 Years)	0	0
Associate’s Degree	31	5
Bachelor’s Degree	5	3
Post-Baccalaureate	0	0
Master’s Degree	37	14
Post-Master’s	0	0
Doctor’s Degree (Research)	0	0
Doctor’s Degree (Professional Practice)	0	0
Doctor’s Degree (Other)	0	0

Majors Related to Accounting and Business/Management

You may also be interested in one of the following majors related to accounting and business/management.

Major	Number of Grads
Accounting	62,081
Accounting Technology/Technician and Bookkeeping	16,867
Accounting and Finance	3,496
Other Accounting and Related Services	795
Auditing	172

References

*The racial-ethnic minorities count is calculated by taking the total number of students and subtracting white students, international students, and students whose race/ethnicity was unknown. This number is then divided by the total number of students at the school to obtain the racial-ethnic minorities percentage.

• College Factual
• College Scorecard
• National Center for Education Statistics
• O*NET Online
• U.S. Bureau of Labor Statistics
• Usual Weekly Earnings of Wage and Salary Workers First Quarter 2020
• Image Credit: By Pixabay under License

More about our data sources and methodologies.