Accountant FAQ

No. Many accountants work without a CPA, but it’s required to sign audit opinions and is valued for advancement.

Usually a four-year degree, additional education or experience as your state requires, and passing the CPA Exam, often five to seven years total.

Software automates routine tasks, but analysis, judgment, advising and compliance work keep accountants in demand. BLS projects 5.0% growth from 2025 to 2035.

The median annual wage for accountants was $83,680 ($40.23 per hour) in May 2025, according to the U.S. Bureau of Labor Statistics. The lowest 10% earned less than $56,020 and the highest 10% earned more than $144,090.

Most people need about 4+ years of training. A bachelor’s degree in accounting or a related field is typical. CPA licensure requires passing the Uniform CPA Exam plus education and experience requirements set by each state; many states have added pathways with a bachelor’s degree and additional experience.

Usually, yes. BLS lists a bachelor's degree as the typical entry-level education, although skills, certifications and experience can sometimes substitute.

It can be, depending on your goals. Employment is projected to change +5.0% from 2025–35 (faster than average), with about 115,300 openings each year. Upsides include stable, well-paid profession; a common challenge is that busy seasons with long hours.

Key technical skills include gaap and financial reporting, tax preparation, auditing and internal controls, and excel and financial modeling. Employers also value analytical thinking, integrity, and communication of financial results.

Common credentials include CPA, CMA (IMA), EA (IRS), and CIA (IIA). CPAs are licensed by state boards of accountancy. Requirements include passing the Uniform CPA Exam and meeting education and experience rules that vary by state and have recently changed in many states.