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Accounting Careers in Colorado

Written by AnonymousMay 3, 2011

Examining Accounting Careers in Colorado

Colorado accountants have it made. Not only do they earn some of the highest salaries in the industry, their numbers have steadily increased since 2006. This means job growth for accountants in this state is stable. 

Many Colorado accountants are Certified Public Accountants (CPAs). Other types of accountants can certainly find jobs here, but CPAs are in high demand. To become a CPA in Colorado, you need a bachelor’s degree in accounting from an accredited U.S. college or university, a minimum of 27 semester hours of accounting courses, and 21 semester hours of general business courses. The Colorado Board of Accountancy also requires three of the accounting semester hours to be in auditing.

With the right education, you can earn your CPA license and get a good job, but some of Colorado’s top accounting firms may want more. Consider earning a master of accountancy (MAcc) or an MBA with an accounting focus to increase your chances of obtaining a top position.

Salary Trends for Accountants in Colorado

The average salary for an accountant working in the U.S. is $67,430. Colorado accountants earn $68,910, up from $61,420 in 2006. Colorado accountants working in the largest metropolitan areas earn anywhere from $66,260-$73,170. They are:

  • Boulder: $73,170
  • Denver-Aurora: $70,060
  • Colorado Springs: $66,260
  • Fort Collins: $67,580

Employment Trends for Accountants in Colorado

Colorado has one of the highest concentrations of accountants in the U.S. There were 23,940 accountants living in Colorado in 2006. By 2009, this figure jumped to 29,110. Job growth here is expected to rise along with the rest of the nation, which is projected at 22 percent. Employment in the largest metropolitan areas are:

  • Denver-Aurora: 19,490
  • Colorado Springs: 2,540
  • Boulder: 1,770
  • Fort Collins: 1,140

Career Outlook

At 22 percent job growth across the nation, the accounting field is one of the fastest growing in the nation. Why? Thanks to a lagging economy, accountants are needed now more than ever before. They’re needed by families, individuals, and companies to help manage their finances and cut costs. Accountants also help companies and government entities uncover fraud and other illegal practices. Although CPAs and certified management accountants (CMAs) can handle many of these tasks, forensic accountants are called on more often to handle fraud and other white collar crimes.

Forensic accountants investigate money laundering, bankruptcy fraud, securities fraud, and embezzlement. They can help settle contract disputes and they testify in court as expert witnesses when needed. The demand for all types of accountants is high, with forensic accountants at the top of the list.

For more information about becoming an accountant in Colorado, visit the Department of Regulatory Agencies (DORA) Board of Accountancy.

Note: The statistics in this article are taken from the Bureau of Labor Statistics (www.bls.gov).