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Accounting Careers in Massachusetts

Written by AnonymousMay 12, 2011

Examining Accounting Careers in Massachusetts

Massachusetts is home to more than 30,000 accountants working in all fields from forensics to tax prep. These professional number crunchers earn one of the highest average salaries for accountants in the nation and salary growth is expected to continue. Just think, in 2006 Massachusetts accountants earned $62,060. Today, they earn $73,290.

A bachelor’s degree with a major in accounting or a related field is the minimum requirement to become an accountant in Massachusetts. The degree must come from an accredited U.S. college or university. Degrees from a foreign college or university are acceptable, but they’re evaluated on an individual basis.

Massachusetts has some of the biggest accounting firms in the nation. While a bachelor’s degree might get your foot in the door at many smaller firms, top firms in this state prefer to hire people with a master of accountancy (MAcc) or an MBA with an accounting focus.

Salary Trends for Accountants in Massachusetts

The average salary for an accountant working in the U.S. is $67,430 per year. Massachusetts accountants earn an average of $73,290. They average more than accountants working in some of the largest states in the U.S. including California, ($72,170), Florida ($62,260), Texas ($65,780), and Illinois ($69,660).

Accountants living in the largest metropolitan areas in the state of Massachusetts earn an average of $62,370 to $74,410. They are:

  • Boston-Cambridge-Quincy, MA-NH: $74,410
  • Worchester, MA-CT: $65,290
  • Providence-Fall River-Warwick, RI-MA: $65,270
  • Springfield, MA-CT: $62,370

The areas listed are home to more than 75 percent of Massachusetts’ accountants. Those new to  the industry will find the most opportunities in these cities, but not until they’ve received a Massachusetts CPA license.

Employment Trends for Accountants in Massachusetts

There are 33,360 accountants living in Massachusetts. Most live in the Boston-Cambridge-Quincy, MA-NH area (33,360). Others live in the Providence-Fall River-Warwick, RI-MA area (4,410), Worchester, MA-CT (2,030), and Springfield, MA-CT (1,740). The number of accountants in Massachusetts is expected to grow as the industry overall swells by 22 percent in the coming years.

Career Outlook

Certified Public Accountants will be in high demand in the coming years, but so will forensic accountants! Forensic accountants specialize in investigating white-collar crimes such as bankruptcy fraud, embezzlement, money laundering, and securities fraud. Forensic accountants also spend time appearing as expert witnesses during trials.

The demand for accountants overall is the result of increased public and private scrutiny of companies’ financial activities and an increase in unlawful financial pursuits by companies, crime syndicates, and individuals. 

For more information about what you need to do to become an accountant in Massachusetts, visit the Board of Public Accountancy at Mass.gov.

Note: The statistics in this article are taken from the Bureau of Labor Statistics.