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Accounting Careers in Missouri

Written by AnonymousMay 12, 2011

Examining Accounting Careers in Missouri

Missouri accountants have a lot to cheer about! Job growth for accountants here is on the rise and so are salaries. While some states have seen a decrease in jobs and salaries, Missouri has added thousands of accounting jobs and salaries have increased by an average of more than $1,000. Missouri is also one of the country’s most affordable places to live, so your dollar will go a long way.

Many Missouri accountants are Certified Public Accountants (CPAs). This doesn’t mean other types of accountants can’t find jobs here, but CPAs are in higher demand. To become a CPA in Missouri, you need a bachelor’s degree in accounting from an accredited U.S. college or university and a minimum of 150 semester hours of relevant coursework. Sixty credit hours must be in business, accounting, and auditing.

With the right degree, you can earn your CPA license, but some of the top accounting firms in Missouri may want more. Consider earning a master of accountancy (MAcc) or an MBA with an accounting focus to increase your chances of landing a top position.

Salary Trends for Accountants in Missouri

The average salary for an accountant working in the U.S. is $67,430. Missouri accountants averaged $58,800. The good news is that they earned $57,710 in 2006, meaning salaries are on the rise. Although Missouri accountants overall make less than the national average, accountants in some Missouri cities earn close to the national average. Accountants living in the largest metropolitan areas in Missouri average anywhere from $52,390 to $64,090. They are:

  • St. Louis: $64,090
  • Kansas City: $57,980
  • Fayetteville-Springdale-Rogers, AR-MO: $53,670
  • Jefferson City: $52,670
  • Springfield: $52,390

Some undergraduate degrees in accounting won't meet the State of Missouri requirements to sit for the Uniform CPA Examination, so you might have to take supplemental coursework. Talk to an academic advisor to plan an appropriate course of study if you want to become a Missouri CPA.

Employment Trends for Accountants in Missouri

There were 24,050 accountants living in Missouri in 2006. By 2009, this figure jumped to 26,170. Job growth here is expected to continue to rise along with the rest of the nation, which is projected at 22 percent. So far, most accountants live in St. Louis, but their numbers are also growing in places like Kansas City and Springfield. Here’s what each area looks like:

  • St. Louis: 13,710
  • Kansas City: 10,740
  • Springfield: 1,570
  • Fayetteville-Springdale-Rogers, AR-MO: 970
  • Jefferson City: 930

Career Outlook

From big businesses to families looking for financial advice, accountants are needed now more than ever before. Accountants do more than tax preparation and payroll. They help companies manage their finances and cut costs, and they help uncover fraud and other illegal practices. CPAs can handle many of these tasks and certified management accountants (CMA) can too. However, forensics accountants may be better equipped to handle the darker side of corporate America.

Forensic accountants investigate securities fraud, embezzlement, money laundering, and bankruptcy fraud. When a company ends up in court, forensic accountants are usually there to appear as expert witnesses as well. The demand for all types of accountants is high, but forensic accountants will have the most opportunities.

Visit the Missouri Division of Professional Regulation for more information about becoming an accountant in Missouri.

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