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Accounting Careers in New Hampshire

Written by AnonymousJune 6, 2011

Examining Accounting Careers in New Hampshire

New Hampshire accountants have enjoyed steady employment and salary growth since 2006. The industry here added nearly 500 new jobs between 2006 and 2009, and the average salary increased by nearly $7,000. Accountants in this state can expect to make a good living, but Certified Public Accountants (CPAs) can make an even better one. Many companies, businesses, and government offices prefer to hire CPAs.

To become an accountant in the state of New Hampshire, you must have a bachelor’s degree or higher from an accredited U.S. college or university. To become a CPA, you must have a degree in accounting or business with a focus in accounting, plus experience. You can’t sit for the CPA licensing exam until you’ve met these requirements.

Once you’ve earned your CPA license, you can expect plenty of opportunities. Some of the best opportunities, however, may be offered to individuals with a CPA license, several years of experience, and a master of accountancy (MAcc) or an MBA with an accounting focus.

Salary Trends for Accountants in New Hampshire

Accountants across the U.S. averaged $67,430 in 2009. New Hampshire accountants averaged $59,610, up from $52,780 in 2006. While New Hampshire accountants’ average earnings are less than the national average, they earn more than accountants living in a number of states such as Kansas ($56,300), Louisiana ($54,540), and South Carolina ($56,340). Accountants living in the largest cities in New Hampshire earn an average of $61,620-$62,900. They are:

  • Nashua: $62,900
  • Manchester: $61,620

Employment Trends for Accountants in New Hampshire

There are 3,760 accountants in the state of New Hampshire. They live in all cities, but most live in Nashua (1,150) and Manchester (790). Based on the addition of 470 new jobs between 2006 and 2009, plus overall job growth in the industry, which is expected to average 22 percent, the number of accountants in the state of New Hampshire will continue to grow.

Career Outlook

White-collar crime is on the rise and so is public and private scrutiny of companies’ financial activities. This has resulted in a strong demand for accountants, public accountants, CPAs, and accountants with special expertise such as forensic accountants.  Many forensic accountants hold both the CPA and CFE (Certified Fraud Examiner) designations, so they perform many of the same duties as other types of accountants, with one exception. Forensic accountants have a legal background so they are better equipped to handle white-collar crimes like securities and bankruptcy fraud, money laundering, and embezzlement. Forensic accountants also appear as expert witnesses at trials and they help settle contract disputes when they’re not busy fighting white-collar crime.

For more information about what it takes to become a credentialed accountant in New Hampshire, visit the New Hampshire Board of Accountancy at http://www.nh.gov/accountancy.

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