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Accounting Careers in New Jersey

Written by AnonymousJune 9, 2011
New Jersey

Examining Accounting Careers in New Jersey

New Jersey has a lot to offer accountants! For starters, New Jersey has experienced more job and salary growth since 2006 than most other states. New Jersey didn’t lose any accountants because of the recession; it gained more than 700. And salaries grew by nearly $10,000 over the past three years.

New Jersey accountants can find jobs all over the state, but the most opportunities are in Newark. To land a job as an accountant in Newark or any other city in New Jersey, you must have a bachelor’s degree or higher from an accredited U.S. college or university with a major in accounting or related field. A bachelor’s degree is actually the bare minimum requirement in this state. Many top New Jersey firms look for candidates with a master of accountancy (MAcc) or an MBA with an accounting focus.

Salary Trends for Accountants in New Jersey

Accountants across the U.S. averaged $67,430 in 2009. New Jersey accountants averaged $79,330 (up from $70,180 in 2006), making it among  the top five highest paid states for accountants in the U.S. Accountants living in the largest metropolitan areas in New Jersey earn an average of $73,140-$83,130 per year. They are:

  • Edison-New Brunswick, NJ: $83,130
  • Newark-Union, NJ: $83,120
  • Trenton-Ewing, NJ: $73,140

New Jersey’s major metropolitan areas are home to more than half the state’s accountants. Both public accountants (PAs) and CPAs will find the best opportunities in these cities..

Employment Trends for Accountants in New Jersey   

There are 36,510 accountants living in New Jersey. Many live in the Newark-Union (11,260), Edison-New Brunswick (8,760), and Trenton-Ewing (2,420) metropolitan areas. The pool of talented New Jersey accountants is expected to grow based on current growth in the state (from 35,740 in 2006 to 36,510 in 2009) and employment growth in the career field overall, which is expected to be 22 percent between now and 2018.

Career Outlook

Twenty-two percent employment growth is nothing to sneeze at, but where is it coming from? The economic crisis has led many companies to re-examine their policies and practices. Government agencies are also keeping a closer watch. Because of this, the demand for accountants in the U.S., especially forensic accountants, has increased and will continue to.

Forensic accountants are responsible for investigating white-collar crimes such as money laundering, bankruptcies, securities fraud, and embezzlement. They handle contract disputes and they also appear as expert witnesses during trials.

For more information about what it takes to become an accountant in New Jersey, visit the New Jersey State Board of Accountancy at http://www.state.nj.us/lps/ca/accountancy/acct_licensee.htm.

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