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Accounting Careers in Ohio

Written by AnonymousJune 9, 2011
Ohio

Examining Accounting Careers in Ohio

More than 40,000 accountants live in Ohio. Although the talent pool has decreased slightly since 2006, salaries have increased. At $62,830 per year, Ohio accountants average more than most accountants across the U.S. And accountants in specialized fields such as forensic accounting or accountants living in metropolitan areas tend to earn even more.

To become an accountant in Ohio, you must have a bachelor’s degree or higher in accounting from an accredited U.S. college or university. If your degree is from a college in another country, your application for a license will be evaluated on an individual basis. Although a bachelor’s degree may be enough for most entry-level jobs, many of Ohio’s top accounting firms prefer to hire people with a master of accountancy (MAcc) or an MBA with a concentration in accounting.

Salary Trends for Accountants in Ohio

Accountants across the U.S. averaged $67,430 in 2009. Ohio accountants averaged $62,830. Although Ohio accountants make less than the national average, they earn more than accountants living in neighboring states such as West Virginia ($56,720) and Kentucky ($54,990). Accountants living in the largest metropolitan areas in Ohio earn $61,810-$66,390 per year. They are:

  • Dayton, OH: $66,390
  • Toledo, OH: $65,380
  • Cleveland-Elyria-Mentor, OH: $65,350
  • Cincinnati-Middletown, OH-KY-IN: $63,950
  • Akron, OH: $62,480

The Cleveland-Elyria-Mentor metropolitan area along with Columbus and Cincinnati, have more opportunities for accountants than other areas. Around 65 percent of the state’s accountants live in these cities.

Employment Trends for Accountants in Ohio

There are 40,180 accountants living in Ohio. It is unknown whether the talent pool will grow in the coming years. The industry overall, however, is expected to grow by 22 percent. This will add 279,400 new jobs to a population of nearly 1.3 million accountants across the U.S.

Career Outlook

All accountants will have a place in this growing career field, but forensic accountants will be in high demand. Forensic accountants are responsible for investigating white-collar crimes such as money laundering, bankruptcy and securities fraud, and embezzlement. They handle contract disputes and often appear as expert witnesses during trials.

Thanks to increased public and private scrutiny of companies’ financial activities and an increase in unlawful financial pursuits by companies, crime syndicates, and individuals, the demand for all accountants, especially CPAs, will continue to increase in the coming years.

For more information about what it takes to become an accountant in Ohio, visit the Accountancy Board of Ohio at http://www.acc.ohio.gov/.

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