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Accounting Careers in Rhode Island

Written by AnonymousJune 9, 2011
Rhode Island

Examining Accounting Careers in Rhode Island

Rhode Island is home to around 3,960 accountants. In 2006, the state was home to 4,190. While the state has lost accounting jobs over the years, the average salary has increased. In 2006, Rhode Island accountants averaged $63,750. In 2009, they averaged $65,390. 

You can increase your earning power and marketability by becoming a certified public accountant (CPA). As a CPA, you qualify for advanced positions at accounting firms, government agencies, and a variety and businesses in all sectors. To become a CPA in Rhode Island, you’ll need a bachelor’s degree in accounting or a degree in business with an accounting focus.

Salary Trends for Accountants in Rhode Island

Accountants across the U.S. averaged $67,430 in 2009. Rhode Island accountants averaged $65,390. This is an increase of $1,640 over the 2006 average. Depending on where you live, you may earn more or less than the state average. Here’s a look at the average salaries in a couple of the state’s metropolitan areas:

  • Providence-Fall River-Warwick, RI-MA: $65,270
  • Norwich-New London, CT-RI: $59,130

Employment Trends for Accountants in Rhode Island

Whether job growth in the accounting field here will bounce back in the coming years is unknown. Overall job growth in the industry is expected to average 22 percent over the next seven years. This will add close to 279,400 new jobs to a population of more than 1.3 million accountants. Here’s how Rhode Island looks:

  • Providence-Fall River-Warwick, RI-MA: 4,410
  • Norwich-New London, CT-RI: 640

Career Outlook

Changes in the way businesses, companies, and even families handle money is a reality in America today. This has created a strong demand for accountants, which is one of the reasons growth in this industry is expected to be much faster than average over the next seven years. Although the number of accountants in Rhode Island has decreased, their services are still needed for tax preparation, financial management, audits, and bookkeeping.

For more information about becoming a credentialed accountant in Rhode Island, visit the Rhode Island Board of Public Accountancy.

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