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Accounting Careers in South Carolina

Written by AnonymousMay 3, 2011

Examining Accounting Careers in South Carolina

South Carolina has a lot to offer accountants. Job and salary growth are at the top of the list, followed by a low cost of living and a number of scenic cities to choose from. South Carolina accountants work in areas like Myrtle Beach, Richmond County, and Charlotte.  They can earn anywhere from $47,920 to $67,110, depending on location.

Many South Carolina accountants are Certified Public Accountants (CPAs), but they work in all fields. In addition to public accounting, they work in management accounting, government accounting, and internal auditing.

In order to become a CPA in South Carolina, you have to obtain a license. You’ll need at least 150 semester hours of college education, including a bachelor’s or higher degree from an accredited school with an accounting concentration. You also need at least one year of accounting experience to sit for the licensing exam.

Salary Trends for Accountants in South Carolina

Accountants across the U.S. averaged $67,430 in 2009. South Carolina accountants averaged $56,340. Although South Carolina’s average is lower than the national average, South Carolina accountants have come a long when it comes to earnings. In 2006, they averaged $52,180. If you want to earn more than the average, consider moving to a larger metropolitan area such as:

  • Charlotte-Gastonia-Concord, NC-SC: $67,110
  • Augusta-Richmond County, GA-SC: $66,770
  • Greenville-Maudlin-Easley: $59,540
  • Charleston-North Charleston-Summerville: $57,140

The areas listed are home to the majority of the state’s accountants. CPAs will find the best opportunities in these cities, so consider taking the South Carolina CPA licensing exam as soon as you meet the state’s education requirements.

Employment Trends for Accountants in South Carolina

There are 13,420 accountants living in South Carolina. Many live in the Charlotte-Gastonia-Concord area (7,750), Greenville-Maudlin-Easley (2,470), Charleston-North Charleston-Summerville (2,380), Augusta-Richmond County (1,320), and Myrtle Beach-North Myrtle Beach-Conway (930).

The accounting industry overall is expected to grow by 22 percent. This will add 279,400 new jobs to a pool of nearly 1.3 million across the U.S. In South Carolina, job growth has occurred at a rate of approximately 300 new jobs per year since 2006.

Career Outlook

Public and private scrutiny of companies’ financial activities and unlawful financial pursuits by companies, crime syndicates, and individuals have increased over the years thanks to America’s economic crisis. This has created a strong demand for accountants in all specialty areas, particularly forensic accountants.

Forensic accountants investigate white-collar crimes such as embezzlement, money laundering, and securities and bankruptcy fraud. They also help settle contract disputes and often appear as expert witnesses during trials.

For more information about what it takes to become an accountant in South Carolina, visit the South Carolina Board of Accountancy.

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