Business Management and Accounting Job Outlook in 2024 (2024)

Are you considering a career in business management and accounting? You've made a wise choice. According to the Bureau of Labor Statistics (BLS), employment in the field of accounting and auditing is projected to grow 6 percent from 2022 to 2032, which is about as fast as the average for all occupations. California, in particular, has a high demand for these professionals. In this blog, we'll explore the job outlook for business management and accounting in California in 2024, and how you can get started on a path towards this rewarding career.

California Job Market for Business Management and Accounting

California is home to some of the largest and most innovative companies in the world, such as Apple, Google, and Facebook. As a result, the state has a high demand for skilled professionals in Business Management and Accounting.

According to the California Employment Development Department (EDD), the employment of accountants and auditors in California is projected to grow 7.7% from 2018 to 2028, with an estimated 13,000 annual job openings. Similarly, the employment of administrative services managers is projected to grow 9.3%, with an estimated 2,600 annual job openings.

Overall, the job outlook for Business Management and Accounting in California is positive, with strong demand for skilled professionals in a variety of roles.

Career Opportunities for Business Management and Accounting Graduates

Business management and accounting graduates have a wide range of career opportunities available to them. Here are some of the most popular jobs in this field:

Bookkeeper: Bookkeepers are responsible for recording financial transactions, maintaining financial records, and ensuring accuracy in financial reporting. They may also be responsible for preparing financial reports and tax returns.

Accounting Clerk: Accounting clerks provide support to accounting departments by performing tasks such as data entry, record-keeping, and reconciling accounts. They may also prepare financial reports and assist in tax preparation.

Auditing Clerk: Auditing clerks assist auditors by reviewing financial statements, verifying information, and ensuring compliance with regulations. They may also be responsible for preparing reports and communicating findings to management.

Office Manager: Office managers oversee the day-to-day operations of an office, which may include managing finances, supervising employees, and coordinating administrative tasks.

Supervisor or Manager: Supervisors or managers oversee a team of employees, and may be responsible for managing budgets, analyzing financial data, and ensuring compliance with regulations.

Federal, State, and Local Government Jobs: There are a variety of accounting and auditing jobs available in the public sector, including positions in the Internal Revenue Service (IRS), the California State Controller's Office, and local government agencies.

Benefits of Pursuing a Business Management and Accounting Degree

Pursuing a degree in Business Management and Accounting can open up many career opportunities in California and beyond. Here are some benefits of pursuing a degree in this field:

Job Security: As mentioned above, there is a high demand for skilled professionals in Business Management and Accounting. Pursuing a degree in this field can provide you with job security and stability.

Career Advancement: With a degree in Business Management and Accounting, you can advance your career and take on more senior roles within your organization.

Flexibility: Business Management and Accounting professionals are needed in a variety of industries, including healthcare, finance, and technology. Pursuing a degree in this field can provide you with the flexibility to work in a variety of settings.

High Earning Potential: According to the EDD, the median annual wage for accountants and auditors in California is $87,200, while the median annual wage for administrative services managers is $108,260.

Why Choose National Career College?

Are you ready to take your career to the next level? Enroll in the Business Management and Accounting program at National Career College today and gain the skills and knowledge you need to succeed in the dynamic world of business!

Our program is designed to provide you with a comprehensive education in business management and accounting, with courses that cover everything from financial statement analysis to marketing and sales. Our experienced instructors are dedicated to helping you develop the practical skills you need to thrive in your career, and our hands-on approach to learning means that you'll have plenty of opportunities to apply what you've learned in real-world settings.

But the benefits of our program don't stop there. At National Career College, we are committed to helping you achieve your career goals, and we offer a range of support services to help you succeed. From resume and interview workshops to job placement assistance, we'll be there for you every step of the way.

So why wait? Enroll in the Business Management and Accounting program at National Career College today and start building the foundation for a successful career in business! Contact us to learn more and schedule a tour of our campus. We look forward to helping you achieve your goals!

Business Management and Accounting Job Outlook in 2024 (2024)

FAQs

Are accountants in demand in 2024? ›

Growth rates are strong, and demand for all of the services that accounting firms offer is high. As Jay Rasmus, a partner at MahoneySabol in Glastonbury, Connecticut, put it, "The fees keep going up and there seem to be many opportunities to get new business."

What is the employment outlook for 2024? ›

Total employment is expected to grow at a rate of 0.6 percent annually, reaching 160.3 million jobs by 2024.

What is the job outlook for accountants to be hired in the next 5 years? ›

According to the California Employment Development Department (EDD), the employment of accountants and auditors in California is projected to grow 7.7% from 2018 to 2028, with an estimated 13,000 annual job openings.

What is the highest projected employment for 2024? ›

Healthcare support occupations and healthcare practitioners and technical occupations are projected to add the most new jobs and be the fastest growing occupational groups. Healthcare practitioners is the only occupational group projected to add more than 1 million jobs.

Is accounting a growing or dying field? ›

There is a growing shortage of certified public accountants and the profession is aging, with 75% at retirement age.

What type of accountant is most in demand? ›

Here are some of the top in-demand accounting roles companies are hiring for right now, according to data from Robert Half:
  1. Corporate controller. Salary range: $111,000 - $210,750.
  2. Director of finance. Salary range: $121,750 - $178,500.
  3. Tax manager. Salary range: $133,000 - $207,500.
  4. Accounting manager. ...
  5. Senior accountant.
Apr 12, 2024

Which field will be in demand in 2024? ›

These are the Best Jobs of 2024, According to Indeed
RankJob title% Change in Job Share, 2020 vs. 2023
1mental health technician1
2loan officer3
3mental health therapist132
4electrical engineer34
21 more rows
Apr 18, 2024

Why is it so hard to get a job in 2024? ›

This Recruiter Is Sharing Why It's So Hard To Get Hired In 2024, And It Makes A Lot Of Sense. So far, in 2024, the job market has been getting tougher. Layoffs are up, wage growth is slowing down, and unemployment has ticked up to 3.9%.

What is the business outlook for 2024? ›

Recent signals point to an uptick in economic activity and a firming of inflation persistence, leading Vanguard to increase its outlook for 2024 GDP growth, from 0.3% to 0.7%, and its outlook for year-end core inflation, from 2.6% to 2.8%.

What is the outlook for management accountants? ›

A master's degree is not always required for advanced managerial accounting positions, but they are often preferred. According to the Bureau of Labor Statistics (BLS), the job outlook for accountants and auditors is strong with an anticipated growth rate of 4% between 2019 and 2029.

What is the long-term outlook for an accountant? ›

The U.S. Bureau of Labor Statistics (BLS) projects employment of accountants and auditors to grow 4% from 2022 to 2032, with about 126,500 job openings each year, on average, over this period. This growth is projected on a national level and local growth will vary by location.

Is accounting a stable career? ›

According to the BLS, the median annual salary for accountants and auditors was $71,550 in May 2020. And with experience, you can earn even more. With an accounting degree, you'll be well-positioned to enter a stable and potentially lucrative career.

What is the hiring outlook for 2024? ›

Nonfarm payrolls increased 303,000 jobs in March, but we expect the slowdown in job growth to renew. The unemployment rate averaged 3.8%; it's expected to rise mildly to 3.9% on average in 2024. Wage growth averaged 4.1% and should slow further.

What are the labor trends in 2024? ›

Labor Force Participation Rebounds: The year 2024 sees a return to pre-pandemic stability. Shift in Job Availability and Employee Expectations: A significant decline in job postings prompts a reevaluation of recruitment strategies. Hybrid Work Models Gain Traction: Employees increasingly favor hybrid work arrangements.

What is the employment outlook for 2026? ›

47,000 more workers on average each year to 2026.

Employment is forecast to grow by 1.8% annually, adding about 47,000 workers on average per year to the workforce in the 10 years to 2026.

Will accountants be in demand in the future? ›

The EY need for CPA track candidates remains healthy and is projected to continue to be robust. We've seen a modest increase in our CPA hires between 2020 and 2022.

Is CPA going to change in 2024? ›

A new version of the CPA Exam launched on January 10, 2024. The CPA licensure model is transforming to recognize the rapidly changing skills and competencies the practice of accounting requires today and will require in the future.

What is the best job in 2024? ›

Here are the best jobs of 2024:
  • Nurse Practitioner.
  • Financial Manager.
  • Software Developer.
  • IT Manager.
  • Physician Assistant.
  • Medical and Health Services Manager.
  • Information Security Analyst.

Is demand for accountants declining? ›

As corporations and individual tax preparers increasingly turn to automated software to perform tasks formerly handled by entry-level accountants, demand for accountants has declined.

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