An auditor is like an accountant, sharing many of the same responsibilities and skills, except rather than preparing financial statements for an individual or corporation, auditors are responsible for verifying the accuracy of such statements. There are two primary types of auditors: internal and external. Internal auditors are employed by the organization they are auditing, while external auditors are employed by an outside organization. Similar to accountants, auditors typically need at least a bachelor’s degree in accounting or an education in a related field.
As of May 2021, auditors earned an annual salary between $47,970 and $128,970, according to BLS. Employment for this profession is projected to grow by 6% between 2021 and 2031. That translates to an estimated 136,400 openings each year.
Maintaining the financial health of an organization is the key responsibility of a financial manager. These professionals often create financial reports, forecasts and budget plans to maximize profits. Because of the high level of responsibility in this role, financial managers typically need a bachelor’s degree and at least five years of experience in a similar profession, such as accounting or financial analysis, according to BLS.
Financial advisors, like tax examiners, can work with individuals or organizations and are responsible for making recommendations or providing advice on financial investments, such as retirement planning, tax laws, insurance and more. Sometimes referred to as financial planners, these professionals can support a wide range of topics or specialize in areas like insurance and risk management, investment, and estate planning.
According to BLS, a bachelor’s degree is typically required, and certain professional certifications or a master’s degree can enhance a financial advisor’s reputation and ability to become a manager. As of May 2021, financial advisors earned between $47,570 and $208,000, according to BLS. Employment is projected to grow by 15% from 2021-2031, or an estimated 30,500 open roles each year.
Financial planners provide advice for individuals. Unlike personal financial advisors, they also often work with businesses, corporations and organizations. In addition to capital management, you can offer insights about other investments, taxes, budgeting, insurance coverage and savings.
Business students can earn a certificate in financial planning to specialize in this area. The BLS does not make a distinction between personal financial advisors and planners, so the estimated salary range was $47,570 to $208,000 in May 2021.
Develop skills to prepare to pursue a finance career with a degree or certificate in accounting or financial planning from UOPX. UOPX’s degree programs and certificate offerings are rigorous but have flexibility as an online program.
Learn more about our financial planning and accounting offerings. Students can earn a stand-alone degree or a certificate or combine a certificate with a business degree, like a Bachelor of Science in Business or an MBA. UOPX programs include:
To learn more about the finance program or our educational offerings, how to save money on your education and how UOPX helps make college fit your busy life, visit the University of Phoenix website.