Accounting Career Outlook 2010-2011 Accounting Programs Available at Bemidji State University: Major: Accounting (B.S.) Fields of Emphasis: Accounting Information Systems Minors: Accounting and Fraud Examination Department Website: http://www.bemidjistate.edu/academics/departments/accounting Major Highlights: Accounting is an information system that represents the economic resources and responsibilities of business or nonbusiness enterprises. Monitored over time, it is used as a decision-making tool for the allocation of resources and evaluation of responsibilities. Accounting information impacts major economic decisions that have national and even global impact. The Accounting program teaches analytical, theoretical, communication, and leadership skills necessary for effective accounting and for advancement in public, private, government, and fraud examination careers. Upon graduation, accounting majors may write the Uniform Certified Public Accounting Examination, the Certified Internal Auditor Examination, the Certified Management Accountant Examination, and/or the Certified Fraud Examination. Certificates are issued upon attainment of a satisfactory score and completion of appropriate credits and the appropriate work experience. Employment Areas: The "Occupational Outlook Handbook" reports that accountants and auditors held about 1.2 million jobs in 2010. They worked in offices, although some work from home. About 24% of accountants and auditors worked for accounting, tax preparation, bookkeeping, and payroll services firms; another 8% worked for finance and insurance; 7% worked for state and local government, excluding education and hospitals; 6% worked for manufacturing; and another 6% worked for management of companies and enterprises. Projected Demand for Accounting Majors in Minnesota: MnCareers reports that the outlook for accountants is very good, with about 22,170 currently employed, and an average income of about $28.50 per hour. Projected Demand for Accounting Majors Nationwide: The DISCOVER guidance system reports that the nationwide demand for accountants and auditors is growing rapidly, with an average starting income of about $47,500 in 2010-2011, and an expected growth rate of 2.1% or higher per year. The "Occupational Outlook Handbook" reports that the accounting field is expected to grow as fast as average through the year 2020, with a median annual wage and salary earnings of $61,690 in May 2010. Placement Information for Accounting Graduates: There are many career opportunities for Bemidji State University accounting graduates. Of the Bemidji State University 2009-2010 accounting graduates, 100.0% reported obtaining related employment within one year of graduation. This does not include students who were not seeking employment, furthering their education, unavailable, or had unknown status. A Partial List of Employers Who Have Reported Hiring BSU Accounting Graduates Since 1997: (This list only includes employment within one year of graduation.) Ameripride Anakkala Berns & Co. Anderson Homes, Inc. Arctic Cat ARDC Accountant Staff Accountant Bookkeeper Financial Accountant Assistant Accountant Bemidji, MN Little Falls, MN Sebeka, MN Bemidji, MN Duluth, MN A Partial List of Employers Who Have Reported Hiring BSU Accounting Graduates Since 1997: (This list only includes employment within one year of graduation.) Brady, Martz & Associates Bruce Keller Accounting C B Richard Ellis Cargill, Inc. Cargill, Inc. Cargill, Inc. Cenex Churches United Ministry Combined Insurance Community Support Systems, Inc. Cooperative Solutions, Inc. Craig & Ross Chartered Accountants Deloitte & Touche Divine House Ecumen Edward Ryan, CPA Eide Bailly Elliott Accounting Ernst & Young Fairview Health Services FarmChek Services, Inc. Federated Insurance FM Printing Fond Du Lac Reservation Enterprises Glorvigen, Theis, Lind & Company Hugh Heinecke CPA Jelinek Metz McDonald Johanneson's, Inc. Johnson Tax & Financial Management Jostens Kandy B. Anderson, Ltd. Kern, DeWenter, Viere, Ltd. Kitchigami Regional Library KPMG Peat Marwick Krigbaum, Schnell & Jones, Ltd. Lake Country Power Larson, Allen, Weishair and Co. Leech Lake Band of Ojibwe Lindahl & Cage, Ltd. Lodge at Giants Ridge Lund, Koehler, Cox & Arkema McGladrey McGladrey & Pullen, LLP Menards Miller, McDonald Inc. Miller, McDonald, Erickson, & Moller LTD Mills Fleet Farm Minnesota Department of Revenue Minnesota Department of Transportation Minnesota Legislative Auditor Minnesota Office of Investment Management Minnesota State College & University Minnesota State Office of the Auditor MinnTex Investments CO, Inc. MN Office of the Legislative Auditor North Country Business Products Northeast Service Cooperative Ocel, Heimer & Associates, Ltd. Office of the State Auditor Paul Froletz Tax Services Accountant Accountant Associate Accountant Associate Accountant Accountant Accounting Specialist Accountant Accountant Sales Agent Billing/Accounting Staff Administrative Assistant Junior Accountant Consultant Accountant Staff Accountant Staff Accountant Accounting Associate Staff Accountant Staff Accountant Staff Accountant Accountant Associate Accountant Accountant Enterprise Accountant Bookkeeper Auditor Staff Accountant Accounts Payable Accountant Staff Accountant Staff Accountant Staff Accountant Bookkeeper Auditor Staff Accountant Accountant Staff Accountant Auditing Accountant Director of Accounting Staff Accountant Auditor Staff Auditor Accounting Department Accountant Staff Accountant Internal Auditor Revenue Tax Specialist Office Services Supervisor II Staff Auditor State Program Administrator Financial Reporter Local Government Auditor Accountant Staff Auditor Accounts Receivable Associate Payroll/Accounts Payable Specialist Staff Accountant Local Government Auditor Tax Accountant/Consultant Thief River Falls, MN Thief River Falls, MN Minneapolis, MN Edina, MN Minneapolis, MN Fargo, ND St. Paul, MN Duluth, MN Bemidji, MN Bemidji, MN Grand Rapids, MN Winnipeg, Manitoba Minneapolis, MN Willmar, MN Shoreview, MN Eden Prairie, MN Bloomington, MN Bemidji, MN Minneapolis, MN Minneapolis, MN Mcintosh, MN Owatonna, MN Minneapolis, MN Cloquet, MN Grand Rapids, MN Aitkin, MN Hopkins, MN Bemidji, MN Detroit Lakes, MN Bloomington, MN Bemidji, MN St. Cloud, MN Pine River, MN Denver, CO Bemidji, MN Virginia, MN Owatonna, MN Cass Lake, MN Bagley, MN Biwabik, MN Minnetonka, MN Minneapolis, MN Duluth, MN Eau Claire, WI Bemidji, MN Bemidji, MN Brainerd, MN St. Paul, MN Bemidji, MN St Paul, MN St. Paul, MN St. Paul, MN St. Paul, MN Bemidji, MN St. Paul, MN Bemidji, MN Mt. Iron, MN Minneapolis, MN Rochester, MN Hawley, MN A Partial List of Employers Who Have Reported Hiring BSU Accounting Graduates Since 1997: (This list only includes employment within one year of graduation.) Pricewaterhouse Coopers Ramsey County Randy Rozniak Ltd. Red Lake Band OF Chippewa Indians Reierson Construction, Inc. Sibley County Human Services Stampfli Associates, CPA State of Minnesota Stellher Human Services SuperValu Corporate Offices Time Warner Cable Uniprise United States Internal Revenue Service US Steel Virchow Krause & Co. Winthrop Resources Accountant Budget Analyst Accountant Grant & Contract Accountant Accountant Accounting Technician Staff Accountant State Auditor Administrative Assistant Staff Accountant Staff Accountant Billing Account Representative Federal Compliance Agent Staff Associate-Accounting Staff Accountant Accountant Minneapolis, MN St. Paul, MN International Falls, MN Red Lake, MN Bemidji, MN Gaylord, MN Bloomington, MN Duluth, MN Bemidji, MN Eden Prairie, MN Minneapolis, MN Duluth, MN Bovey, MN Keewatin, MN Bloomington, MN Hopkins, MN Note 1: Some of the above job/career titles require advanced degrees or specialized training. Note 2: Degrees alone do not get students jobs. Internships, summer jobs, volunteer work, part-time jobs, work-study positions, and active participation in student organizations on campus are all ways to become more competitive in a tight job market. Note 3: Personal Competencies: it is also recommended that individuals be competent in a variety of communication methods, and computer skills are a must. Bibliography: Annual Graduate Follow-Up Study 1997-2010. Bemidji State University, Bemidji, MN (2011) Bemidji State University Undergraduate Catalog 2011-2012. Bemidji State University, Bemidji, MN (2011) DISCOVER. The American Testing Program, Educational Technology Center, Hunt Valley, MD (2011) MnCareers/iSeek. Research and Statistics Office, MN Dept. of Economic Security, St. Paul, MN (2011) Occupational Outlook Handbook. U.S. Dept. of Labor, JIST Publishing Inc., Indianapolis, IN (2010) For more information, please contact the Career Services Office in 102 Sanford Hall or call us at 218-755-2038 or toll free at 800-657-3726.