Jobs in Accounting Information Systems: Salary and Career Facts
Do you enjoy working with computer software? Do you have an interest in finance? A career in accounting information systems combines both! Read on to learn more about the salary and job outlook of the career. Schools offering Accounting Information Systems degrees can also be found in these popular choices.
What Types of Jobs Are Available In Accounting Information Systems?
This specialized career path combines elements of business management, auditing, information management and accounting. In such a position you could serve as a liaison between accountants and information technology specialists, be in charge of developing and maintaining a company-wide accounting information system (AIS), or advise companies on the effectiveness of the AIS system in use.
If you are interested in the career, you might have the choice of working in the financial department of any type of business, or of working with a financially-oriented company or a programming-oriented company that specializes in AIS. Some job titles in this field of work include financial manager, financial examiner and chief financial officer. You could also become a computer systems analyst, a computer information systems manager or a computer software engineer or programmer specializing in financial software.
If you are working with a financially-oriented company, your job duties could range from analyzing an AIS for data integrity to managing the entire AIS. In a programming-oriented company, your focus may be directed towards developing new software in AIS or fixing bugs in an AIS. In both cases, you may also have the option of consulting, which requires trevelling to different companies to provide analysis and advice concerning the company's AIS.
Which Certifications and Added Education Would Increase My Competitiveness In This Field?
While certifications or continuing education certificates may not be required to obtain a position in accounting information systems, they can be helpful to increase your competitiveness in the field. However, only certain certificates in the financial industry apply to AIS.
You may want to pick a certificate program or designation that applies to your specific field within AIS, such as auditing, upper management or otherwise. The following list includes some options:
- Accounting Information Systems (AIS) Certificate, which is simply added coursework to bachelor or master's degree in accounting
- Certified Information Systems Auditor (CISA) Certificate, which is offered through the Information Systems Audit and Control Association (ISACA)
- Certified Information Systems Security Professional (CISSP) Certificate, which is offered through International Information Systems Security Certification Consortium, Inc. (ISC2)
- Accredited Financial Examiner (AFE) Certificate, which is offered through the Society of Financial Examiners (SOFE)
- Certified Internal Auditor (CIA) Certificate, which is offered through the Institute of Internal Auditors (IIA)
- Certified Financial Examiner (CFE) Certificate, which is offered through the Association of Certified Fraud Examiners (ACFE)
- Certified Information Technology Professional (CITP) Certificate, which is offered through the American Institute of CPAs (AICPA)
What Is the Job Outlook For This Career?
The U.S. Bureau of Labor Statistics (BLS) reports nationwide job market growth between 2008 and 2018 to be anywhere from average to much faster than average (www.bls.gov). In general, the BLS shows that the more you orient your job around information technology, the higher the growth rate for your job nationwide.
The BLS predicts that the job growth of computer software engineers between 2008 and 2018 should be much faster than average, growing by 32% over the decade. However, the BLS mentions a decline in job growth for computer programmers.
On the other hand, the BLS expects financial managers to have an average growth rate between 2008 and 2018, increasing by only eight percent. However, job options for financial managers specializing in risk management, which often requires expertise in AIS, are expected to grow substantially, according to the BLS.
Lastly, the BLS reports that the amount of jobs available to financial examiners between 2008 and 2018 is expected to grow by over 41%, which makes it one of the fastest growing jobs nationwide. This may be due to the increasing complexity of financial transactions as well as a growing concern for transparency in businesses, like anti-fraud provisions.
What Salary Can I Expect to Make?
According to the BLS, financial managers held about 478,940 jobs in May 2010, and earned a median annual salary of $103,910. Those individuals working in financial investment firms, brokerage companies or information services organizations earned higher salaries than their contemporaries. Computer software engineers, on the other hand, earned a median annual salary of about $85,430 in May 2008. Software publishers and commercial equipment merchandisers were the top-paying industries for the profession in that year.
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