Accounting Schools in Maine
Maine has many accredited colleges scattered throughout the state that offer certifications or degrees in accounting. Beyond the normal general requirements a person majoring in accounting would need to take are courses in:
- human resources
Graduates or certificate earners can expect to find a position within a public, private or government sector.
Thirty credit hours beyond a Bachelor’s degree are required for the certification to become a CPA.
The Bureau of Labor Statistics reports a 16% increase for job growth in the broad category of “Accountants and Auditors” is expected between 2010 and 2020. Stricter financial regulations and growth of companies are anticipated factors contributing to the expected growth. Most accountants and auditors work a normal 40-hour week; however, certain times of the year may require longer hours. Maine’s annual mean salary for the broad accounting category is listed at $60,860. Example categories that are detailed below have various annual mean salaries in Maine. Respectively, those example category salaries are: Economist- $71,700; Insurance Underwriter- $69,070; and Loan Officer- $56,790.
Details of the responsibilities for these three accounting job titles are outlined below:
- Economist- Economists study the supply and demand of a company’s goods and/or services. They analyze the trends of production and consumer wants and needs. They may look at historical trends to avoid prior pitfalls and to predict future economic trends. They will also assist in setting profit margins for the financial health of a company.
- Insurance Underwriters- One fundamental requirement of an insurance underwriter is to make the decision whether or not a person applying for insurance should be approved. Depending on the information supplied on a person’s application is verifiable, a decision for approval is made or if a conditional approval is issued. A conditional approval is made if certain terms (conditions) are met by the applicants.
- Loan Officers- Loan officers assist people applying for a loan to pay for a car, house, or other usually big-ticket item. They evaluate a person’s credit worthiness and available assets to determine the qualifications of and the likelihood the person will repay the loan per the terms of the loan agreement. Banks and commercial lending institutions are major employers of loan officers.