By Susan Maphis, AccountingEdu contributing writer
Updated August 2015
Accounting and auditing are among the top occupations in New Hampshire, and are expected to show very favorable job growth between 2012 and 2022, as indicated by the New Hampshire Department of Labor. This was determined by ranking the professions that are expected to have the most job openings each year during the current ten-year period ending 2022. The Department of Labor projects that there will be some 193 job openings in accountancy each year during this period, which represents a total increase of 13.5 percent between 2012 and 2022.A bachelor’s degree at minimum with 150 semester hours of college credit, one year of supervised experience, and passing scores on all parts of the Uniform CPA exam are the standard requirements for a CPA license, which expands practice privileges to include auditing and attestation services. This also creates opportunities to work with some of the world’s biggest CPA firms, among which is U.S. based “Big Four” firm, Ernst & Young, which has offices in Manchester. Local and regional accounting firms throughout New Hampshire, such as Advisory Business Services, Inc in Amherst and Feeley & Driscoll in Nashua, employ CPAs who provide business consultation, estate planning, and tax services. Because a bachelor’s degree consists of just 120 semester hours of college credit, a master’s in accounting serves as the most common way to earn the 30 additional credit hours required for a CPA license in New Hampshire.
The U.S. Department of Labor’s Bureau of Labor Statistics (BLS) published information in May 2014 showing there to be 4,420 accountants and auditors working in New Hampshire, not including those considered to be self-employed.
As of 2014, accountants employed in the Lowell, Billerica, Chelmsford, MA-NH area earned an average annual salary of around $76,000. Those in the 90th percentile in this area earned around $112,000 annually. In the Nashua area, accountants earned a mean wage of $70,810 annually, while those earning within the top 90th percentile brought home $104,510 annually. In the Portsmouth, NH-ME area, accountants earned an average of $70,870 annually, while the top 10% earned $113,330. In Manchester the average accounting salary was $72,220 per year, with the top 10% bringing home $111,790. Accountants working in the Haverhill, North Andover, Amesbury, MA-NH area earned the highest average salary in the state at $81,490. Those in the 90th percentile here earned $130,270.