You need a high school diploma or GED to qualify to earn this type of associate's degree. To make it easier for students to go back for their bachelor's degree in the future, most associate's degree programs in accounting have transferable credits. Though most community colleges offer this degree, online associate's degrees in accounting are becoming a popular alternative.
You learn basic accounting skills, along with statistics and management skills. You will also have your choice of elective classes you can use to broaden your skills. This degree is specifically designed to prepare you for your career; students usually intend to begin working as soon as possible.
You will probably be unable to get a job with large companies with this degree. Your career opportunities will most likely be limited to small companies. These companies will hire you to perform basic tasks like payroll, bank reconciliations and accounts receivable. The longer you work with one particular company, the more you can advance your career; however, many corporations limit how far you can advance based on your education level. Without a bachelor's degree, you may be limited in your career.
The average initial earnings of someone with an associate's degree in accounting are about $33,000 a year. This increases progressively as you advance in your career. The longer you work in your chosen accounting field, the higher your salary will increase. With 20 years experience, you can possibly increase your salary by about $7,000 a year. Your qualifications, specializations, experience and the company you work for all factor into the quality of your salary. With enough experience, someone with an associate's degree in accounting can earn more than someone with a bachelor's degree.