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Career and Education Opportunities for Auditors in Cambridge, Massachusetts

There is a wide variety of career and education opportunities for auditors in the Cambridge, Massachusetts area. There are currently 35,460 jobs for auditors in Massachusetts and this is projected to grow 12% to 39,790 jobs by 2016. This is not quite as good as the nation as a whole, where employment opportunities for auditors are expected to grow by about 21.6%. In general, auditors examine and analyze accounting records to determine financial status of establishment and prepare financial reports concerning operating procedures.

A person working as an auditor can expect to earn about $30 per hour or $64,220 yearly on average in Massachusetts and about $28 hourly or $59,430 per year on average in the U.S. as a whole. Incomes for auditors are not quite as good as in the overall category of Accounting and Auditing in Massachusetts, and better than the overall Accounting and Auditing category nationally. Jobs in this field include: assurance senior, asset analyst, and internal auditor.

There are thirty schools within twenty-five miles of Cambridge where you can study to be an auditor, among 149 schools of higher education total in the Cambridge area. Auditors usually hold a Bachelor's degree, so it will take about four years to learn to be an auditor if you already have a high school diploma.

CAREER DESCRIPTION: Auditor

Auditor video from the State of New Jersey Dept. of Labor and Workforce Development

In general, auditors examine and analyze accounting records to determine financial status of establishment and prepare financial reports concerning operating procedures.

Auditors collect and analyze data to uncover deficient controls or non-compliance with laws and management policies. They also inspect cash on hand, accounts receivable and payable and canceled checks to confirm records are accurate. Equally important, auditors have to talk with company officials about financial and regulatory matters. They are often called upon to examine and evaluate financial and data systems, recommending controls to insure system reliability and data integrity. They are expected to examine records and interview staff to insure recording of transactions and adherence to laws and regulations. Finally, auditors examine inventory to confirm journal and ledger entries.

Every day, auditors are expected to be able to articulate ideas and problems. They need to think through problems and come up with general rules. It is also important that they listen to and understand others in meetings.

It is important for auditors to conduct pre-implementation audits to establish if systems and programs under development will work as planned. They are often called upon to audit payroll and personnel records to establish unemployment insurance premiums, staff' compensation coverage and adherence to tax laws. They also evaluate taxpayer finances to establish tax liability, using knowledge of interest and discount rates, annuities, valuation of stocks and bonds, and amortization valuation of depletable assets. They are sometimes expected to examine records and related documents pertaining to settlement of decedent's estate. Somewhat less frequently, auditors are also expected to inspect taxpayer accounts, and conduct audits on-site or by summoning taxpayer to office.

Auditors sometimes are asked to report to management about asset utilization and audit results, and recommend changes in operations and financial efforts. and supervise auditing of establishments, and decide on scope of investigations required. And finally, they sometimes have to direct efforts of personnel working on filing, recording, compiling and transmitting financial records.

Like many other jobs, auditors must have exceptional integrity and be thorough and dependable.

Similar jobs with educational opportunities in Cambridge include:

  • Accountant. Analyze financial information and prepare financial reports to determine or maintain records of assets, liabilities, profit and loss, tax liability, or other financial activities within an organization.
  • Assessor. Appraise real and personal property to determine its fair value. May assess taxes in accordance with prescribed schedules.
  • Budget Analyst. Examine budget estimates for completeness, accuracy, and conformance with procedures and regulations. Analyze budgeting and accounting reports for the purpose of maintaining expenditure controls.
  • Credit Analyst. Analyze current credit data and financial statements of individuals or firms to determine the degree of risk involved in extending credit or lending money. Prepare reports with this credit information for use in decision-making.
  • Financial Analyst. Conduct quantitative analyses of information affecting investment programs of public or private institutions.
  • Financial Examiner. Enforce or ensure compliance with laws and regulations governing financial and securities institutions and financial and real estate transactions. May examine, verify correctness of, or establish authenticity of records.
  • Income Tax Advisor. Prepare tax returns for individuals or small businesses but do not have the background or responsibilities of an accredited or certified public accountant.
  • Insurance Underwriter. Review individual applications for insurance to evaluate degree of risk involved and determine acceptance of applications.
  • Loan Counselor. Provide guidance to prospective loan applicants who have problems qualifying for traditional loans. Guidance may include determining the best type of loan and explaining loan requirements or restrictions.
  • Loan Officer. Evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and methods of payments. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, and loan underwriters.
  • Personal Financial Planner. Advise clients on financial plans utilizing knowledge of tax and investment strategies, securities, and real estate. Duties include assessing clients' assets, liabilities, and financial objectives to establish investment strategies.
  • Real Estate Appraiser. Appraise real property to determine its value for purchase, sales, or loan purposes.
  • Tax Examiner. Determine tax liability or collect taxes from individuals or business firms according to prescribed laws and regulations.

EDUCATIONAL OPPORTUNITIES: Auditor Training

Bentley University - Waltham, MA

Bentley University, 175 Forest St, Waltham, MA 02452-4705. Bentley University is a medium sized university located in Waltham, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs. It has 5,675 students and an admission rate of 38%. Bentley University has bachelor's degree, postbaccalaureate certificate, master's degree, and post-master's certificate programs in Accounting which graduated 138, eight, 108, and one students respectively in 2008.

Gibbs College-Boston - Boston, MA

Gibbs College-Boston, 126 Newbury Street, Boston, MA 02116. Gibbs College-Boston is a small college located in Boston, Massachusetts. It is a private for-profit school with primarily 2-year programs and has 264 students. Gibbs College-Boston has an associate's degree program in Accounting.

Eastern Nazarene College - Quincy, MA

Eastern Nazarene College, 23 E Elm Ave, Quincy, MA 02170-2999. Eastern Nazarene College is a small college located in Quincy, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs. It has 993 students and an admission rate of 61%. Eastern Nazarene College has a bachelor's degree program in Accounting and Finance which graduated two students in 2008.

Stonehill College - Easton, MA

Stonehill College, 320 Washington Street, Easton, MA 02357-6110. Stonehill College is a small college located in Easton, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,426 students and an admission rate of 45%. Stonehill College has one to two year, bachelor's degree, and master's degree programs in Accounting which graduated two, zero, and seven students respectively in 2008.

Quinsigamond Community College - Worcester, MA

Quinsigamond Community College, 670 West Boylston Street, Worcester, MA 01606-2092. Quinsigamond Community College is a medium sized college located in Worcester, Massachusetts. It is a public school with primarily 2-year programs and has 7,227 students. Quinsigamond Community College has a one to two year program in Accounting which graduated one student in 2008.

Bay State College - Boston, MA

Bay State College, 122 Commonwealth Avenue, Boston, MA 02116. Bay State College is a small college located in Boston, Massachusetts. It is a private for-profit school with primarily 4-year or above programs. It has 732 students and an admission rate of 78%. Bay State College has an associate's degree program in Accounting.

Massasoit Community College - Brockton, MA

Massasoit Community College, One Massasoit Boulevard, Brockton, MA 02302-3996. Massasoit Community College is a medium sized college located in Brockton, Massachusetts. It is a public school with primarily 2-year programs and has 7,394 students. Massasoit Community College has 2 areas of study related to Auditor. They are:

  • Accounting and Computer Science, less than one year.
  • Accounting, associate's degree which graduated 16 students in 2008.

Fisher College - Boston, MA

Fisher College, 118 Beacon St, Boston, MA 02116. Fisher College is a small college located in Boston, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,262 students and an admission rate of 62%. Fisher College has an associate's degree program in Accounting which graduated eleven students in 2008.

Gordon College - Wenham, MA

Gordon College, 255 Grapevine Rd, Wenham, MA 01984. Gordon College is a small college located in Wenham, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,700 students and an admission rate of 71%. Gordon College has a bachelor's degree program in Accounting which graduated eight students in 2008.

Salem State College - Salem, MA

Salem State College, 352 Lafayette St, Salem, MA 01970. Salem State College is a large college located in Salem, Massachusetts. It is a public school with primarily 4-year or above programs. It has 10,168 students and an admission rate of 58%. Salem State College has 2 areas of study related to Auditor. They are:

  • Accounting, less than one year and bachelor's degree which graduated zero and forty-five students respectively in 2008.
  • Accounting and Finance, bachelor's degree which graduated 10 students in 2008.

Salter College-West Boylston - West Boylston, MA

Salter College-West Boylston, 184 West Boylston Suite # 1, West Boylston, MA 01583. Salter College-West Boylston is a small college located in West Boylston, Massachusetts. It is a private for-profit school with primarily 2-year programs and has 852 students. Salter College-West Boylston has a one to two year and an associate's degree program in Accounting which graduated eighteen and four students respectively in 2008.

Fitchburg State College - Fitchburg, MA

Fitchburg State College, 160 Pearl St, Fitchburg, MA 01420-2697. Fitchburg State College is a medium sized college located in Fitchburg, Massachusetts. It is a public school with primarily 4-year or above programs. It has 6,400 students and an admission rate of 66%. Fitchburg State College has a master's degree program in Accounting which graduated two students in 2008.

Northeastern University - Boston, MA

Northeastern University, 360 Huntington Ave, Boston, MA 02115-5000. Northeastern University is a large university located in Boston, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs. It has 25,368 students and an admission rate of 35%. Northeastern University has associate's degree, two to four year, bachelor's degree, and master's degree programs in Accounting which graduated five, two, zero, and 112 students respectively in 2008.

Merrimack College - North Andover, MA

Merrimack College, 315 Turnpike St, North Andover, MA 01845. Merrimack College is a small college located in North Andover, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,154 students and an admission rate of 79%. Merrimack College has a bachelor's degree program in Accounting which graduated one student in 2008.

Suffolk University - Boston, MA

Suffolk University, 8 Ashburton Pl Beacon Hill, Boston, MA 02108-2770. Suffolk University is a medium sized university located in Boston, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs. It has 7,783 students and an admission rate of 82%. Suffolk University has bachelor's degree, postbaccalaureate certificate, and master's degree programs in Accounting which graduated four, five, and zero students respectively in 2008.

Lasell College - Newton, MA

Lasell College, 1844 Commonwealth Ave, Newton, MA 02466-2716. Lasell College is a small college located in Newton, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,484 students and an admission rate of 61%. Lasell College has a bachelor's degree program in Accounting which graduated ten students in 2008.

Northern Essex Community College - Haverhill, MA

Northern Essex Community College, 100 Elliott Street, Haverhill, MA 01830-2399. Northern Essex Community College is a medium sized college located in Haverhill, Massachusetts. It is a public school with primarily 2-year programs and has 7,020 students. Northern Essex Community College has an associate's degree program in Accounting which graduated twenty-one students in 2008.

Assumption College - Worcester, MA

Assumption College, 500 Salisbury St, Worcester, MA 01609-1296. Assumption College is a small college located in Worcester, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,888 students and an admission rate of 71%. Assumption College has less than one year, associate's degree, and bachelor's degree programs in Accounting which graduated four, zero, and two students respectively in 2008.

Newbury College-Brookline - Brookline, MA

Newbury College-Brookline, 129 Fisher Ave, Brookline, MA 02445. Newbury College-Brookline is a small college located in Brookline, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs and has 1,042 students. Newbury College-Brookline has less than one year, associate's degree, and bachelor's degree programs in Accounting which graduated zero, zero, and sixteen students respectively in 2008.

Atlantic Union College - South Lancaster, MA

Atlantic Union College, 338 Main St, South Lancaster, MA 01561-1000. Atlantic Union College is a small college located in South Lancaster, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs and has 384 students. Atlantic Union College has an associate's degree and a bachelor's degree program in Accounting which graduated zero and one students respectively in 2008.

Nichols College - Dudley, MA

Nichols College, Center Rd, Dudley, MA 01571-5000. Nichols College is a small college located in Dudley, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,520 students and an admission rate of 65%. Nichols College has a bachelor's degree program in Accounting which graduated one student in 2008.

Nashua Community College - Nashua, NH

Nashua Community College, 505 Amherst St, Nashua, NH 03063-1026. Nashua Community College is a small college located in Nashua, New Hampshire. It is a public school with primarily 2-year programs and has 1,925 students. Nashua Community College has a less than one year and an associate's degree program in Accounting which graduated two and twelve students respectively in 2008.

Babson College - Wellesley, MA

Babson College, Babson Park, Wellesley, MA 02457-0310. Babson College is a small college located in Wellesley, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs. It has 3,437 students and an admission rate of 35%. Babson College has a master's degree program in Accounting which graduated twenty students in 2008.

Quincy College - Quincy, MA

Quincy College, 24 Saville Ave, Quincy, MA 02169. Quincy College is a small college located in Quincy, Massachusetts. It is a public school with primarily 2-year programs and has 4,080 students. Quincy College has an associate's degree program in Accounting which graduated eighteen students in 2008.

Boston College - Chestnut Hill, MA

Boston College, 140 Commonwealth Ave, Chestnut Hill, MA 02467. Boston College is a large college located in Chestnut Hill, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs. It has 14,623 students and an admission rate of 26%. Boston College has a bachelor's degree and a master's degree program in Accounting which graduated fifty-six and seventy-six students respectively in 2008.

University of Massachusetts-Boston - Boston, MA

University of Massachusetts-Boston, 100 Morrissey Blvd, Boston, MA 02125-3393. University of Massachusetts-Boston is a large university located in Boston, Massachusetts. It is a public school with primarily 4-year or above programs. It has 14,117 students and an admission rate of 63%. University of Massachusetts-Boston has a master's degree program in Accounting which graduated thirty-four students in 2008.

Becker College - Worcester, MA

Becker College, 61 Sever St, Worcester, MA 01609-2165. Becker College is a small college located in Worcester, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,752 students and an admission rate of 76%. Becker College has an associate's degree and a bachelor's degree program in Accounting and Finance which graduated one and one students respectively in 2008.

Massachusetts Bay Community College - Wellesley Hills, MA

Massachusetts Bay Community College, 50 Oakland St, Wellesley Hills, MA 02481-5399. Massachusetts Bay Community College is a medium sized college located in Wellesley Hills, Massachusetts. It is a public school with primarily 2-year programs and has 4,975 students. Massachusetts Bay Community College has an associate's degree program in Accounting which graduated nine students in 2008.

Bunker Hill Community College - Boston, MA

Bunker Hill Community College, 250 New Rutherford Ave, Boston, MA 02129-2925. Bunker Hill Community College is a medium sized college located in Boston, Massachusetts. It is a public school with primarily 2-year programs and has 9,500 students. Bunker Hill Community College has a less than one year and an associate's degree program in Accounting which graduated one and twenty-seven students respectively in 2008.

Boston University - Boston, MA

Boston University, One Silber Way, Boston, MA 02215. Boston University is a large university located in Boston, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs. It has 31,669 students and an admission rate of 59%. Boston University has a bachelor's degree program in Accounting.

CERTIFICATIONS

Accredited Business Accountant/Accredited Business Advisor: This credential is for practitioners who specialize in the needs of small-to-mid-size businesses and in financial services to individuals and families.

For more information, see the Accreditation Council for Accountancy and Taxation website.

Accredited Tax Advisor: This credential is for practitioners who handle sophisticated tax planning issues, including ownership of closely held businesses, qualified retirement plans and complex estates.

For more information, see the Accreditation Council for Accountancy and Taxation website.

Certified Forensic Accountant: Forensic accountants are professionals who use a unique blend of education and experience to apply accounting, auditing, and investigative skills to uncover truth, form legal opinions, and assist in investigations.

For more information, see the American College of Forensic Examiners website.

Associate in Risk Management: The Insurance Institute of America's newly revised Associate in Risk Management (ARM) designation program will teach your employees the practical, relevant skills they need to help manage risk at all levels of your company.

For more information, see the American Institute for CPCU and Insurance Institute of America website.

Associate in Premium Auditing: The Associate in Premium Auditing program provides a sold foundation in essential auditing, accounting, and insurance principles.

For more information, see the American Institute for CPCU and Insurance Institute of America website.

Associate in Risk Management for Public Entities: The Insurance Institute of America's newly revised Associate in Risk Management (ARM) designation program will teach your employees the practical, relevant skills they need to help manage risk at all levels of your company.

For more information, see the American Institute for CPCU and Insurance Institute of America website.

Personal Financial Specialist: CPAs who specialize in personal financial planning can earn a specialist's designation, the Personal Financial Specialist (PFS).

For more information, see the American Institute of Certified Public Accountants website.

Certified Public Accountant: Certified Public Accountant candidates must pass a national exam certifiying that they are eligible to be licensed in the state(s) of their choosing.

For more information, see the American Institute of Certified Public Accountants website.

Biomedical Auditor Certification: The Certified Biomedical Auditor is a professional who understands the principles of standards, regulations, directives and guidance for auditing a biomedical system while using various tools and techniques to examine, question, evaluate and report on that system's adequacy and deficiencies.

For more information, see the American Society for Quality website.

Certified Treasury Professional Associate: We recognize the accomplishments of these full-time students who successfully completed the Corporate Treasury Management program at their college/university and passed the CTP exam to earn the Certified Treasury Professional Associate credential.

For more information, see the Association for Financial Professionals website.

Certified Fraud Examiner: The ACFE established and administers the Certified Fraud Examiner (CFE) designation.

For more information, see the Association of Certified Fraud Examiners website.

Certified Energy Auditor: The Certified Energy Auditor (CEA) certification identifies professionals as having the required knowledge and experience needed to succeed in the growing field of energy auditing.

For more information, see the Association of Energy Engineers website.

Certification in Distressed Business Valuation: The Certification in Distressed Business Valuation (CDBV) is a unique valuation certification program designed to train and accredit professionals who value distressed assets, including distressed and/or bankrupt companies.

For more information, see the Association of Insolvency and Restructuring Advisors website.

Certified Bank Auditor: The purpose of BAI Center for Certification - Certified Bank Auditor® (CBA) Continuing Professional Education (CPE) Program is to promote professional development and to provide a means for recognizing CBAs to keep current with industry changes or furthering their own development in banking, technology, auditing, or other disciplines that contribute to a CBA?s growth and development.

For more information, see the BAI Center for Certification website.

International Certificate in Banking Risk and Regulation: The role of risk management is becoming more important as both banks and supervisors around the world increasingly recognize that sound risk management practices are vital, not only for the success of individual banks, but also for the banking system as a whole.

For more information, see the Global Association of Risk Professionals website.

Stay Sharp Program - Defeating Rogue Access Points: Security professionals who are concerned about the weaknesses of wireless networks.

For more information, see the Global Information Assurance Certification website.

Certified Internal Auditor: The Certified Internal Auditor (CIA) designation is the only globally accepted certification for internal auditors and remains the standard by which individuals demonstrate their competency and professionalism in the internal auditing field.

For more information, see the Institute of Internal Auditors website.

Accredited Insurance Examiner: An Accredited Insurance Examiner (AIE) is awarded to insurance regulatory professionals who have been extensively trained in one of two primary fields of insurance regulation, Property and Casualty or Life and Health.

For more information, see the Insurance Regulatory Examiners Society website.

Bookkeeper NRB: Bookkeeping, accounting, and auditing clerks may apply for our examination with qualified experience or education.

For more information, see the National Center for Competency Testing website.

Certified Valuation Analyst: The primary goal of CVA certification is to provide you with information that will serve as a solid foundation for your professional valuation endeavors, whether or not you plan to pursue a designation.

For more information, see the The National Association of Certified Valuation Analysts website.

LOCATION INFORMATION: Cambridge, Massachusetts

Cambridge, Massachusetts
Cambridge, Massachusetts photo by Scs

Cambridge is located in Middlesex County, Massachusetts. It has a population of over 105,596, which has grown by 4.2% in the past ten years. The cost of living index in Cambridge, 142, is far greater than the national average. New single-family homes in Cambridge are priced at $1,078,700 on average, which is far greater than the state average. In 2008, twelve new homes were constructed in Cambridge, down from twenty-five the previous year.

The top three industries for women in Cambridge are educational services, professional, scientific, and technical services, and health care. For men, it is educational services, professional, scientific, and technical services, and health care. The average travel time to work is about 24 minutes. More than 65.1% of Cambridge residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 38.5%, is higher than the state average.

The unemployment rate in Cambridge is 5.6%, which is less than Massachusetts's average of 8.4%.

The percentage of Cambridge residents that are affiliated with a religious congregation, 73.6%, is more than both the national and state average. Western Avenue Baptist Church, Massachusetts Institute of Technology Chapel and Cambridgeport Baptist Church are some of the churches located in Cambridge. The largest religious groups are the Catholic Church, the United Church of Christ and the Episcopal Church.

Cambridge is home to the Great Court and the Cutter Square as well as John A Ahern Field and Sheridan Square. Shopping malls in the area include Porter Square Shopping Center, The Atrium Shopping Center and Cambridgeside Galleria Shopping Center.