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Career and Education Opportunities for Comptrollers in Cambridge, Massachusetts

For those living in the Cambridge, Massachusetts area, there are many career and education opportunities for comptrollers. There are currently 19,810 jobs for comptrollers in Massachusetts and this is projected to grow 6% to 20,980 jobs by 2016. This is not quite as good as the nation as a whole, where employment opportunities for comptrollers are expected to grow by about 7.7%. In general, comptrollers direct financial activities, such as planning, procurement, and investments for all or part of an organization.

The income of a comptroller is about $49 per hour or $102,810 annually on average in Massachusetts. In the U.S. as a whole, their income is about $47 per hour or $99,330 annually on average. Incomes for comptrollers are better than in the overall category of Financial in Massachusetts, and better than the overall Financial category nationally. People working as comptrollers can fill a number of jobs, such as: chief school finance officer, business manager, and chief financial officer .

There are eighteen schools within twenty-five miles of Cambridge where you can study to be a comptroller, among 149 schools of higher education total in the Cambridge area. Comptrollers usually hold a Master's degree, so you can expect to spend about six years studying to be a comptroller if you already have a high school diploma, or just 2 years if you have a Bachelor's degree.

CAREER DESCRIPTION: Comptroller

In general, comptrollers direct financial activities, such as planning, procurement, and investments for all or part of an organization.

Comptrollers maintain current knowledge of organizational policies and procedures, federal and state policies and directives, and current accounting standards. They also ready or direct preparation of financial statements, business activity reports, financial position forecasts or reports required by regulatory agencies. Equally important, comptrollers have to design internal control policies and processes for efforts such as budget administration, cash and credit management, and accounting. They are often called upon to advise management on short-term and long-term financial objectives and actions. They are expected to receive and authorize requests for disbursements in accordance with company policies and procedures. Finally, comptrollers analyze the financial specifics of past and expected operations to pinpoint development opportunities and areas where improvement is needed.

Every day, comptrollers are expected to be able to evaluate problems as they arise. They need to articulate ideas and problems. It is also important that they read and understand documents and reports.

It is important for comptrollers to monitor and evaluate the performance of accounting and other financial staff, recommending and implementing personnel actions. They are often called upon to evaluate needs for procurement of funds and investment of surpluses and make appropriate recommendations. They also decide on depreciation rates to apply to capitalized items and advise management on actions regarding the purchase or disposal of such items. They are sometimes expected to ready and file annual tax returns or ready financial data so that outside accountants can complete tax returns. Somewhat less frequently, comptrollers are also expected to supervise employees performing financial reporting and budgeting duties.

Comptrollers sometimes are asked to perform tax planning work. And finally, they sometimes have to decide on depreciation rates to apply to capitalized items and advise management on actions regarding the purchase or disposal of such items.

Like many other jobs, comptrollers must have exceptional integrity and believe in cooperation and coordination.

Similar jobs with educational opportunities in Cambridge include:

  • Administrator. Plan, direct, or coordinate supportive services of an organization, such as recordkeeping, mail distribution, telephone operator/receptionist, and other office support services. May oversee facilities planning and maintenance and custodial operations.
  • Banking Manager. Direct and coordinate financial activities of workers in a branch, office, or department of an establishment, such as branch bank, brokerage firm, risk and insurance department, or credit department.
  • Chief Executive Officer. Determine and formulate policies and provide the overall direction of companies or private and public sector organizations within the guidelines set up by a board of directors or similar governing body. Plan, direct, or coordinate operational activities at the highest level of management with the help of subordinate executives and staff managers.

EDUCATIONAL OPPORTUNITIES: Comptroller Training

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.

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 Finance which graduated twenty-eight students in 2008.

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 3 areas of study related to Comptroller. They are:

  • Finance, bachelor's degree, postbaccalaureate certificate, and master's degree which graduated 203, zero, and ninety students respectively in 2008.
  • International Finance, master's degree.
  • Finance and Financial Management Services, Other Specialties, master's degree.

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, master's degree, and post-master's certificate programs in Finance which graduated thirteen, zero, zero, and zero students respectively in 2008.

Simmons College - Boston, MA

Simmons College, 300 The Fenway, Boston, MA 02115-5898. Simmons 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 4,933 students and an admission rate of 55%. Simmons College has 2 areas of study related to Comptroller. They are:

  • Finance, bachelor's degree.
  • Finance and Financial Management Services, Other Specialties, bachelor's degree.

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 Finance which graduated eight students 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 Finance which graduated one student in 2008.

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 a bachelor's degree program in Finance.

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 Finance which graduated two 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 Comptroller. They are:

  • Accounting and Finance, bachelor's degree which graduated 10 students in 2008.
  • Finance, bachelor's degree which graduated 27 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 a bachelor's degree program in Finance which graduated one student 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 an associate's degree and a bachelor's degree program in Finance which graduated zero and three students respectively in 2008.

Clark University - Worcester, MA

Clark University, 950 Main St, Worcester, MA 01610-1477. Clark University is a small university located in Worcester, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs. It has 3,330 students and an admission rate of 56%. Clark University has a master's degree program in Finance which graduated thirty-nine students in 2008.

Brandeis University - Waltham, MA

Brandeis University, 415 South St, Waltham, MA 02454-9110. Brandeis 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 5,347 students and an admission rate of 34%. Brandeis University has 2 areas of study related to Comptroller. They are:

  • Finance, master's degree which graduated 22 students in 2008.
  • International Finance, master's degree which graduated 16 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 an associate's degree program in Finance which graduated nine 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 bachelor's degree, master's degree, and doctor's degree programs in Finance which graduated sixty-two, seventy-two, and five students respectively 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 2 areas of study related to Comptroller. They are:

  • Finance, associate's degree, bachelor's degree, and master's degree which graduated three, zero, and twenty students respectively in 2008.
  • Finance and Financial Management Services, Other Specialties, post-master's certificate.

CERTIFICATIONS

Chartered Property Casualty Underwriter: More than 65,000 people have earned the CPCU professional designation.

For more information, see the American Institute for CPCU and Insurance Institute of America 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 Insurance Services: The Associate in Insurance Services program is a nationally recognized educational program designed specifically for insurance personnel.

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.

Risk Management for Public Entities: Understand the unique nature of the public sector.

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

Manager of Quality/Organizational Excellence: The Certified Manager of Quality/Organizational Excellence is a professional who leads and champions process-improvement initiatives’ everywhere from small businesses to multinational corporations’ that can have regional or global focus in a variety of service and industrial settings.

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.

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.

CIAC-Certified Strategic Leader: The Strategic Leader designation is applicable to executives who are responsible for the leadership and strategic management of a contact center.

For more information, see the Call Center Industry Advisory Council website.

Certified Financial Planner: The CFP certification process, administered by CFP Board, identifies to the public that those individuals in the U.

For more information, see the Certified Financial Planner Board of Standards, Inc. website.

Business and Employer Services - Professional Certification: Professional certification exam for Business and Employer Services in workforce development.

For more information, see the Dynamic Works Institute 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.

Certified Lender Business Banker: Applicable to financial services professionals whose primary function and expertise focuses on the provision of credit and financial transaction services to businesses and/or corporations.

For more information, see the Institute of Certified Bankers website.

Certified Personal Banker: Applicable to financial services professionals who have completed the AIB Personal Banking Diploma and who function as personal bankers.

For more information, see the Institute of Certified Bankers website.

Certified Funds Specialist: The CFS 60-hour program provides the practitioner with everything needed to select the right fund for any given situation.

For more information, see the Institute of Certified Fund Specialists website.

Certified Manager: Certified Manager certification is valued for the credibility and recognition it brings to managers and the organizations for which they work.

For more information, see the Institute of Certified Professional Managers website.

Certified Investment Management Analyst: The CIMA offers an intense educational experience focusing on asset allocation, manager search and selection, investment policy and performance measurement.

For more information, see the Investment Management Consultants Association website.

Certified Mortgage Banker: The Certified Mortgage Banker (CMB) designation is the industry standard of professional success.

For more information, see the Mortgage Bankers Association of America website.

Program Management Professional: Project Management Institute's newest credential is specifically developed to acknowledge the qualifications of the professional who leads the coordinated management of multiple projects and ensures the ultimate success of a program.

For more information, see the Project Management Institute website.

Certified Securities Processing Specialist: The SOI Certifications are awarded in Securities Operations and one or more concentration areas.

For more information, see the Securities Operations Forum website.

Accredited Valuation Analyst: The primary goal of AVA 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.

Certified Financial Forensic Analyst: The Certified Forensic Financial Analyst (CFFA) credential is designed to provide assurance to the legal community-the primary users of litigation support services-the designee possesses a level of experience and knowledge deemed acceptable by the Association to provide competent and professional forensic financial support services.

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.