Vermont's economy is on the mend. With the unemployment rate at 3.0 percent as of March 2017, according to the US Bureau of Labor Statistics, the state is doing substantially better than the nationwide average.
According to the Vermont Agency of Commerce and Community Development, Vermont's economy is small, but diverse and full of innovation. The state ranks number 1 for green job creation. Although no Fortune 500 companies are headquartered in the state, IBM has a major presence. Other prominent employers include National Life, Green Mountain Coffee, Fletcher Allen Healthcare, Orvis and Ben & Jerry's. In addition to corporate opportunities for accountants, are jobs at traditional firms; 'Big Four' firms KPMG and Price Waterhouse Cooper are joined by local firms like Gallagher, Flynn & Company and Porte Brown.
A 2014 bulletin from the State of Vermont Department of Labor ranks the profession of accounting as the 12th largest occupation by number of annual openings. The Department expects the number of jobs to increase by 0.8 percent a year between 2014 and 2024, generating an average of 116 openings each year during this period. Accountants can expect to earn a good income, according to the same report. The median income among CPAs in Vermont is $65,410 as of May 2016, according to the US Bureau of Labor Statistics. The Bureau reports that entry-level accountants in Burlington in the bottom 10 percent earn an average of $43,530, while experienced accountants in the top ten percent averaged $112,100.
The Vermont Board of Public Accountancy administers the Uniform Certified Public Accountant (CPA) examination. To be eligible to take this test, you need to have completed at least 120 semesters hours, 36 of which must be in accounting and business. To be licensed, you'll first need to earn your bachelor's degree, including 42 semester hours in accounting and business, take an ethics course and obtain work experience under the supervision of a licensed CPA.
Vermont requires continuing education to keep your certified management accountant (CMA) and CPA license current. The Vermont Society of CPAs (http://www.vtcpa.org/) offers courses to fulfill that requirement, along with advocacy programs and networking events. CMAs enjoy similar benefits through the Northeast Regional Council (http://nerc.imanet.org/) of the Institute for Management Accountants, which includes chapters in Vermont.