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Accountant

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AVG. SALARY

$81,740

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EDUCATION

Bachelor's degree

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JOB OUTLOOK

Stable

Military Options

Get paid to get a career. That's what the military can offer you. Take a moment to review related potential military careers.

Accountants and Auditors (Officer)

Opportunities

Accountants and auditors record and manage military financial records subject to audit. They also advise leaders on financial and accounting matters.


Training Provided

Accountants and auditors may have an education background in accounting. Job training for accountants and auditors primarily consists of on-the-job learning in various training environments.

  • Financial management techniques, including budget preparation and review
  • Military accounting
  • Personnel management and payroll procedures
  • Statistical analysis and fiscal planning

Officers typically enter the Military after they have completed a four-year college degree; enlisted service members can transition to officer positions through a variety of pathways and earn a degree while serving. Officers complete a comprehensive training program covering responsibilities, military structure and etiquette, traditions, and leadership development.


Earnings

Officers in the military can progress through ten officer pay grades during their careers. Pay grade and length of service determine an officer's pay. Most newly commissioned officers begin at pay grade O-1 ($45,912/year basic pay in 2024). With certain professional qualifications, officers may enter at a higher pay grade. After two years, officers generally move up to O-2 ($60,252/year basic pay in 2024). After an additional two years, the military generally promotes officers to O-3 ($81,672/year basic pay in 2024) if job performance and other requirements are met. Cost-of-living increases usually occur once a year. Many officers and their families live free of charge in military housing on the base where they are assigned. Those living off base receive a housing allowance in addition to their basic pay. Officers also receive a monthly food allowance. These allowances, and associated tax savings, are substantial additions to basic pay. Other employment benefits for military officers include free health care, 30 days paid vacation each year, legal assistance, education assistance, military store privileges, and an excellent retirement program.


Services offering this occupation

Coast Guard


Marine Corps


Navy


Contact

  • Email Support

  • 1-800-GO-TO-XAP (1-800-468-6927)
    From outside the U.S., please call +1 (424) 750-3900

Support


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OCAP believes that financial literacy and understanding the financial aid process are critical aspects of college planning and student success. OCAP staff who work with students, parents, educators and community partners in the areas of personal finance education, state and federal financial aid, and student loan management do not provide financial, investment, legal, and/or tax advice. This website and all information provided is for general educational purposes only, and is not intended to be construed as financial, investment, legal, and/or tax advice.