Mutual Fund Accountants and Auditors

Accountant Reviews Mutual Fund Financial Records

Accountants perform a wide range of financial-related duties for mutual fund companies—ranging from calculating the net asset value of mutual funds to preparing financial records, including profit and loss statements, balance sheets, cost studies, and tax reports. Auditors make sure that financial records are accurate, complete, and comply with local, state, and federal laws. Accountants and auditors are employed directly by mutual fund companies or by accounting firms that provide contracted services to these firms. More than 1.3 million accountants and auditors are employed in the United States; only a tiny fraction of this number work in the mutual fund industry. 

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Quick Facts
Alternate Title(s) Corporate Accountants, External Auditors, Internal Auditors, Management Accountants
Duties Compile, analyze, verify, and prepare financial records; ensure compliance with state and federal regulations
Salary Range $25,000 to $100,000+
Work Environment Primarily Indoors
Best Geographical Location(s) Opportunities are best in large cities
Minimum Education Level
  • Bachelor's Degree
School Subjects
  • Business
  • Economics
  • Mathematics
Experience Internship, fellowship, or co-op (entry-level workers); three to five years of experience (management positions)
Personality Traits
  • Hands On
  • Organized
  • Realistic
  • Financial
  • Information Management
  • Math
Certification or Licensing Recommended
Special Requirements None
Employment Prospects Good
Advancement Prospects Good
Outlook Much Faster than the Average
Career Ladder
  • Mutual Fund Executive
  • Chief Financial Officer
  • Controller
  • Chief Accountant/Auditor
  • Accountant/Auditor

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