Entry-level DCAA auditors earn between $34,000 and $39,000 annually, though those posted in high-cost areas get a bit more. During their first three years, the agency sends auditors to the Defense Contract Audit Institute in Memphis, Tenn., for a total of 300 hours of training. To qualify, you�ll need a bachelor�s degree in accounting, auditing or a related field, and the ability to pass a security check that screens for illegal or improper drug use, criminal acts, dual citizenship, poor credit or membership in organizations that �unlawfully practice or advocate the overthrow or alteration of the United States government by unconstitutional means.�
While some auditors make a career of the DCAA, others use their time there to get a working knowledge of Federal Acquisition Regulation, or �FAR.� That and their security clearance allows them to walk into private sector jobs with salaries in the mid-$50,000 range, says Marc Zeid, partner in Capital Search Group, LLC, in Vienna, Va.
�You�re going to get a substantial increase because there is a tremendous shortage of secured accounting professionals. Most government contractors are looking for auditors, and if you�re cleared, so much the better,� Zeid says.
Those jobs are with defense contractors located around the country as well as with the government contract services practices at Big 4 firms like Ernst & Young.
However, Zeid warns, if moving to the private side is in your plans, don�t stay at the agency for too long. �Stay three or four years and leave,� he says. �Otherwise it becomes much more difficult to get out. People still have perception issues with the government workers.�
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