Oklahoma’s two largest cities, Oklahoma City and Tulsa, have several unique qualities that make them stand apart from one another. CPAs in Oklahoma City have different opportunities and challenges in their work environment than their counterparts in Tulsa.
Let’s look at the recent developments in both cities to understand how the landscape is changing for CPAs.
Diverse Opportunities
Oklahoma City has a population of about 600,000 people. The city is home to three major universities, has a rapidly developing economy thanks to its oil, natural gas, and petroleum businesses, a booming infrastructure, and a growing downtown.
Much of this is thanks to the local government, which has invested millions of dollars into the development of the city in recent years.
Tulsa, on the other hand, has a population of about 400,000 people. While the city’s economy once relied heavily on the oil and gas industry, it has since diversified to include the aerospace, technology, and financial services industries.
CPAs in Oklahoma City will find opportunities to expand their businesses with the growing economy.
Different Economies Require Different Knowledge
A key difference between both cities will continue to be the knowledge and skill sets that CPAs are required to develop. Oklahoma City CPAs will be working in an environment where a large portion of the city’s population is employed by the government, specifically the military, and the oil and gas industry.
Also, there is a greater subset of young working professionals due to the surrounding universities. It is important for CPAs to be aware of this and learn how to cater to each of these demographics.
In addition, accounting professionals need to familiarize themselves with the inner workings of the top businesses in Oklahoma City in order to remain competitive.
On the other hand, CPAs in Tulsa will want to increase their knowledge in aerospace, technology, and finance, given the diversity of the Tulsa economy.
Are you thinking about joining or starting an accounting firm in Oklahoma City or Tulsa? What are your experiences with each city? Let us know your thoughts in the Comments box below.
And to follow up on the information introduced in this article, be sure to download your free Information Technology Guide for Oklahoma City CPAs.
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