In addition to many perks of a secure job, accountants can expect to make a favorable salary. An accountant salary can vary widely, but the general range is between $55,000 and $95,000, according to the Bureau of Labor Statistics. Accountants track ingoing and outgoing funds, monitor savings enrolled agent salary and debt levels, file taxes, and ensure compliance.
Accountant salary by year
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Hourly Salary Range For Accountants In 2023
As a controller or Chief Financial Officer, you may be wondering if you’re paying your accounting staff correctly according to market value and skill. As an accountant or prospective accountant, you may be interested in the compensation for particular accounting roles. The average additional cash compensation for a Accountant in US is $6,811. Accountant salaries are based on responses gathered by Built In from anonymous Accountant employees in US. Compare accountant salaries for cities or states with the national average over time. Some industries have a stronger need than others for accountants and auditors in general, and CPAs specifically.
Highest paying industries for accountants
- That growth translates into 130,800 new jobs for accountants nationwide in that period 7.
- This difference highlights that, in the accounting profession, deciding not to pursue certifications and licensures will significantly stunt your earning potential.
- Auditors ensure the accuracy and integrity of financial documents.
- Be certain that job descriptions, resumes, and trainings are tailored to the accounting job in question.
- The chart below looks at projected employment for accountants over the next 10 years.
The chart below provides a snapshot of advertised salaries over the past three years. During a review of 316,270 job postings related to accountants, advertised salary was included in 137,633 of them, which was 44%. Based on those postings, the median advertised salary for accountants was $73,088 per year. Bureau of https://www.bookstime.com/ Labor Statistics (BLS) for detail into the lowest and highest salary earnings for accountants.
Accountant Salary by Years of Experience
Many factors influence an accountant’s salary, including geographic location and specific certifications. While degree level may have less impact on accountants’ salaries, CPA certification does add significant earning potential. To earn a certified public accountant’s salary, you need to pass the CPA exam. For example, accountants and auditors who work in accounting, tax preparation, bookkeeping, and payroll services earned an average annual salary of $93,060 in 2023, according to the BLS. By contrast, professionals who work in local government — excluding schools and hospitals — earned an average annual salary of $79,220 in 2023, per the BLS.
- To build a better understanding of how much money accountants and related positions can expect to make in the United States, it can be helpful to look at the full range of compensation for those jobs.
- These roles come with distinct responsibilities and compensation structures.
- Staying current with tax legislation changes is critical to providing accurate advice.
- According to the BLS, accountants and auditors earn an average annual salary of $90,780 as of May 2023.
- Read on to learn more about what YOU need to know about accountant jobs and salary.
Although hypothetical, the estimate can help you make decisions about financial jobs and negotiations. Discover how an accountant salary might fluctuate based on geographic location, experience, education, skills, and company. Accountant salaries at Meta and PayPal are the highest-paying according to our most recent salary estimates.
Accountants typically earn a bachelor’s degree in accounting or business to break into the field. However, you may be able to earn more with a higher degree, like a Master of Business Administration (MBA) or a Master of Science in Accounting. Your anticipated income as an accountant can vary on many factors, including where you’re looking for work, what retained earnings education you’ve earned, and what industry you’re interested in. Accountant salary is impacted by location, education, and experience. Accountants and auditors earn a median annual salary of $79,880 as of May 2023, according to the Bureau of Labor Statistics (BLS). Research shows that accounting operations, financial analysis, and general accounting roles are experiencing the highest salary increases in 2025, with some specialized positions seeing 15-20% year-over-year growth.
