November 16, 2007, Newsletter Issue #22: Projected Earnings With a Masters Degree in Accounting

Tip of the Week

Assuming you have limited or no real professional experience, your beginning compensation will vary by job title and geographical location. Here are some statistics compiled by PayScale, an online research firm that provides salary and benefit information for both employees and employers. The compensation levels shown are median figures for the U.S. as a whole for job titles filled by people with MBA or MBA in accounting degrees.
Controller: $78,700 Financial Analyst: $54,100 Senior Financial Analyst: $70,800 Chief Financial Officer: $122,900 Information Technology Manager: $83,600

Do not be mesmerized by these numbers for better or worse. If you work in or very near one of the larger cities in the U.S., like New York, Boston, Chicago or Los Angeles, you could earn 25 percent to 40 percent more than “median” salaries. As you gather experience, you will also enjoy compensation that can be considerably higher than any average calculated value. If you decide to earn a CPA certification, you will have the option to follow a public accounting path or serve as an officer, such as CFO, within a company. Either professional action plan will provide an excellent compensation package.

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