Possible Earnings with a Career in Accounting
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What Can I Expect to Earn If I Choose a Career in Accounting?
A career in accounting will prove to be financially rewarding whether you choose to enter public accounting with a CPA firm, a private industry, government service or nonprofit entities. Earnings are a function of education, experience and the location where you work. In all situations, you will be pleased with accounting salaries. Here are some accounting salary examples, according to PayScale.com:
- Controller: $78,700
- Financial Analyst: $54,100
- Senior Financial Analyst: $70,800
- Chief Financial Officer (CFO): $122,900
- Information Technology Manager: $83,600
Depending on your specific chosen career path, industry, responsibility level and location, your accounting salary could be much higher than the sample noted. Should you choose public accounting as your career, your earnings in many locations will average around $62,000 and up, depending on the size of your firm, level of responsibility and whether you are eventually given partnership status. Should you reach partnership level, your annual earnings should easily exceed $100,000 per year. Private industry positions, like Controller and CFO, can vary widely in salary, sometimes being many thousands of dollars higher than the data shown above.