Straight Talk About the Typical Accountant's Salary

Accountants are key to allowing a corporation,$35,000 per year. Masters degree holders had a
business, or other organization to be financiallyslightly higher average starting salary. The
efficient. They handle such tasks as auditing, tax,average accountant salary with up to one year of
keeping public records, and a number of otherexperience was between $26,000 - $36,000 per
duties. The job requires a proficiency in math andyear across all fields, while accountants with one
a knowledge of business and financial matters, asto three years of experience earned $29,000 -
well as accuracy and attention to detail. An$41,000. Senior accountants earned between
accountant salary will vary depending on his/her$34,000 - $51,000, managers earned between
experience, field, and qualifications, but the$41,000 - $68,000, and directors earned between
majority of positions will allow for job security,$56,000 - $91,000.
benefits, and competitive wages.Employment opportunities for accountants in
The four major types of accountants are publicevery field are expected to increase in the next
accountants, management accountants,few years as more businesses are created and
government accountants, and internal auditors.current professions start to retire or move to
Each field has a different set of responsibilities andother positions. The number of job openings that
duties; although, the average salaries for eachresult from this is expected to be in the
tend to be fairly consistent, depending on thethousands. Though the job market is expected to
experience of the accountant and the organizationremain competitive, with licensed accountants
he/she works for.having the best job prospects, there is a good
At the turn of the century, the median annualchance that it will be easier for all qualified
income of accountants was just below $40,000.accountants to find employment.
The middle half of those employed in the fieldAs businesses begin to expand and grow,
earned anywhere between $30,000 and $50,000.accountants will be expected to adjust to a shift
The top 10 percent of accountants earned morein their clients' needs. Additionally, legislation
than $75,000, and the bottom 10 percent earnedregarding taxes is subject to change significantly in
less than $25,000.the coming years as well, which means
On average, accountants working in urban areasaccountants will also have to alter their techniques
earned a little more than those working in anyto fit these new laws. As a result, the nature of
other area. The industries that employed thean accountant's job may be significantly different
most accountants were, in descending order:in the foreseeable future than it is currently.
accounting, auditing, and bookkeeping companies,Accountants will certainly have more advanced
state government (not including education orcomputer programs at their disposal, which can
hospitals), federal government, local governmentperform more sophisticated tasks. Some believe
(not including education or hospitals), andthat these new programs could work to decrease
commercial banks.the amount of jobs in the industry. Though this
In 1999, accountants with bachelor's degreesmay be true, it is difficult to know for certain.
received starting salaries which averaged about