The number of high paying jobs in the lucrative field of accounting is expected to grow at a rate of 11.8% in Arkansas between 2012 and 2022 according to the state’s Department of Workforce Services. This agency expects this rate of growth to generate an average of 316 accounting jobs in Arkansas on average each year during this period.
While the work of most accountants remains confidential, forensic accountants helped to unveil the nefarious practices of a multi-million dollar Ponzi scheme perpetrated by a Fort Smith resident through her company, Texas Vantage Group. The Department of Justice filed charges against Shirley Sooy in 2014 using evidence uncovered by forensic accountants that investigated the case.
According to the US Department of Labor, accountants in Arkansas earned a median salary of $67,700 in 2014. The top ten percent, including CFOs, earned an average of $94,400 that year.
Corporate accountants at large companies in Fayetteville and Little Rock who had five or more years of experience earned between $65,313 and $83,363 according to the 2015 Robert Half Salary Guide.
Forensic accountants in Little Rock and Fayetteville earned salaries ranging from $67,925 to $105,925 in 2015. Controllers in large financial firms in these cities earned between $143,295 and $183,350 a year.
The highest salaries are reserved for CFOs who typically have CPA licenses. CFOs in the financial services industry in Little Rock and Fayetteville earned within the range of $147,250 to $261,250 a year.
The median salary for general accountants and auditors in the Little Rock metropolitan area was the highest of those in Arkansas in 2014 according to the US Department of Labor:
According to the US Department of Labor, the median salary for tax preparers in the nonmetropolitan area of South Arkansas was significantly higher than their colleagues in other parts of the state in 2014: