With the 2014 Kansas Economic Report from the state’s Department of Labor reporting an increase in the state’s GDP for the fourth consecutive year, the economy of Kansas is poised to continue growing. This is good news for accountants in Kansas, and the state’s Department of Labor predicts their numbers to increase by 13.7% through 2020. The agency predicts that this level of growth will generate 4,057 jobs over the ten-year period of this analysis.
The rural areas of Kansas have a large number of accountants. In fact, the Department of Labor reported that the Kansas nonmetropolitan area had the highest level of employment for accounting professionals of any such area in the country in 2014.
A diverse array of industries provides employment opportunities for corporate accountants in Kansas. Major industries in the state range from aviation to agriculture to biomass production. Wichita is the aviation capital of the world and home to both Spirit Aerosystems and Cessna Aircraft. A full 43% of domestic general aviation components are produced in Wichita.
The US Department of Labor reported that the median salary for an accountant in Kansas was $56,600 in 2014. Experienced professionals in Kansas earned an average salary of $100,400 that year.
The 2015 Robert Half Salary Guide reports on the salaries of different types of accounting positions in Kansas City in 2015. Accountants starting their careers at large corporate accounting firms earned between $43,893 and $53,593 a year.
Forensic accountants in Kansas City had a higher earning potential, enjoying salaries that range between $69,355 and $108,155 a year. Controllers at large financial services firms were even more highly paid, with salaries within the range of $146,955 to $187,210.
The highest salaries for accountants in Kansas City were reserved for Chief Financial Officers who typically have a CPA license and many years of corporate accounting experience. CFOs in high-revenue corporate accounting firms earned salaries between $282,513 and $451,778.
A detailed salary breakdown from the US Department of Labor indicated that general accountants and auditors in Wichita had the highest median salary in 2014. Accountants and auditors in the 90th percentile of this occupational category were highly paid in both Wichita and the nonmetropolitan area of Kansas:
Tax preparers in Wichita earned higher salaries than their colleagues in the nonmetropolitan areas of Kansas in 2014 according to the US Department of Labor: