The Maine Center for Workforce Research and Information considers accounting to be a high-wage, in-demand field in the state. This agency projects the number of jobs for accountants in Maine will increase by 4.5% between 2012 and 2022. This level of growth should generate an average of 145 jobs a year for accountants in Maine during this ten-year period.
The median salary for an accountant in Maine was $56,368 in 2014 according to the state’s Center for Workforce Research and Information. More experienced accountants in the 75th percentile of this occupation earned an average of $71,302 that year.
The 2015 Robert Half Salary Guide shows the salaries for a number of different types of accounting professionals working in the Portland area in 2015. Accountants at financial services firms with five or more years of experience earned salaries ranging from $66,975 to $84,550 a year. In contrast, accountants with one to three years of experience earned salaries that were between $43,700 and $56,763.
Financial fraud in Maine is a perpetual issue that forensic accountants continually monitor. The Maine Office of Securities educates investors in the state on how to avoid fraud and scams such as Ponzi schemes. Based on the findings of forensic accounting investigations, in 2012 this agency ordered almost $1.2 million in penalties for violations against Maine’s security laws, as well as restitutions for investors who had been defrauded.
Forensic accountants are more highly compensated for their specialized knowledge. For instance, forensic accountants in Portland earned between $67,925 and $105,925 a year in 2015. Controllers at small financial services firms earned salaries ranging from $87,400 to $117,325.
Chief Financial Officers are very well compensated and tend to have CPA licenses. CFOs at financial services firms in Portland had salaries ranging from $147,250 to $261,250 a year.
The US Bureau of Labor Statistics reported that the average salary for general accountants and auditors in the Portland area was higher than in other major metropolitan and rural areas as of 2014. Professionals in the top 10% of this occupational category located in Bangor were the most highly paid:
The salaries of tax preparers in the Portland area were nearly twice as high as those in the nonmetropolitan areas of the state in 2014 according to the US Bureau of Labor Statistics: