Average CPA and Accountant Salary Guide
According to the Bureau of Labor Statistics there are about 1.3 million accountants in the United States, mostly concentrated in urban areas and regional hubs. Accountants work in large accounting firms, government agencies, major corporations, small businesses, as well as non-profit and educational institutions. Nearly a quarter of accountants work for firms specializing in public accounting, tax preparation, bookkeeping and payroll services.
Approximately 8% of CPAs report being self-employed, but the 92% that work in accounting firms and other businesses usually receive a standard compensation package that includes medical insurance, a retirement plan and paid vacation benefits.The National Association of Colleges and Employers reported that bachelor program graduates in 2008 received average beginning salary offers of $48,020. According to the Bureau of Labor Statistics, the median annual wages for accountants and auditors across all industries and specialty areas was $59,430 in mid-2008, while the top 10% earned $102,380.
The well-known Robert Half Salary Guide reported 2011 salaries in public accounting that ranged from $46,250 in small firms to $72,500 in larger firms. Auditors working internally for mid-sized companies earn between $49,250 and $74,750, while salaries for auditors in large companies range from $53,250 to $81,750. Reported salaries for forensic accountants ranged between $61,250 and $98,000.
According to the Robert Half Salary Guide, salaries for CPAs that hold management positions in the corporate world ranged considerably:
- Chief Financial Officer: $94,250 - $395,000
- Treasurer: $93,250 - $392,250
- Controller: $67,000 - $175,250
- Vice President, Finance: $84,500 - $328,750
- Chief Internal Audit Director or V.P.: $99,500 - $231,000