By an AccountingEdu contributing writer
Updated August 2015
Texas was the first state to reemerge economically following the Recession, so accountants seeking work in the Lone Star State can expect plenty of opportunities. As Texas’ oil and petroleum companies continue to expand their business, accountants are needed to help keep their finances in order. Big business has received a much higher level of scrutiny across the country, and accountants have largely led the charge to reform and improve business practice.
The US Bureau of Labor Statistics predicted a 13% growth rate for accountants nationwide from 2012 to 2022. In Texas however, that rate is a staggering 32.02%. Accountants looking for work will likely have little trouble finding work, thanks to the surge of business in the state.
According to salary information provided by the Bureau of Labor Statistics, accountants in Texas earned an average of $75,210 in 2014. Tax preparers in the top 10th percentile in Corpus Christi made $66,380. Accountants who were in the top 10 percent salary bracket earned $131,770 in the Houston area.
The 2015 Robert Half Salary Guide provided salary data for specialized accounting and finance positions in Texas. According to the guide, salaries of internal auditors at midsized corporations varied from $58,888 in El Paso to $89,173 in Austin. Controllers at small firms averaged $90,773 in San Antonio, while larger firms in the city paid up to $204,820.
Wages are substantially higher for licensed CPAs in the state. Forensic accountants made as much as $119,862 in Dallas, while CFOs, a CPA licensed position, had a salary range of $313,094 to $500,681 in the same city.
The factors that greatly affect salaries for accountants in Texas are location, experience and CPA licensure. The lowest average wage reported by the BLS was for the Gulf Coast Texas nonmetropolitan area at $60,500 a year. Houston makes up the top of the range at $83,190 annually. The table below contains employment and salary information for accountants in 2014 drawn from the Bureau of Labor Statistics.
The state average annual wage for tax preparers in 2014 was $40,290. Tax preparers in the top 10th percentile in Corpus Christi made $66,380, compared to the state top 10th percentile of $72,720. The table below shows 2014 employment and salary information for tax preparers in Texas’ metropolitan and nonmetropolitan areas.