By an AccountingEdu contributing writer
Updated August 2015
Job prospects in the field of accounting are so promising in Utah that the state’s Department of Workforce Services gave it a five star rating - the highest rating possible - in recognition of the strong employment outlook and high salaries available in the field.
The Utah Department of Workforce Services expects an increase of 28% in the number of accounting jobs in the state between 2012 and 2022. This is more than twice as high as the national rate of increase expected for accounting jobs nationwide according to the US Department of Labor (DOL).
The median salary for an accountant in Utah was $62,300 in 2014 according to the DOL. Experienced professionals in the 90th percentile, often those with CPA licenses, earned an average of $103,600.
The 2015 Robert Half Salary Guide provides the salaries for a number of accounting specialty positions in Salt Lake City for 2014. For instance, accountants with one to three years of experience in large accounting firms earned between $69,438 and $88,628.
Salaries are even higher for specialized accountants, with forensic accountants in Salt Lake City earning salaries within the range of $72,215 and $112,615. Controllers at large financial services firms in Salt Lake City earned salaries in the range of $153,015 and $194,930 according to the 2015 Robert Half Salary Guide.
Chief Financial Officers (CFOs) in Utah, which often hold CPA licenses, earned the highest salaries among all accounting professionals. CFOs at financial services firms in Salt Lake City earned between $156,550 and $277,750 according to the 2015 Robert Half Salary Guide.
In 2014, accountants and auditors in the nonmetropolitan area of Northern Utah earned the highest salaries in the state according to the US Department of Labor.
The 90th percentile in each area is representative of salaries for experienced accountants with CPA licenses.
Tax preparers in Provo-Orem had the highest average salary in 2014 according to the US Department of Labor: