It is required for public accountants, who either work for companies that offer accounting assistance to others or work independently. Here are the most current SEC financial reporting accountant salaries for each level of experience according to the 2024 Robert Half Finance & Accounting Salary Guide. Here are the most current financial reporting accountant salaries for each level of experience according to the 2024 Robert Half Finance & Accounting Salary Guide.
CPA Salaries in Public Accounting Firms
- Achieving success on the CPA exam not only boosts your starting salary but also shapes the trajectory of your entire career.
- So, before we can talk about specific salaries and compensation plans, we have to look at why CPA salaries fluctuate so much.
- Yes, CPAs with at least 5 years experience in mid-to-large accounting firms consistently make over $100,000 per year.
- Each experience, skill, and connection strengthens your foundation, allowing you to grow taller and reach higher.
The Big 4 accounting firms (Deloitte, Ernst & Young, KPMG, and PricewaterhouseCoopers) are good examples of where a starting CPA salary could be higher than at a smaller local firm. A Certified Public Accountant’s starting salary can range anywhere from $51,000 to $74,000 depending on average cpa where you live and work. Most states require at least two years of public accounting experience to be eligible to become a CPA. You may already be certified or be in the process of becoming certified as a junior accountant (1-3 years). The cost of living in urban regions is greater, with certain areas being more expensive than others. Typically, larger cities provide greater access to a variety of employment opportunities, which can contribute to job satisfaction and higher earning potential.
Companies
These roles require analytical and business skills to identify growth opportunities and efficiencies. Mid-career consulting CPAs typically earn between $90,000 and $140,000 annually, with compensation tied to project complexity and impact. Specializing in areas like forensic accounting or technology consulting can further increase earning potential. Location is another factor that strongly influences average accountant salary levels.
Starting salaries for young CPAs often reflect their fresh qualifications, while mid-career professionals see substantial growth as they gain experience. While many aspiring accountants may consider the CPA designation as the pinnacle of their profession, it’s important to understand the earning potential of non-CPA accountants as well. While pursuing a career in auditing or tax, it’s essential to understand the salary expectations that come with these roles. Different specializations come with varying compensation levels, and seasonal trends can impact your earnings too. In high-cost areas like New York City or San Francisco, salaries often seem higher, but remember, expenses rise too.
Internal Audit
As you explore niche accounting skills, you’ll find that demand can lead to even more lucrative opportunities. Big Four compensation often outpaces that of general accountants, especially in specialized areas like tax preparation. After securing a position at one of the Big Four firms, you’ll likely witness significant salary progression as you advance in your career. For many CPAs, pursuing a career in government or non-profit organizations offers a fulfilling path that balances purpose with financial stability.
Job Market Trends for CPAs in 2025
In these sectors, CPA salaries typically range from $50,000 to $85,000, depending on location and experience. While compensation may not match private sector firms, the stability and benefits often attract those seeking meaningful work. With the average certified public accountant earning more as they gain experience, investing in your CPA certification pays off. For example, a CFO at a Fortune 500 company may earn a base salary exceeding $400,000, while senior CPAs in smaller firms or non-profits may earn less but benefit from a more predictable workload. Partners at “Big Four” firms often see their compensation soar, with profit-sharing leading to annual earnings in the seven-figure range for top performers. CPA salaries vary significantly across the United States, influenced by regional economic conditions, industry concentrations, and cost of living.
These opportunities not only enhance your salary but also motivate you to excel in your role. You’ll find that common perks, bonus opportunities, and robust health and retirement benefits can significantly enhance your overall compensation. When considering a CPA career, it’s important to look beyond just the base salary.
In the following tables, I’ve broken down the salary prospects for some popular positions in corporate accounting. If you are interested in learning about another position, check out the Robert Half Salary Guide. Many public accountants switch to corporate settings in search of a better work-life balance or for other family reasons. Some make the change because they don’t want to be a “salesman” soliciting clients but would rather happily stay in the middle and back-office instead of pounding the pavement looking for clients.
CPAs can earn between $50,000 and $150,000 annually, depending on experience, location, and specialization. Entry-level positions typically start around $60,000, while experienced professionals often surpass six figures. In 2025, CPAs enjoy robust salary prospects supported by strong demand and diverse career opportunities. Salary varies based on experience, location, and education, but the overall outlook is positive. To maximize earning potential, CPAs should consider further certifications, embrace technology, and target high-demand industries.
Public accountants, on the other hand, earn slightly more than their private counterparts in similar roles. The BLS Occupational Outlook Handbook states that employment of accountants and auditors is expected to increase by 4 percent from 2022 to 2032. Accountants and auditors are expected to have 126,500 job openings per year on average over the next decade.
- The Occupational Outlook Handbook stats show projected job growth of 6% over the next decade.
- Additionally, leveraging networking opportunities and pursuing continuing education can significantly boost your earning potential and career trajectory.
- Here are the most current financial analysis accountant salaries for each level of experience according to the 2024 Robert Half Finance & Accounting Salary Guide.
- Larger cities with a higher cost of living typically have higher average salaries than smaller cities.
- Typically, financial analysis is used to analyze whether an entity is stable, solvent, liquid, or profitable enough to warrant a monetary investment.
In recent years, certain industries like Hospitality, Healthcare, and EdTech have been growing and looking to hire more accountants. Senior-Level CPAs, especially those in executive roles or with specialized skills, can earn upwards of $120,000 per year. At this level, CPAs often have substantial experience and hold positions such as finance directors, chief financial officers, or partners in accounting firms. By the mid-career stage, typically 5 to 10 years of experience, CPAs generally earn between $80,000 and $120,000 annually, depending on industry, location, and additional certifications.
Accountants’ and auditors’ employment is expected to expand by 11% between 2023 and 2024, demonstrating how in-demand accountants are across all work professions. This is wonderful news not just for people searching for work in the sector, but it also indicates that the prognosis for the US economy is improving. As a result, there would be a greater demand for accountants to produce and review financial records.