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Average Salary of an Accountant

The area of accounting currently experiencingaccountants and auditors with up to one year
strong growth in the number of peopleof work experience earned $28,250 to $45,000
employed in the field. In 2004, accountantsannually. The average salary of an accountant
and auditors held about 1.2 million jobs inwith one to three years of experience earned
the United States. These numbers are expected$33,000 to $52,000, and the average salary of
to grow at a faster than average rate throughan accountant at senior level accounting or
2014, mostly because of the increasing numberauditing earned between $40,750 and $67,750.
of businesses, but also due to changingAccounting managers were reported to be
financial laws and regulations, as well asearning $48,000 to $90,000, and directors of
increased scrutiny of company finances.Theaccounting and auditing earned $64,750 to
average salary of an accountant can vary$200,750.When employed by the Federal
greatly through the many different fields ofgovernment, the average salary of an
accounting. An average salary of anaccountant varies just as much. According to
accountant depends much on not only whichthe U.S. Department of Labor, the average
area of accounting the accountant issalary of an individual working as a junior
employed, but also the geographic region inaccountant or auditor in 2005 was $24,677.
which the accountant is employed. ForThose who had a superior academic record
example, accountants, and especiallymight start at $30,567, while accountants
Certified Professional Accountants (CPAs), inwith a master's degree and/or two or more
large metro areas will earn more than CPAs inyears of professional work experience as an
smaller cities nationwide.According to theaccountant usually start at a salary of
United States Department of Labor, the$37,390. Initial salary bases were slightly
average salary of an accountant, or thehigher in selected areas where the prevailing
median wage and salary earnings of anlocal pay level was higher, such as in large
accountant or auditor, was $50,770 in Maymetro areas. Accountants employed by the
2004. The middle half of the occupationFederal government in a nonsupervisory,
earned between $39,890 and $66,900. The topsupervisory, or managerial position made an
10 percent of accountants and auditors earnedaverage of $74,907 per year in 2005, and
more than $88,610 annually, and the bottom 10auditors earned an average of $78,890 that
percent earned less than $32,320. The U.S.same year.Accountants and auditors that are
Department of Labor also collected medianself employed or earn their own firms may
annual earnings from May 2004 in thehave an upper end or lower end salary,
industries that currently employ the largestdepending on the size of their firm, their
number of accountants and auditors, and thegeographic location, the number of clients
average salary of an accountant in theseserviced, and other factors. Earning
areas is as follows:Federal Executive Branchpotentials and the average salary of an
of the government and the United Statesaccountant who is self employed can vary
Postal  Service  -  $56,900greatly because of these reasons. A more
experienced accountant has the opportunity to
Accounting, tax preparation, bookkeeping,have a larger firm and more clients, thus
and  payroll  services  -  $53,870earning more money, than an accountant who is
just starting out in the field. It is because
Management of companies and enterprises -of this that many accountants begin their
$52,260careers working for other firms, and start
their own firm once receiving experience, as
Local  government  -  $47,400well as compensation, in the field.Other
factors may play a key role in determining
State government - $43,400According to athe average salary of an accountant. Not only
salary survey reported by the Nationaldoes geographic location and the job position
Association of Colleges and Employers (NACE),or work experience affect the average salary
candidates for bachelor's degrees, soon to beof an accountant, but other things may also
graduating in the field of accounting,affect salary, such as level of education
received starting wage offers from a varietyobtained by the accountant, as well as
of sources averaging $43,269 per year inCertified Public Accountant (CPA)
2005, and master's degree candidates incertification. Generally, those with master's
accounting were offered $46,251 as an initialdegree and more experience will receive
average wage.The varied salary levels ofhigher salary levels and obtain a higher
different positions in the accounting fieldlevel job responsibility position in the work
greatly affects the average salary of anplace. Those that are CPAs also tend to
accountant. A 2005 salary survey by Robertreceive higher salaries, and therefore, the
Half International, a staffing services firmaverage salary of an accountant is almost a
specializing in accounting and finance,gray area due to all of the factors involved.



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