As a professional accountant, you are responsible for accurately recording financial information and helping companies keep track of their finances. In addition to traditional accounting duties such as reporting financial statements and preparing taxes, you can also find yourself working in specialty sectors such as forensic accounting or public accounting. While you can build a career with a bachelor’s degree, earning additional qualifications like a master’s degree or certified public accountant (CPA) certification can boost your earnings.
The type of industry you work in can have a significant impact on your average salary as an accountant. Larger firms tend to pay more than smaller ones, and if you work for one of the “Big 4” accounting firms (Deloitte, PwC, Ernst & Young, KPMG), your earning potential will be even higher.
Another way you can increase your earnings as an accountant is by gaining leadership experience and managing others. While this can be a challenging move to make, it is often rewarded with higher salary increases than working as an entry-level employee.
Another factor that can impact your average salary as an accountant is the location you live in. Some states, like the District of Columbia and New York, offer above-average salaries for accountants. However, higher wages can be offset by the high cost of living in these areas. If you want to maximize your earning potential as an accountant, consider moving to a less expensive region of the country. Accounting career earnings