Accounting salaries can vary so much by your position and your career path. A lot of people with an accounting degree start work in an entry level position and work their way up the chain to the highest ranking accounting positions. As accounting careers differ in ways so does the accounting salary.
Financial Managers Salary
Financial managers earned a median salary of $134,180 as of May 2020, which is about $64.52 an hour. Jobs for financial managers are expected to increase by an impressive 15% between 2019 and 2029.
Economists earned a median salary of $108,350 as of May 2020, which is about $52.09 an hour. Economist jobs are projected to increase by 14% between 2019 and 2029.
Budget Analysts Salary
Budget analysts earned a median salary of $78,970 as of May 2020, which is about $37.97 an hour. The number of jobs for budget analysts is projected to increase by 3% between 2019 and 2029.
Accountants and Auditors Salary
Bookkeeping and Auditing Clerks Salary
Bookkeeping and auditing clerks earned a median salary of $42,410 as of May 2020, which is about $20.39 an hour. Jobs among bookkeepers and auditing clerks are projected to decrease by about 6% between 2019 and 2029.
An accounting salary will vary on a few factors, such as location, workload and the actual job description. Many accountants also earn overtime wages during the tax season by helping individuals or businesses to complete the annual tax returns. The salaries will also vary based upon the type of business that the accounting is being done for. Smaller non-profit accountants typically earn less per year than for-profit agencies. There are a wide variety of different types of accountants as well. The job description of each type of accountant will also impact the accountant’s earnings. A general rule of thumb states that the more money a company makes; the more money the accountants will make that work for or with the company. Another thing to consider are the perks that the company has to offer. Many businesses offer percentage bonuses throughout the year that can really boost an accountant’s income.
May 2020 Bureau of Labor Statistics salary and job market trends for accountants and auditors, bookkeepers, accounting and auditing clerks, budget analysts, economists, and financial managers represent national data, not school-specific information. Conditions in your area may vary. Data Accessed May 2021.