Your talking about financial and not management accounting. Financial accounting deals with day to day running of a business.
Accounting Salary Centre
Find out the going rate for different roles in your industry. Use the industry trend information to help with your next career move or salary review.
Average Accounting Salary: $69,058
Sub-Sector Minimum Maximum Average
Accounts Payable $27,347 $92,000 $44,078
Accounts Receivable $28,320 $88,000 $44,488
Analysis & Planning $36,714 $167,000 $81,872
Audit & Risk $39,000 $164,000 $80,140
Bookkeeping $31,000 $74,000 $46,833
Credit $32,400 $88,400 $44,651
Financial & Management Accounting $30,518 $181,000 $76,674
Financial Control $45,600 $230,000 $105,096
Partly Qualified & Assistant Accounting $33,718 $97,000 $51,062
Payroll $32,184 $102,000 $51,823
Procurement & Inventory $38,600 $94,000 $59,526
Professional Services - Audit & Risk $39,200 $186,592 $77,362
Professional Services - Business Services $29,118 $200,000 $72,016
Professional Services - Consulting $40,400 $131,000 $70,813
Professional Services - Corporate Advisory & Forensic $43,000 $156,000 $76,312
Professional Services - Insolvency & Corporate Recovery $45,000 $139,000 $81,300
Professional Services - IT Systems Audit & Consulting $44,600 $112,000 $73,229
Professional Services - Superannuation $38,000 $109,000 $66,916
Professional Services - Taxation $25,920 $183,000 $72,429
Systems Accounting $41,000 $138,000 $80,143
Taxation $27,800 $159,000 $72,176
Treasury & Corporate Finance $44,200 $178,000 $90,338
All figures may include benefits
Source: MyCareer.com.au
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SmartPros Salary Survey: Certifications Pay
HAWTHORNE, N.Y., Feb. 8, 2005 (SmartPros) -- Accountants with at least one professional certification -- whether it be a CPA license or an MBA -- reported substantially higher salaries than accountants with no certification, according to the new SmartPros Salary Survey just released.
Nearly 2,500 respondents answered the nine-question online survey between September and December 2004. Respondents included a wide range of accounting professionals,* but the majority reported their professional title as Staff Accountant (34 percent), Director/Manager (20 percent) or CFO/Controller (12 percent). See Figure 1 for the average salaries for these positions.
By area of practice alone, and without considering certifications, accounting professionals in regional public accounting averaged $61,493; in national public accounting, $58,959; and in local public accounting, $58,391. See Figure 2.
As was the case in last year's survey, respondents with a CPA license reported a much higher average salary ($73,418 ) than those without a CPA license ($52,513).
In addition, the survey found that accounting professionals with both a CPA license and an MBA made nearly twice the salary ($82,326) as those without a CPA-MBA combination ($43,510).
Other findings:
* Accounting professionals in the corporate finance field reported the highest average salary at $69,073.
* Staff accountants with a CPA license (and no other reported license) reported an average salary of $49,044. In comparison, staff accountants without a professional certification reported $40,704.
* CFOs and Controllers with an MBA degree and no CPA averaged $68,695; with a combination CPA-MBA the average salary was $105,000.
* CFM- and CMA-certified accountants reported average salaries of $80,462 and $82,258, respectively.
* As expected, the more years of experience, regardless of area of practice or professional title, the higher the respondents' average salaries. See Figure 4.
Position
Average
Salary
Staff Accountant
$ 45,032
Director/Manager
78,369
CFO/Controller
87,893
Figure 1
Area of
Practice
Average
Salary
Corporate Finance
$ 69,073
Public: Regional
61,493
Public: National
58,959
Public: Local
58,391
Government
56,036
Education
55,753
Not-for-profit
54,817
Figure 2
Certification
(all respondents)
Average
Salary
None
$ 43,510
The median entry level salary in public accounting in 1999 was $29,000. After four years you can expect to make something approximating $40,000 to $55,000. Salaries are usually similar in the private sector and slightly lower in government. They tend to higher in major cities.
Actual salaries paid in the early 1990s in an October 1992 Smart Money survey were as follows:
Deloitte & Touche Grant Thornton Typical Experience
Entry Level $33-55,000 $34,000 First year
Junior Staff Accountant $36-63,000 $37,000 1-2 years
Senior Staff Accountant $40-85,000 $42,000 3-5 years
Manager $50-110,000 $63,000 5-7 years
Senior Manager $72-160,000 $87,000 7 years plus
Partner $260,000 $180,000 10 years plus
CPA only
68,877
CPA+ any/all others
87,398
MBA (non-CPA)
75,045
MBA and CPA
82,326
CFM
80,462
CMA
82,258
CIA
79,709
Figure 3
Years of
Experience
Average
Salary
Entry Level
$ 37,383
1-3
39,346
4-9
53,679
10-15
75,045
16+
83,767
Figure 4
Answered By: Beeswax - 12/3/2006 |