Accounting is a vital function that almost all businesses require in order to operate and thrive. It is often referred to as “the language of business” because it provides a common format that is understandable to internal and external stakeholders. In addition, it reveals the inner workings of a company, including revenue and expenses, which helps guide a business’s direction. This is a job that can be a great fit for individuals with strong analytical mindsets, who have an eye for detail and are conscientious.
According to the Bureau of Labor Statistics, accountants earn an average salary of $73,560 per year. However, the agency does not provide a breakdown of salaries by industry or location, nor does it distinguish between those with and without CPA certification.
Individuals seeking to maximize their potential for career success can consider pursuing a Master of Accountancy (MAC) degree, which may boost their career earnings by more than 30%. Additionally, earning a CPA certification, which is required to advance in many accounting careers, can increase your salary by up to 15%.
The type of employer a professional works for can also have an impact on his or her salary. For example, those who work at the Big 4 accounting firms such as Deloitte, KPMG, PwC and Ernst & Young typically earn higher wages than those at smaller, locally owned companies. This is because these firms offer competitive compensation packages and can attract top talent. Accounting career earnings
Accounting Career Earnings
Accounting is a vital function that almost all businesses require in order to operate and thrive. It is often referred to as “the language of business” because it provides a common format that is understandable to internal and external stakeholders. In addition, it reveals the inner workings of a company, including revenue and expenses, which helps guide a business’s direction. This is a job that can be a great fit for individuals with strong analytical mindsets, who have an eye for detail and are conscientious.
According to the Bureau of Labor Statistics, accountants earn an average salary of $73,560 per year. However, the agency does not provide a breakdown of salaries by industry or location, nor does it distinguish between those with and without CPA certification.
Individuals seeking to maximize their potential for career success can consider pursuing a Master of Accountancy (MAC) degree, which may boost their career earnings by more than 30%. Additionally, earning a CPA certification, which is required to advance in many accounting careers, can increase your salary by up to 15%.
The type of employer a professional works for can also have an impact on his or her salary. For example, those who work at the Big 4 accounting firms such as Deloitte, KPMG, PwC and Ernst & Young typically earn higher wages than those at smaller, locally owned companies. This is because these firms offer competitive compensation packages and can attract top talent. Accounting career earnings