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