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How much money does an accountant make?

I'm in business class, and I am in the accounting department in that class. #business #accounting #accountant #finance


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Adam’s Answer

If you're going into public accounting, the starting pay is anywhere from high $40K to low $60K, depending on the specific company and where you work. There's normally a (small) living adjustment if you live in a more expensive city (ie New York, San Fran, etc).

There aren't signing bonuses or the extravagant year-end bonuses you hear about in finance. However, if you pass the CPA before/a year after you start working, you can expect to get a decent bonus (mine was $6,000). Accounting firms want you to have your CPA as soon as possible.


Some firms do offer signing bonuses, for internships and for full time. Dalicia Savoie

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Angela’s Answer

Haley - There are many different kinds of accountants, and many different education levels (ex: associates degree, BS in Accounting, Masters in Accounting). The salary you would make to start out would mainly be based on your education level and if you have your CPA (Certified Public Accountant) license. Salaries also vary greatly by area of the country, based on the cost of living and the industry you are looking at (telecommunications, construction, small CPA firm, etc.).

The internet shows widely varying salaries by degree type. With an Associates Degree ( a 2 year degree), it looks like you can start out making from $15 per hour to $50,000 per year salaried. With a BS in Accounting ( a 4 year degree) you can start out making between $50,000 and $65,000. If you add a CPA license to the BS Degree (you need at least a BS in Accounting to sit for the exam - varies by state), you can start out earning $5,000 to $8,000 more than this.

These are just starting salaries, the yearly raise you receive would be based on your performance, any promotions you receive (to a higher level job), and the industry you are in.

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Lauren’s Answer

Hi,

This depends largely on your experience level and if you have relevant certifications, particularly the CPA. With that in mind, I would imagine someone with a 4 year degree and working on the CPA can expect to start anywhere from 50-60K per year depending on location.

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Vincent’s Answer

If you decide to pursue a career in public accounting, the earning potential is very rewarding. I would do a quick google search on the companies you are interviewing with to give you a good idea of the starting point. Most likely the salary will jump up 5%-10% per year for your first few years. A partner once told me money will come if you work hard! So best of luck to you!!

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Kent Taylor’s Answer

It depends on the type of accountant you are speaking of. Also how much expereince does the person have and where is the experience concentrated in for subject material. There are different credentials that can be achieved in this profession.

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Jodi’s Answer

Hi!

Starting salary for the Big 4 accounting firms likely ranges between 50k-70k based on your location, if you have a Bachelors degree and CPA license. Most importantly, there is a lot of potential for growth in the industry as you build years of experience and is a superb career for developing your business acumen quickly!

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Garrett’s Answer

Hi, I hope you are doing well.

Your salary as an accountant largely varies with how much experience you have and your job title. You would typically start out as an associate and then move up from there (Senior associate, Manager, Senior Manager, Director, Partner). Typically one could expect to start out making 50-60K a year depending on what location you are in. Areas such as New York City tend to make more because the cost of living is so much more there. Something else to keep in mind is that your CPA license is very important to consider because this is something that will allow you to move up in the firm (and make more money). With all that being said, being an accountant can be a rewarding career if you stick with it.

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