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What is the salary for accounting

I’m in 9 grade

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Chih’s Answer

I recommend checking Glassdoor to get an idea of the salary range for an accountant in the specific location you are looking for, considering the years of experience and career area. Salaries can vary significantly based on these factors, so researching local data on salary expectations will provide a more accurate picture in the job market you are looking for.
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Xiaojie Johan’s Answer

Hello Amanda,

Thanks for posing the question. The answer is that it really depends on your level and seniority, but entry level positions run the gambit depending on the firm and the line of accounting work. I know at a big four accounting firm, they run between 50,000-90,000 depending on the line of work for entry level positions. (You could look this up online on salary websites!) I know that the salaries go up as you go within the big four firms or in industry, so it could be quite a lot if you make partner at a big four accounting firm or in C-level positions in industry.

Hopefully this helps!

Best of luck.

Thanks,

Johan
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Paul’s Answer

The average salary range for an accountant, in the United States, is $54,000 to $96,000 dollars per year.
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Michelle’s Answer

Hello, Amanda !

If you are thinking about becoming an account, that is wonderful. You may want to consider choosing this career because you are passionate about numbers, an ace at math and like working independently or at various businesses. To survey salaries before you even start working in a career can be unusual because every company or opportunity will present with a different salary. There are websites that have general statistics of salaries for mostly all types of work. These estimates are just that - the previous years estimates, so you will see different salaries at the time you are ready to enter the career and as Chih Lu advises, it will takes years of education and experience so it is better to check with companies for salaries at the time you are applying for jobs.

If you want to base a career choice solely on the salary, I would suggest that you can always call the local companies that use accountants and ask their Human Resources Departments what the current salary is that the company offers. Make a list of the companies and salaries. Check back with those same companies when you are ready to start applying for work. This way, you'll have the current information from the specific companies because that's who will be offering you a salary.

If you base choosing a career on salary, make sure it is the type of work that you excel at and love very much. You can also look on various employment websites. Look at the ads for accountants and see how much the companies in your area are offering now. Also read about other areas to get a broader idea of salaries.

I hope that this has helped you and I wish you all the best !
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James Constantine’s Answer

Hello Amanda,

Accounting Salary Overview

The salary for accounting can vary based on several factors such as location, experience, education, and the specific role within the accounting field. According to the U.S. Bureau of Labor Statistics (BLS), as of May 2020, the median annual wage for accountants and auditors was $73,560. The lowest 10 percent earned less than $45,220, and the highest 10 percent earned more than $128,680.

Factors Affecting Accounting Salaries

Location: The salary for accounting can differ significantly based on the location. For example, accountants in metropolitan areas or financial centers may command higher salaries compared to those in rural areas.

Experience: Generally, as accountants gain more experience in their field, their earning potential increases. Entry-level positions may offer lower salaries compared to mid-level or senior roles.

Education: A higher level of education such as a master’s degree or professional certifications like Certified Public Accountant (CPA) can lead to higher earning potential in the accounting field.

Industry and Company Size: The industry in which an accountant works and the size of the company can also impact salary levels. For instance, accountants working in finance or corporate sectors may earn more than those in non-profit organizations.

Specialization: Specialized roles within accounting such as forensic accounting, tax accounting, or management accounting may offer different salary ranges based on demand and expertise required.

Entry-Level Accounting Salaries

For individuals entering the accounting field with a high school diploma or equivalent education, entry-level positions such as bookkeeping or accounting clerk roles may offer salaries at the lower end of the spectrum. These positions typically provide opportunities for individuals to gain practical experience and potentially advance within the field.

Mid-Level Accounting Salaries

With a bachelor’s degree in accounting or a related field, individuals can qualify for mid-level positions such as staff accountant or financial analyst. The median salary for these roles is often higher than entry-level positions and can range based on the factors mentioned earlier.

Senior-Level Accounting Salaries

As accountants progress in their careers and attain additional qualifications such as a CPA license or a master’s degree, they become eligible for senior-level roles such as senior accountant, controller, or finance manager. These positions generally offer higher salaries due to increased responsibilities and expertise required.

Top 3 Authoritative Sources Used:

U.S. Bureau of Labor Statistics (BLS): The BLS provides comprehensive data on employment, wages, and occupational outlook for various professions including accountants and auditors. It is a reliable source for understanding national salary trends and employment statistics.

Professional Accounting Organizations: Organizations such as the American Institute of CPAs (AICPA) and Institute of Management Accountants (IMA) often conduct salary surveys and publish reports on compensation trends within the accounting profession. These sources offer valuable insights into industry-specific salary information.

Salary Surveys by Recruiting Firms: Leading recruiting firms like Robert Half and PwC regularly release salary guides and surveys specific to the accounting and finance industry. These surveys provide detailed information on compensation levels across different job roles and regions.

These sources were utilized to ensure that the information provided is accurate, up-to-date, and reflective of industry standards.

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Trevor’s Answer

https://www.indeed.com/career/accountant/salaries
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