How Much Do Accountants Really Make??? | Average Accounting Salaries |
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- เผยแพร่เมื่อ 15 พ.ย. 2017
- Hi guys and welcome back to my channel! I've had sooo many questions about how much I make and what average salaries are for accountants. So I decided to finally make a video about it. Hope you enjoy!
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My daughter did a $10 an hour internship in a private firm for her jr and sr year but it also counted as credits for her so it was a double blessing. The experience she earned at the internship landed here in the $55K-$60K range for her job in TN. She acquired a job within one month of being out of school. I would encourage anyone to ensure they do an internship because this gave her experience but also if you can't find full-time work seek out work through Accountemps for contract work if there is one in your city.
Donna's Journey £240 a day
@@jumpshotpharaoh5823 is this per annum
Thank you for the advice🙏🏽💕
Thank you
Thank u so much
I know 2 accountants in their 50s, they have an consulting firm and they have workers too. They have over 300 customers per month and are charging each customer from 300 to 500$. This was just for one month. They do other things as well. If you really like this job, get as much experience as possible and open your own consulting firm over this. Accountant jobs won’t die
What about the automation
@@rishavsaha480 Accounting is mostly Interpretation and consulting. Most of the stuff we do in class like balance sheets and income statements are automated, we learn them so we can interpret them and find ways to accomplish our client's goal like max income or low income when unions try to shake down companies. Accountants interpret the numbers and advice their clients. As for newbies they do grunt work when it's auditing or tax-related.
I had no experience. I have worked for a year now as a staff accountant and make 53,000 a year. I live in Irving, TX
Oh okay, looks like salaries are pretty similar there.
I have no experiences as well and about to graduate, how did you get your first job?
Did you get an associates or something
Delirium88 Gaming i
@@SaraMarie how hard is it to get a job without a single drop in experience? Also how crazy are the normal hours? 10 hours a day average?
me: *takes two accounting classes*
my bf: ... you’re doing our taxes
benzo boi Loooool
benzo boi THAT IS MY PARENTS
My tax class fucking sucked lol
😂😂
still your bf? lol
Thank you for the point you made about the entry level salary. I had a position that paid less than $18/hr that included a fair amount of accounting functions.
Thank you for this video! This is great motivation for me!
This is such a great video for accounting students! I'm way behind, but this really depends on where you live too. In smaller areas $12 an hour for an intern is incredibly normal, especially since interns usually don't work full time. That's what I made as a tax intern working 30 hours an week in the spring, and I know others who did unpaid internships. I started in a small firm making $38k a year, made $52k in Kansas city as a tax staff, and now make $53k as an audit staff in a smaller city. Just wanted to share my experience!
Grazie. I really appreciate the information and you taking the time out to break down your on job experience and facts on the numbers.
My experience with Big 4 public accounting firms:
Internship in NYC summer 2016 - $27.50/hour
Full time starting salary (Audit Associate) in NYC/San Francisco fall 2017 - $60,000
Full time in other cities varies from $55,000 - $60,000
Thanks for sharing your experience! I always love hearing other peoples experience with internships and full-time positions in other cities. :)
was this after Bachelor or mast or CPA and did your GPA impacted it?
The internship was after BS in accounting, full time offer was contingent upon being CPA eligible (150 credit hours of school, I chose to get my masters in accounting). GPA/education level does not affect starting salary in big 4, just the city you're in (for people fresh out of school, if you're an experienced hire that's a different story). So everybody in my starting class has the same salary. I hope this answers your question, and let me know if you have any others!
Yeah, big 4 audit in CA checking in. Nice to see an accurate range compared to watching the vid (stopped watching after 45k-65k breakout where she said public was 45-49 lol). 48 is accurate for Utah or a small Midwest market, otherwise public outpays private most of the time. Tempted to create my own videos with actual examples lol
Kubilay Muz I went through recruiting in the fall for an internship the following summer.
Thank you very much for uploading this video!
I like accounting. I am an accountant. It can be difficult at first but i think its learning the rules and the process. Then it gets really easy actually but can be tedious. What helps me is writing down a step by step process and keeping it handy for reference. The major thing with accounting is having the steps and the process. The most important thing is organization and just following the steps from beginning to end.
I do the same thing! When I learn something new I write down detailed instructions that way when I do it the following quarter I have everything I need to do it
John, the math in introductory accounting courses is pretty easy, in fact, most of the math in accounting is easy. It’s simple addition, subtraction, multiplication, division, and “algebra”. I put algebra in quotes because it’s SUPER easy algebra. Ex: if total sales were $10,000, and earnings before interest and tax was $6,000, what was cost of goods sold.
The difficulties people run into in accounting are all the rules, and processes. Accounting is SUPER conceptual. Math is the easy part, trust me. You’re given a bunch of info, and you’re expected to put the pieces together. If you are good at “puzzle” type games and ideas, you should be good with accounting.
Something the helped me and I still use is.... DC-ADE-LER
D: debit
C: credit
A: assets
D: draw
E: expenses
L: liability
E: equity
R: revenue
This may not make sense yet, but it will when you start to talk about debits and credits. I suggest you find some sort of acronym that helps you remember this because without this simple concept, you’ll never pass an accounting class.
Good luck, you got this.
@@Alan_83 Thank you!! Just started an accounting class and this break down is super helpful!
Wow! I made $6.25 am hour my 1st job! Lol but that was at mcd's. & I was forced to move out at 15 b/c my mom refused to take care of me! So I'm 28 now, and just now financially able to go to college. .
Right out of college, I got a staff accountant ("accounting specialist") position doing portfolio accounting at a fintech company in Atlanta and the starting pay was $50,000. I've had previous work experience and internships; however, that was their base pay for new grad positions.
Good video! Besides location and a summer internship, the highest paying entry-level staff accounting jobs will often go to the best students. Accounting is one of those fields in which having a high GPA out of college can truly boost your starting salary to the high end of that 45k-65k range.
Start at rowan and couldnt be anymore excited to get into this field, it may be rough but I know its worth it
This is so helpful!! Thanks!
Good info, but I wanted to chime in on the public accounting salaries for starting staff- coming from someone who works at one- starting salaries are no less than $56-58k including bonuses, in Houston (this is a global firm, not sure about smaller, regional firms) and once you get to your second busy season you are looking at 60k onwards, and seniors, etc 65k +
Thanks for sharing! Salaries definitely vary by location and by firm.
Helena Jean mannnnnnnnn fuck Houston
As a first year intern (sophomore) at a Big 4 Firm I make about $22/hour in Seattle, WA. 1st year associates have told me they start out around $65,000 depending on your practice, tax can make about 10k more
Sounds about right! Thanks for sharing!
Adrian Spencer omg
I realize this is an older video, but very helpful! Thank you for sharing your experience!
3:25 that’s a good reality pay check 💰
I’m thinking of doing a magnet program in business for accounting in high school, but I don’t know how hard it is. Is it hard or is it pretty easy? I would love an answer ❤️❤️
Thanks Sara 🙂. I'm resuming school and this helps. I'm in CT, we normally make more than most states.
It 100% depends on where you live. In my experience where i live you can most likely expect to not be payed at all for internships (I was not payed and only know 1 friend that was payed for her internship) and as for pay upon graduation the most a starting staff accountant can hope to be payed is about 12 bucks an hour average would be about 10 and for lowest it would be min wage.
Internships are easy enough to come by at all times and jobs a little bit less so depends on the season of the year. I am a public accountant currently unemployed because i am concentrated on the cpa exams and am half way through them.
Interesting. If you don’t mind me asking, where do you live?
In school my professors told us not to take an internship unless it was paid. It was very common in Illinois.
Thanks for sharing your experience 😊
Sara Marie I live in Puerto Rico it is a US territory my accounting license is only valid for PR but if i aquire my CPA license (Which is what i am currently in the process of doing) it is the same as it is in all of the US and can be used to work in any state.
Puerto Rico has the lowest average income of all of the states and territories of the US this is why the pay seems so low to you but cost of life is also much lower here (over twice as low).
Here is a link to all the states average income and you can see PR is at the bottom.
en.wikipedia.org/wiki/List_of_U.S._states_by_income?wprov=sfla1
But university is free for everyone in Puerto Rico which is why we have such high graduate numbers that move abroad once they finish their education which is what i plan to do.
I got an undergrad degree in accounting and started in public accounting for a big 4 firm making $44K. I switched to a senior accountant role and was making $63K. Almost 13 years later I am now a director making $125K with a ice bonus package. However I made the switch to finance.
What country?
Vinche Orolfo Untied States. Let me know if you have any other questions or if I could help out.
I find Accounting is the better degree, since you can work in Finance with an Accounting degree. I don't have a CPA, but I have an MBA and I worked for a Big 4 firm. CPA is great to get. I would absolutely try your best to get a CPA. I switched from a Senior accountant position to a financial analyst position. Than I got a job as a finance manager. People really do value Accounting backgrounds...even in Finance.
@@oshahid1983 wow thanks so much Im going to school in January and I have the option after 1st year to either major in accounting or financial planning. I'm just afraid that when I graduate (2025) that A.I will have taken most accounting jobs or AI will have disrupted accountants by then?
Omar Shahid what where your hours as financial analyst and as director now? Also how many years of public audit exp did you do?
I am also doing my CPA and have passed AUD recently. I am 23 yrs master graduate so i dont have much experience in accounting field as of yet, considering i am actually working in a corporate bank not related to accounting... my question is once i pass all 4 parts of cpa exam, do you think just because i am not yet officially licensed (since i will need 1yr of experience somewhere else), i will get lower pay than an actual licensed CPA would get when searching for new jobs?
Love how informative and precise your videos are ❤👍 It frustrates me when I watch other TH-camrs. I'm over here like "Get to the point people" lol
Glad to hear!! And I totally agree!!
Thank you for the videos. Enjoy your insights. Question I know as a accountant you have to attend conferences. How do you find out about them and which ones to go too?
Your question was selected for the part 6 video! Make sure to check it out on tomorrow!
Got my BBA and MAcc. Not a CPA. Had a Spring internship in tax. Living in somewhat wealthy North Atlanta, GA. I make 56k as tax staff.
Thanks for sharing your experience 😊
Kristen I need your help with accounting
are you considering taking CPA?
I'm a non traditional student (28, married, 2 kids) back in school getting my accounting degree planning to work on public accounting. My background is in full commission sales which is a great skill set, how would you suggest that I position myself to future accounting employers? For example, not only can I do the accounting work but I can also close "sales" and bring in new clients. Thanks to all who respond!!
If you want to "close sales" and bring in clients then you should work for an accounting firm where you will have clients that you must work for etc and eventually start your own accounting consulting business!
You may want to consider bookkeeping from home since you know sales and marketing. Bookkeeping Life on You Tube has great videos on the topic.
Did you start at a community college? I have the option of doing associates degree in accounting or associates business transfer then bachelors of accounting at university level. What route did you take?
Your question was selected for the part 9 video! Make sure to check it out on on Thursday!
@@SaraMarie what is the name of the video?
thank you for this helpful video...
Salary is not bad
My father was an accountant
He did everything without a computer though in those days
Im trying to get a degree in accounting
I feel if he did it i can do it
Your videos are really informative! 😀
Thank you!!
I’m 11 (England) and I’m curious about how different it will be and what to look f for as an accountant in the future
Hi, very informative vid. Thanks. do you happen to know what the salary range would be for federal government agencies?
I don’t 😕 sorry!
Thanks, it was really interesting. I live in Moscow, Russia. So, here middle salaries are between 700-1000$ in month. If you got an education and experience about 2-5 years you can get a promotion and make 1000-1200$ and, its all( And its really sad.
Is school part of accounting harder than the actual job?
@Nihar Shastri is all the work worth the pay
That's what I've heard from my accounting friends
I’m really considering doing accounting. I didn’t enjoy it in school but every career assessment I take shows that my interest and skill set would be great for it! But everywhere I’ve looked they want you to have some experience. Is it possible to get into accounting with no experience and a Bachelors in Business Admin (Not Accounting)?
Go through a temp agency. I don’t have a degree in accounting but I started off as an accounting technician (with no experience) with the state (temp to hire work) in 2017. I left with AP and AR knowledge. When I left the State after 3 years, I’ve worked multiple temp jobs and learned Purchasing, Payroll and a small amount of HR. I made a lot of connections with these places with management and recently was contacted for a permanent AP job with a starting salary of $65k/yr by an old manager. So it is possible! Temp jobs and networking helped for me!
For those sophomore/junior accounting majors:
I have an internship this Spring at a mid-tier in Nashville, TN. I received several offers ($22-$26/ hour).
Applied as a junior for Summer Leadership events with several firms. 3.6 GPA. 1 year (nonaccounting related) work experience. Leadership role in an accounting club. Member of 3 other accounting clubs. Volunteer experience. Did well in informal-ish interviews and was selected. Networked while having fun and got offers from all summer leadership events I attended. Hotel, flight, and food were all paid for.
My tips: apply to as many summer leadership events as possible, and do well at the events! That way, you are offered an internship for the upcoming Spring/Summer and can skip fall recruitment (Meet The Firms).
Thx for all information 👍 Ms Sarah.
How much an acca earn in canada... Like an avarage salary expected.. For an intern acca or a complete acca
I think the big 4 starting salary is 55k in NYC but that was 10 years ago. Correct me if I'm wrong. I wouldn't be surprised that it's 70k+ starting now
Hi Sara. Thank you for your informative videos. I have a few questions that I hope you can help me to answer them. I’m pursuing Accounting degree, I am not a English speaker, and I am an introverter. Do you think that it will be a big issue when I come to work? If I do the intership, when is a good time to start (for example we need to at least finish what classes?). Thank you in advance.
Your question was selected for the part 6 video! Make sure to check it out on tomorrow
Hello How are you, what's a actual daily officework for a accountant
i’m a senior in highschool currently but looking for places to go to school to become an accountant!! eventually i want to be a CPA
Where did you do your undergraduation?
I currently have an internship and mines is $18/hour (CAD) and most of the people in my same program who are working at the larger firms like BDO and Grant Thorton are making around $20/hour.
I just landed a $15/hr Accounting Assistant position! (i have no prior experience). And this is my first year into my Accounting major. I’m so happy i thought i completely BOMBED the interview LOL
Is that with CPA ?
I graduated with a degree in Sociology a few years ago but have decided to pursue accounting. Do you know if i have to get a master’s in accounting to get into a firm or can I just get an accounting certificate designed for people to sit for the CPA and get my license and hope to get hired that way?
Most firms want you to be “eligible to sit” for the CPA exam. Definitely speak to a counselor and figure out what credits you’d need to sit. In my experience most firms don’t care so much about the degrees you have, just as long as you have the credits to sit. Hope that helps 😊
I enjoyed this video! Question: How would you go about negotiating a higher paid internship if the one that offered you one plans to pay you $12/hr?
When I applied for internships I applied to a TON! After all my interviews I had four or so that offered me positions. Some offered around $14 and others offered over $20. I never had to negotiate because the place I really wanted to internship at was the highest offer. However, if it was me, and I had other offers, I would just explain that I have multiple offers and that I would love to intern with their company but I was offered more somewhere else. Not sure that's the "correct" way but if a place really wants you, they'll make it work.
Okay, got it! And dang, I hope I get hit with that fortune haha. Thanks for the reply and content Sara 👍🏼
It varies a lot of experiences, background and location. I was in a Master's Program for Accounting. I ended up leaving, but I still have contacts. A few of my friends are coming to Dallas to work for one of the big 4. They have backgrounds in Finance and Economics. One of my friend has a degree in psychology. They have accepted offers at around $40-45K. One of my friend was offered around $55 K for the big 4 since she has around 10 years of experience in a legal firm. In a private accounting firm, you earn a bit more. My classmate accepted an offer from a tech company for around $70k. He has about 5 years of accounting experience.
Hi I've worked in the medical field for about 9 years. Have always had a skill with money and budgeting and whatnot. I'd like to get started in accounting. What education would you reccomend? I see Penn Foster has a book keeping certification program.
Most community colleges offer associates degree in accounting which you can earn in 2 years. Once you have that, transfer to a state college and get your BA in accounting which would take another 2 years.
How to get into accounting major? how many classes you have to take? could you provide where i can find these things
You could get paid less in public accounting comparing with private accounting. However, you will learn so much more in public accounting than in private accounting.
I started at 57k with a 3k bonus in Nebraska. My internship before that was $18/hr
The biggest difference is where you live. Living in Florida, a small rural area, starts you with a BA at about $41,000-$52,000. CPA non-partner is generally around $65,000-$70,000. Partners generate about $180,000-$250,000 distributions/payroll. You can go about 2.5 hours away to Orlando or Tampa and start at about $50,000-$60,000.
Thanks for sharing your experience! I definitely agree- location is everything!
In and around Philadelphia Internship $20-25 during your undergrad with starting off as an associate 50-55,000, contingent on earning your CPA within 2 years. Moved home which is Northeastern PA (Scranton Area) and starting salary for an associate 30,000 - 35,000 in public accounting firm. Saw both in the same year. Do you have your CPA?
Interesting! I’m working on it now! I’ll definitely do an updated video once I’m officially a CPA
is there anyway I can talk to someone about accounting and beginning. I'm a freshman in college
Go ahead and leave me any questions you have here. I will try to get back to you as soon as possible.
Sara Marie where were you as a freshman in college , did u know what field in accounting you wanted to pursue ? Did u just go along with ur core classes ? I’m a freshman and trying to find that comfort zone . Any tips ?
I actually took an accounting course in high school and realized my senior year that I wanted to major in accounting. I would suggest taking financial accounting and seeing if you like it. That class made me fall in love with accounting. Hope that helps!
Hey, im a current graduate student majoring in accounting. I just finished my undergrad this past summer.
Your first few accounting classes should give you a pretty good idea of if you like accounting or not. But don’t worry about choosing a particular field as a freshman. Your later accounting classes (intermediate, advanced, tax, audit) will likely influence your final choice alot.
Also i realize you posted this 8 months ago so sorry if this is a little late 😅
Sara Marie that is what i am thinking of doing. My school has accounting internships for high school and i am gonna talk to my councilor about it
Hi love your pwm videos! Wanted to ask where you got you pilot g2’s with the 0.38 point?
Paula Rivera thanks girl! They’re from Office Max. I️ had a really hard time finding them but I️ think most larger supplies store should have them.
Sara Marie thanks will check them out 🙂
What classes did you take in order to get that accounting internship for $18 an hour? You said you were a sophomore. Can I get an internship with just financial and managerial accounting? I haven't taken cost, intermediate I or II yet.
At that time, all I had under my belt was financial and managerial accounting. I think it's definitely possible to get an internship with only those courses, mostly because if I can do it anyone can. I honestly still don't know how I was able to score it but I think attending internships/career fairs helped a ton! I was extremely involved in clubs as well. Hope that helps!
Thanks for replying! I have a pretty high GPA and I tutor in financial & managerial accounting so that should help. I just haven't taken an excel class yet.
Here is the question I'm interested in. How much did your wedding cost? Did you get everything you wanted in your wedding?
I actually did a video on the costs of my wedding! Make sure to go check it out!
I'm 12 and want to learn so what about Canada? How much is it for you guys.
I currently have a bachelors in Business. I wanna pursue my masters in Accounting. Is that possible? I currently work as a financial administrator, i’ve gained some experiences but i wanna know if it’s worth me getting the masters.
I would speak to a counselor at the school you plan to attend. In my experience, most of my accounting knowledge was learned in my bachelors degree.
Thank you for your videos, they are great. Just wondering, I haven't run across any comment about this yet. Did you go to school in the summers? When you participated in this internship were you responsible for any other coursework, did you take other classes etc?
Great question! Yes, I did summer school two out of my three summers during college. During the 2nd summer I worked full time at my internship and took two classes. I was extremely aggressive with school and actually graduated in 3 1/2 years. Looking back, I wish I would have had a little more fun but it saved me a lot of money so I don't know.
Thank you for answering! I am trying to determine how aggressive I can be. I don't have a job right now so I am wondering if I can handle two other classes with intermediate accounting during the summer. I think it is possible, the Intermediate Accounting class is 8 weeks but the others are four and four, so I will only be taking two at a time. Hmmm, unsure. Happy to have stumbled across your channel and glad to see such a go-getter! I am back at school to get an accounting degree after working without one for many years. Look forward to seeing more.
Are these salaries for BA degree accountants
Do you need to go to university to be an accountant
I'm about to finish up my certification for accounting what a good position to start at.. I also have my business management degree ..
What are you interested in? There are so many possibilities!
I think it is best to start in public accounting doing tax returns Individual 1040s and corporate returns. Then also work in industry to learn about systems and daily/monthly work. Cpa firm experience gives you the most bredth and experience because it is from start to finish.
@@SaraMarie i like to start with workbooks or reconciliation hopefully with experience i can do actuary
I graduated with an Engineering degree, making 80K/year right out of school. I want to go back to school to get my Macc, then CPA. I'm willing to take a pay cut because I like accounting. Is it worth it? Please let me know. Thanks
At the end of the day, you want to do things you like. CPA is a great career for you if you like accounting. It could be challenging at the beginning. Don’t give up!
Accountants in public service i.e. federal government tend to make more than accountants in the private sector. There are accountants in the federal government that make 80k-90k and the position is non-supervisory. Granted that is with a few years of experience under your belt. I’ve seen some non-supervisory accountants that make over 100k.
Hello Sara, just out of curiosity, what university did you graduate from? Did the big 4 recruit at your school? I'm asking because the big 4 doesn't recruit at my school. So I'm afraid that I won't be able to get a job fresh out of school because of that. I would appreciate it very much if you can answer my question. And keep up the good work! It is very helpful! :)
Your question was selected for the part 6 video! Make sure to check it out on tomorrow!
How much is the tuition fee for Accounting degree in Illinois?
At Illinois I spent roughly $20,000 for tuition and room and board at ISU. That was 10 years ago so I’m sure it’s much higher now
what about cpas ?
Dumb question... Is this with a bachelors or masters?
Wow! These figures are high compared to the UK. An ICAEW Chartered Accountant can expect to make £90k (about $117k) with 6-9 years’ post qualification experience and usually someone earning that salary is working as a group financial controller in a large company or a finance director in a company with £100m turnover. Graduates usually make around £25k ($32.5k). On qualification as a chartered accountant, you can expect between £40k-£50k ($52k-$65k).
What is like the beginning accounting position? Clerk? Staff accountant?
In my experience, it’s staff accountant
Hey Sara! I currently finished my general associates degree and am starting my bachelors in accounting next week. I currently work 40 hours a week and plan to attend school full time. Do you have any recommendations on getting more experience when internships won't fit in your day to day schedule? Although, I have been with my current employer for almost 4 years and intend to grow with them. Thanks!
Hi Andrew! That's a tough situation! Unfortunately I don't have any suggestions but one thing you could do is quit your job and get an internship? If you plan to stay with your current company for a while I wouldn't worry so much about the internship experience though. Hope that helps!
Sara Marie Thank you for your response. I think I will be better off sticking where I'm at. It has great perks and I've already started contributing for retirement at the age of 24. I've been doing a lot of office training--including purchasing and budget type work. So, I think this is the best way to start. I appreciate you're honest feedback and your videos. Keep up the hard work!!
Hey Andrew, my school had alternatives to internships called co-ops, which is a job that relates to accounting. I was able to get 6 credit hours from this, all while working full time and going to school full time. Best of luck!
Try getting an Accounting Assistant position! they pay a little higher than internships!
Internships are not really needed, although beneficial! I’m sure you’ll be fine
Would having a minor in criminal justice (for forensic accounting) be worth doing, or a waste of time?
Can you talk about what life is like as an accountant? How much time do you have to be at home. With friends and family? Is your job overwhelming?
Great question! I'm going to put up a "day in the life" on Thursday that will hopefully answer some of those questions!
It depends on the employer. You can work for the government as an auditor and do a regular 40 hour daytime work week and never do a single hour beyond that.
Hello Sara; I have one more year to graduate; Accounting major. I have couple questions I hope you can help me out.
What skill should I improve when I am still at school (excel? Access? SAP?)
what is that the recruiter expect from interviewee? (according to your experience)
Career path: should I go for CPA or CIA?
Thank you Sara; I wish you health and progress in whatever you are aiming.
Your question was selected for the part 9 video! Make sure to check it out on on Thursday!
I just landed a $15/hr Accounting Assistant position! (i have no prior experience). And this is my first year into my Accounting major. I’m so happy i thought i completely BOMBED the interview LOL.
I work in Banking at 25/hr and I havent even finished my degree so I agree 12/hr is way to low. Thats a slap in the face actually. My salary plus the opprtunity for quarterly bonuses that can reach upwards of 3k every 3 months is why my biggest fear is that I would reach a point after graduating where I have to take a pay cut i. Switching over to accounting. Im hoping that banking will only help my resume and not have me starting like a fresh graduate with no work experience.
I think it all depends on the business but I got to a point where I wouldn't even consider a offer if it was under what I was making before. Of course the more experience you have, the more negotiating power you have.
Lol actually, I ended up dropping out of College and going to get my CDL. I was already sick of the corporate/suit and tie office setting. I did my research and decided my goal is to own my own Trucking Fleet.
Working in Chicago, these numbers make sense. Move to a smaller town like Birmingham (I was there 3.5 years), and these numbers seem a bit inflated.
I worked for a private company in the internal audit group for 3 years before moving into private accounting. I’ve had a 48% pay increase over the last 5 years. But most of this came from factors outside of my control or leaving and accepting new positions with different companies.
Remember... most companies give small annual raises, so the lower you start off at, the harder it is to grow your salary without leaving for new positions.
Interesting to hear your experience. My salary has grown by 20% in the past 5 years and that excludes my MBA and CPA affecting my salary. So I think it also depends on the company
During what year in the 4 years in college should you begin your intership process?
Your question was selected for the part 9 video! Make sure to check it out on on Thursday!
Sara Marie I am confuse when you say part 9 of your video. How I do to see the actual video
Junior year or 2 years when your graduating in the summer.
Background: Economics Major
Accounting experience: 2.5 years in my career (in school to get an accounting certificate so I can sit for the CPA next year)
Junior Accountant (hoping to get promoted to Senior Accountant) and I make $65,000 per year. I live in The Bay Area.
I think it depends on work ethic, where you live, licenses and experience. My CFO doesn’t have a Master’s , MBA or a CPA. Her work ethic shaped her career. Glad I found your channel. Trying to figure a schedule for next year once I start my CPA journey.
What college did you attend, I am also from Illinois!
I went to Illinois State and I loved their accounting program!
Sara Marie I live in Normal!
how to find a volunteer job in USA?
idk id feel like i was limiting myself if i did accounting - how could i progress in the jobfield?
Hi Sara, I just found your channel and I enjoy your videos! I'm an accounting student in the state of Utah. What state do you live in?? These numbers seem too good to be true, at least for an accounting job in Utah.. Thank you!
I live in Illinois. What are average salaries in Utah? I feel like what I've seen is because I live close to Chicago which has an extremely high cost of living
Sara Marie that could be it. Accountant median salary in Utah is about $59,000.
Definitely! Oh okay that's not bad.
I'm in UT as well and looking to go into accounting. Cost if living in SLC is higher than a lot of surrounding areas (Bountiful, Murray, Tooele, etc), do you think the pay rate reflects that?
thanks
(If anyone else can answer this I would be really grateful!)
What did you do for money while you were still in school? How did you pay for school? Was it difficult to have a job and go to school at the same time?
The thing that im worried about the most is wasting 5 years of my life at school and not get a good job that pays me well. Or what I will be doing in those 5 years to support myself and my family.
This is gonna sound ridiculous but right now I'm studying Web and Graphic design and i say ridiculous because I'm suddenly thinking of switching to accounting a completely different major... Its been 3 years since i graduated from highschool and ive fallen into depression and ended up not getting my associates degree in Web&Graphic design. I just didnt feel confident enough to be creative enough for this job or actually find a job here in Arizona. I'm just really really worried. I just really want a job that will pay well enough to support myself and my parents and give me time to spend with them as well. But 5 years is a lot especially since i waste 3 years in web and graphic design. I'll be 26 by that time and my parents will be 55 and 57.
I guess my biggest problem is worrying? I guess i just want reassurance bc idk what job is good for me. I chose Web&Graphic design cause I didn't hate it. But its not something I love. I used to love drawing but my HS ap studio art class kind of made me hate it. And the college made me stress even more. And now I can't open a laptop without getting that anxious feeling of turning in things on time or if I'm on the right track. I avoid using my laptop as much as possible now.
I know this question is old but I hope you found what you are looking for with the pay that fits your needs! I started off going through a temp agency looking for data entry positions and was assigned to a state agency working as an accounting technician. I had NO experience in accounting and I don’t have a degree. I decided to work the job anyways and it ended up being a temp to hire position. I was there for three years and moved on from that position because the pay wasn’t as great which was like $21/hr. I needed more since I also have a big family. I went through Robert Half’s staffing agency and was assigned to several different accounting jobs. I made a lot of connections where I could network with. I learned new things as well. My resume looks really good with having Accounts Payable, Accounts Receivable, Payroll, small amount of HR, Purchasing. I’ve been hired at several different full time accounting jobs through indeed. I recently am moving on to another position where one of my old managers from a temp job that I had two years ago, contacted me to work for her making $65k/yr. Thats the most money I would had made in my life without working two jobs that I can support my family. I suggest starting off in a temp agency, have a little data entry, if you need help with typing speed you could also practice to get your skills up. Networking is a plus, make good connections where you go. You’ll have good references and sometimes can make long term friends who can let you know who is hiring or can get you in a place by vouching for you. I hope this helps!
Sara, I have been working as an accounting assistant and it’s soooo much to do. Please give me some advices on prioritizing and time managing tips!! I feel like I’m always behind on everything and there’s so much to do /:
I had a bachelor in a different major and now I’m switching to accounting bc I like it.
Thank you in advance
pinkie09999 how do you like accounting??
roby ayala I like it but it’s a lot :)
@@pinkie09999 Would you recommend taking accounting in community college first?
Would it be enough to get a job with that degree?
deltaboy2011 yeah you can take it in a community college to see how you like it first. However, if you want to be an accountant, especially CPA later on you must get a masters. Hope that helps!
Hey how are you doing ? Are you still an accountant?
Can you tell us if your GPA impacted your salary and is this after Bachelor or CPA or Grade school?
Honestly I don't think it affected it much. But I think it depends on the company
@@SaraMarie hi can you give advice for a Filipino CPA who wants to work in America..thanks
@@SaraMarie in my country a typical newly-passed CPA earns 300 dollars a month...
I'm only making 44-45k at a small accounting firm. I live in an area where cost of living is below average. I passed the cpa less than a month ago. 4 years experience, but this is pretty much a dead-end job unfortunately. Time to update my resume and look elsewhere.
I’m from saudi arabia.. I’m accountant and i work 10 hours a day and my salary 16000$ per year !
Thanks for sharing!
What did you major in? Are you a CPA?
Depends where. I got an accountant who has a master degree and has experience in investing. She has worked with Lehman Brothers and Morgan Stanley also AARP. She currently collects rents of 128 buildings. Her salary is $4000 a week, she has the option of getting a free apartment with 40 days of vacation. No insurance or anything of that. Just the money and deal with it.
Her duties are collect rents and issue a receipt. If a tenant needs a fix in their apartment then she calls the superintendents. She goes see potential new tenants and makes them sign a lease. She acts as a representative of the landlord in all documents even in court. She can apply with the companys lawyer to start an eviction process. She currently has a car that the landlord has given her to move between the 5 office buildings. She and the senior superintendent are the right hand of the landlord.
It's 9 hours from Saturday to Wednesday. Days off are Thursday and Friday. Because people feel paying their rents on weekends and asking for fixes also.
Dear, CPA vs CFA, which one is more valuable?
CPA
My experience:
Internship with Pwc in their advisory practice (Acct major) in LA office - 30.25/hr.
Full time offer- 68000 with signing bonus of 3000. I’m currently A3 and my current salary stands at 80000. Salary wise, industry/private will pay more than public to a recent grad, but career progression wise, public will offer faster promotion and higher salary raises. If you’re willing to work a few busy seasons at public, the opportunities that present themselves after public accounting are countless.
OK, I'm not going to dispute your data in regards to the salaries because that's what you and people you know experienced but I would like to provide my experience as well. I am a Military Veteran and realized I needed an education and in 2006 I received an Associates degree in Accounting from a Junior College in CA. I am originally from Texas and I used my military education benefits to go back to school and get my Bachelors in Business. Unfortunately, I went to University of Phoenix and graduated in 2009. I loved it but certain employers don't. After I graduated, I took additional accounting courses at a traditional school (UH) here in Houston, TX. It took me a while to make more than $50K. It wasn't until 2012 or so, three years after I graduated. I am now 43 years old with no additional education or designations. I have twelve years of experience from my Associates/nine years from my Bachelors and I make $65K as a Senior Accountant. This is the most I have ever made. Do you see a problem with that? Do you think it's my degree or maybe my military background? All I know is I should be at 100K by now but I don't know what to do.
There are many factors that affect salary such as location, education, tenure, certifications, etc. In my experience most senior accounts I know make $80,000+. However, we are only 30 minutes or so away from Chicago so that tends to increase salaries. If I was in your situation I would speak to my employer and see what I needed to do in order to get promoted. Many people decide to get a masters or the CPA designation in order to move up but knowing specifically what your employer is looking for is also key. Again, this is just what I would do.
Thank you for the feedback. I see the salaries and it's worth the discussion but I am also ready to move on if I don't here something good. My Supervisor is the Accounting Manager and sh is only at $70K. She has an MBA but her Bachelor's and Master's are both from Phoenix. The CFO has an MBA from AIU Online but his salary is over 4X what mine is with bonuses. Hopefully your advise works but more than likely, I will be on to the next one. Thanks
M S In most states, most seniors make $60k to $85k. Alnost none make 100k. $70k for a manager is pretty low. Average is about $80k to 120k.
seems like you need to get a new job.
I’m a tax accountant, my first internship was 15.50 then I got a couple offer ranging from 50-60k In houston.
I just landed a $15/hr Accounting Assistant position! (i have no prior experience). And this is my first year into my Accounting major. I’m so happy i thought i completely BOMBED the interview LOL. $15 may not be much but hey i get experience for the field i’m studying for. PLUS i work an amazing 9-5 Monday-Friday which is a dream to me btw. My last job was soo toxic i just quit yesterday after giving my supervisor a taste of my words LOL. But i was making $11 working 330pm-12am Tuesday-Saturday...... So yes i’m very happy and thankful