Are you considering a career in accounting? If so, you might be wondering how much accountants make. While the topic of money and salaries can be uncomfortable to discuss, it’s an essential part of our daily lives. In this article, we’ll dive into the average salary for accountants, factors that impact salary numbers, and the future of the accounting industry.
According to USNews, the average accountant salary in the US was $73,560.00 in 2020. However, this number can vary depending on where you reside in the US. The top 5 paying cities for accountants are San Jose, San Francisco, and Salinas in California, New York City, and Midland, Texas.
Several factors impact an accountant’s salary, such as location, education, and experience. Location has two equally affecting factors – local demand for work and cost of living. Education is essential, but more education does not always equal more pay. In the accounting industry, experience is the only source of knowledge, and the industry has many opportunities even with a two-year associate’s degree.
The accounting industry is not going anywhere, and the demand for an accountant who is also a financial advisor is rising. Jobs for accountants are projected to grow by 7% between 2020 and 2030, according to the U.S. Bureau of Labor Statistics.
In conclusion, understanding the salary numbers and the factors that impact them is essential for finding the proper work/life balance. Accounting offers many opportunities, and with time, experience, and education, you can reach your career goals.