![]() ![]() Department of Labor (DOL), and the DOL's Employment & Training Administration.įocusing your long-term career planning on areas that expect to see higher-than-average job growth may boost your overall prospects. Projections Central is a cooperative project of the BLS, the U.S. Actual demand for accounting managers may be higher or lower, depending on location and other factors.įor instance, the Projections Central data summarized below shows that certain states expect much stronger accounting job growth. It is not specific to accounting managers. Note that the data presented below is generalized for accountants and auditors. On the whole, it predicts that nationwide demand for accountants and auditors will keep pace with growth trends for all professions. The BLS projects a steady near-term outlook for accounting professionals. Source: BLS Where Should I Work as an Accounting Manager? Washington-Arlington-Alexandria, DC-VA-MD-WV Source: BLS Top-Paying Metropolitan Areas for Accountants and Auditors, May 2021 Metropolitan Area Number of Accountants and Auditors Employed Top-Paying States for Accountants and Auditors, May 2021 State The data presented below is generalized for all accountants and is not specific to accounting managers. Bureau of Labor Statistics (BLS) includes accounting managers in its general "accountants and auditors" category. The opposite is true in job markets where many qualified people are competing for a limited amount of openings. If demand for accounting managers is high in a particular area or industry and there are few qualified candidates, salaries tend to rise. Labor market dynamics are another key factor. However, those higher living costs can often offset salary gains. Accounting professionals tend to earn more in places with higher living costs. When asking "How much do accounting managers make?" people may not realize that the answer can vary widely depending on job location. ![]() What are the top entry-level jobs in accounting? Salary by Location The following chart summarizes education's overall impact on an accountant's earning potential: To that end, a master's degree in accounting or a concentrated MBA in accounting may boost your chances of landing a management position. However, many employers prefer people with master's degrees when filling openings at the management level. This is true of CPAs, certified management accountants (CMAs), and other specializations. Many common accounting credentials require candidates to hold only a bachelor's degree. Continued education leads in part to that increase many accounting managers hold master's degrees in accounting, or professional degrees like an MBA. The 7.6% difference between these average salary levels adds up over time. Payscale data from August 2022 for certified public accountants (CPAs) reports an average CPA salary of about $70,990 annually. ![]() Salary ranges allow for differences among positions within the same grade as well increasing levels of responsibility and performance within the same job.Payscale data indicates that accounting managers earn more on average than accounting professionals in non-management roles. Salary ranges within each pay grade are based on qualifications, skills, experience, equity in comparison to similar positions, and external market values. These jobs have been determined to be eligible for overtime pay under the Fair Labor Standards Act (FLSA). Service and trade roles are classified in job grades 01-43. Generic position descriptions for each grade are available. Benchmarks are developed by the Harvard Human Resources Compensation and local HR offices, with a position’s grade reflecting factors such as scope and impact of decision-making, budget management and resource generation, supervisory/management responsibility and planning.Ĭlerical and technical positions: Clerical and technical jobs, including HUCTW staff, are classified in job grades 47-56. Local HR offices administer the compensation system for employees in their units, evaluating jobs and determining the grade of each position based on professional knowledge, skills, required education and experience and job responsibilities Harvard benchmarks and the complexity and scope relative to other University positions.Īdministrative and professional positions: Every professional, nonunion position is classified by a job grade from 55-64. ![]()
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