Your Earning Potential as a CPA

According to the Wall Street Journal, accounting is currently one of the most recession-proof career tracks you can have, and one that will continue to be in demand for decades to come.

The fields of accounting and finance will never go out of style, given the fact that all businesses, regardless of their specific industry or scale, need the services of accountants in their operations. As the world continues its moves towards globalization, the finance industry will be one of those that experience the largest growth.

Having a skilled and well educated CPA in your business is undoubtedly an asset, and as such, they do demand a high salary. But before we get into the nitty-gritty of how much they earn, let’s first try to understand what these brilliant minds really do and why they are paid so handsomely for it.

What Do They Do?

CPA’s are charged with some of the most important tasks in any company, that which relates to managing and verifying all things associated with numbers. These tasks include auditing financial statements, processing tax returns, and everything else that involves accounting procedures. Of the many employees in a company, the CPA has one of the most diverse jobs to be had, as well as the most vital.

Why Become a CPA?

CPA’s are not just confined to a single type of industry; there is work to be found in many varying fields, including entertainment, sports, manufacturing, music and the like. Armed with your license, you can find a job in any field across all states. This also gives you the capacity to create a high yielding contribution to your company by adhering to strict accounting standards that help to keep your business productive.

How Much Can You Earn as a CPA?

Accountants can afford to negotiate a high salary because they are in high demand and perform a critical job, so employers don’t think twice about hiring them.

With a valid license, you can have a hand in determining just how much you will take home at the end of a day’s work. On average, rookie accountants can rake in roughly $35,000 – $45,000 in a year when employed in an established firm, and even an established person in a smaller firm can still earn a minimum of $30,000 per year. If you are a full-fledged CPA, just feel free to add in an additional 10% to that median salary. Not bad, right? It gets even better.

When you move on to become a partner, your pay can almost triple to $150,000 a year, while getting promoted to Chief Financial Officer can bring in upwards of $350,000 a year.

This just goes to show that working with numbers helps to give you the numbers, a fat six digit paycheck to be exact.

AccountingDegree.net can help you narrow down the online accounting degree that is right for your career goals. Whether its CPA courses or starting your education with an AS in accounting online, you’ll have a broad range of programs to research and review.

Leave a Reply

Subscribe: Feed reader - email | Follow: Twitter
Archives