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How much money do you make as an accountant?

I am asking because I want to know if accountant would be a good job.
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Blake’s Answer

Hi Thuy,

As Aman stated, www.glassdoor.com is a great resource. Your potential company and the city can alter the salary range quite a bit. An accountant starting in New York City may start at $60,000, while an accountant in a smaller city or rural area may be closer to $50,000.

Most accountants see solid income progression throughout their careers as they become more knowledgeable and more valuable to their clients. Many accountants can end their careers making over $100,000. It is also worthwhile to note that several accountants move on to other career paths in business. Accounting is a great way to be able to learn how companies and business operate, and an accounting degree can help you get several non-accounting jobs later on!
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Aman’s Answer

Starting salaries can range anywhere from 55-65k as an accountant. This varies per location and with qualifications (for example if you come in with a masters in accounting). You can compare salaries on websites like glassdoor.com

There are plenty of opportunities for advancement in accounting as well as perks. These in my opinion should also be taken into account when comparing salaries.
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Kristen’s Answer

The starting salaries for accountants can vary from $55,000 to $70,000, influenced by your geographical location. The accounting field offers significant growth potential, with many professionals seeing their initial salaries double within just 5 to 6 years. Choosing a career in accounting is not just about the attractive salary; it's also about the job security it provides. It's a rewarding career that offers valuable experience, broad exposure, and continuous learning opportunities. It's a wonderful profession to embark on, enriching your knowledge and skills growth.
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Brendon’s Answer

Hi Thuy,


As the others have mentioned, the starting salaries of an Accounting are pretty decent and grow in different ways as you progress through your career. There are some Accounting professions that pay more than others and often times it depends on your position, the industry you are in, and the amount of responsibility and expertise the position requires.


You can start your career in the $40-60K range depending on location, and have it grow to several hundred thousand dollars by the time you retire if you make the right moves toward your end goal. Many CEOs, CFO, CAOs, etc. have started their careers in Accounting and grown their careers over the years. You can also work for a Public Accounting firm, like PwC, and work your way to becoming a Senior Manager or even a Partner! If you get your CPA license, you can also own your own practice and grow that as large as you'd like it to be, which will determine the amount of money you make as well.


A lot of Executive Compensation information is available online for Publicly-traded companies. I suggest doing a Google search for some of the large well-known companies you can think of and seeing what their CEO, CFO, and other Executive's make. I think you'll be happy with what you find. Remember, to get to these levels, you must put in the hard work and make the right connections and move. You'll be great!


Hope this helps!


Brendon

Brendon recommends the following next steps:

Google well-known companies' Executive Compensation information.
Look into the CPA license and visit your State's CPA Society's website.
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