Job prospects within the field of accounting are expected to experience rapid and continuous growth well into 2018. Salaries within the field range widely, but are also expected to grow over the next several years. According to the Florida Institute of CPAs, these ranges vary &quot;according to geographic area, type of industry, company size, local economy, employee benefits offered, and the education and experience of the job candidate.&quot;
Tax accountants are tasked with developing tax management strategies to help corporations save money, maintaining compliance to tax regulations, and completing and filing company tax returns. The &quot;Robert Half 2009 Salary Guide: Accounting and Finance&quot; reports that corporate tax accountants with 0 to 3 years of experience can expect to earn a salary ranging between $41,000 to $60,000. Senior level and managerial tax accountants earn between $54,000 to $111,250.
Internal auditors are responsible for objectively evaluating corporate compliance to Sarbanes-Oxley regulations and other applicable laws. They are also key players in detecting and preventing accounting fraud within the organization. As of 2009, starting salaries for corporate internal auditors ranged between $41,500 to $67,500. After reaching senior management levels, corporate internal auditors can expect to earn between $61,000 to $114,750.
Payroll managers provide specialized operational accounting support and are responsible for the accuracy and disbursement of employee wages. The payroll manager also manages the financial data and reports related to those wages, and may be required submit recommendations to save money on employee contracts and benefit packages. In 2009, starting salaries for payroll managers in small companies averaged $37,205. Payroll managers in medium firms earned an average starting salary of $40,000, and $74,000 in large firms.
Chief Financial Officers:
The chief financial officer (CFO) is the highest level accounting officer within an organization. Accordingly, officers typically also have the highest paid position within the accounting industry. The CFO oversees all other accounting positions within the organization and is ultimately responsible for all of the accounting data presented to the company&#039;s board of directors. 2009 CFO salaries ranged between $94,250 and $384,000.
According to the Bureau of Labor Statistics, most accounting jobs require &quot;at least a bachelor&#039;s degree in accounting or a related field.&quot; However, job seekers who have earned the highly marketable Master of Business Administration (MBA) or Certified Public Accountant (CPA) licensure have increased earnings potential. In addition, regional differences also have a great impact on starting salaries. In 2009, larger cities reported accounting salaries that were up to 13 percent higher than the national average, while smaller cities typically fall below that mark.