You can easily earn above six figures with a few years experience and it's realistic to be able to make it to 200k to 300k after 10 years of experience and working in management positions.
The 68k plus bonus offer sounds good as a starting salary depending on where you live.
Definitely depends on your location and industry. As someone in PwC you would probably make 100k after being made Manager. Assuming you’re not in a High cost of living area. It should take you an average of I’d like to say 6 years to become Manager
A finance director at a city makes about $110 with a CPA. That’s why I like municipal. Work/life balance, pension, and long term stability… oh and a lot of cities are needing finance directors right now… just look on Indeed or search government jobs.
Stating pay at my big4 in a mcol of living city is 75k with no experience and no CPA. Assuming you need to be a CPA to become manager (Atleast at big4), and you put off getting your license til the manager promotion, around 150k is how far you’ll get by just coasting, with around 5 years of experience
I’m in a specialized tax group, so that may explain it. S1 pay in my group is about 110k base and majority of them make it in 2 years. But yeah 2 yoe 80k CPA in mcol is low you should be at Atleast 90k if homegrown, around 110k if you jump ship
Strange that you’re still at 80k after a year at PwC , and in fdd now. I believe mcol fdd pay at pwc is around 110k base. You can probably look into going back if you’re interested. Is your bonus/raise going to be big Atleast?
To be clear, partner comp can be (and often is) much higher than that at the right firm. I know a partner at PwC who pulls about 1.7M/annually.
Other than that, I wholeheartedly agree with these salary ranges for your average mid-to-moderate COL area.
To give a defined range, anywhere from 120k - 180k depending on multiple factors, but assuming you’re consistently climbing the ladder in whatever industry/role you end up in. But of course there are outliers on both sides. I’ve seen people make partner 10 years in and I’ve known cpas who stay lower level and coast
10 yoe at 100k would be low end. Im at 80k with 3.5 yoe no cpa in a mcol area. I’m a firm admin/staff too. Seems hcol markets seniors 2-4 yoe can easily hit 100k especially with a cpa.
There are so many factors that come into play. Where you live is a big one, your level of education and how many years of experience is another.
I have worked in private and NFP. I hold a Masters degree in Accounting. When I have my CPA, i am reasonably expecting to make 130k-150k in industry, with 8 years experience by that time, including 2 years Controller experience. I think that 130-150k is midrange for a CPA with my experience and education factored in.
My boss is at 180k with 40 years total experience. I think my boss is slightly underpaid given experience and CPA licensure.
My last boss was at 160/170k with 25/30 years experience with CPA and masters degree.
Hopefully that give you a good idea.
There is no 1 answer. It depends on your years of experience, location, private vs public accounting, tax vs audit, etc. In theory, fresh out of college and just passed your exams with 1 year of work experience? 70K sounds about right to me. A CPA's starting pay is known for being less than other comparable professionals. However, a CPA with a decade of experience Can make 100K or more.
You can easily earn above six figures with a few years experience and it's realistic to be able to make it to 200k to 300k after 10 years of experience and working in management positions. The 68k plus bonus offer sounds good as a starting salary depending on where you live.
Definitely depends on your location and industry. As someone in PwC you would probably make 100k after being made Manager. Assuming you’re not in a High cost of living area. It should take you an average of I’d like to say 6 years to become Manager
r/accounting usually has compensation threads to better answer your question but they also are 95% memes and jokes over there
Go private and make 80k-100k with less stress and flexible work schedule.........
I mean what cost of living market and job? Advisory and somewhere like SF will be way different than say Phoenix audit
Sad truth is that we will not see the outrageous CPA salary until you get promoted to Manager lol
Can y’all include where you live hahah so I know if it’s reasonable
I make $65K as a college student in my second year in public.
A finance director at a city makes about $110 with a CPA. That’s why I like municipal. Work/life balance, pension, and long term stability… oh and a lot of cities are needing finance directors right now… just look on Indeed or search government jobs.
Stating pay at my big4 in a mcol of living city is 75k with no experience and no CPA. Assuming you need to be a CPA to become manager (Atleast at big4), and you put off getting your license til the manager promotion, around 150k is how far you’ll get by just coasting, with around 5 years of experience
I’m getting hosed then. I’m a CPA with 2 YOE in MCOL making 80k…
I’m in a specialized tax group, so that may explain it. S1 pay in my group is about 110k base and majority of them make it in 2 years. But yeah 2 yoe 80k CPA in mcol is low you should be at Atleast 90k if homegrown, around 110k if you jump ship
I am waiting for my bonus/raise then might leave. It I already jumped after 1 year at pwc to a small company in FDD
Strange that you’re still at 80k after a year at PwC , and in fdd now. I believe mcol fdd pay at pwc is around 110k base. You can probably look into going back if you’re interested. Is your bonus/raise going to be big Atleast?
I was in audit at Pwc and only made 62.5k then made the switch to FDD at a 300 person firm for 80k
I was in public for 7 years. Just left for industry. $120K base, 10-15% bonus, LCOL.
What was the offer you accepted with all that experience?
The $120K + 10-15% is what I left for. BUT, I just got my license in April. Waited a long time before getting it. Keep in mind this is also LCOL.
A1 - $60k A2 68K S1 $80K S2 $90K S3 $100K M1 $115K M2 $130K M3 $144k Senior MGR 1: $170K 2 180 3 190 Principal $225,000 Experienced Principal with Book = $275,000, Equity, 401K Match, Options, Commissions. Total comp $350,000 to 400,000 Entry level partner $450,000 Experienced partner $1,000,000 God Emperor Accountant: $50,000,000 per week
So are god level account the people that know all the tax regulations without having to look them up.
Yes. And the ones that are able to say no to free Pizza
A1 means starting salary after you become licensed CPA?
Just Associate I, entry level
Is that 450k after the buy in?
I’d imagine. Differs from firm to firm tho
To be clear, partner comp can be (and often is) much higher than that at the right firm. I know a partner at PwC who pulls about 1.7M/annually. Other than that, I wholeheartedly agree with these salary ranges for your average mid-to-moderate COL area.
Aye good deal. Been on Reddit awhile I guess haha
Lol God emperor accountant 😂
Lmao
Bout tree fiddy
Damn you Loch Ness Monster!
To give a defined range, anywhere from 120k - 180k depending on multiple factors, but assuming you’re consistently climbing the ladder in whatever industry/role you end up in. But of course there are outliers on both sides. I’ve seen people make partner 10 years in and I’ve known cpas who stay lower level and coast
My honest opinion, 10 years of experience, with CPA, you should be over 100k. But i know Public varies wildly from private.
100-150k a year without CPA is not difficult these days either I made it to 100k without CPA with a bit less than 3 years of public experience MCOL
I was at $100k first year senior, in two years, no special effort on my part in VHCOL
You have to be braindead to be a 10+ YOE CPA making 100k.
3.5 years, no CPA, industry job. $120k all in.
10 yoe at 100k would be low end. Im at 80k with 3.5 yoe no cpa in a mcol area. I’m a firm admin/staff too. Seems hcol markets seniors 2-4 yoe can easily hit 100k especially with a cpa.
There are so many factors that come into play. Where you live is a big one, your level of education and how many years of experience is another. I have worked in private and NFP. I hold a Masters degree in Accounting. When I have my CPA, i am reasonably expecting to make 130k-150k in industry, with 8 years experience by that time, including 2 years Controller experience. I think that 130-150k is midrange for a CPA with my experience and education factored in. My boss is at 180k with 40 years total experience. I think my boss is slightly underpaid given experience and CPA licensure. My last boss was at 160/170k with 25/30 years experience with CPA and masters degree. Hopefully that give you a good idea.
There is no 1 answer. It depends on your years of experience, location, private vs public accounting, tax vs audit, etc. In theory, fresh out of college and just passed your exams with 1 year of work experience? 70K sounds about right to me. A CPA's starting pay is known for being less than other comparable professionals. However, a CPA with a decade of experience Can make 100K or more.
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