Bookkeepers are also more likely to be employed by a small organization or company. By comparison, accountants are more likely to be employed by a larger organization or company and may process higher-volume transactions. Additionally, accountants may work with more complicated transactions than bookkeepers. In determining whether to become an accountant or pursue a career as a CPA, it’s important to consider whether you are willing to put in the additional time and effort required to become a Certified Public Accountant. A forensic accountant is responsible for detecting financial fraud and seeing to it that those committing financial fraud are put in prison.

Public accountant salary

Jobs in accounting will grow by 4.6% through 2034, according to the BLS, and demand may be particularly strong in international trade and technology. “As you get more experience, it’s going to be the experience factor and your industry.” The data below are not specific to CPAs, but represent similar careers grouped by the BLS. The data below are not specific to CPAs, but represent similar careers grouped by the Bureau of Labor Statistics (BLS). Accounting is an extremely diverse field with practically unlimited career options. Individuals who have the right skill set will find that this field offers a tremendous amount of reward and can be quite lucrative.

Auditor Average Salary Guide Chart

Starting salaries in public accounting are projected to increase an average of 8.9% in 2025, making it an ideal time to enter or advance in the accounting field. But the salary landscape varies dramatically based on certification level, specialization, location, and career online bookkeeping path. When it comes to accountants’ and auditors’ annual compensation, not all positions pay the same.

Certified Public Accountant (CPA) Certification

• But in the states that only require 120 credits, a bachelor’s degree may be sufficient.
• Individuals with management accounting certifications as well as graduate degrees will also usually be in greater demand.
• The CPA certification represents one of the most valuable credentials in accounting, consistently commanding higher salaries across all experience levels and geographic locations.
• Discover how an accountant salary might fluctuate based on geographic location, experience, education, skills, and company.
• Becoming a CPA is a lengthy process, but this path can increase your earning potential and job prospects.
• The accounting profession in 2025 offers exceptional opportunities for career growth and financial success, with strong salary increases projected across all levels and specializations.

There’s no universally “better” option – only what’s better for you at this point in your life. Consider your financial goals, family situation, career ambitions, and personal values when evaluating opportunities. For Planning Purposes Only — These calculations are estimates for educational and planning purposes. Always consult with qualified financial professionals before making financial decisions. Aside from location, there are several other factors that can play a role in your salary.

• Many of those positions are expected to be filled as a result of the need to replace workers who change occupations or leave the labor force, such as to retire.
• Use this guide to learn more about how much you can earn as an accountant in Texas.
• As part of the process of becoming an accountant, it’s important to learn how to remain free from questionable business practices and conflicts of interest.
• Because of this variety, it might be easier to find a job and find one in an area that interests you than other occupations.
• For example, states with major financial centers (New York, California) or energy sectors (Texas, Alaska) typically offer higher compensation to attract skilled professionals.
• Employers must fill positions held by retiring professionals and those leaving the occupation for other reasons.
• Overall, the BLS projects approximately 124,200 accounting and auditing job openings each year from 2024 to 2034.

Individuals interested in becoming accountants can usually expect their salary to increase with experience and qualifications. The Bureau of Labor Statistics reports that the national average accountant starting salary is about $31,000 per year. Those individuals with experience can expect to earn a senior accountant salary of over $100,000 per year. Public accountants are responsible for providing tax, accounting, consulting, and auditing services for corporations, governments, individuals, and nonprofit organizations. A public accountant may be a Certified Public Accountant but could also simply provide tax preparation services for individuals and businesses. Entry-level accountants can expect competitive starting salaries that vary significantly based enrolled agent salary on education, location, and industry.

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From here, accountants start careers in roles like a bookkeeper or payroll assistant. Home to thriving economies and diverse industries, Texas offers a modern business climate for finance professionals. The Big Four accounting firms — Deloitte, PwC, EY, and KPMG — maintain a strong presence in Texas’ major cities. These firms offer Texas accountants diverse and challenging projects, exposure to multinational clients, and opportunities for professional development. Both public and private accountants are well-compensated, and the Department of Labor projects job growth in both fields to be steady (~4% through 2029). That said, public accountants tend to make slightly more income than their private peers in comparable roles.

Management accountant (AKA Private Accountant or Internal Accountant)

This category contains applicants with greater experience, competence, and/or certifications. You should anticipate increasing responsibilities and obligations as you grow professionally. At this point in your career, you will have begun to develop areas of focus Financial Forecasting For Startups and expertise, and your employment title will most likely reflect your specialization.