article thumbnail

Just How Much Have Accounting Salaries Increased in the Last Five Years?

Going Concern

INSIDE Public Accounting is due to release their Top 500 list soon and in the meantime, they’ve asked a very important question: Will 2024 show another big boost in compensation? The post Just How Much Have Accounting Salaries Increased in the Last Five Years? Since 2020, staff pay has increased by 15.7

article thumbnail

How to Turn a Shortage of Accountants Into an Opportunity for Businesses

CPA Practice

The alarm bells in accounting have been ringing for years: fewer people want to join – or stay – in the profession. The American Institute of Certified Public Accountants (AICPA) said in its “2023 Trends” report that the percentage of accounting graduates fell 7.8% Accounting roles must evolve to allow for this shift.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Here Are Even More 2024 Accounting Salary Projections

Going Concern

Last month we took a look at the 2024 Robert Half Salary Guide to get an idea what public accounting salaries should be in the range of next year, today it’s a similar report from Addison Group and their 2024 Workforce Planning Guide. The guide covers several industries, we are of course only here for accounting.

article thumbnail

Here Is a Massive List of Accounting Salaries Broken Down By City

Going Concern

Came across this list from Smartest Dollar of “the best-paying American cities for accountants in 2022” on the Googs and thought it worth sharing because getting paid is the only reason many of you do this job. In the event of a tie, the location with the greater actual median annual wage for accountants was ranked higher.

article thumbnail

Chart of the Day: Accounting Salaries Just Don’t Add Up

Going Concern

With the proliferation of salary information and ChatGPT at their fingertips, students and parents are savvy enough to understand and consider this as a factor. As these tools and pay transparency become more common, new recruits and experienced accountants are expecting higher salaries, and employers must respond.

article thumbnail

How Are Public Accounting Salaries Stacking Up For 2023? (Part 4, Hays U.S.)

Going Concern

The latest group of fortune tellers gazing into crystal balls to figure out what accounting salaries will be like next year are from the recruitment firm Hays U.S. In its 2023 salary guide , Hays provides salary ranges for accounting and finance jobs in nine states, plus the District of Columbia. Tax accountant.

article thumbnail

Accounting salaries rise as talent pipeline shrinks

Accounting Today

With the number of freshly minted accounting graduates dwindling and the consumer price index still rising, the law of supply and demand is driving up salaries.