CPAs earn above-average wages, but salaries can vary greatly depending on your location and firm size. According to the Bureau of Labor Statistics, the average wage for accountants and auditors with a bachelor’s degree is around $77,250. This is significantly higher than the average salary for bookkeepers. However, it is important to remember that the average entry-level salary can also vary widely by region and industry.
If you work at a “Big Four” accounting firm—Deloitte, Ernst & Young, PricewaterhouseCoopers (PwC), and KPMG—you can expect to make an impressive starting salary of around $45,000. However, there are many other factors that can impact a CPA’s income, such as their degree and academic credentials, years of experience, and industry specialization.
In general, larger firms offer higher salaries than smaller ones, as they are able to compete for top talent. In addition, the salary of a CPA can also depend on which state they live in. In certain states, like New York and California, there is high competition for CPA jobs, and the salaries are often significantly higher than in other states.
Another factor that can impact the CPA salary range is the number of hours they work. Accountants are required to put in a lot of hours, especially if they are working with clients who have complicated tax situations. Additionally, it is not uncommon for CPAs to work long weekends or nights in order to meet deadlines for corporate reporting and filings. CPA salary range