CPA salary range varies significantly based on location, firm size, and your area of specialization. In addition, the number of years in the field plays an important role as well.
For example, a seasoned professional can expect a much higher salary than a recent graduate who has just earned their certification. However, you also have to factor in the cost of living, as some cities are more expensive than others.
In general, larger accounting firms are more willing to offer higher starting salaries than smaller local firms. This is because they have the resources to pay their employees more, as well as provide additional benefits such as gyms and cafeterias that small firms cannot afford to provide. In addition, many large accounting firms have clients spread across the country and globe, which means that their accountants are required to travel a lot.
As you gain more experience and work on more difficult assignments, you’ll likely see your salary increase substantially. This is especially true if you move to the Big Four accounting firms, which include Deloitte Touche Tohmatsu Limited (DTT), Ernst & Young (EY), PricewaterhouseCoopers (PwC), and KPMG. These are the biggest public accounting firms in terms of revenue and they can offer lucrative salaries for new accountants.
If you have the right qualifications, a career at one of these companies can lead to a six-figure salary. Additionally, if you end up in a management position, you can earn even more. This is why the demand for qualified accountants is so high. CPA salary range