An accountant’s salary can vary greatly depending on several factors like location, qualifications, experience, size of organization and industry. However, here is a breakdown of the average salary an accountant earns per month in the USA.
1.Entry-Level Accountants
Salary Range
An entry-level accountant with 0-2 years of experience typically earns between $3,500 – $5,000 per month. This amounts to $42,000 – $60,000 per year.
Type of Roles
Some typical roles at this stage include:
– Bookkeeper
– Accounting Assistant
– Accounts Payable/Receivable Clerk
– Payroll Administrator
Qualifications
Entry-level accounting roles require at least a bachelor’s degree in accounting, finance or related field. Some employers may accept an associate degree with relevant experience as well. Professional certifications like CPA, CMA or CFA boost entry-level salaries.
2. Mid-Level Accountants
Salary Range
The average monthly salary for a mid-level accountant with 3-7 years of experience is $5,500 – $7,500. Their annual income ranges between $66,000 – $90,000.
Type of Roles
Typical mid-level accounting positions are:
– Senior Accountant
– Cost Accountant
– Tax Accountant
– Auditor
– Financial Analyst
– Accounting Manager
Qualifications
A bachelor’s degree and professional certification (CPA, CMA, CIA) is required for most mid-level roles. An MBA or master’s degree in accountancy or taxation can increase salary prospects.
3. Senior-Level Accountants
Salary Range
On average, a senior accountant or accounting manager with 8 or more years of experience earns between $7,500 – $12,500 per month. Annually this projects to $90,000 – $150,000.
Type of Roles
Common senior-level roles are:
– Controller
– Chief Financial Officer
– Finance Director
– Chief Accounting Officer
– Audit Manager
– Tax Manager
Qualifications
Most senior accounting positions require a master’s degree and professional certifications like CPA/CMA/CIA. Specific qualifications depend on the role. Public accounting experience is preferred for management roles.
In summary, an accountant’s salary in the USA can range from $42,000 for entry level to over $150,000 annually for senior management roles depending on experience, qualifications, organization and region. On average, mid-level accountants earn $66,000 – $90,000 per year.
