Robert Half finally released its 2022 Accounting & Finance Salary Guide late last week, and the good news is starting salaries in public accounting are expected to increase by more than 1% next year, unlike in Bob’s salary projections for 2021.
Of the five positions each under “tax services” and “audit/assurance services” in the 2021 salary guide, not a single one had a starting salary that was projected to increase by 1%. The largest increase was only 0.66% for staff with under one year of experience in both tax and A&A.
But starting pay in each of the 10 public accounting roles in the 2022 salary guide is expected to rise by an average of between 1.4% and 2.6%:
Tax services
Senior manager/director: 2%Manager: 2%Senior tax accountant: 1.4%Tax accountant, 1-3 years’ experience: 1.6%Entry-level tax accountant: 2.6%
udit and assurance services
Senior manager/director: 1.6%Manager: 1.4%Senior auditor: 1.6%Auditor,1-3 years’ experience: 2.2%Entry-level auditor: 1.6%
For its annual salary guides, Robert Half breaks down starting pay ranges by percentile, based on a candidate’s experience. For 2022, there are three salary percentiles:
25th percentile: New to the type of role, still acquiring relevant skills.50th percentile: Average experience, has most of the necessary skills.75th percentile: Above-average experience, has all needed skills.
Below are the starting salaries for each of the 10 public accounting jobs in the 2022 salary guide, listed by percentile with a comparison of 2021’s starting salary projection and 2022’s starting salary projection (2021 -> 2022) and how big the pay increase is expected to be (in parenthesis):
Senior manager/director tax services
25th percentile: $114,250 -> $114,500 (0.2%)50th percentile: $137,500 -> $141,500 (2.9%)75th percentile: $165,000 -> $170,000 (3%)
Manager of tax services
25th percentile: $88,500 -> $90,750 (2.5%)50th percentile: $107,000 -> $110,000 (2.8%)75th percentile: $127,000 -> $128,000 (0.8%)
Senior tax accountant
25th percentile: $62,000 -> $62,500 (0.8%)50th percentile: $73,250 -> $75,500 (3.1%)75th percentile: $87,250 -> $87,500 (0.3%)
Tax accountant, 1-3 years’ experience
25th percentile: $49,000 -> $49,750 (1.5%)50th percentile: $59,750 -> $61,500 (2.9%)75th percentile: $70,500 -> $70,750 (0.4%)
Entry-level tax accountant
25th percentile: $40,500 -> $41,000 (1.2%)50th percentile: $49,000 -> $50,250 (2.6%)75th percentile: $57,250 -> $59,500 (3.9%)
Senior manager/director audit and assurance services
25th percentile: $112,500 -> $113,000 (0.4%)50th percentile: $134,750 -> $139,750 (3.7%)75th percentile: $161,000 -> $162,000 (0.6%)
Manager audit and assurance services
25th percentile: $76,250 -> $77,000 (1%)50th percentile: $93,500 -> $96,250 (2.9%)75th percentile: $110,000 -> $110,250 (0.2%)
Senior audit and assurance services
25th percentile: $54,250 -> $55,000 (1.4%)50th percentile: $66,750 -> $68,750 (3%)75th percentile: $78,500 -> $78,750 (0.3%)
udit and assurance services, 1-3 years’ experience
25th percentile: $45,000 -> $46,000 (2.2%)50th percentile: $54,500 -> $56,750 (4.1%)75th percentile: $64,250 -> $64,500 (0.4%)
Entry-level audit and assurance services
25th percentile: $40,500 -> $41,000 (1.2%)50th percentile: $49,000 -> $50,500 (3.1%)75th percentile: $57,750 -> $58,000 (0.4%)
Accounting Principals still hasn’t released its Accounting & Finance Salary Guide for 2022 yet, but it should be made available sometime within the next month.
Related article:
How Are Public Accounting Salaries Stacking Up For 2021?
The post How Are Public Accounting Salaries Stacking Up For 2022? appeared first on Going Concern.
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