If you are thinking of making a career in accounting, then it is a smart move. Certified Public Accountant or CPA requirements are high. Every moneymaking body requires the skills of a CPA, whether big or small. The going is good for such professionals, as CPA salary is at a record highs.
If one takes a look at the average salaries of the public and private accountants as college graduates, the CPA salary will be at least 10-15% more when one starts out at the beginning of the career. CPA jobs are going to be on a steady rise and expected to increase by 22 % in the next decade. This clearly means a higher demand for these skilled professionals. The employers will look for higher degrees and the right CPA certifications in these professionals. CPA’s will be working in four major areas such as public accounting, internal auditing, government accounting and management accounting. Their job is to look after the financial health of an institution and make sure the taxes are in order and the financial documents are prepared the right way. With higher scrutiny of company finances, and the financial world getting more and more complex, it is no surprise to see a higher demand for these experts, CPA jobs, and a rise in CPA Salary. A superior education, valuable experience and some good skills will be mandatory requirements in these Certified Public Accountants.
Take a look at the CPA Salary to learn how much these professionals are making currently and whether their salaries will see hike in the coming years. It turns out that not only are these CPAs making more money but also enjoy more job security. For example, there would be a significant difference between a senior tax accountant and a CPA. Although, the senior tax accountant sounds high level, a CPA generally earns much more. A senior tax accountant with about 20 years experience can make around $60,000 – $85,000 annually, while a CPA Salary with the same experience would be around $65,000 – $110,000 per year. The extra training and certification done by these professionals, along with their experience, can make the salaries stretch higher. They need to pass the CPA Examination and meet all the requirements of the state.