A Bright Outlook at All Experience Levels


Changing jobs this year may get you not only a better position, but also a bigger paycheck.

The 2008 Salary Guide from Robert Half International predicts a 4.3% increase in starting salaries for accounting and finance professionals this year, with public accountants, financial analysts and internal auditors seeing the largest gains.

In corporate accounting and finance departments of large companies, business expansion and ongoing corporate governance initiatives are driving hiring and increasing salaries, with average starting salaries for entry-level budget, treasury and cost analysts expected to rise 6.9% over 2007’s predictions to between $38,250 and $47,500. Newly hired internal audit managers can expect a 6.7% increase in starting compensation to between $81,500 and $109,500 annually.

In public accounting, average starting salaries for directors and senior managers of medium-size firms are projected to rise 7.7% in the year ahead, to between $88,250 and $129,250, as these firms increase hiring to deliver more services to clients. At small firms, professionals with one to three years of experience can expect the same increase in salary as firms relieve heavy workloads and potentially hire future leaders.

These projections exceed those for the banking and financial services sectors, where starting salary increases for commercial lenders and hedge fund accountants may see gains of 4.7% and 6.5%, respectively.

Source: Robert Half International’s 2008 Salary Guide, www.rhi.com .

SPONSORED REPORT

How the election may affect taxation of business income

This report summarizes recent proposals to reform the U.S. business income tax system and considers the path to enactment of any such legislation.

VIDEO

How to Excel pivot a general ledger

The general ledger is a vast historical data archive of your company's financial activities, including revenue, expenses, adjustments, and account balances. J. Carlton Collins, CPA, shows how to prepare data for, and mine data with, PivotTables.

QUIZ

Did you follow 2016’s biggest accounting news?

CPAs will remember 2016 as a year of new standards and new faces. How well did you follow the biggest accounting events? The 7 questions in this quiz will help you find out