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

Taking stock of artificial intelligence

Artificial intelligence is either the greatest thing to ever happen to human work or the dread of our existence. This independently written report explores how AI will reshape the workplace and how analytically minded individuals can stand out.

PODCAST

How tax reform will impact individual taxpayers

Amy Wang, a CPA who is a senior technical manager for tax advocacy at the AICPA, answers to some of the most common questions on how the new tax reform law will impact individual taxpayers.