The CPA license provides many advantages in the accounting profession. One of the most desirable advantages is increased salary. To determine just how much a CPA license can impact your career, we’ve compiled this at-a-glance guide to show the contributing factors of salary differences.
Average CPA Salary
Average CPA Salary by Percentile
Factors That Determine CPA Salary
The size of a company can play a large role in salary potential. Given that national firms have bigger clients, and thus higher revenue, it makes sense that they are able to offer their employees higher salaries than small companies.
If salary is an important factor in your career goals, you may choose to maximize your earning potential by working at a Big 4 firm. Keep in mind though that this may mean longer work weeks! If other factors, such as work/life balance, rank higher than salary for you, you may be more satisfied at a midsize or small company.
On average, Large company starting salaries range from $49,750-$68,425; Midsize company starting salaries range from $45,750-$66,412; and Small company starting salaries range from $48,037-$66,412.
Regardless of the size of your employer, having your CPA license will always earn you significantly more than before you become certified!
CPA Salary Outlook
Job Demand - It’s a Good Day to be a CPA
Public Accounting Salaries
Below is a chart of average public accounting salaries based on percentile and title/experience. See how having your CPA license gives you a major increase in salary right off the bat.
Big 4 Accounting Firm Salaries
Deloitte Touche Tohmatsu Limited, commonly referred to as Deloitte, is a multinational professional services network. It is the largest professional services firm in the world.
Ernst & Young is a multinational professional services firm headquartered in London, England, United Kingdom. EY is the third largest professional services firm in the world.
Top 10 Cities for Accountants
Based on research performed by Indeed.com, here are the top 10 cities where accountants can get the most bang for their buck. If you're considering making a move for your career whether by industry or state, help yourself make a more informed decision. And remember--these salaries are for accountants only. Think of how much more you could make (about 25% more, on average) when you're a CPA!