Minimum Salary once I get my CPA?

  • Creator
    Topic
  • #164448
    jjm1181
    Participant

    I tell my friends that the CPA will guarantee I’ll never make below a certain salary in accounting. My quesiton is what do you think that minimum is for the rest of my life? 60k? 55k?

    B 79
    A 75
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Viewing 15 replies - 1 through 15 (of 62 total)
  • Author
    Replies
  • #318280
    kandisjoy
    Participant

    There isn't a guarantee… There are plenty of unemployed and underemployed CPAs.

    Another thing… If a first year accountant at a CPA firm gets his CPA, he's probably going to be making the same amount that he did before… Maybe he'll get a bonus; it depends on the firm. But I've seen starting salaries at CPA firms to be anywhere from 32k to 55k. Depends on the company, the location, etc.

    FAR: 71, 77
    BEC: 70, 82
    AUD: 62, 78
    REG: 71, 68, 85

    CA Licensed 11/2011

    #318281
    Minimorty
    Participant
    #318282
    mla1169
    Participant

    I'd say 35+ is much more realistic depending on your location. Job market is not in anybody's favor right now.

    FAR- 77
    AUD -49, 71, 84
    REG -56,75!
    BEC -75

    Massachusetts CPA (non reporting) since 3/12.

    #318283
    katiekanton
    Member

    ROFL, Mini.

    AUD - 88
    FAR - 90
    REG - 85
    BEC - 88

    #318284
    jjm1181
    Participant

    Wow. You guys are depressing. 🙂

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    #318285
    See Pee A
    Member

    CPA's generally earn fairly well. In and around nearly any metro area, in public accounting, most first year associates start off at least in the high 40s salary not including bonus/other comp. In Atlanta, total 1st yr comp at Big 4 is about 58k, perhaps 59-60k at regional or top 10 firms. Higher in larger cities.

    CPA's in private (or what we call “industry”) which is a financial analyst/corporate accountant typically make much less, but sometimes can exceed the entry level salary depending on the company. For example, Kimberly Clark financial analyst starting salary is 57k, while Turner Broadcasting staff accountant starting salary is 44k (again, in the Atlanta area). Just to give you an idea, anyway. Hope this helps.

    BEC 86 (08/30/11)
    FAR 84 (10/13/11)
    REG 88 (11/08/11)
    AUD 86 (11/29/11)

    Exam prep - Becker self-study

    #318286
    Anonymous
    Inactive

    Most of it depends on your experience. I would not work for less than 90-96k. With 4-5 yrs of experience. You won't see that money in big 4 but in private cap you can make 120K + if you know what you are doing.

    #318287
    Anonymous
    Inactive

    It should not be below 45k. Although, I believe a CPA can easily earn 55k.

    However, you know the current situation well, so it's whatever you get…sadly.

    #318288
    Minimorty
    Participant

    I agree that the range is huge and depends on so many factors. I also agree with @David that if you find the right spot, you should be making 100k+ in the first 5 years.

    #318289
    Leviticus
    Member

    I just interviewed for an entry level junior at a small firm, and they offered me a position for tax season with potential for full employment…

    Starting salary is 40K! Now I know this is peanuts? But its impossible to get a Public Accounting interview these days, never mind an actual job!

    ? FAR - 91 (08/25/11)
    ? BEC - 79 (04/12/11)
    ? REG - 89 (07/18/11)
    ? AUD - 95 (10/18/11)

    #318290
    Anonymous
    Inactive

    Mini,

    Which state do you troll? LOL, and why do they call you troll?

    #318291
    Minimorty
    Participant

    @David – I troll in California. I think some people call me a troll because I call them out on their blatant B.S.

    #318292
    sacredtheory
    Member

    Lol, $100k in 5 years, what have you guys been smoking?!

    BEC: Passed
    AUD: Passed
    REG: Passed
    FAR: Passed

    Jared

    #318293
    Anonymous
    Inactive

    LOL, you should start pulling “A Few good Men” moment: you want the truth…

    #318294

    -started at 61.5 with b4. +5k passing bonus.

    100k in 5 years isn't super likely but isn't unreal if you're in a tier 1 city in a tier 1 dept. (not saying i am, just saying.)

    REG - 81
    BEC - 88
    AUD - 85
    FAR - 81

Viewing 15 replies - 1 through 15 (of 62 total)
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