Accounting Degree Salary and Career Outlook in 2025
A degree in accounting opens the door to numerous career opportunities, with salaries varying based on experience, industry, and location. Whether you’re considering becoming a Certified Public Accountant (CPA) or exploring roles in corporate finance, understanding salary expectations is essential for making informed career decisions.
How Much Can You Earn With an Accounting Degree?
Salaries for accounting professionals depend on factors such as education, certifications, years of experience, and the type of employer. Below is an overview of potential earnings based on different career paths within accounting.
1. Entry-Level Accounting Salaries
For those just starting in the field, an entry-level accountant can expect a salary range of $50,000 to $65,000 per year. Recent graduates working as accounting assistants or junior accountants typically earn at the lower end of this range, while those with internships and strong academic records may start at higher salaries.
2. Mid-Level Accounting Salaries
With three to five years of experience, accountants see a significant boost in earnings. The average salary for a mid-level accountant falls between $70,000 and $90,000. Those working in specialized fields like forensic accounting or financial analysis may earn even more.
3. Senior Accountant and Management Salaries
Senior accountants, accounting managers, and financial controllers with five to ten years of experience can earn anywhere from $90,000 to $120,000 per year. These professionals often take on leadership roles, overseeing teams and managing financial reporting.
4. CPA Salary Expectations
Obtaining a Certified Public Accountant (CPA) license significantly increases earning potential. CPAs typically earn 10-15% more than non-certified accountants. The average salary for a CPA ranges from $80,000 to $150,000, with experienced CPAs in senior positions making well over $200,000.
5. Salaries for CFOs and High-Level Executives
For accountants who move into executive positions, such as Chief Financial Officer (CFO) or Vice President of Finance, salaries can exceed $250,000 per year, with bonuses and stock options often included.
Factors Affecting Accounting Salaries
Several factors impact an accountant’s salary, including:
- Education and Certifications: A CPA, Certified Management Accountant (CMA), or Chartered Accountant (CA) credential increases earning potential.
- Industry: Accountants working in finance, healthcare, or technology often earn higher salaries than those in nonprofit or government roles.
- Geographic Location: Salaries vary by state and city. Accountants in major financial hubs like New York, San Francisco, and Chicago earn significantly more than those in smaller cities or rural areas.
- Experience Level: As accountants gain experience, their salary potential grows, especially when moving into managerial and executive roles.
Best-Paying Industries for Accountants
Certain industries offer higher salaries for accountants due to the complexity and demand for financial expertise:
- Finance & Insurance: $90,000 – $140,000
- Technology & IT Services: $85,000 – $130,000
- Healthcare & Pharmaceuticals: $80,000 – $120,000
- Manufacturing: $75,000 – $110,000
- Government & Nonprofit: $60,000 – $90,000
How to Increase Your Salary in Accounting
- Get Certified: Earning a CPA, CMA, or CFA can lead to promotions and higher pay.
- Gain Experience: More years in the field often lead to better salary negotiations.
- Specialize: Areas like forensic accounting, tax consulting, or auditing command higher salaries.
- Network and Stay Updated: Building a strong professional network and keeping up with industry trends can lead to better job opportunities.
Is an Accounting Degree Worth It?
With solid job stability, competitive salaries, and opportunities for career advancement, an accounting degree remains one of the most valuable degrees in business. Whether you’re just starting or looking to climb the corporate ladder, accounting offers a lucrative and fulfilling career path.
