Accounting Manager Salary Guide
| Accounting.com Staff
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Prospective employees pursuing careers as accounting managers and accountants can expect a bright outlook. The U.S. Bureau of Labor Statistics (BLS) projects job opportunities for accountants to grow by 6% between and
In addition to math skills and accounting software acumen, accounting managers should prepare to design accounting systems and lead teams of accountants for their organization. Read on to learn more about accounting manager salaries and job prospects across various states and industries, including information on how experience and degrees can impact earning potential.
Accounting Manager Careers
HOW MUCH DO ACCOUNTING MANAGERS MAKE?
According to the BLS, accountants in earned a median income of $70, Earning potential depends largely on degree level, experience, and location. Even a year of experience in accounting management significantly impact a professionals salary.
SALARY BY EXPERIENCE
Experience plays a major role in salary increases, and accounting managers can expect to encounter strong upward trends in the early years of their careers. The table below lists average accounting manager salaries by experience level.
Salary by Degree
Many factors can lead to advancement in accounting, and not all accounting managers earn the same education, but a bachelors or masters degree can impact salary levels and leadership opportunities. The table below illustrates earning potential for accounting degree holders.
Median Salary: $69,
Median Salary: $91,
CAREER PATH SALARIES
Accounting managers with interest in executive leadership may advance into roles as financial or corporate controllers. They may also elect to move into senior accountant roles. The table below details some salaries available to accounting managers seeking further career options.
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What Are the Top States for Accounting Manager Pay?
Location plays an important role in considering accounting manager salaries, as specifics vary widely between states. The table below lists annual mean wages for the five top-paying districts in the United States for accounting managers.
- DISTRICT OF COLUMBIA
Annual Mean Wage: $98,
- NEW YORK
Annual Mean Wage: $96,
- NEW JERSEY
Annual Mean Wage: $90,
Annual Mean Wage: $85,
Annual Mean Wage: $84,
WHAT ARE THE TOP INDUSTRIES FOR ACCOUNTING MANAGER PAY?
Prospective accounting management professionals should consider the industry in which they want to work. Location, education, and experience demonstrate significant impact on salary levels, but industry also makes a difference. The table below illustrates the annual mean wage for the five top-paying industries for accounting managers.
|INDUSTRY||ANNUAL MEAN WAGE|
|School and Employee Bus Transportation||$,|
|Federal Executive Branch||$,|
|Securities, Commodity Contracts, and Other Financial Investments and Related Activities||$97,|
|Other Investment Pools and Funds||$96,|
|Other Pipeline Transportation||$93,|
ARE ACCOUNTING MANAGERS IN DEMAND?
HISTORICAL CAREER GROWTH
Short-term projections covering growth in accountant positions from through indicate positive changes in all U.S. territories. States with the highest growth potential in the short term include Georgia, Nevada, and Utah.
FUTURE CAREER GROWTH
The accounting is growing rapidly. As the global economy increases and tax requirements become more stringent, accountants enjoy high demand. The BLS projects demand for accountants to increase by 6% between and across the United States, with positive trends in every territory.
Top States for Job Growth
With positive trends in demand for accounting managers expected across the United States from through , most U.S. territories project double-digit increases. The table below details the five top states for job growth for accountants, including accounting managers.
HOW DO ACCOUNTING MANAGERS COMPARE TO OTHER ACCOUNTING CAREERS?
With demand for accountants set to rise by 10% between and , experience, education, and relevant credentials should equip accounting managers to pursue their desired positions. Projections Central projects the following:
- Demand for managers across other business categories will rise by 8%.
- Demand for financial specialists will rise by %.
- Demand for bookkeepers, auditing clerks, and accounting clerks will decrease by %.
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LEARN MORE ABOUT ACCOUNTING MANAGER SALARIES & JOB GROWTH
- The BLS
The BLS researches occupational trends in the United States and provides detailed, current profiles on each profession. Profiles include information on education, salary, work environment, and prospective growth in the field.
PayScale features a database offering information on salary averages for a wealth of different occupations and projects earning potential for various degrees. It provides detailed job descriptions, potential career paths, and data on common health benefits, job satisfaction, and gender breakdowns.
- Georgetown University Center on Education and the Workforce
In , Georgetown University published the results of its study on the economic value of college majors; this salary data was made available in a searchable format.
Affiliated with O*Net, CareerOneStop provides information for people looking to join the workforce, including specific assistance for career changers, military veterans, and young adults. CareerOneStop offers career profiles, training information, and links to local assistance.
- Projections Central
Funded by the U.S. Department of Labor, Employment, & Training Administration, Projections Central provides a database through which prospective employees can search occupations by state or compare multiple careers on a national basis.
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How much does an Accounting Manager make in the United States? The average Accounting Manager salary in the United States is $, as of September 27, , but the range typically falls between $96, and $,. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
SalarySalary + BonusBenefitsHow To Become
Accounting Manager Salaries by Percentile
|10th Percentile Accounting Manager Salary||$85,||US||September 27,|
|25th Percentile Accounting Manager Salary||$96,||US||September 27,|
|50th Percentile Accounting Manager Salary||$,||US||September 27,|
|75th Percentile Accounting Manager Salary||$,||US||September 27,|
|90th Percentile Accounting Manager Salary||$,||US||September 27,|
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Job Description for Accounting Manager
Accounting Manager manages various accounting functions including ledger maintenance, accounts payable, accounts receivable, revenue and asset accounting, as well as associated analysis and reporting. Evaluates and makes improvements to accounting processes while ensuring that practices comply with organization accounting policies and applicable laws and regulations. Being an Accounting Manager leads and directs accounting professional and support staff, including subordinate supervisors. Requires a bachelor's degree. Additionally, Accounting Manager may require CPA certification. Typically reports to a director or head of a unit/department. The Accounting Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. Extensive knowledge of department processes. To be an Accounting Manager typically requires 5 years experience in the related area as an individual contributor. 1 to 3 years supervisory experience may be required. (Copyright Salary.com) View full job description
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What does an Accounting Manager do?
Accounting Manager in Accokeek, MD
Review time cards in timekeeping system and review payroll schedules.
Treat staff members, students, teachers, partners, and visitors with courtesy and respect.
Maintains historical accounting records in accordance with organizationÆs retention policy.
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Accounting Manager Pay Difference by Location
|City, State||Compared to national average|
|City, StateSan Francisco, CA||Compared to national average|
|City, StateWashington, DC||Compared to national average|
|City, StateMiami, FL||Compared to national average|
|City, StateChicago, IL||Compared to national average|
|City, StateBoston, MA||Compared to national average|
|City, StateNew York, NY||Compared to national average|
|City, StateDallas, TX||Compared to national average|
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Accounting Manager Salary by Global Country
Accounting Manager Salary by State
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Understand the total compensation opportunity for an Accounting Manager, base salary plus other pay elements
Average Base Salary
Average Total Cash Compensation
Includes base and annual incentives
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Accounting Manager in the United States. The base salary for Accounting Manager ranges from $96, to $, with the average base salary of $, The total cash compensation, which includes base, and annual incentives, can vary anywhere from $, to $, with the average total cash compensation of $,
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Skills associated with Accounting Manager: Asset Accounting, Accounting Software, Accounting Management, Asset ManagementMore
Recently searched related titles: International Accounting Manager
Salary estimation for Accounting Manager at companies like : FONAR CORP, INTERPACE BIOSCIENCES INC, PRECIPIO INC
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Average Accounting Manager Salary
Avg. Base Salary (USD)
The average salary for an Accounting Manager is $74,
$ - $10k
What is the Pay by Experience Level for Accounting Managers?
An entry-level Accounting Manager with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $58, based on 56 salaries. An early career Accounting Manager with years of experience earns an average total compensation of $65, based on 1, salaries. A …Read more
What Do Accounting Managers Do?
In most businesses, an accounting manager develops and implements systems for gathering, analyzing, verifying, and reporting certain types of financial information. Typically, an accounting manager is a part of a larger group (or managerial staff) that includes other mid-level business managers.
Some of the job duties of an accounting manager include hiring, training, and coaching subordinates, as well as enforcing company policies, rules, and procedures. Accounting managers usually complete …Read more
Accounting Manager Tasks
- Manage the daily activities of the accounting department.
- Collect and provide information for audit inquiries and give assistance to auditors.
- Assist in the development and implementation of policies and procedures relating to financial management, budget and accounting.
- Oversee the posting and maintenance of general ledger accounts, payroll transactions, accounts payable and general ledger adjustments.
- Provide financial analysis statements including monthly balance sheets, income statements, cash flows statements, and actual to budget and last year variance analysis.
Job Satisfaction for Accounting Manager
Based on 2, responses, the job of Accounting Manager has received a job satisfaction rating of out of 5. On average, Accounting Managers are highly satisfied with their job.
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This data is based on 6, survey responses. Learn more about the gender pay gap.
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Manager salary accounting
.$100,000 salary in 5 years! How I increased my accountant salary to six figures!
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