In the ever-evolving world of accounting, staying ahead of the curve is essential, especially when it comes to compensation. The accounting and finance sector is known for its stability, but it’s not immune to changes.
To help you navigate this dynamic landscape, we’ve gathered some fascinating facts and insights about accounting & finance compensation in 2024.
The accounting profession is booming, and here’s why:
- Job Growth: According to projections, the employment size of accountants and auditors is set to grow by 7% from 2020 to 2030. Moreover, there’s an average of 135,000 projected job openings each year, creating numerous opportunities for career development.
- Above-Average Earnings: Financial specialists, which include accountants, auditors, analysts, and more, earn 69% more than the average worker across all industries in the United States.
- Lowest Underemployment Rate: Accounting boasts the lowest underemployment rate among all business majors. A staggering 75% of accounting majors are employed in jobs that match their expected salary.
True or False: Companies are creating their budgets for salary increases right now.
The answer: True!
Companies are actively planning their budget allocations for salary increases, a dynamic process that requires precision and strategy. As they map out their financial strategies, they’re already earmarking resources for upcoming salary boosts.
Want to know where you fit into this competitive landscape? Our 2024 Compensation Guide holds the answers, offering valuable insights into accounting salary trends and how you can maximize your earning potential. Get yours HERE!
Did you know that companies are investing more than ever in accounting and finance talent?
It’s not a myth; it’s a fact: 45% of senior financial professionals have identified talent acquisition and retention as their main priority for the year.
In today’s business environment, organizations understand the value of skilled financial professionals who can navigate complex financial matters. Consequently, they’re willing to offer attractive compensation packages to attract and retain top talent in the field.
Are you capitalizing on this trend? Our 2024 Compensation Guide is your key to understanding the market and making informed career decisions.
The accounting landscape is evolving, and being informed about salary trends and opportunities is crucial for your career growth. With our 2024 Compensation Guide, you can stay ahead of the curve, make informed decisions, and maximize your earning potential in the exciting world of accounting. Download your free copy today HERE.