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Accountants’ Salaries Rise to Highest Levels in 24 Years

June 20, 2013

IMA’s Annual Salary Survey Provides Evidence Showing Professional Certifications, Advanced Degrees, and Experience are Key Factors that Drive Salaries

Coming off a challenging 2011 that saw salaries decline for the first time in 23 years, IMA members reported increases in both average salary and total compensation in 2012, according to the organization’s 24th Annual Salary Survey, appearing in the June edition of Strategic Finance. The survey breaks salary data down by several key components, including compensation and degrees, organization structure, industry, geography, and management level.

Here is a quick snapshot capturing the findings from this year’s survey, and we invite you to read the full article by clicking here.

Average Salaries in 2012

Salary Increases in 2012

  • Out of the last five years, 2012 saw the largest dollar and percentage increase
  • For the first time in the history of the survey, the average total compensation topped $130,000.

  

Impact of Certification:

  • The financial benefit of holding a certification can’t be denied, as professionals holding certifications earn 31 percent more in salary than those who are not credentialed.
  • The benefits of certification take effect almost immediately, as professionals in the 19-29 age bracket earn nearly $20,000 more in salary than their non-certified peers.
  • These advantages continue for the life of the professional’s career, as certified professionals in the 60 and over age group earn over $28,000 more in salary than their non-certified counterparts.

The survey also breaks the data down by region, allowing accountants to compare their earnings to their peers who work and reside in the same part of the country.

Data for the survey was collected from a random sample of 5,117 IMA members located in the U.S. in December 2012 and January 2013.

Source: www.imanet.org

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