Thursday, October 14th, 2021

Salaries

“These men ask for just the same thing, fairness, and fairness only. This, so far as in my power, they, and all others, shall have.” – Abraham Lincoln

I always get questions about salaries for the CPA profession. Firms want to know what other firms are paying by level – Staff, Senior, Manager, etc. I even did a limited survey myself but was disappointed by the response.

Yesterday, I read a post by goingconcern addressing CPA salaries in eight cities: Baltimore, Cincinnati, Detroit, Indianapolis, Louisville, Milwaukee, Oklahoma City, and St Louis. The author used various sources.

There are three salary percentiles.

  • 25th percentile: New to the type of role, still acquiring relevant skills.
  • 50th percentile: Average experience, has most of the necessary skills.
  • 75th percentile: Above-average experience, has all needed skills.

For example, here is the listing for an entry-level tax accountant in Cincinnati:

  • 25th percentile: $41,000 -> $39,975
  • 50th percentile: $50,250 -> $48,994
  • 75th percentile: $59,500 -> $58,013

Read the post here. I think you will find it very helpful.

  • "If we expect others to rely on our fairness and justice we must show that we rely on their fairness and justice."
  • Calvin Coolidge

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