Tuesday, March 29th, 2022

Salary Growth

“You don’t get paid for the hour. You get paid for the value you bring to that hour.” – Jim Rohn

I have thought for years that CPA firm starting salaries have lagged behind the rest of the world. Maybe the lack of interest in majoring in accounting and entering the field of public accounting reflects this line of thought.

Here are some excerpts from an article on Bloomberg:

According to Robert Half salary guides, average starting pay for first-year auditors in 2022 was $55,000—unchanged from 2011 despite 10 years of slow but steady inflation growth.

“Students are making economically rational decisions,” Almer said. Faced with mounting housing costs and student loan debt, they opt to pursue other fields, she said.

Read the article titled, Accounting Faces Reckoning After Years of Sluggish Pay Growth via Bloomberg.

I have mentioned it before – – starting salaries I am hearing and reading about for new college graduates entering public accounting is barely above what my firm offered in 2008!

  • "A lot of people quit looking for work as soon as they find a job."
  • Zig Ziglar

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