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Career Counselor
Salary Trends in Accounting and Finance

February 2007 Graduates and others just getting started in accounting and finance may find they are entering the job market at an ideal time. The demand for many positions has increased, due in large part to business expansion and ongoing compliance requirements. Candidates with the right skills carry a certain amount of weight and may even receive multiple job offers.

It's not unusual for companies to compete over a candidate, and, as a result, they often must increase the compensation they provide. As you consider a job offer, pay is likely to be at or near the top of your list of key considerations. To be sure you have all the information you need before you make a decision, research compensation trends in resources such as the Occupational Outlook Handbook from the U.S. Bureau of Labor Statistics and the 2007 Salary Guide from Robert Half International.
According to the Salary Guide, positions in the areas of compliance, internal audit, financial analysis and general accounting are expected to be in greatest demand during 2007. Overall, the Salary Guide estimates starting salaries will increase nearly 4 percent from 2006 levels. In addition, organizations are enhancing their benefits packages to attract top performers. Oftentimes, starting salaries vary by the size of the company, as well as its regional location. A staff accountant position at a large company in Los Angeles, for example, will likely pay a larger salary than would a midsize employer for the same role in Cleveland.

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ACCOUNTEMPS is a specialized temporary staffing service for accounting, finance and bookkeeping professionals. Accountemps provides support throughout an accounting department. Headquartered in Menlo Park, Calif., Accountemps and has more than 270 offices in North America, Europe and Australia. Accountemps' Career Counselor column, a SmartPros staple for over four years, is refreshed twice a month.

2007 SmartPros Ltd. All rights reserved.

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