Many things need to be taken into account when determining what one needs to do to reach a certain pay grade as an accountant. For this essay, low pay grade is defined as an accountant earning less than $50,000, medium pay is defined as $50,001 – $75,000, and high pay grade is defined as more than $75,001. Many factors influence pay grade of accountants, such as education, type of job, experience level, workplace setting, and location. Within education, it is important to look at the type of degree earned and the prestige of the university attended. The type of job can range from being only an assistant to chief financial officer (CFO). Experience level ranges from an entry-level position to late-career positions. Workplace setting is varied
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With the well education these accountants have more opportunities to find well paying jobs, that coincide with the median national average pay. The degrees which the accountants hold usually come from a college such as, University of California Irvine or Northern Arizona University, which are well respected schools, yet they are not top 20 colleges or ivy league universities. The types of jobs which normally are held by the middle paid accountants are certified personal accountants (CPA), accounting managers, and forensic accountants. The duties which these types of accountants deal with are performing financial calculations, analyze financial statements, and generate and interpret financial records and statements. The bulk of this work requires due diligence,which allows for limited mistakes; the work also requires great algebraic skills. This is due to the mid career level. The medium paid accountants typically are experienced in the job, with years of experience. The medium paid accountants are the ones doing the intermediate financial work, going over the specifics, usually following orders of the bosses above them. Locations vary within the middle paid accountant …show more content…
Due to the higher education which these accountants hold, the opportunities are limitless and these accountants have employment opportunities which result in the high pay category. The degrees that the high pay accountants hold are typically received from prestigious universities, universities such as Harvard or UC Berkeley, these universities are world known and highly sought after. The kinds of jobs which the high pay accountants hold are CFO, Finance Director, and Director of Finance & Administration. The duties of these jobs are overseeing the financial operations of the companies, create strategic plans regarding the company’s finances, develop and administer internal control policies. The majority of this work is from top management, which entails long hours and various stressful tasks, and great leadership skills with no room for mistakes. This is due to the high pay level of these accountants. The high pay accountants are frequently the ones with the most experience in the field, making the decisions that affect the company as a whole. The bulk of high pay accountants are within large corporations or midsize successful financial firms. Locations vary among accountants but the majority of high pay accountants come from coastal metropolitan areas such as San Francisco, New York and Washington, which
With the well education these accountants have more opportunities to find well paying jobs, that coincide with the median national average pay. The degrees which the accountants hold usually come from a college such as, University of California Irvine or Northern Arizona University, which are well respected schools, yet they are not top 20 colleges or ivy league universities. The types of jobs which normally are held by the middle paid accountants are certified personal accountants (CPA), accounting managers, and forensic accountants. The duties which these types of accountants deal with are performing financial calculations, analyze financial statements, and generate and interpret financial records and statements. The bulk of this work requires due diligence,which allows for limited mistakes; the work also requires great algebraic skills. This is due to the mid career level. The medium paid accountants typically are experienced in the job, with years of experience. The medium paid accountants are the ones doing the intermediate financial work, going over the specifics, usually following orders of the bosses above them. Locations vary within the middle paid accountant …show more content…
Due to the higher education which these accountants hold, the opportunities are limitless and these accountants have employment opportunities which result in the high pay category. The degrees that the high pay accountants hold are typically received from prestigious universities, universities such as Harvard or UC Berkeley, these universities are world known and highly sought after. The kinds of jobs which the high pay accountants hold are CFO, Finance Director, and Director of Finance & Administration. The duties of these jobs are overseeing the financial operations of the companies, create strategic plans regarding the company’s finances, develop and administer internal control policies. The majority of this work is from top management, which entails long hours and various stressful tasks, and great leadership skills with no room for mistakes. This is due to the high pay level of these accountants. The high pay accountants are frequently the ones with the most experience in the field, making the decisions that affect the company as a whole. The bulk of high pay accountants are within large corporations or midsize successful financial firms. Locations vary among accountants but the majority of high pay accountants come from coastal metropolitan areas such as San Francisco, New York and Washington, which