Standard Salary Manager Finance Accounting

Standard Salary Manager Finance Accounting – Average Manager/Accountant Salary $91,315 Annually To create our salary estimates, we start with data found in publicly available sources such as the US. Bureau of Labor Statistics (BLS) and Foreign Labor Certification Data Center (FLC). Show more

Managers/accountants earn an average of $91,315 per year or $43.9 per hour in the United States. Managers/accountants at the lower end of this spectrum, specifically the bottom 10%, earn about $65,000 a year, while the top 10% make $127,000. Location affects how much a manager/accountant can expect. Managers/accountants make the most in Connecticut, New York, Massachusetts, New Jersey, and Maryland.

Standard Salary Manager Finance Accounting

Standard Salary Manager Finance Accounting

The average salary for a manager/accountant in the US is approximately $91,315 per year, which breaks down to $43.9 per hour. Interestingly, managers/accountants have the highest salaries in New York, New York, at around $107,759 per year. For those just starting out, the average starting salary in New York, New York is $73,000. Additionally, Managers/Accountants earn above average salaries in San Francisco, CA, Boston, MA, Baltimore, MD, Seattle, WA, and Las Vegas, NV. On a broader level, salaries for managers/accountants are highest in Connecticut, New York, Massachusetts, New Jersey, Maryland, Washington, and Nevada. In contrast, Nebraska, Louisiana and Utah offer the lowest managerial/financial accounting salaries.

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The salary of a manager/financial accountant can vary from entry level to executive level depending on the person’s experience. An accountant with 0-2 years of experience earns an average salary of $62,784, a mid-career professional with 3-6 years of experience earns an average of $91,315 per year, and a senior accountant with 7-12 years of experience earns an average salary. Annual salary $149,354. Data on how experience level affects total compensation is provided by the Bureau of Labor Statistics (BLS) as part of its National Compensation Survey, which is based on factors such as knowledge, difficulty, contacts and environment.

In our latest salary estimates, the highest paying management/accounting companies are Mayo Clinic and Genentech. Additionally, companies such as Pacifi and Workday report highly competitive managerial/finance salaries.

Connecticut is the highest-paid manager/financial accountant in the United States, with an average salary of $110,820 per year, or $53.28 per hour.

You will know you are being paid fairly as a manager/accountant when your salary is close to the average salary in the state where you live. For example, if you live in New York, you’ll pay about $107,690 a year. Discussing salaries is still taboo in the professional world, even in 2022. Because of a culture of silence about salaries, professionals are often left in the dark about what their peers and industry peers are making. Without a clear indication of what others are doing, finance professionals can find themselves on the losing end of salary negotiations.

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To shed light on CFO salaries and finances, we surveyed more than 800 CFO Connect members from around the world.

A subsequent CFO salary indicator revealed wage disparities across countries, genders and age groups across financial positions. This article includes a selection of report findings that should be useful in salary negotiations for all financial positions. Let’s dive in!

CFO Connect is a global community with members around the world. This survey focuses on financial leaders in Europe and North America and shows a stark difference in salary expectations.

Standard Salary Manager Finance Accounting

Financial professionals in the United States earn the highest salaries among respondents. French financial leaders earn less than half that of their American counterparts.

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Average wages in France are still higher than in Italy, Austria, Portugal and Spain. But in all of these countries, average wages are lower than in the United States, the United Kingdom, and Germany.

Salaries for finance professionals worldwide have increased since our survey last year. The only exception is Great Britain, where wages fell by 2%.

Now that we’ve seen the differences between countries, let’s take a closer look at the salary gap between financial positions.

Of course, the pay of financial professionals depends on their specific title and/or role in the company. CFO and VP Finance positions are expected to typically command the highest salaries, while accountants, FP&A managers, and finance managers sit at the lower end of the pay scale.

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However, company hierarchy does not always dictate salary. Historically, the VP of Finance has earned no more than the CFO, although our data suggests otherwise. Several factors driving this trend can be found in our research results: negotiation skills, job title inconsistencies between countries or regions, and company size.

Of the more than 800 financial professionals surveyed, 70.6% identified as male and 28.5% identified as female. 0.8% of respondents either did not answer or gender was mismatched.

Finance is still a male domain, especially at the top of the corporate hierarchy. In fact, only 21.9% of CFOs in our survey are women.

Standard Salary Manager Finance Accounting

And this disparity clearly spills over into wages. Our research shows that women in finance earn on average 13% less than men.

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Not only is this gender pay gap consistent across all positions in finance, it exists even early in women’s careers. Young women in finance (ages 25-30) earn 24% less than their male counterparts.

While the gender pay gap may be closing, progress is slow. The fact that men and women are unequal at the start of their working lives means that there is much to be done.

Not surprisingly, CFO salaries increase with age and experience. Older respondents report higher earnings, essentially three times the salary of younger CFOs after age 40.

The largest jump in average CFO salary occurs between the 30-40 and 40-50 age groups. After 50, the average salary does not increase as much as in previous decades.

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The relationship between experience and salary should come as no surprise. However, a relative plateau after 50 years could mean that CFOs reach a salary threshold that is difficult to overcome.

Telecommuting has grown exponentially since the start of the pandemic, for obvious reasons. However, not all finance professionals or finance teams are completely remote.

The US stands out in this regard, with 57% of respondents working remotely full-time, while their European counterparts work remotely part-time in a hybrid model.

Standard Salary Manager Finance Accounting

France reports the lowest number of fully remote finance professionals at just 7%. Cultural differences and attitudes toward remote work, especially full-time remote work, can affect how much freedom finance teams have to work away from the office.

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Salaries for CFOs and other finance professionals can vary greatly by geographic location, age, role and, unfortunately, gender. But our CFO salary benchmark also examines differences in non-salary compensation, such as: B. Health care benefits, telecommuting flexibility and equity.

We understand that salaries can be a hot topic. Our Financial Resources Indicator aims to shine a light on finance salaries at all levels to ensure finance professionals recognize their value and can negotiate salaries appropriately.

Close the books four times faster, collect over 95% of receipts on time, and get 100% transparency on company costs, potentially earning between S$3800-7200 and S$3500-7600.

Links International’s Singapore Salary Guide 2021 dives deep into six sectors in Singapore to compare market trends from 2020 to 2021 and provide salary indices for various roles. The areas are: sales and marketing; banking, finance and accounting; information technology; staff, administrative and business support; procurement, supply chain and manufacturing, and life science and healthcare.

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According to the report, wages are projected to increase by up to 11% (without job changes) and up to 25% (with job changes) across all six sectors.

In relation to Singapore as a whole, the share will probably not be more than 4% or 15%. Looking at industry-specific figures, they are:

Also Read: Expected Wage Growth in APAC in 2022: Singapore, Malaysia, Hong Kong, Thailand, Vietnam, India, Indonesia and More

Standard Salary Manager Finance Accounting

In 2020, this business function has taken on a more visible and active role in organizations due to COVID-19. According to the report, professionals are tasked with managing remote work contracts, visa applications, layoffs and other operational changes.

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HR professionals who specialize in stakeholder management and organizational strategy are seeing their importance grow. Businesses are looking for plans that will help them better deal with the changes and economic challenges of the weather without being hurt,” the report added.

Regarding the outlook for HR, administration and business support in 2021, the report predicts that there will be a greater focus on the use of technology in companies so that more HR professionals are trained to improve their technical skills. In addition, other initiatives are being taken to make it easier for companies to access HR technology solutions and incorporate cloud-based HR systems into their business processes.

In terms of the key positions of this business function, it is

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