ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Show Them the Money: the Highest Paid Accountants in the USA

Updated on March 28, 2012
Source

© 2011 by Aurelio Locsin

Accountants manage the money of companies or individuals by keeping records of finances, following government regulations and paying taxes on time. They can also analyze budgets, plan investments and recommend number-crunching technology. Their salaries vary according to job, location and employer. Information is from the March 27, 2012 update of the U.S. Department of Labor.

Types

Accountant can specialize in four major fields. Public accountants handle general accounting matters for clients ranging from individuals to corporations. Management accountants analyze financial information for the companies in which they work. Their duties can include budgeting, asset management and financial reports to the stockholders. Government accountants and auditors manage the records of government agencies, and audit the financial records of businesses or individuals who fall under government regulations. Finally, internal auditors ensure that the financial controls of their companies are effective, and that all procedures and government regulations are followed.

Averages

As of 2011, over a million accountants work in the USA, earning a mean annual wage of $33.72 per hour or $70.130 per year. The lowest ten percent make $19.06 per hour or $39,640 per year, while the highest 10 percent receive $52.82 per hour or $109,870 per year.

Employers

Over a third of all accountants work for accounting, tax preparation, bookkeeping and payroll services, where they make slightly better than average pay of $36.09 per hour or $75,060 per year. This grouping also includes those who work for themselves. The employers paying the highest salary are dry cleaning and laundry services at $43.88 per hour or $91,260 per year but with only 310 positions. The next highest paying employers is the federal government at $43.24 per hour or $89,930 per year, but it only contains slightly over two percent of the accounting jobs.

States

The state with the highest employment for the profession is California, with 121,590 positions paying a mean $36.02 per hour or $74,910 per year. Following it are New York, Texas, Florida and Pennsylvania. New York has the highest mean pay at $40.90 per hour or $85,070 per year for its 92,630 professionals. It leads the highest paying states, which are clustered in the Northeast and include the District of Columbia, New Jersey, Maryland and Massachusetts. Though not a state, the Labor Department classifies DC as such in its reports.

Cities

The city with the highest employment is New York with 64,450 accountants. It also has the highest mean pay at $43.13 per hour or $89,720 per year. Los Angeles, Washington DC, Chicago and Houston have the next highest levels of employment. As for the other top paying metropolitan areas, they include Newark, New Jersey, at $41.88 per hour or $87,120 per year, and Nassau-Suffolk Counties, New York, at $41.67 per hour or $86,670 per year. San Francisco, California, follows with means at $41.46 per hour or $86,230 per year.

Rural Areas

For non-metropolitan areas, Kansas has the highest level of employment at 1,930 jobs, but only has mean wages of $26.12 per hour or $54,330 per year, which is lower than the national mean pay for accountants. The other rural areas with the highest levels of employment are Eastern Texas, West Northwestern Ohio, rural North Carolina and part of the Lower Peninsula of Michigan. The highest paying rural area belongs to Western Central Nevada at $39.61 per hour or $82,390 per year but with only 160 jobs. Southwest Massachusetts is next at $37.09 per hour or $77,150 per year, but with only 80 jobs.

Comments

    0 of 8192 characters used
    Post Comment

    • alocsin profile imageAUTHOR

      alocsin 

      5 years ago from Orange County, CA

      I'm afraid I don't have any data on MBA/accountant mixes, CelebrateUSA.

    • CelebrateUSA profile image

      Ken Kline 

      5 years ago from Chicago, Illinois

      The accounting field is not for everyone but it is a stable field that can support yourself and your family. Very well done article.

      Any guidance on what an Accounting degree combined with an MBA will bring as an average salary?

      The world going global, I believe the next decade will offer up more standardization of the reporting.

    • alocsin profile imageAUTHOR

      alocsin 

      7 years ago from Orange County, CA

      Thank you. I've been using an accountant for years as well for the exact same reason.

    • b. Malin profile image

      b. Malin 

      7 years ago

      Interesting Hub, Alocsin, Lots of useful and iIformative Information. We've had our Accountant many years and really respect her judgement for Taxes. We could never keep up with all the new laws and regulations.

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)