One of the most common questions I am asked is "What are starting salaries". This question implies - What are salaries for Staff Accountants with a degree in Accounting and 0-1 year of work experience.
According to a new report from the National Association of Colleges and Employers,
the average offer to finance majors rose by 1.6 percent to $50,546, and the average offer to accounting majors inched up by 0.4 percent to $48,575.
On the other hand, business administration/management grads saw their average offer fall 8 percent to $42,094. Marketing graduates’ average salary offer also fell, but not as far, to $42,710, down 2.1 percent from last year.
This is a change in the right direction from the tone set by PWC in March of 2009 when they indicated their belief that starting salaries for the coming year would be down 10-12%. A link to the PWC letter follows:
www.pwc.com/en_US/us/faculty-resource/assets/0309_continuing.pdf
At the Big 4 level, I am hearing that salaries for 2010 are flat with 2008 and 2009 at $50,000 inclusive of overtime. At the local firm level in Los Angeles, salaries in 2010 have been in the $43,000 to $45,000 a year level with overtime paid. This represents a small yet positive change.
For more information about salary trends, check back often.
Write to: Allan Fisher
This comment has been removed by a blog administrator.
ReplyDelete