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SALARY / BENEFITS SURVEY
2010 MARYLAND PUBLIC ACCOUNTING SALARY SURVEYBig
4/National CPA Firms Salary Survey
| Title/Years of Experience |
Low |
Med |
High |
| Entry Level Graduate |
$50,000 |
$53,500 |
$55,000 |
| (Staff) Accountant 1 Year |
$52,000 |
$55,000 |
$59,000 |
| (Staff) Incharge 2 Years |
$56,000 |
$58,000 |
$65,000 |
| Senior 3 Years |
$65,000 |
$69,000 |
$72,000 |
| Senior 4 Years |
$72,000 |
$76,000 |
$80,000 |
| Supervisor 5 Years |
$80,000 |
$86,000 |
$92,000 |
| Manager 6 Years |
$95,000 |
$105,000 |
$110,000 |
| Manager 7 Years |
$97,000 |
$108,000 |
$130,000 |
| Senior Manager 8-9 Years |
$122,000 |
$136,000 |
$150,000 |
| Senior Manager 10-11 Years |
$160,000 |
$175,000 |
$200,000 |
| Partner 12+ Years |
$350,000 |
$450,000 |
$900,000+ |
Regional, Large & Medium Size /
Local CPA Firms Salary Survey
| Title/Years of Experience |
Low |
Med |
High |
| Entry Level Graduate |
$47,000 |
$49,000 |
$51,000 |
| (Staff) Accountant 1 Year |
$51,000 |
$53,000 |
$55,000 |
| (Staff) Incharge 2 Years |
$55,100 |
$57,500 |
$59,200 |
| Senior 3 Years |
$60,000 |
$62,500 |
$64,000 |
| Senior 4 Years |
$64,000 |
$66,950 |
$68,000 |
| Supervisor 5 Years |
$70,000 |
$72,400 |
$75,000 |
| Manager 6 Years |
$76,000 |
$78,000 |
$80,000 |
| Manager 7 Years |
$82,100 |
$85,800 |
$88,000 |
| Senior Manager 8-9 Years |
$90,000 |
$100,000 |
$140,000 |
| Principal 10-11 Years |
$115,000 |
$135,000 |
$160,000 |
| Partner 12+ Years |
$170,000 |
$300,000 |
$500,000 |
Small CPA Firms / Sole
Practitioners Salary Survey
| Title/Years of Experience |
Low |
Med |
High |
| Entry Level Graduate |
$37,000 |
$38,900 |
$39,100 |
| (Staff) Accountant 1 Year |
$40,000 |
$42,800 |
$44,900 |
| (Staff) Accountant 2 Years |
$48,600 |
$50,900 |
$52,800 |
| (Staff) Incharge 3 Years |
$52,200 |
$53,700 |
$54,900 |
| Senior 4 Years |
$54,000 |
$55,100 |
$56,600 |
| Supervisor 5 Years |
$56,600 |
$58,900 |
$60,000 |
| Manager 6 Years |
$60,100 |
$62,400 |
$64,100 |
| Manager 7 Years |
$64,800 |
$66,100 |
$68,500 |
| Senior Manager 8-9 Years |
$68,800 |
$70,000 |
$75,000 |
| Partner 10-12 Years |
$100,700 |
$130,000 |
$150,000 |
Our Public Accounting Salary Survey is completed by July of each year after promotions
and raises are awarded, and June graduates have begun. Accountants are encouraged to pass
the CPA examination by their fourth year of employment.
Staff accounting positions through management positions may pay additional incentives
such as overtime, discretionary bonus, profit sharing, and sign on bonus (these are
included in our survey).
What are you actually earning?
To make a sound, financial, career decision for your next job change, you need to
calculate what you are earning per hour. An average work week consists of 40 hours,
multiplied by 52 weeks, equals 2080 hours per year. During tax season, the average amount
of overtime expected is 225 hours. Added together this totals 2305 hours. If you, for
example, work 2600 hours for $50,000 per year and another person works 2305 hours for the
same pay, you are actually earning $19.23 per hour compared to their $21.69 per
hour--$2.46 less per hour! It would take an additional 295 hours per year to
receive the same compensation--something you certainly want to consider when making
your decision.
The best firms hire the most talented CPAs. Move up to a
Big Four, Regional or larger local CPA firm. Take advantage of these very successful firms
that offer outstanding business opportunities, excellent salaries, better benefits, and
comfortable working conditions. Firms that go the extra mile to please good employees.
Firms that are clients of Ray Holland. Ask Ray to introduce you!
2010 MARYLAND PUBLIC ACCOUNTING BENEFITS SURVEY
Our Personnel Benefits Survey is a list of various benefits available from Large to
Small CPA firms. Benefits are generally worth 15-20% of your annual compensation. Compare
your benefits to the various benefits available with our client firms. Benefits normally
begin within 30 days of starting work.
Health Care Plans
Point of Service Plan
Health Maintenance Plan
options:
Dental Plan Co-pay of $15.00
Vision Plan Co-pay of $15.00
Prescription Co-pay of $15.00
Employee - free or contribution up to 50% of monthly cost
Coverage for Family members - free or cost extra per month
Cafeteria Plan, Section 125
Plan provides a tax free way to pay for additional out-of-pocket health care and child
care expenses.
Life Insurance
Coverage of 1 to 2 times your salary provided by the employer at no charge to the
employee.
Accident Insurance
Coverage is provided by employer.
Long Term Disability
Provides you with continuing partial income for longer than 4 months - coverage is
provided by employer.
Short Term Disability
Provides you with partial income up to 3-4 months - coverage is provided by employer.
Incentive Savings Plan / 401k
You may contribute from 2-6% of your salary for investment plans. No match by firm.
Vacation
1st Year 2 weeks vacation
5 Years 3 weeks vacation
Holidays
7-9 paid holidays per year
Tuition Aid Plan
Courses related to your job; reimbursed for following grades:
A -
100%
B -
75%
C -
50%
Personal Days / Sick Leave
Five per year
Casual Business Dress
Most Local firms have Casual Friday and a few have Casual Business Dress every day
except when visiting a client.
One Half Day Off
During the summer, you work until 1:00 P.M. on Friday unless a client needs servicing.
Parking
Free parking in county locations.
Overnight Travel
Lodging, meals and airfare are reimbursed by employer.
Mileage Reimbursement
Mileage from business to client is reimbursed at 31¢ a mile by the firm.
Island Trip
One firm takes their employees and significant others to the Islands for four days.
CPA Exam
Firms will give employees 2-5 days off for study time prior to sitting for the exam.
CPE Courses
Firms will offer 40 hours of CPE courses free to employees.
Flex Time
Due to the demand of talented CPAs, some firms are now offering a reduced work week of
25 to 30 hours; during tax season, from February to April 15th, you will be
expected to work 45-50 hours per week. You can even have the entire summer off!
If your firm doesn’t offer the best opportunities, compensation and benefits, then
it’s time to move to a firm that does. Please call Ray Holland to discuss the many
opportunities available.
2010 MARYLAND CORPORATE ACCOUNTING SALARY SURVEY
(Under construction)
For further information or to set up
an appointment, call Ray Holland between 9 A.M. and 5 P.M. Monday through Friday.
Please send your resume to Ray Holland's Email address below or fax to: 410-420-2511
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| Email: ray@hollandcpasearch.com |
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The Harvest Building
2345 York Road, Suite 300
Timonium, MD 21093
Office: 410-308-1300
Fax: 410-420-2511
Hours: 9 am. to 5 pm.
Monday thru Friday |
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