<p>I want to do accounting but i am worried about my salary.</p>
<p>I want to make 6 figs some point in my life ( preferably in my 20s).</p>
<p>hmm</p>
<p>Please make sure you do like and can handle accounting!</p>
<p>You have got to be kidding me.</p>
<p>
[quote]
I want to make 6 figs some point in my life ( preferably in my 20s).
[/quote]
I too had a dream once, until it was crushed by something called a reality check.</p>
<p>So can anyone give me a general trend of salary and different routes an accountant can go?</p>
<p>I went online and saw some job offerings for an accountant starting at 80 K!</p>
<p>From what I hear around 50k is the average starting. Accountants do make 6 figures but not as quickly as I bankers DID (:P).</p>
<p>Please read post number one in thread " Everything you should know or wanted to know about accounting." It is found in the featured section of this forum at the top. It does include salary data. </p>
<p>Generally , public accounting firms start their staff out at salaries between $51,000-57,000. It rises about 10% per year. Once you make your first level of manager,which is a senior , you should be earning around $75,000+ and possible also receive bonuses.
This takes between 3-4 years to become a senior.</p>
<p>Second level managers such as supervisors should earn close to 6 figures in public firms.
This usually takes between 5-7 years.
Higher level managers and low level partners should easily earn six figures.This can take between 7-9 years</p>
<p>If you want to make 100k in your 20s go with petroleum engineering. They start AT LEAST at $100k.</p>
<p>Tale a long-term view of the field that you are in. For example, there are many investment bankers who are "crying the blues" today. Yes, petrolium engineers can start at a high salary but don't usually rise that quickly after that. Accountants on the other hand,who are good at what they do, can earn very high incomes if they make partner or start their own practice. They also have a lot of opportunities in management because corporations like accounting backgrounds. Thus, it provides a very great degree of job opportunities.</p>
<p>And strippers make $120k a year and they don't have to memorize anything.</p>
<p>
[quote]
Tale a long-term view of the field that you are in. For example, there are many investment bankers who are "crying the blues" today. Yes, petrolium engineers can start at a high salary but don't usually rise that quickly after that.
[/quote]
Source please.</p>
<p>As for the Ibankers, just read the paper on layoffs at various banking institutions.</p>
<p>As for Petrolium Engineers, check out:</p>
<p>PayScale</a> - Petroleum Engineer Salary, Average Salaries</p>
<p>PayScale</a> - Accounting Salaries - Accountant Average Salary</p>
<p>PayScale</a> - Certified Public Accountant (CPA) Salary, Average Salaries</p>
<p>Ummm. Not sure you're making your case.</p>
<p>
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I want to make 6 figs some point in my life ( preferably in my 20s).
[/quote]
Computer Science major, and be very good.</p>
<p>rheidsan; you sir are a moron.</p>
<p>Those figs were just for top students at TEXAS schools. The rest of the country is about 70k.</p>
<p>I have 2 PE family members. It's not as glorious as you may think. You better like gettng your hands dirty and traveling to unhospitable locations if your a field engineer.</p>
<p>Good luck, there's a reason I want to be a CPA.</p>
<p>
</p>
<p>Pointless recommendation. If he was going to be 'very good' he would already have been making flash cartoons on newgrounds when he was 8 and would have hacked this site to find the correct answer by now. His L33Tness would also be apparent, especially to himself.</p>
<p>And don't worry about taxguy. He lives to be wrong.</p>
<p>
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rheidsan; you sir are a moron.
[/quote]
Ad hominem. Wiki it if you don't know, or go back to school.</p>
<p>
[quote]
Those figs were just for top students at TEXAS schools. The rest of the country is about 70k.
[/quote]
Per payscale.com:
A CPA with 20 yrs or more experience only makes $76k (PayScale</a> - Certified Public Accountant (CPA) Salary, Average Salaries), while
A Petroleum engineer with less than 1 year makes $73k (PayScale</a> - Petroleum Engineer Salary, Average Salaries).</p>
<p>
[quote]
I have 2 PE family members. It's not as glorious as you may think. You better like gettng your hands dirty and traveling to unhospitable locations if your a field engineer.</p>
<p>Good luck, there's a reason I want to be a CPA.
[/quote]
Kid, please... if you're not a CPA yet...</p>
<p>As I said, the people who make the big bucs in accounting are your partners. If you don't make partner, you will be better off in engineering.</p>
<p>
[quote]
As I said, the people who make the big bucs in accounting are your partners. If you don't make partner, you will be better off in engineering.
[/quote]
Even that is tenuous. Just as the best accountants become partners, the "best" Petroleum engineers turn into things which are paid much better than the standard petroleum engineer. A 99th percentile earner with a Petroleum engineering degree likely is a high level manager or even an owner of a small independent producer. You have to compare equal percentiles, and simply put I'm not sure Accounting has anything on Petroleum engineering at the moment.</p>
<p>If your after money and stability, petroleum geologists literally start at 6 figs and is safe. If an oil bust happens, you can go into another branch of geology unlike PE.</p>