IMA Survey: Accountants' Salaries Hold Steady
by Terri Eyden on
By Terri Eyden
The twenty-third Institute of Management Accountants (IMA) Annual Salary Survey contains a plethora of data and is segmented by categories, such as compensation and degrees, years in the field, organization structure, industry, geography, and management level.
According to the survey, the average total compensation rose for IMA members. While the average salary of members dropped 0.2 percent, a 0.9 percent rise in total compensation, driven by salary increases such as bonuses, indicates a positive sign for the accounting profession.
- Average reported salary: $109,001 in 2011, down slightly from $109,265 in 2010
- Average salary increase: $6,135, up from $5,700 in the past three years
Average salaries of those with certification
- CPA certification: $121,296
- Both CMA and CPA certification: $120,002
- CMA certification: $109,880
Average salaries by years in the field ‒ women vs. men
- One to five years: $68,735 for women; $83,893 for men
- Six to ten years: $76,639 for women; $95,094 for men
- Eleven to fifteen years: $82,445 for women; $117,341 for men
- Sixteen to twenty years: $95,669 for women; $117,736 for men
- More than twenty years: $103,470 for women; $127,576 for men
- Both men and women reported an increase in additional compensation; women went from $14,485 to $16,040, and men went from $34,416 to $36,885
- Median amount of additional compensation for 2011 was $12,500
- Mean amount for 2011 was $29,977
- 71 percent of respondents receive additional compensation, up 3 percent from 2010
- 77 percent of respondents receive either a bonus or profit sharing, up from 75 percent in 2010
- 98 percent of respondents receive some form of health care coverage
Average total compensation of those with certification
- Both CMA and CPA certification: $149,484
- CPA certification: 145,712
- CMA certification: $131,093
Average total compensation by years in the field ‒ women vs. men
- One to five years: $77, 448 for women; $93,730 for men
- Six to ten years: $82,049 for women; $108,217 for men
- Eleven to fifteen years: $90,541 for women; $148,374 for men
- Sixteen to twenty years: $106,766 for women; $142,422 for men
- More than twenty years: $116,414 for women; $156,966 for men
Average salaries by region
- Northeast: $125,488
- Mid-Atlantic: $118,468
- South: $105,001
- Midwest: $103,176
- Plains: $104,887
- Mountain: $105,302
- West Coast: $114,001
The IMA commented on the overall results of the survey by saying, "Some bright areas include an increase in the number of members who individually reported getting a raise; an increase in the number of younger members who are certified; and the ongoing consistency that salaries increase with experience, certification, and graduate degrees. Despite turmoil in the US economy and around the world, the basic recipe seems to remain the same for accountants to position themselves for future salary gains."
The survey, which is published in June's edition of Strategic Finance magazine, was mailed to a random sample of 5,122 IMA members in the United States in early December 2011. You can access the survey and learn more about IMA on its website.
- 2011 Accounting Graduates Earning Average Salaries of $50,000
- Weighing In on Employee Benefit Plans
- Accounting Jobs Are Safe in Current Economy
You may like these other stories...
Regulatory compliance, risk management and cost-cutting are the big heartburn issues for finance execs in the C-suite. Yet financial planning and analysis—a key antacid—is insufficient.That's just one of the...
Event Date: September 11, 2014, 2pm ETThis webcast will include discussions of commonly-applicable Clarified Auditing Standards for audits of non-public, non-governmental entities. DOWNLOAD THE SLIDE DECKDOWNLOAD THE...
Event Date: August 26, 2014, 1pm ETThis webcast will include discussions of recently issued, commonly-applicable Accounting Standards Updates for non-public, non-governmental entities. DOWNLOAD THE SLIDE...
Upcoming CPE Webinars
This webcast will include discussions of recently issued, commonly-applicable Accounting Standards Updates for non-public, non-governmental entities.
Excel spreadsheets are often akin to the American Wild West, where users can input anything they want into any worksheet cell. Excel's Data Validation feature allows you to restrict user inputs to selected choices, but there are many nuances to the feature that often trip users up.
In this session we'll discuss the types of technologies and their uses in a small accounting firm office.
This webcast will include discussions of commonly-applicable Clarified Auditing Standards for audits of non-public, non-governmental entities.