Accounting Salaries Increase 4.65 Percent In 2000

Starting salaries for Y2K are expected to increase by 4.65 percent, according to the newly released Robert Half [1] and Accountemps Salary Guide. Last year’s increase was 4.67 percent, so rest assured that the demand for these individuals hasn’t decreased in the past 12 months.

Large accounting firms (those with fees of $250M+), will see salaries increase 4.8 percent with managers and directors looking at an 8.4 percent increase. Small accounting firms may be hit hard, too, with first-year accountants facing a 5.8 increase in average base compensation. Corporate managers can look forward to a 6.9 percent increase.

The fastest growing salary for 2000 goes to accounts payable managers at medium-sized firms. Base compensation for these individuals is expected to rise by 14.1 percent to a range of $32,000 to $45,000 per year. Accounts payable managers at large firms should see a 9.4 percent gain, to between $37,250 and $47,000 annually.

For a free copy of the 2000 Robert Half and Accountemps Salary Guide, please call (800)803-8367