New Accounting Salary Survey Shows Gender Disparities
CareerBank.com has released its 2002 Salary Survey Report for accounting, finance, and banking professionals. The survey, based on online responses from 2,575 participants, shows some striking disparities between genders. The results are based on 52% male and 48% female respondents. The average overall salary for all survey participants is $55,762, with $65,135 for male participants and $45,687 for females.
The majority of respondents, 56%, hold bachelor's degrees, 22% hold masters degrees. Of those with bachelor's degrees, the average salary is $54,078; for master's degrees, the average jumps to $71.290. But for men, the averages are $60,091 bachelor's, $78,977 master's, while women are averaging $46,989 bachelor's and $57,527 master's.
Average staff accountant salaries are $59,151 men, $47,247 women. Average audit manager salaries are $66,667 men and $59,382 women. The average partner salary is $135,529 for men and $119,000 for women.
Overall, 35% of participants experienced a raise of less than 2% the last time their salary increased. The majority of participants, 40%, are employed at firms of less than 100. Interestingly, the highest average salaries for men, $70,708, are found at firms in the 100-500 employee range, while the highest average salaries for women, $56,740, are found at firms with more than 20,000 employees.
Participants came from all across the accounting and financial spectrum, with 27% from public accounting and finance/banking. According to the survey, the highest average salaries in the accounting and finance arena come from the following top five industries:
- Financial Services/Mortgage $77,089
- Consulting $71,460
- Telecommunications $64,759
- Information Technology $64,363
- Healthcare $58,122
The bottom two industries of the 11 that were surveyed are Public Accounting at $51,890, and Human Resources at $48,115.
You can read the complete survey results.