It All Adds Up

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Things are looking up for number crunchers. More companies are turning to accountants for advice on making their strategic moves, and are willing to pay top dollar to attract them. Starting salaries in accounting and finance are projected to increase by an average of 6.9 percent this year compared with 4.7 percent in 2000, according to a survey by Robert Half International. Financial analysts are expected to see the biggest increases in average starting salary — $37,750 to $55,750 at small firms, and $56,500 to $69,250 at mid-size firms. The demand for accounting and finance professionals is expected to be especially strong in the high-tech industry, as well as the insurance, construction, and real estate sectors.

IN THE BLACK

The average starting salary for a CFO will jump from $81,000 to $107,250 this year, while credit managers will see a 9.4 percent salary increase.

Job Starting Salary Salary Increase

2000-2001
Payroll clerk $28,000-$34,000 14.8%
Chief financial officer $81,000-$107,250 11.7%
Public accountant $31,000-$36,500 8.4%
Credit manager $52,000-$75,500 9.4%
Source: Robert Half International
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