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Finance accounting Salary

Even in the face of what many people considered the worst financial crisis since the World War Two, there was still a huge deficit of certain skills which included accounting. Thus, accountants the world over enjoyed a salary increase, albeit modest. Also, the 2009 Salary Guide courtesy of Robert Half International revealed other more specialized knowledge which has the ability of enhancing the marketability of a professional. Among these include experience in credit collection as well as account reconciliation.

This is in line with the demands of most companies today which tend to value employees who can come up with cost efficiency measures, enhance use of technology as well as those who are capable of developing long-range business strategies. While it is evident that many professionals are not willing to quit their secure employments in the face of such an unpredictable economy, it has become increasingly competitive for people to get jobs, thus the need for more specialized skills to stave off the stiff challenges.

There is still better news for the accountants. The 2010 research forecasts a 3.4 % rise in salary for staff in finance and accounting departments. The general trend today is that companies have a particular bias towards employees who are able to not only reduce inefficiencies but also greatly enhance their profitability. Also in the league of marketable professions are employees who are conversant with international financial reporting standards.

There are three in-demand accounting and financial positions that are not only marketable but also attract nice perks. They include the following:

Staff and senior accountants

Companies are in need of accountants who will be responsible for overseeing critical duties such as the general ledger, reconciliation, performing accountant analysis as well correcting journal entries and performing the monthly close. Large companies will pay staff accountants with one to thee years of experience a starting salary that ranges between $44,500 and $57,250. There is particular demand of CPA holders who have at least three years of work experience.

Public accountants

Another area in accounting that is known to attract good salary packages is in public accounting. The public accounting firms are in short supply of skilled professionals who will aid clients with fundamental accounting, audit and tax issues. The starting salary for these accountants is in the range of $54,000 to $69,250.

Credit and collections specialists

The final cadre of high caliber accounting jobs that pay handsomely is the credit and collection specialists. Their salaries range from $29,250 to $37,500.

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