Internet Job Research: Accountants and Auditors Essay

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Updated: Mar 22nd, 2024

Introduction

Employers in the current job market are very precise with regard to qualification of potential employees. It is important for an individual pursuing a certain career path to acquire knowledge on the qualities, which most employers want. Not only should the job seeker know the job requirements but also the benefits that characterize the job.

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A single profession may offer different salaries based on the employees educational prerequisites, expertise and environmental location. The tables below show variation of salary with respect to various degree courses, geographical location and varying years of experience (Pay scale, 2011).

Accounting Manager

The basic obligation of accounting managers is to prepare and analyze financial documents. In addition, the accounting manager prepares budgets; appraise procedures and act as an administrator of assets (Bureau of labor statistics 2011). The above table reveal that this job not only pays a basic salary but also gives other benefits that include profit share and Bonus. Tables further disclose that salary increases with the number of years of experience.

Once a worker attains in excess of twenty years experience, no additional increment awarded. Bonus follows a rather peculiar trend as it increases as experienced is gained but once a worker attains twenty years of experience the amount of bonus decreases. Salary is awarded differently depending on degree course with holder of Masters in Business Administration being the best remunerated. Wages also fluctuate with regard to the geographical location. In this career, workers in the most urban and populous cities are best rewarded.

DetailAmount
Salary$39,558-$87710
Bonus$728-$11,151
Profit sharing$947-$7,003
Total pay$37,580-$91,381

Salary and bonus based on experience

Years of experienceNational Salary DataBonus
Less than 1 year$32,672-$47,932$2000
1-4 years$39,896-$58,565$2462
5-9 years$50,091-$75,499$4,798
10-19 years$50,877-$77,731$4,907
Over 20 years$50,422-$74,158$2,979

Salary based on degree

DegreeSalary
Bachelor of science( Accounting)$54,430-$80,179
Masters of Business Administration$61,403-$102,730
Associate’s Degree, Accounting$34,636-$50,000
Bachelor of Business Administration (Accounting)$57,561-$79,992
Bachelor of Arts (Accounting)$49,721-$75,076
Bachelor of Science(BS)$55,067-$70,256
Bachelor of Science Business administration$45,913-$84,500

Salary based on city (Geography)

Houston$52,338 – $82,750
New York$64,085 – $96,341
Los Angeles$53,611 – $82,025
Atlanta$53,175 – $74,721
Chicago$58,246 – $85,700
Dallas$51,977 – $76,380
Denver$54,605 – $72,943

Assistant Comptroller

The individual holding this office must have adequate knowledge in the accounting field as an assistant comptroller has the basic duty of ensuring that records kept adhere to accounting policies (Bureau of labor statistics, 2011). This career seems to pay more but the remuneration show similar trend to that of an accounting manager. “Benefits offered include a basic salary, bonus and profit share” (Bureau of labor statistics, 2011).

Salary and bonus increase with experience except bonus reduces on attainment of twenty years of practice. The statistic collected reveal that holders of Bachelor of Science (Accounting) receive better wages. Assistant comptrollers in the large populated cities generally receive better salaries in small towns.

It important that proper educational experience is gained as it plays an important role in determining once career path. It is essential that students further their education to enable them land into their dream careers. Overall, these two jobs are similar but an assistant comptroller job that relates to auditing is rather interesting and is in my career path.

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In conclusion, the two careers are related, as they require knowledge from the accounting field. The wages awarded to accounting managers and assistant comptrollers is relatively equal but the later are better paid. An accounting manager will be involved m in the preparation of records while an assistant comptroller will focus on enforcement standards.

DetailAmount
Salary$43,017-$95,241
Bonus$988-$17,676
Profit Sharing$977-$10,113
Total pay$41,598-$102,739

Salary and bonus based on experience

Years of experienceSalaryBonus
Less than 1 year$30,513-54,045$2000
1-4 years$43,933-$63,972$3,072
5-9 years$50,749-$76,460$5,131
10-19 years$57,670-$86,243$7,571
Over 20 years$53,025-$82,208$4,050

Salary based on degree

DegreeSalary
Bachelor of science (accounting)$51,730-$63,500
Bachelor of Business Administration$42,950-$65,850

Salary based on city (Geography)

New York,$65,505 – $96,562
Houston$46,794 – $79,800
Chicago$51,222 – $92,882
Los Angeles$68,153 – $87,371
Dallas$50,209 – $81,448
Atlanta$44,803 – $65,035
Boston$52,359 – $91,475

References

Bureau of labor statistics (2011). Accountants and Auditors. Retrieved from

Pay scale. (2011). Salary Snapshot for Accounting Manager Jobs. Retrieved from

Pay scale (2011). Salary Snapshot for Assistant Controller (Financial) Jobs. Retrieved from

Appendix – Tip sheet on Internet sites

  1. Run by a recognized body or organization, for example the government
  2. Constantly revised
  3. Accurate
  4. Appropriately authored
  5. Appropriately dated
  6. Contacts available
  7. Easily accessible information
  8. Referrals available for more details
  9. Affordability
  10. Sensitive to user’s needs
  11. Interactive interface
  12. User-friendliness
  13. Accurate sources
  14. Authorized modifications
  15. Disclaimers are available for people to seek professional help.
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IvyPanda. (2024) 'Internet Job Research: Accountants and Auditors'. 22 March.

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IvyPanda. 2024. "Internet Job Research: Accountants and Auditors." March 22, 2024. https://ivypanda.com/essays/internet-job-research/.

1. IvyPanda. "Internet Job Research: Accountants and Auditors." March 22, 2024. https://ivypanda.com/essays/internet-job-research/.


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IvyPanda. "Internet Job Research: Accountants and Auditors." March 22, 2024. https://ivypanda.com/essays/internet-job-research/.

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