July 22, 2018

Starting Salaries for Accounting Positions Keep Going Up

If you're a college student studying accounting, prepare your gloat face. Starting salaries for accounting and finance positions are expected to go up 3%-4.3% next year according to Robert Half's new salary guide.

If you're a college student studying accounting, prepare your gloat face. Starting salaries for accounting and finance positions are expected to go up 3%-4.3% next year according to Robert Half's new salary guide.

This increase is slightly down from last year, but the Bob Half people say the competition for able-bodied number crunchers is still intense:

The prediction trails the unusually high forecast for 2016, when the guide said starting salaries in accounting and finance would rise 4.0% to 5.3%, depending on the position. But the magnitude of the projected increase for 2017 doesn’t indicate a decrease in competitiveness in the job market, said Tim Hird, executive director of Robert Half Management Resources.

“We’re not seeing any slowdown by any means,” Hird said in an interview. “And, if anything, we’re seeing companies flex their muscles a bit more as it relates to the negotiation process and recognizing that they have to do things differently.”

Being flexible on pay is one thing, however, the hiring process itself is quite another:

Accounting employers, meanwhile, are most successful recruiting if they embrace a number of strategies, Hird said. The willingness to negotiate is one key, and a streamlined hiring process is another. Hird said companies and firms that subject candidates to a lengthy hiring regimen are losing potential employees who have multiple job offers.

So I guess the strategy for accounting firms and businesses looking to hire accountants this fall boils down to this: pay more and be snappy about it.

[JofA]

Earlier:    
KPMG UK Succumbs to Millennials’ Bellyaching on Slow Recruitment Process

Related articles

Guess What My Intern Did?

intern-where-is-my-report.jpgA commenter read our minds with regard to talking about interns, God bless ’em.
So today, in the spirit of the intern-season, we’re launching the first edition of “Guess What My Intern Did?” because sometimes they can do stupid things and we want to hear about it.
Examples could possibly include: any kind of shameless, awkward sexual advances on superiors; asking he/she to get a copy of an email from the asshole CFO; showing up to work hung over smelling like Ken Lewis; You get the idea.

Grant Thornton Interns Don’t Get Coffee, Thankyouverymuch

inerncoffee.jpgLast week we asked for some perspective on the chicanery and lovable idiocy of your interns. Today we learn that about a Grant Thornton intern who “verifies that clients’ accounting records are accurate and sits in on important meetings.”
That’s right, interns are verifying accounting records and going to important meetings. Probably the type of meetings where they get to take notes on internal control procedures while the experienced associates can barely keep from strangling themselves with a network cable.
Yet, life remains unfair for the interns, “Interns who talked to RedEye said they are gaining experience to prepare them for the workforce, but increased intern responsibilities typically don’t come with increased pay or perks or even more respect.”
After going to those important meetings, interns still aren’t feeling respected people. No increased pay. No perks. How can this be? Haven’t they done enough? They tried to earn your respect by making the copies that you asked for and getting totally bombed at firm events. They didn’t mean to ask so many questions about the copier. They’re just new, so they want to make sure they don’t screw anything up.
What else can they do? Shine your shoes? Fill your car up with gas? Buy your lunch (they’re probably making more than associates on a per hour basis anyway)? The summer internship season is winding down so make sure you’re letting them know (and us) how they can go that extra mile to get that full-time offer.
Chicago interns move up corporate ladder [Redeye]