How Much Do Accountants Make A Month?

Article Content:
How much money do accountants make a month? 
What is the job outlook for an accountant?
What education is needed to become an accountant?
Where do accountants make the most money?
How to make a lot of money as an accountant?


If you want a secure job in accounting, work for the government. If you want a chance for good money, become a management accountant and set your sights on the treasurer's job. If you want a shot at wealth, become a CPA.

Overall, public accounting is slightly more lucrative than private (management) jobs. Starting salaries for CPAs are among the highest of all university graduates. Getting the credentials involves passing the four-part Uniform CPA Examination sponsored by the American Institute of Certified Public Accountants. Doing the work normally means providing auditing, tax advice, and management advisory services (anything from devising a reporting- or cost-accounting system to improving production control procedures) to businesses. 

About 1,900,000 accountants work in the U.S. today, 500,000 of them CPAs. Most, however, are management accountants many of whom hold a lesser-known certification, CMA (Certified Management Accountant). Simply defined, their job is to handle all accounting duties for the company that employs them.

Accounting is an excellent route to the top. About 30 percent of the CEOs of America's largest corporations have backgrounds in accounting and finance more than any other business specialty. 

Many CPAs are choosing to specialize, particularly in auditing, management consulting, or taxes. Other growing fields include divorce, computer fraud, and international finance. For management accountants, internal auditing is the most promising specialty. 


What is the job outlook for an accountant?

Excellent. Faster than average occupational growth is projected because of legislation on tax reform, pension reform and financial disclosure, increases in investment and lending, and the business world's growing reliance on accounting information to make decisions. Best opportunities will be for internal auditors and tax accountants. 

What education is needed to become an accountant?

Bachelor's degree in accounting minimum. MBA rapidly becoming mandatory for many entry-level jobs. 

Competition: 

Fierce in some areas, including the Big 8 firms. An MBA, CPA certification, and familiarity with computers give you an edge. A part-time or summer accounting internship will help get you started. 

Work Style: 

Mostly office work with structured schedules. Pressure and long hours for tax accountants during tax season. Possible travel in larger firms. 

Where do accountants make the most money?

Large cities such as New York, Chicago, Los Angeles, and Washington, D.C., where public accounting firms and corporate headquarters are concentrated. 

Work Force: 

61 percent male, 39 percent female, 9 percent minorities. 

5 Reasons You Should Be An Accountant


Part-time Work Available: 

Yes, particularly in smaller firms.

How to make a lot of money as an accountant?

Get into one of the Big 8 firms.Educational credentials are important. The Big 8 (that's Arthur Anderson, Price Waterhouse, Coopers & Lybrand, Haskins and Sells, Arthur Young, Ernst & Ernst, Touche Ross, and Peat, Marwick, Mitchell) probably won't consider hiring you without an MBA.

How much money do accountants make a month?

Yearly Salary $72,500
Monthly Salary  $6,100
Weekly Salary $1,500
Hourly Salary  $37

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