Finance Pros Find Flat Job Market, Salaries

December 6, 2001 ( - As part of what's become an employer's jobs market, financial professionals can only expect largely flat starting salaries compared to last year, a new survey found.

The Robert Half and Accountemps 2002 Salary Guide released Thursday found that financial professionals’ salaries are expected to increase by an average of 1.5% in 2002, compared to the 6.9% increase last year.

Not only are salaries almost flat, hiring managers also have a growing pool of qualified candidates from which to choose accountants and other finance officers, researchers said.
That means companies can demand more skills beyond basic finance and accounting, survey officials said.

The survey also found that:

  • purchasing managers at medium-sized businesses are expected to see the greatest percentage gain in starting salaries of any single job category — 6.7% over last year.
  • tax managers at large companies will see a 3% increase in starting salaries.
  • demand for accounting and finance professionals is expected to be strongest in the health care, real estate and financial services industries.