Benefits October 24, 2007

Starting Pay for Accounting and Finance Employees to Rise 4.3%

October 24, 2007 (PLANSPONSOR.com) - Starting salaries for accounting and finance professionals are expected to see a 4.3% average increase in wages next year, with public accountants, financial analysts and internal auditors expected to see the largest gains, according to Robert Half International's Salary Guide.
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The 2008 Salary Guide found that entry-level financial, budget, treasury and cost analysts at large companies are expected to see the biggest increases in base pay next year, with the average starting salary expected to rise 6.9%, to between $38,250 and $47,500 annually.

Internal audit managers at large companies are predicted to get starting salaries between $81,500 and $109,500 annually, an increase of 6.7% over last year’s projections.

Average starting salaries for senior managers and directors at mid-sized firms are projected to increase 7.7% in 2008, to between $88,250 and $129,250.

Commercial lenders with more than five years of experience can expect a 4.7% gain in starting salaries from $82,000 to $107,500. Average starting salaries for hedge fund accountants are expected to rise 6.5%, to between $46,250 and $64,500.

At small firms, professionals with one to three years experience at this stage of their careers can expect a 7.7% increase in average starting salaries, to a range of $44,750 to $53,250.

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