The average CPA salary in California varies. Certified Public Accountants in California particularly receive the median range of salary per year. The CPA salary in California depends on experience, background and level of expertise. In fact, California CPAs make much more money than those in other states, which is around $50,000 to $78,000 per year. Having a high-level knowledge in bookkeeping, accounting, cashiering and business administration is essential. Those who are considering a career in this field should take this into consideration. Approaching this career without these skills can result in the denial of your application. Below is the best way to approach the CPA career field.
Experience Factors – CPA Salary In California
The CPA’s median salary greatly depends on how many years of experience they possess. A CPA, who has been in jobs for a year or less, has a median salary of around $47,000 per year. On the other hand, a CPA with one to four years of experience earns salary of about $50,000 a year. Yet, a CPA who has five to nine years’ experience will likely earn $60,000 per year. If the CPA has been working in the field for 10 to 19 years, a median salary of almost $70,000 per year is possible to earn. Meanwhile, a median salary of $77,000 per year can be received by a CPA who holds more than 20 years of experience.
The median CPA salary in California is also affected by the type of job skill a CPA has. A CPA whose job generally comprises bookkeeping earns $40,000 per year, while a CPA who specializes in financial and auditing compliance will earn around $50,000 per year. CPAs, who specializes extensive experience in Microsoft Excel, software knowledge and financial application, approximately earn $54,000 to $58,000 per year. Conversely, those who deal with technical analysis or project management receive $75,000 per year.
CPAs working for hospitals, private practices or local and state governments basically earn $56,000 to $58,000 per year of median salary. Those who work for universities and colleges, or nonprofit organizations earn a bit bigger than those working for franchises who earn only $52,000 per year, i.e. around $54,000 per year. In contrast, self-employed CPAs receive a median salary of $67,000 per year, while those working for federal government likely earn the highest salary, i.e. $76,000 per year.
The size of the company where a CPA works also affects the median CPA salary in California. Generally, CPAs who work with a company that have less than 200 employees will merely earn around $56,000 to $58,000 per year. If the company has 200 to 200,000 employees, the CPA probably earns $60,000 to $63,000 per year of median salary, while the company that employs 20,000 to 50,000 people gives salary up to $65,000 per year for its CPA.
Type of Position Determines A CPA Salary In California
Accounting jobs normally have stern requirements because of the technical nature of each position. This position definitely affects the amount of median salary a CPA receives per year.
An entry-level accountant at a public accounting firms, who has no experience, will simply earn up to $51,500 per year, with the starting pay of $40,700 for recent graduates.
Staff accountants usually have one to four years of experience. Accountants who have a CPA license will approximately earn $43,700 to $58,000 per year. It is also important to note that public accounting firms may probably pay less salary than that of a private company.
A senior accountant basically earns around $50,000 to $70,000 per year, depending on the number of years’ experience.
Accounting manager is the highest accounting position; thus, those holding this position earn $56,200 to $87,400 per year of median salary.
For such reasons, plenty graduates are looking for a CPA job position in California. However, in order to be a Californian CPA, one needs to conform several requirements before practicing the occupation with legal certainty. One of the requirements includes minimum degree of education, which is Baccalaureate degree with 120 semester units. Furthermore, it’s also essential to gain as much experience as possible so as to receive a fair CPA salary in California.