Starting salaries for accounting and finance professionals are likely to increase an average of 4.3 percent in 2008. Public accountants, financial analysts and internal auditors should see some of the biggest salary increases next year, according to the new 2008 Salary Guide by Robert Half International, a staffing services firm specializing in accounting and finance.
Demand for experienced accounting and finance candidates is particularly strong among construction, financial services and healthcare firms, according to Robert Half. Among the Guide's findings:
- Public accounting professionals with 1-3 years of experience can expect an average starting salary increase of 7.7 percent at small companies (defined as those with up to $25 million in sales), for an annual salary between $44,750 to $53,250.
- Entry-level financial, budget, treasury and cost analysts at large companies (more than $250 million in sales) can expect starting salary increases of 6.9 percent. Average starting salaries for these positions will range between $38,250 and $47,500.
- Internal audit managers at large companies can expect a starting salary increase of 6.7 percent in 2008, to a range between $81,500 and $109,500.
The 2008 Salary Guide is based on an analysis of thousands of job placements managed by Robert Half's U.S. offices.