Accountants & auditors

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Total Workforce

1.96M

Average Age

43.8

Estimated Job Growth

10%

10-year projection

Average Salary

$75,095

Average Male Salary

$93,799

Average Female Salary

$63,803

About

Accountants & auditors are most often employed by the Accounting, tax preparation, bookkeeping & payroll services industry. The average yearly wage for Accountants & auditors was $75,095 in 2016. The top 3 most similar occupations to Accountants & auditors by wage are Insurance underwriters, Network & computer systems administrators, and Geological & petroleum technicians, & nuclear technicians.

Accountants & auditors are part of the Business & financial operations occupations, along with Agents & business managers of artists, performers, & athletes, Buyers & purchasing agents, farm products, Wholesale & retail buyers, except farm products, Purchasing agents, except wholesale, retail, & farm products, Claims adjusters, appraisers, examiners, & investigators, Compliance officers, Cost estimators, Human resources workers, Logisticians, Management analysts, Meeting, convention, & event planners, Fundraisers, Compensation, benefits, & job analysis specialists, Training & development specialists, Market research analysts & marketing specialists, Business operations specialists, all other, Accountants & auditors, Appraisers & assessors of real estate, Budget analysts, Credit analysts, Financial analysts, Personal financial advisors, Insurance underwriters, Financial examiners, Credit counselors & loan officers, Tax examiners & collectors, & revenue agents, Tax preparers, and Other financial specialists

The top 3 locations that employ the most Accountants & auditors are Lake Forest, Irvine (North) Cities & Silverado PUMA, CA, Irvine City (Central) PUMA, CA, and Flushing, Murray Hill & Whitestone PUMA, NY. The top 3 locations with a relatively high concentration of Accountants & auditors are Forest Hills & Rego Park PUMA, NY, Smithtown Town PUMA, NY, and Sugar Land & Stafford Cities PUMA, TX.

Employment

Information on the businesses and industries that employ Accountants & auditors and on wages and locations for those in the field. Accounting, tax preparation, bookkeeping & payroll services is the industry that employs the most Accountants & auditors, both by share and by number, though the highest paid industry for Accountants & auditors, by average wage, is Engine, turbine, & power transmission equipment manufacturing . Accountants & auditors are paid most in San Jose City (Southeast/Evergreen) PUMA, CA but are relatively concentrated in Forest Hills & Rego Park PUMA, NY.

Wages

Yearly Wage

$75,095

AVERAGE SALARY

± $1,224

In 2017, Accountants & auditors earned an average of $75,095, $23,030 more than than the average national salary of $52,065.

Network & computer systems administrators make somewhat more than Accountants & auditors while Insurance underwriters make somewhat less. This chart shows the various occupations closest to Accountants & auditors as measured by average annual salary in the US.

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Wage Distribution

0.383

WAGE GINI

In 2017, Accountants & auditors had a wage GINI coefficient of 0.383, which is lower than than the national average of 0.479. In other words, wages are distributed more evenly for Accountants & auditors (shown in red) than for the overall labor force (shown in gray).

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Wage by Location

This map shows the Public Use Microdata Areas (PUMAs) in the United States shaded by average annual wage for Accountants & auditors.

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Spatial Concentration

This map displays which Public Use Microdata Areas (PUMAs) in the United States have a relatively high population of Accountants & auditors.

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Industries

Most Common

The most common industries employing Accountants & auditors, by number of employees, are Accounting, tax preparation, bookkeeping & payroll services, Insurance carriers & related activities, and Banking & related activities.

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Highest Paying

The highest paying industries for Accountants & auditors, by average wage, are Engine, turbine, & power transmission equipment manufacturing , Metal ore mining, and Railroad rolling stock manufacturing.

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Industries by Share

1.96M

2017 Workforce

± 34,158

5%

1 YEAR GROWTH

± 2.37%

The number of people employed as Accountants & auditors has been growing at a rate of 5%, from 1,868,283 people in 2016 to 1,961,730 people in 2017.

This graphic shows the share of Accountants & auditors employed by various industries. Accounting, tax preparation, bookkeeping & payroll services employs the largest share of Accountants & auditors at  22.1%, followed by Insurance carriers & related activities with 3.98% and Banking & related activities with 3.54%.

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Diversity

Demographic information on Accountants & auditors in the US. The average age of male Accountants & auditors in the workforce is 43.3 and of female Accountants & auditors is 44.2, and the most common race/ethnicity for Accountants & auditors is White.

Gender Composition

738k

MALE WORKFORCE

± 21,045

1.22M

FEMALE WORKFORCE

± 27,041

62.4% of Accountants & auditors are Female, making them the more common gender in the occupation. This chart shows the gender breakdown of Accountants & auditors.

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Race & Ethnicity

Most Common Race or Ethnicity of Accountants & auditors

  1. White

  2. Asian

  3. Black

75.3% of Accountants & auditors are White, making that the most common race or ethnicity in the occupation. Representing 11.5% of Accountants & auditors, Asian is the second most common race or ethnicity in this occupation. This chart shows the racial and ethnic breakdown of Accountants & auditors.

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Age by Gender

43.3

AVERAGE MALE AGE

± 0.406

44.2

AVERAGE FEMALE AGE

± 0.281

The median age of Accountants & auditors is 43.8, and Male employees are generally 0.88 years younger than than their Female counterparts.

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Education

Data on higher education choices for Accountants & auditors from The Department of Education and Census Bureau. The most common major for Accountants & auditors is Business but a relatively high number of Accountants & auditors hold a major in Business.

Majors

ACS PUMS data only shows the major for bachelor's degrees. However, we can filter the data based on highest degree obtained.

MOST SPECIALIZED MAJORS

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Skills

Data on the critical and distinctive skills necessary for Accountants & auditors from the Bureau of Labor Statistics. Accountants & auditors need many skills, but most especially Reading Comprehension, Active Listening, and Writing. The revealed comparative advantage (RCA) shows that Accountants & auditors need more than the average amount of Management of Financial Resources, Mathematics, and Programming.

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Growth Projections

Projections on wages and job growth for Accountants & auditors from the Bureau of Labor Statistics. The ten-year national workforce is projected to grow 7.4%, but Accountants & auditors are expected to see a growth of 10% over the same period. This occupation is expected to grow higher than the national average.

Job Growth

10%

ESTIMATED GROWTH

7.4%

NATIONAL AVERAGE

This line chart shows the 10-year projected employment growth (from 2016 to 2026) for Accountants & auditors. This profession is expected to grow faster than 7.4%, the average rate of national job growth.

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