Accountants & auditors

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2019 Workforce
1.64M
Average Age
43.8
Estimated Job Growth
4.3%
10-year projection
Average Salary
$81,256
Average Male Salary
$98,721
Average Female Salary
$69,764

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 Paperboard container manufacturing. Accountants & auditors are paid most in Murray Hill, Gramercy & Stuyvesant Town PUMA, NY but are relatively concentrated in San Juan Municipio (Sur) PUMA, PR.

Wages

Yearly Wage

$81,256
AVERAGE SALARY
± $1,467

In 2019, Accountants & auditors earned an average of $81,256, $25,732 more than than the average national salary of $55,524.

Marine engineers & naval architects make somewhat more than Accountants & auditors while Diagnostic medical sonographers 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

0.387
WAGE GINI

In 2015, Accountants & auditors had a wage GINI coefficient of 0.387, which is lower than than the national average of 0.478. 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, Construction, and Insurance carriers.

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Highest Paying

The highest paying industries for Accountants & auditors, by average wage, are Paperboard container manufacturing, Cutlery & hand tool manufacturing, and Railroad rolling stock manufacturing.

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Industries by Share

1.64M
2019 Workforce
± 31,304
−16.3%
1 YEAR GROWTH
± 3.08%

The number of people employed as Accountants & auditors has been declining at a rate of −16.3%, from 1,964,095 people in 2018 to 1,643,512 people in 2019.

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  26.1%, followed by Construction with 3.3% and Insurance carriers with 3.25%.

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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 and of female Accountants & auditors is 44.4, and the most common race/ethnicity for Accountants & auditors is White (Non-Hispanic).

Gender Composition

652k
MALE WORKFORCE
± 19,785
991k
FEMALE WORKFORCE
± 24,364

60.3% 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 (Non-Hispanic)
  2. Asian (Non-Hispanic)
  3. Black (Non-Hispanic)

67.3% of Accountants & auditors are White (Non-Hispanic), making that the most common race or ethnicity in the occupation. Representing 12.2% of Accountants & auditors, Asian (Non-Hispanic) 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
AVERAGE MALE AGE
± 0.442
44.4
AVERAGE FEMALE AGE
± 0.306

The median age of Accountants & auditors is 43.8, and Male employees are generally 1.33 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.
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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 Critical Thinking. The revealed comparative advantage (RCA) shows that Accountants & auditors need more than the average amount of Management of Financial Resources, Mathematics, and Operations Analysis.

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Projections

Projections on job growth for Accountants and Auditors from the Bureau of Labor Statistics. The 10-year national workforce is projected to grow 3.71%, but Accountants and Auditors are expected to see a growth of 4.3% over the same period. This occupation is expected to grow more than the national average.

Job Growth

For growth projections, the closest comparible industry reported by the Bureau of Labor Statistics is Accountants and Auditors.
4.3%
Estimated Job Growth
10-year Projection
3.71%
National Growth
10-year Projection

This line chart shows the projected 10-year growth in the number of jobs for Accountants and Auditors. This profession is expected to grow more than than 3.71%, the average rate of national job growth.

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