Years of Experience
Respondents who have been working for five to nine years make $82K per year on average. The greater proportion of employees (41 percent) report one to four years of experience and bring home median pay of about $59K annually.
Nearing the top of the pay scale are Tax Managers, Tax Supervisors, Senior Tax Accountants, and Senior Auditors; while the first receives the highest median pay at $100K per year, the other salaries come in at $75K, approximately $67K, and around $65K, respectively. Mcgladrey hands out some of the smallest paychecks to Tax Associates ($56K on average).
When it comes to location, the highest average paycheck (around $95K annually) can be spotted in Minneapolis, Minn.; Philadelphia, Pa. (approximately $94K), Irvine, Calif. (about $92K), and New York, N.Y. ($90K) are the next top-paying cities. Expected earnings are below average ($65K) in Seattle, Wash., one of the lowest-paid cities. The highest pay by state can be found in New York, where salaries average out at $86K per year.
Certifications and Degrees
Licensed Lawyers receive bigger paychecks (around $115K annually) than those without credentials. Earning a Certified Information Systems Auditor certification garners significant financial rewards of $88K per year on average. Those with a Master of Taxation (MTax) at Mcgladrey come out on top, and their salaries approach about $98K annually.
In this role, the best-paying skill appears to be Accounting; individuals who claim it among their capabilities enjoy a higher median salary of $84K per year. Auditing also popped up often in the survey as an important skill; one in four of employees surveyed report using it at work. Employees also tend to know Tax Compliance, Microsoft Excel, and Tax Preparation.
Benefits and Perks
Paid time off is in short supply here, with only one in three respondents receiving paid vacation and one in ten employees receiving paid sick days. Almost all workers participate in the company's 401(k) retirement savings plan. Nearly all workers report having health insurance, and a large number of respondents report having dental coverage. Perks also include life insurance, a company cell phone, tuition reimbursement, and flexible hours.