Academic journal article Journal of Accountancy

1990 Accounting Salaries

Academic journal article Journal of Accountancy

1990 Accounting Salaries

Article excerpt

1990 ACCOUNTING SALARIES

Starting salaries for accounting and financial positions climbed steadily throughout the 1980s and will continue growing by a projected 3.9% in 1990, according to a nationwide study (see exhibit 1 above). Those for information systems and bank jobs are expected to rise by 4.9% over 1989 (see exhibit 2, page 19).

"Mergers and acquisitions have resulted in layoffs and early retirements, placing many high-level financial and accounting candidates in the employment market," said Max Messmer, chairman of Robert Half International, which conducts the annual study. He added, however, that "competing firms are poised to hire this newly available talent, and corporations have expressed particular interest in senior accountants with three-plus years' experience."

In the private sector, experienced internal auditors and cost accountants should command greater than average salary gains, while starting salaries for high-level financial professionals will register moderate gains in 1990.

Despite large corporate mergers and acquisitions that have put many highly qualified candidates into the employment market, some private-sector positions will still see greater-than-average salary increases, "such as controllers at the small to medium-sized companies that continue to fuel the economy's growth," said Messmer. …

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