Industries with the Highest Wages
There are many advantages to being an accountant. But one of the best things about the job is that you can work in almost any industry you like. Any business, whether it’s farming, dance instruction, or legal counsel, needs to keep track of its finances. And that’s where the accountant comes in. If you have interests outside your accounting work, you can use those interests to guide you in your career by choosing an industry that interests you. But if you want to maximize your income, you may want to choose a high-paying industry.
For example, retail shoe sales, or shoe stores, is actually the highest paying industry for accountants. Professional accountants working in this industry earn average annual incomes of more than $88,300. If you’re a shoe collector in your spare time, this might be the industry for you. But if you’re not, you might want to consider it anyway.
The federal government is the next highest paying industry with accountants earning $84,520 in average salaries. In securities contracting, another high paying industry, accountants earn an average annual income of $80,920. In tobacco manufacturing, accountants do very well, earning average salaries of more than $79,640. Accountants working for merchant wholesalers are also paid well, with the average professional earning an income of $79,280.
Industry can play a significant role in your accounting career, whether it’s boosting your income or making your job more interesting and satisfying for you as an individual. When planning your accounting career, be sure to choose the best industry for you.
Accounting Salaries for Industries with the Highest Employment Levels
When planning your future as an accountant, it’s important to know what route to take to ensure a solid career and high income. Accountants can work in a wide variety of salaries, but some pay better than others and some guarantee more positions and availability for professionals. In a struggling job market, professionals want to know where they can find the highest employment levels for their field. While accountants are always in demand, some industries have higher employment levels for accountants than others.
For example, accounting services has the highest employment level for accountants than any other industry. There are no real surprises there. Accounting services refers to accounting firms. Professionals also have great income potential in this industry, with average salaries of $72,270.
Company management also has high employment levels with average salaries of $64,220. Local governments have high demand for accountants and offer salaries averaging at $56,160. At the state government level, accountants are also in demand and can expect average salaries of $52,560. In the insurance carrier business, every penny must be accounted for, so the industry employs high numbers of individuals in this field and promises average salaries of $63,990.
Professionals in accounting have the advantage of working in industries with high employment levels while also commanding good salaries. While salaries for accountants can vary widely from one industry to the next, professionals can find comfortable incomes wherever they are.
