A look at the highest paid accounting jobs in New York

Looking for a lucrative accounting job in New York? You are in the right place. The 2016-17 Occupational Outlook Handbook from the U.S. BLS reveals that the median annual salary for accountants in the US is $65,940. According to the report, the top ten percent of accounting professionals made nearly $116,000. Apparently, selecting the best career path can help you set the course for high salaries. So, here’s a quick look at the highest paying accounting jobs.

Accounting Teaching

If you are an accounting graduate with a passion for teaching, you may want to chase a career as an accounting teacher. After getting your Bachelor’s, you can start teaching or apply to a MAcc program. When you take the Master’s curriculum, you will be teaching specialized accounting courses. If you are looking to teach high school students, a master’s degree would suffice. However, most accounting professionals prefer to teach college courses as the pay is a lot higher. It should be noted that a PhD is a common requirement these days for university teaching. So it is advisable to try and earn your Doctorate. The median annual Professor - Accounting salary is $116,161, according to salary.com

Corporate Controller

A corporate controller oversees all the accounting functions, including budgeting, billing, accounts payable and receivable, etc. They also perform management duties, as many different departments related to accounting report to them. In smaller firms, they might serve as a CFO and report directly to the CEO. While a bachelor’s degree would suffice, a Masters is preferred. Median salary is $92K annually, according to payscale.com.

Director of Finance

As the Director of Finance, you will supervise tasks like accounting, budgeting, credit, insurance, tax, and the like. The position usually needs at least ten years of experience and an advanced degree in Finance or Accounting. You will be expected to be acquainted with cutting-edge concepts, practices and procedures and use your vast experience to manage and achieve goals. The average salary for a Finance Director in NYC is $1,37,654. (glassdoor.co.in)

Risk and Compliance Management Professionals

These accounting professionals design and implement programs, policies, and practices to make sure business entities are in compliance with regulatory requirements. They keep track of laws and regulations that might have an impact on the company’s existing policies. Job includes preparing compliance reports to be submitted to senior management. Risk and Compliance Management positions usually require a Bachelor’s and at least seven years of experience. Median salary is $99K.

Financial Accounting Software Developer

In IT, accountants are required to support the company’s team of managers and software developers. Apart from billing and time tracking, they also assist with license audits. They may contribute in user experience design for firms that develop accounting software. A master’s degree is preferable but a bachelor’s degree would be sufficient if you have adequate experience. Average annual salary is around $90K.

Senior Financial Analyst

Senior financial analysts appraise the finances and suggest ways of lowering costs. They lead a team of financial analysts and usually report to the director of finances. Typically, a master’s of business administration is required. Average annual salary is $76,200 (glassdoor.co.in)

Financial Advisors to Celebrities

This lucrative accounting position is about being involved with investments and expenses of celebs. However, it takes years of hard work before you can gain the trust of superstars in the industry. Once you land a job with a leading star, you could earn up to five percent of your customer’s annual income. Personal Financial Advisors earn an average salary of $59,245 per year. (payscale.com)

Environmental Accountant

These accountants analyze the environmental costs of the company and facilitate cost-cutting through the use of alternative chemicals, designs, practices etc. They help in designing environment-friendly products and suggest ways of using resources efficiently. The salary for Environmental Accountant is $65K to $70K.