Chartered Public Accountants (CPAs) are revered and in-demand professionals within the finance trade. With their specialised data and experience in accounting, finance, and taxation, Chartered Public Accountants (CPAs) play a vital function in making certain the monetary well being and stability of organizations.
On this article, we’ll take a more in-depth take a look at the highest 7 highest-paying accounting and finance positions for CPAs, based on The Mason Group’s 2024 wage information. These roles require a CPA designation, and are important in offering strategic monetary steering to organizations. By understanding these top-paying positions, CPAs could make knowledgeable choices about their profession paths and intention for better monetary success.
Obtain a free copy of The Mason Group’s wage information right here.
Chief Monetary Officer (CFO)
Because the highest-ranking monetary govt in a company, the CFO is chargeable for offering management and oversight to the monetary operations of an organization. This contains managing monetary reporting, budgeting, and forecasting, amongst different essential capabilities. Usually, CFOs are CPAs with intensive expertise in accounting, finance, and enterprise technique. Primarily based on The Mason Group’s 2024 wage knowledge, the typical wage for a CFO is $280,000 per yr, with a excessive of $375,000 and a low of $250,000.
VP of Tax
The VP of Tax is tasked with the vital accountability of managing a company’s tax compliance and tax planning methods. This function requires creating and implementing tax insurance policies, making certain compliance with tax legal guidelines and laws, and managing tax dangers. As per The Mason Group’s 2024 wage information, the typical wage for this place is $245,000 per yr, with a excessive of $300,000 and a low of $215,000.
VP of Finance
The VP of Finance is a key member of the chief staff, chargeable for managing all monetary operations and making certain the monetary stability and sustainability of the group. With their experience in finance, accounting, and enterprise technique, the VP of Finance supplies vital monetary steering to the management staff to assist drive the corporate’s success. In accordance with The Mason Group’s 2024 wage knowledge, the typical wage for a VP of Finance is $235,000 per yr, with a excessive of $280,000 and a low of $215,000, making this a extremely sought-after and well-compensated place for CPAs.
VP of Inside Audit
The VP of Inside Audit serves as an skilled monetary govt who leads an organization’s inside audit perform. This function is important in offering unbiased assurance that the corporate’s inside management programs are efficient and adjust to legal guidelines, laws, and trade requirements. In accordance with our 2024 wage knowledge, the typical wage for a VP of Inside Audit is $215,000 per yr, with a excessive of $265,000 and a low of $200,000.
Director of Monetary Planning and Evaluation (FP&A)
The Director of FP&A is a senior-level monetary skilled who’s chargeable for overseeing the monetary planning and evaluation capabilities inside an organization. This function is essential to offering strategic monetary steering to the corporate’s management staff, in addition to making certain the corporate’s monetary well being and stability. In accordance with The Mason Group 2024 wage information, the typical wage for a Director of FP&A is $200,000 per yr, with a excessive of $215,000 and a low of $180,000.
VP of Treasury
The VP of Treasury performs a pivotal function in managing an organization’s money circulate and supervises all company monetary issues. Primarily, their obligations lay in managing the monetary danger and liquidity of their group. In accordance with The Mason Group’s 2024 wage knowledge, the typical wage for this place is $230,000 per yr, with a excessive of $275,000 and a low of $200,000.
Tax Director
The Tax Director is a necessary member of a company’s management staff, chargeable for managing all elements of tax-related compliance and planning. They oversee the preparation of tax returns, present knowledgeable recommendation on tax-related points to senior executives, and implement tax-saving methods to maximise monetary good points for the corporate. As per The Mason Group’s 2024 wage knowledge, the typical wage for a Tax Director is $195,000 per yr, with a excessive of $230,000 and a low of $185,000. It is a extremely sought-after place within the finance trade, and a CPA designation is often required to qualify for this function.
In conclusion, whether or not you’re a seasoned CPA, or simply beginning your profession in accounting and finance, understanding these positions and the way a lot they pay may also help you make knowledgeable choices about your profession. To be taught extra about all of the top-paying positions for CPAs in 2024, in addition to different positions within the accounting trade, obtain a free copy of The Mason Group’s wage information right here.