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Salary Information for Accounting Directors

Career News November 13, 2013

Accounting directors are managers over several aspects of accounting and business. They oversee the numbers and specifics on payroll, cost accounting, and other business tasks. They report only to top-level management.

The accounting director is in charge of overseeing profit and loss and reporting back to the necessary personnel to solve discrepancies and contain risk. Job titles can include something basic like Accountant level 1-3, lead accountant, senior accounting clerk, or supervisor accounting head.

What the Industry Pays

Considering that there is a lot responsibility involved in this task, the salary quotes are high, coming in at $126,000 median salary. This quote, taken from an HR report, is not a standard by any means, but an estimate on what most accounting directors will make, though factors like education and skills will play a part. The lowest earners, about 10%, make about $37,000, while 50% make less than $60,000.

The more experience and education you present to the hiring committee or manager, the better chance you have in landing a high-paying job. The company you apply to also determines your future. Specializing in insurance or financing, or even IT or construction, will help you find a job where your input is valuable.

Learning niche market skills instantly increases your value as an employee and director, and qualifies you beyond general accounting ability. Another salary factor you can’t ignore is to keep your skills and perspectives up to date. A director of accounting for a large company is expected to keep apprised of the latest regulatory changes in accounting.

The Market Moves and You Move With It!

The occupation itself is growing. According to the U.S. Bureau of Labor Statistics, the profession is growing and thanks in part to more complex financial reporting requirements, as determined by government agencies.

The best move right now, besides earning a degree, is to seek a Certified Public Accountant (CPA) title, which shows the high standard of excellence you keep, as well as the continuing knowledge of modern business that you bring to a company. Much of the work is consultant-level, as you will assist controllers and other financial employees in better organizing their systems, and completing revenue objectives.

The Secret to Success

Besides specialization, the key to success is in higher education. Master’s degree graduates make $134,000 on average, while BA graduates earn $104,000. That is a percentage difference of 29%. The more you know, and the more you demonstrate critical thinking abilities, the higher pay you earn.

While employers are looking for work experience, this comes with educational achievement. Companies will hire entry-level accounting directors, provided that they have a degree, and as the years pass, you can earn certification, thereby qualifying for higher-paying positions.

Accounting directors earn good money for their efforts and the potential for climbing the career ladder is promising. What stands before you now is only the fear of change. With a college education from an accredited school, such as UMCP, you can overcome these challenges and reach a career peak.

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5 Program(s) Found
  • Which career path will you take – Business, Nursing, Education, Psychology? Something else? GCU offers more than 100 majors to get you started!
  • Colangelo College of Business: Features more than 25 programs from the bachelor through the master's level, including several high-demand MBA programs and an accelerated accounting degree.
  • College of Nursing and Health Care Professions: Rich 25-year history providing outstanding health care and nursing degree programs, including an RN to BSN program & master's in nursing degrees.
  • College of Education: Whether you are looking to start or advance your career as a teacher or administrator, GCU offers bachelor’s and master’s in education degrees in key areas.
  • College of Humanities and Social Sciences: Provides a job focused education and features a variety of programs from counseling and psychology to justice studies, history and English literature.
  • Does something else interest you? GCU also offers programs in Doctoral Studies; Theology; Science, Engineering & Technology; and Fine Arts & Production. Speak with an enrollment counselor today!
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
4 Program(s) Found
  • Available business concentrations include Accounting, Economics, General Management, Marketing, and Human Resource Management.
  • Ranked among the Best Online MBA and Online Graduate Business Programs in 2016 by U.S. News & World Report.
  • Programmatic accreditation provided by the Accreditation Council for Business Schools and Programs (ACBSP).
  • Regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC).
  • Online Courses
5 Program(s) Found
  • Kaplan University Online Degree Programs
  • Attend college on your terms. Kaplan University offers fully online degree programs that fit any schedule.
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  • Each program is designed to instill the knowledge, ethical values, and interpersonal skills of professional practice and to foster values of social responsibility.
  • Offers several flexible learning options, including a blended format that combines campus and online learning.
  • Several scholarship opportunities are available for students who qualify.
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Financial Aid
  • Transferable Credits

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