Accountants & auditors

Detailed Occupation

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2020 Workforce
1.83M
Average Age
44
Estimated Job Growth
4.3%
10-year projection
Average Salary
$80,994
Average Male Salary
$99,737
Average Female Salary
$69,124

Employment

Information on the businesses and industries that employ Accountants & auditors and on wages and locations for those in the field. Accounting, tax preparation, bookkeeping & payroll services is the industry that employs the most Accountants & auditors, both by share and by number, though the highest paid industry for Accountants & auditors, by average wage, is Railroad rolling stock manufacturing. Accountants & auditors are paid most in Colusa, Glenn, Tehama & Trinity Counties PUMA, CA but are relatively concentrated in Forest Hills & Rego Park PUMA, NY.

Wages

Yearly Wage

$80,994
AVERAGE SALARY
± $1,372

In 2020, Accountants & auditors earned an average of $80,994, $25,040 more than than the average national salary of $55,954.

Agents & business managers of artists, performers, & athletes make somewhat more than Accountants & auditors while Emergency management directors make somewhat less. This chart shows the various occupations closest to Accountants & auditors as measured by average annual salary in the US.

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Wage Distribution

0.382
WAGE GINI

In 2015, Accountants & auditors had a wage GINI coefficient of 0.382, which is lower than than the national average of 0.478. In other words, wages are distributed more evenly for Accountants & auditors (shown in red) than for the overall labor force (shown in gray).

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Wage by Location

This map shows the Public Use Microdata Areas (PUMAs) in the United States shaded by average annual wage for Accountants & auditors.

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Spatial Concentration

This map displays which Public Use Microdata Areas (PUMAs) in the United States have a relatively high population of Accountants & auditors.

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Industries

Highest Paying

The highest paying industries for Accountants & auditors, by average wage, are Railroad rolling stock manufacturing, Agricultural chemical manufacturing, and Pipeline transportation.

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Industries by Share

1.83M
2020 Workforce
± 32,990
−1.64%
1 YEAR GROWTH
± 2.58%

The number of people employed as Accountants & auditors has been declining at a rate of −1.64%, from 1,858,577 people in 2019 to 1,828,141 people in 2020.

This graphic shows the share of Accountants & auditors employed by various industries. Accounting, tax preparation, bookkeeping & payroll services employs the largest share of Accountants & auditors at  24%, followed by Construction with 3.46% and Banking & related activities with 3.17%.

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Diversity

Demographic information on Accountants & auditors in the US. The average age of male Accountants & auditors in the workforce is 43.4 and of female Accountants & auditors is 44.4, and the most common race/ethnicity for Accountants & auditors is White (Non-Hispanic).

Composition by Sex

709k
MALE WORKFORCE
± 20,621
1.12M
FEMALE WORKFORCE
± 25,876

61.2% of Accountants & auditors are Female, making them the more common sex in the occupation. This chart shows the sex breakdown of Accountants & auditors.

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Race & Ethnicity

Most Common Race or Ethnicity of Accountants & auditors
  1. White (Non-Hispanic)
  2. Asian (Non-Hispanic)
  3. Black (Non-Hispanic)

68.4% of Accountants & auditors are White (Non-Hispanic), making that the most common race or ethnicity in the occupation. Representing 11.6% of Accountants & auditors, Asian (Non-Hispanic) is the second most common race or ethnicity in this occupation. This chart shows the racial and ethnic breakdown of Accountants & auditors.

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Age by Sex

43.4
AVERAGE MALE AGE
± 0.417
44.4
AVERAGE FEMALE AGE
± 0.294

The median age of Accountants & auditors is 44, and Male employees are generally 1.06 years younger than than their Female counterparts.

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Education

Data on higher education choices for Accountants & auditors from The Department of Education and Census Bureau. The most common major for Accountants & auditors is Business but a relatively high number of Accountants & auditors hold a major in Business.

Majors

ACS PUMS data only shows the major for bachelor's degrees. However, we can filter the data based on highest degree obtained.
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Skills

Data on the critical and distinctive skills necessary for Accountants & auditors from the Bureau of Labor Statistics. Accountants & auditors need many skills, but most especially Reading Comprehension, Active Listening, and Critical Thinking. The revealed comparative advantage (RCA) shows that Accountants & auditors need more than the average amount of Management of Financial Resources, Mathematics, and Operations Analysis.

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Projections

Projections on job growth for Accountants and Auditors from the Bureau of Labor Statistics. The 10-year national workforce is projected to grow 3.71%, but Accountants and Auditors are expected to see a growth of 4.3% over the same period. This occupation is expected to grow more than the national average.

Job Growth

For growth projections, the closest comparible industry reported by the Bureau of Labor Statistics is Accountants and Auditors.
4.3%
Estimated Job Growth
10-year Projection
3.71%
National Growth
10-year Projection

This line chart shows the projected 10-year growth in the number of jobs for Accountants and Auditors. This profession is expected to grow more than than 3.71%, the average rate of national job growth.

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