There’s been a steady increase in the demand for skilled accounting and finance professionals nationwide over the past few years. And according to our 2015 Salary Guide, it’s not about to stop: Starting salaries for accounting positions are expected to rise an average of 3.5 percent in 2015.
In Minneapolis, the hottest accounting and finance jobs differ by company size. Here they are, along with their projected starting salaries:
Small companies (up to $25 million in annual sales)
1. Staff accountant: Organizations are adding analytics-savvy staff accountants to finance departments who can help them realize company-wide goals. Staff accountants with one to three years of experience are expected to see compensation increase 4.0 percent, with an average starting salary of $48,760 to $63,335.
2. Financial analyst: Financial analyst hiring is on the upswing as firms look for guidance on how to increase efficiencies, keep costs in check and maximize the benefits of new and existing information systems. The starting salary for financial analysts with one to three years of experience ranges from $52,205 to $68,900, up 4.3 percent from 2014.
Midsize companies ($25 million to $250 million in annual sales)
3. Controller (at companies with $100 to $250 million in annual sales): The heightened regulatory involvement is fueling demand for controllers skilled in technology, analysis and management. In-depth knowledge of Sarbanes-Oxley provisions, SEC guidelines and all aspects of generally accepted accounting principles (GAAP) are critical. In 2015, controllers will bring in a starting salary of $114,745 to $157,145, an increase of 4.3 percent.
Large companies ($250 million or more in annual sales)
4. Accounts receivable and accounts payable clerk: Companies can’t achieve success without AR and AP clerks. These professionals make sure accurate and timely payments are made and received. They also oversee reconciliation and resolution of customer and vendor issues. These individuals can expect starting salaries to increase 3.5 percent, to $36,570 to $50,085.
5. Senior accountant: Companies are seeking well-rounded senior-level accountants who can prepare financial statements and budgets, assess internal controls and conduct risk assessments. In 2015, senior accountants will command a salary of $74,730 to $94,340, a 4.0 percent boost.
These aren’t the only finance and accounting positions in demand. Learn more about hiring trends and get an estimation of average starting salary ranges for more than 375 accounting and finance positions in Robert Half's 2015 Salary Guide.