[Anonymous]

So here’s the background. I’m working for a small CPA firm in Virginia (I don’t want to go into too much detail as to which part, worry about the starting salary that I will give you, not the location), and I do a mixture of tax and audit. I have been working there almost a year now, and I was asked to complete an annual review of my first year working with the firm. I’m in an unusual situation, because I passed all four parts of the exams without the work experience before starting, but I will soon be able to apply to be a full CPA.

Getting back to the topic, I was recentlyasked to fill out an annual review, and on the last page, it asks for what I my proposed salary should be for next year. My starting salary is $51,000. I really like the job, and I don’t want to risk getting laughed out of the office, or making it seem like they can’t keep me. But I also figure that if I ask too low, it may be harder to get raises in the future.

Does anybody have any experience with something like this. Asssuming my starting salary, how much do they value a year of experience, and the words CPA next to my name (again, assuming that they hiring me knowing that I had passed all four parts.

Any help would be great.

[mrcpa]

Just my opinion, but a 10% increase seems about right considering your starting salary. You should be able to leverage that your licensed as well. At the end of the day don't sell yourself short get some research in google what staff 2s make in your area and add a little bit more for having that license so fast. Good luck!!

Licensed - 2012

[Anonymous]

Does it change anything that when they interviewed me/hired me I had already passed four parts, and presumably that was a big factor in their decision to hire me? Or does actually having the license make the big difference?

[VAactgGrad]

I think it is reasonable to ask for a higher-than-10% increase provided that your firm has been profitable in the recent year and has a good forecast of future profitability and growth. Having the certification and one year of experience will provide you with more employment opportunities than before especially in the DC metro area (if that's where you are) and your employer knows that. If you enjoy working with the company, I think it t is worthwhile to have an open and honest *conversation* with your employer about your desired salary. This way you will not only be able to present your case and address any immediate questions from your employer, but also receive immediate feedback. Plus, you will be able to indicate your desire to work for and grow with the company. Do your research first though. Check the Robert-half salary report and do some general searches on job boards for salary info in your area so that you will have a more realistic figure. Also, make up your mind about what you want, e.g., are you willing to accept a pay increase that is slightly lower than you are expecting just so you can continue to work for this employer that your really like. Good luck.

[Anonymous]

I agree with @VAactgGrad I did research on indeed,monster,simplyhired, careerbuilder, Craigslist etc and 10% is fair! Keep in mind that some companies pay staff accountants about the same with like 3-5 years experience with no MA. You WILL have your license and that year experience working under the company. I would ask for no less than 55K and I will factor in the cost of living and benefits too.

Here in FL with 3 years experience, a MA, and CPA license I can EASILY ask for 60-70K depending on the firm of course but I would not take anything less than 60K based on education and experience.

😉

[mla1169]

IMHO, passing all parts means very little to them until you have your license, that's when you become more valuable to them.

FAR- 77
AUD -49, 71, 84
REG -56,75!
BEC -75

Massachusetts CPA (non reporting) since 3/12.

[Author]

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