Industry Accounting Salary Outlook for 2023 is Not Horrible – Going Concern

When accounting goes unaccounted for
Unless you have the word “chief” in your job title, accounting salaries in industry for 2023 are projected to be higher than in 2022—including 11 roles that are expected to have double-digit increases, according to our analysis of the 2022 and 2023 Accounting & Finance Salary Guides from LHH Recruitment Solutions (formerly Accounting Principals).
Of the 27 industry jobs we analyzed, 23 have pay that, on average, will likely be higher next year than what LHH predicted for 2022. Of the four roles with base pay that is expected to be lower in 2023, two of them are C-level positions: chief accounting officer and CFO.
In both salary guides, LHH provided salary data for employees in three tiers based on experience:
Below are the projected base salaries for each of the 27 industry jobs in LHH’s 2023 salary guide, listed by experience, with a comparison of LHH’s 2022 projected salaries (2022 -> 2023) to see which roles’ pay is expected to increase or decrease next year:
Average increase: 6.5%
Average increase: 18.1%
Average increase: 6.7%
Average increase: 1.2%
Average increase: -4.9%
Average increase: 22.3%
Average increase: 7.7%
Average increase: -17.4%
Average increase: -5.9
Average increase: 15.1%
Average increase: 11%
Average increase: 5.2%
Average increase: 8.1%
Average increase: 10.8%
Average increase: 13.9%
Average increase: 0.5%
Average increase: 2.2%
Average increase: 30.2%
Average increase: 8.9%
Average increase: 10.2%
Average increase: 6.2%
Average increase: 19.1%
Average increase: 9.3%
Average increase: 15.4%
Average increase: 7.1%
Average increase: 15.7%
Average increase: -7.9%
ICYMI, seven of the 11 public accounting roles highlighted in LHH’s 2023 salary guide are projected to have higher salaries in 2023 than in 2022, with four of those seven expected to have double-digit increases.
You can find all of our content previewing public accounting salaries for 2023 here.
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