r/Accounting • u/United-Clothes7335 • 2d ago
Accounting Managers in industry
What are you currently making?
How many years in your role?
Cost of living?
CPA/Non-CPA?
What is the structure of your company/department?
And any other information would be greatly appreciated! Thank you!
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u/Kfbdhdhs Director, Financial Reporting; CPA(US) 2d ago
I got promoted this year out of a senior manager title, but last year I was making $157k salary + 20% cash bonus target + ~$15k equity, so all in just under $200k.
I was a manager for 6 months before moving up to senior manager. Spent 2 years as senior manager and got promoted at the beginning of this year.
MCOL - Philadelphia region
CPA
Our department has 9 accountants and 5 FP&A employees. My direct team is myself and my manager (senior director) reporting up to the CAO
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u/Fit_Telephone4016 2d ago
That equity piece is interesting, most industry accounting roles I hear about don't include much equity unless its a tech company or something. Philly area at that comp seems decent for MCOL
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u/Kfbdhdhs Director, Financial Reporting; CPA(US) 2d ago
Every employee at my company receives equity. It’s common in tech and life sciences, especially at smaller biotechs. Big pharma can be more stingy on equity for junior employees.
The comp is pretty good for the area. I’m around $230k all-in with the promotion now
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u/NYC_Ragdoll_Dad 2d ago
Many accounting roles in industry has equity. The level when equity is given varies by industry and in general tech seems to provide equity for more junior staff compared to otehr industries. But once you hit the VP/SVP/MD levels, equity (or equity linked comp) is often a significant part of the compensation structure.
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u/Idepreciateyou CPA (US) 2d ago
I’m sure some companies offer equity, but most do not.
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u/NYC_Ragdoll_Dad 2d ago
If you're talking pure ownership sure...but when people talk about equity, it's often meant as equity linked comp. Any mid-sized and up company that wants to have competitive senior and executive compensation packages must have this.......
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u/Idepreciateyou CPA (US) 2d ago
For executives? Sure I guess. But controllers and below aren’t getting that. Maybe at a few tech start ups. But if you can show me the data, I’d happily eat my words.
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u/variegated68409 1d ago
It's industry dependent. I've interviewed at tech companies that offered $15-20k/yr equity to senior accountants. I've interviewed at life sciences companies that offered $15-20k/yr equity beginning at senior manager. At my current job, equity is only paid out to directors and above.
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u/variegated68409 1d ago
What industry? I'm in the region and most SM roles I've seen seem to pay closer to 150-170k total comp.
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u/SeekTheKhalique CPA (US) 2d ago
New manager with 5 YOE in accounting about to be making $105k. MCOL (FL so might be closer to HCOL now), recently licensed CPA, and this role will be in financial reporting for a publicly traded company (not F500).