Career Transition: From State Employee to CPA – What Are the Salary Expectations?
I’m seeking realistic insights into salary expectations following a career shift. After nearly ten years working for the state government in Texas, focusing on Sales/Use Tax Auditing and Budget roles (though not in direct accounting), I currently earn just over $100K—a solid salary for my public sector position.
I’ve made the decision to pursue a Master of Public Administration (MPA) and the CPA designation. My question is: how long, in realistic terms, will it take to achieve a similar salary level ($100K+) in the private sector or public Accounting once I’ve obtained my CPA and MPA, especially given my non-traditional background?
I would greatly appreciate any advice on potential career paths or strategies to expedite salary growth. Thank you!
One response
Transitioning from a state employee to a CPA can definitely open up new avenues for career advancement and potentially higher salaries. Given your current salary of just over $100k and your background in Sales/Use Tax Auditing and Budget roles, your experience could be valuable in the private sector.
Salary Expectations: After obtaining your CPA and MPA, entry-level CPA positions in public Accounting typically start around $60k-$75k, but given your experience, you may be able to negotiate for a higher starting salary or quickly move into mid-level positions where salaries range from $80k-$100k. With your background and credentials, it is realistic to expect to reach or exceed your current salary within 3-5 years, depending on performance and company growth.
Career Paths: You may want to consider roles in tax Accounting, Audit, or financial consulting. Your experience in Sales/Use Tax Auditing can be particularly advantageous in tax-focused positions. Alternatively, finance roles in corporations, especially those related to budgeting and financial analysis, could leverage your MPA.
Networking and Professional Development: Utilize platforms like LinkedIn to connect with professionals in the Accounting field. Attend industry conferences and CPA networking events to learn about job opportunities. Joining organizations such as the AICPA or state CPA societies can also provide valuable resources and connections.
Continuous Education and Skill Development: Stay updated with Accounting Software and tools commonly used in the industry (like QuickBooks, SAP, etc.). Gaining proficiency in these areas can make you more attractive to potential employers.
Consider Contract or Consulting Work: If you’re open to it, consider taking on contract or consulting roles which often pay higher rates and can carry fewer long-term commitments, allowing you to build your experience while also potentially earning a higher hourly wage.
In summary, while the road may have its challenges, leveraging your unique background, pursuing your MPA and CPA, networking, and focusing on continuous development can position you well for a successful transition and ultimately help you achieve your salary goals. Good luck!