2019 salary guide...5 senior accounting manager 6 – 10 years of public accounting experience and...
TRANSCRIPT
2019 SALARY GUIDE
Bay Area Accounting& Financial Professionals
CELEBRATING 15 YEARS 2004 - 2019
If we want to use buzzwords, we can describe
the job market in 2019 as “candidate-driven.”
If we want to be hyperbolic, we can describe
the hiring landscape as “The War for Talent.”
If we want to be really simple, we can just call
it “hard.”
Whatever language is being used, whichever
source you’re relying on, ultimately the
same exact phenomenon is being described:
competition for talent in finance and
accounting in 2019 is extremely high.
Even in the Bay Area, where employers
may be a bit more insulated from the hiring
challenges abroad, the pool of qualified,
FINANCE & ACCOUNTING RECRUITING
TRENDS IN THE BAY AREA
2019
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Job-seekers are considering a multitude of
other factors when evaluating the many offers
being sent their way. An increasing number
of high-level talent is going to organizations
where the culture is strong. And in the Bay
Area, they’re spoiled for choice.
Having a company culture that is real,
that registers with anyone with whom it
comes in contact matters more now than
it ever has. Beyond the raw numbers that
they’re offered, candidates want to enter a
talented, actively job-seeking candidates is
rapidly diminishing. Even when companies
do attract a worthy, interested suitor, the
window is shorter and the margin of error to
successfully acquire them is smaller than ever.
It’s not all about the money, either.
Because of the talent shortage across all
levels in finance and accounting, salaries
for the same positions continue to rise. Even
from month to month. While companies are
certainly paying a premium for the people
they want, candidates are looking for much
more than just a competitive salary.
OVER THE PAST YEAR, BVOH HAS HAD A 98% PERMANENT
PLACEMENT SUCCESS RATE
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Benefits and quality of life perks are also
important factors in acquiring talent in
today’s market. Many younger professionals
seek generous vacation time and flexible
work schedules that allow for plenty of work-
from-home opportunities, while higher levels
pine for healthy maternity/paternity leave
benefits, as well as child-care flexibility.
A robust, comprehensive benefits package is
absolutely necessary for today’s market where
multiple companies are knocking on the same
working relationship with leadership that is
transparent. They are looking for companies
that communicate openly and honestly about
their values and goals, as well as allowing
opportunities for growth on a timeline that
may seem accelerated when compared to
traditional standards. Offices that promote
teamwork and cross-functional collaboration
stand out from the offices that don’t. A
manager that is nurturing, that serves as an
ally along the career paths of their employees
stands out from the ones that aren’t. These
culture and work environment characteristics
are often vital differentiators for candidates
when deciding between jobs that offer
similar pay.
98% OF OUR 2019 PLACEMENTS CAME FROM REPEAT CLIENTS OR
REFERRALS FROM CLIENTS
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door in their search for talent. While it’s not
all about the money anymore, at the end of
the day, the hard numbers still speak volumes
to candidates. What follows is an in-depth
look at the latest compensation trends in the
Bay Area to help you ensure your offers to
those hard-to-find candidates are as precise,
thorough, and competitive as possible.
At BVOH, we keep our fingers on the pulse of
the finance and accounting market in the Bay
Area. We help you connect with candidates
on a fundamental, meaningful level, advising
you on the compensation packages that make
the difference in an ultra-competitive market
that doesn’t wait for you if you fall behind.
PASSION +
PURPOSE
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I’ve engaged BVOH at my last two companies for critical
finance roles. The BVOH team has been incredibly responsive,
timely, and thoughtful in sourcing stellar candidates for us
who fit our requirements and mesh well with our company’s
culture. They spend time to understand your needs, respond
quickly to feedback, have a great pipeline of qualified finance
professionals, and truly care about making a successful match.
I would highly recommend BVOH.
CARRIE KALINOWSKI, CFO
MADISON REED
BVOH delivers top quality candidates time and time again.
Hands down, the firm that I’ve had the most success with
finding members for our team. BVOH rocks!
HOLLY GREY, SVP FINANCE
FORESCOUT TECHNOLOGIES INC.
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HOTTEST JOBS IN ACCOUNTING & FINANCE FOR 2019
SENIOR ACCOUNTANT
3 - 6 years of public accounting experience plus CPA
1
ACCOUNTING MANAGER
4 - 6 years of hands-on GL experience at a high-growth company plus CPA
2
SENIOR FINANCIAL ANALYST
3 - 6 years of fp&a experience supporting a similar division or function
3
CONTROLLER
9 - 16 years of public accounting experience and operational accounting oversight within a high-growth company plus CPA
4
FINANCIAL MANAGER
6 – 12 years of finance experience supporting a similar division or function
TECHNICAL ACCOUNTING MANAGER
6+ years of public accounting experience with publicly traded clients and CPA
5
SENIOR ACCOUNTING MANAGER
6 – 10 years of public accounting experience and operational accounting within a high growth company plus CPA
6
SENIOR REVENUE ANALYST
4 – 6 years of revenue recognition experience in public accounting or private industry plus CPA
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DIRECTOR OF CORPORATE FP&A
10+ years of corporate fp&a experience, a combination of investment banking and hands on finance experience is preferred
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DIRECTOR OF INTERNAL AUDIT
10 – 15 years of public accounting (external or internal audit) or mix of public accounting and private industry internal audit with CPA or CIA
9
10
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2019 ACCOUNTING & FINANCE SALARY BENCHMARKS
ACCOUNTING
COMPENSATION DETAILS
PRIVATE VS PUBLIC
Private companies often times do not have an annual bonus and thus the base
salary is higher than in a public company.
All data is compiled from BVOH actual placements (base salary only) over the last 12 months and, in some cases, from a limited sample size.
ANNUAL TARGET BONUSES FOR PUBLIC COMPANIES
0-7% STAFF
10% SENIOR
15-20% MANAGER &
SR MANAGER
20-25% DIRECTOR
30-40% VP
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2019 ACCOUNTING & FINANCE SALARY BENCHMARKS
STAFF ACCOUNTANT
SR ACCOUNTANT
ACCOUNTING MANAGER
SR ACM/ASSIST CONTROLLER
CORPORATE CONTROLLER
PU
BL
IC
$73,000 $90,000
$92,000 $115,000
$125,000 $135,000
$145,000 $200,000
$240,000 $275,000
LOW HIGH
PR
IVA
TE
$75,000 $100,000
$90,000 $100,000
$120,000 $148,000
$135,000 $180,000
$175,000 $280,000
LOW HIGH
ACCOUNTING
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FINANCE
2019 ACCOUNTING & FINANCE SALARY BENCHMARKS
FINANCIAL ANALYST
SR FINANCIAL ANALYST
FINANCE MGR/SR FINANCE MGR
DIRECTOR OF FINANCE
HEAD OF FINANCE/VP FINANCE
CFO
PU
BL
IC
$80,000 $96,000
$92,000 $120,000
$110,000 $160,000
$195,000 $225,000
$230,000 $300,000
$285,000 $420,000
LOW HIGH
PR
IVA
TE
$85,000 $95,000
$100,000 $130,000
$115,000 $175,000
$160,000 $210,000
$185,000 $250,000
$275,000 $300,000
LOW HIGH
2019 ACCOUNTING & FINANCE SALARY BENCHMARKS
TECHNICAL ACCOUNTING &REVENUE RECOGNITION
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2019 ACCOUNTING & FINANCE SALARY BENCHMARKS
SR REVENUE ANALYST
REVENUE MANAGER
DIRECTOR OF REVENUE
SR SEC ANALYST
SEC/FINANCIAL POLICY MGR
DIRECTOR OF SEC REPORTING
PU
BL
IC
$98,000 $108,000
$140,000 $150,000
$175,000 $200,000
$85,000 $110,000
$115,000 $155,000
$175,000 $200,000
LOW HIGH
PR
IVA
TE
$95,000 $120,000
$132,000 $160,000
$165,000 $195,000
N/A N/A
N/A N/A
N/A N/A
LOW HIGH
TECHNICAL ACCOUNTING &REVENUE RECOGNITION
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ASSET MANAGEMENTINTERNAL AUDIT & TAX
2019 ACCOUNTING & FINANCE SALARY BENCHMARKS
PR
IVA
TE
$85,000 $105,000
$120,000 $150,000
$175,000 $225,000
$85,000 $110,000
$150,000 $170,000
$180,000 $225,000
LOW HIGH
SR INTERNAL AUDITOR
INTERNAL AUDIT MGR/SR MGR
DIRECTOR/VP OF INTERNAL AUDIT
SR TAX ANALYST
TAX MANAGER
DIRECTOR OF TAX
PU
BL
IC
$90,000 $120,000
$130,000 $170,000
$270,000 $320,000
$85,000 $115,000
$125,000 $170,000
$190,000 $250,000
LOW HIGH
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ASSET MANAGEMENT
2019 ACCOUNTING & FINANCE SALARY BENCHMARKS
ACCOUNTANT/FUND ACCOUNTANT
SR ACCOUNTANT/ SR FUND ACCOUNTANT
ACCOUNTING MANAGER
CONTROLLER
VP FINANCE
PR
IVA
TE
$70,000 $90,000
$85,000 $117,500
$105,000 $165,000
$175,000 $200,000
$220,000 $300,000
Annual bonuses represent a material portion of total compensation in Asset Management Firms (and vary between firms.)
LOW HIGH
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2019 ACCOUNTING & FINANCE SALARY BENCHMARKS
WHAT IT WILL COST YOU TO HIRE SOMEONE FROM AUDIT IN THE BIG 4 (KPMG, PWC, EY, DELOITTE)
1 YR
2 YRS
3 YRS
4-5 YRS
MANAGER
SENIOR MANAGER
YRS OF EXP/LEVEL
$70,000 $80,000
$80,000 $103,000
$82,000 $120,000
$95,000 $120,000
$125,000 $175,000
$175,000 $200,000
LOW HIGH
PUBLIC ACCOUNTING
PR
IVA
TE
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BVOH is a boutique recruiting firm specializing in Accounting & Finance search (contingent and
retained) and interim consulting for top employers in the San Francisco Bay Area.
Consulting We provide interim professionals and executives
to support internal resources, deliver technical
expertise, and complete critical projects.
Contingent Search We conduct targeted searches to find exceptional
middle managers and rising staff to build
your “best in class” finance and accounting
organization.
Executive Search We conduct exhaustive and insightful searches
to identify top talent for key leadership positions.
Our dedicated industry expertise and deep
network of long-term relationships with the
most talented financial leaders today allow us
to consistently exceed our clients’ expectations.
BVOH’s success is built from
years of experience in finance
and accounting, our knowledge
of the local market, and a
genuine understanding of what
our clients and candidates care
about most.
ABOUT BVOH
Search & Consulting in Accounting & Finance
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DRIVEN BY PASSION + PURPOSE
BVOH SEARCH + CONSULTING201 Mission St., Ste 720 San Francisco, CA 94105 [email protected] 415.738.0900 www.bvoh.com