October 31, 2020

Compensation Watch ’19: Tax Professionals

Hey there, tax jockeys. How’s your Wednesday been so far? Feeling less whiny today? Good. We have some new salary data to share with you, from the folks over at Korn Ferry, that might be of interest.

The management consulting firm dug deep into its pay database, did some math, punched some buttons, and came up with how much tax professionals in the U.S. are making, on average, based on experience:

  • Tax analyst (1-2 years experience): $60,050
  • Intermediate tax accountant (2-4 years experience): $66,969
  • Senior tax accountant (6+ years experience): $99,625

But Korn Ferry didn’t stop there. It also analyzed average annual salaries for tax professionals in nine major cities across the U.S.:

Atlanta

  • Tax analyst: $59,175
  • Intermediate tax accountant: $66,006
  • Senior tax accountant: $100,093

Boston

  • Tax analyst: $70,788
  • Intermediate tax accountant: $78,777
  • Senior tax accountant: $116,085

Chicago

  • Tax analyst: $65,769
  • Intermediate tax accountant: $73,258
  • Senior tax accountant: $108,509

Dallas

  • Tax analyst: $60,634
  • Intermediate tax accountant: $67,611
  • Senior tax accountant: $103,927

Denver

  • Tax analyst: $63,318
  • Intermediate tax accountant: $70,563
  • Senior tax accountant: $104,769

Minneapolis

  • Tax analyst: $64,252
  • Intermediate tax accountant: $71,590
  • Senior tax accountant: $105,049

New York

  • Tax analyst: $71,780
  • Intermediate tax accountant: $79,868
  • Senior tax accountant: $121,041

Philadelphia

  • Tax analyst: $64,427
  • Intermediate tax accountant: $71,782
  • Senior tax accountant: $107,481

San Francisco

  • Tax analyst: $76,273
  • Intermediate tax accountant: $84,810
  • Senior tax accountant: $125,530

Of these nine cities, the only one that pays less than the national average, for tax analyst and intermediate tax accountant, is the ATL. And tax accountants with six or more years of experience make well into six figures in Boston, New York, and San Fran.

Anyone from Atlanta want to chime in on whether these numbers are indicative of what you are seeing or hearing? If anything else stands out to you, let us know.

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