Accountant salary louisiana

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Steps to Becoming an Accountant in Louisiana

Modified July 17, 2021

The State Board of Certified Public Accountants of Louisiana confers the status of Certified Public Accountant (CPA) upon qualified graduates who have completed at least 150 semester hours of college credit and one year of practical work experience and have achieved passing scores on the Uniform CPA Exam. With most bachelor’s programs consisting of just 120 semester hours of college credit, a master’s in accounting can provide the additional credit hours in advanced accounting coursework required for CPA licensure in Louisiana.

CPAs in Louisiana work for a broad variety of industries and corporations. Some of the most sought-after positions are within CPA firms with regional and even national reputations for excellence. Chief among these are “Big Four” international CPA firms PricewaterhouseCoopers, Ernst & Young, and KPMG, all of which have offices in New Orleans.

One of the largest employers of government accountants in the state is the Office of Statewide Reporting and Accounting Policy in Baton Rouge. This office is responsible for managing financial information among all state agencies, including the Louisiana Department of State Civil Service and the Office of Planning and Budget, both also located in Baton Rouge.

A number of Fortune 500 companies also have a presence in Louisiana and are recognized as the state’s largest employers of corporate management accountants, financial controllers, internal auditors, and cost and capital accountants. Some of the most noteworthy include the power company Entergy in New Orleans, telecommunications company CenturyLink in Monroe, and engineering company The Shaw Group, located in Baton Rouge. Telecommunications giant Globalstar Inc. is headquartered in Covington, and specialty chemicals company Bercen, Inc. has its headquarters in Denham Springs. Insurance giants such as Louisiana Medical Mutual Insurance Company in Metairie and the Prudential Insurance Company of America in Lafayette rely not only on their management accountants and controllers to efficiently manage revenue to cost and output while adhering to internal controls but are also among the state’s biggest employers of actuarial accountants responsible for determining the probability of risk when developing insurance products and pricing plans.

Find out more about CPA requirements in our step-by-step guide on how to become a CPA in Louisiana.

Louisiana Accountants: Salary and Employment Facts

The Louisiana Workforce Commission considers the accounting profession to be so promising that it awarded it a five-star rating more than once in recent years—a designation that exemplifies occupations that have the best long-term outlook and wages in the state. The agency predicts an increase from 10,830 to 11,170 accountants and auditors between 2018 and 2028.

Louisiana is competitive at drawing manufacturers, thanks to its strong business climate, high quality workforce development program, access to national and international markets, and the many logistic benefits that come with the robust GIS-mapping technology used by state government. CenturyLink, Entergy, and Turner Industries are a few of the prominent companies headquartered in Louisiana and remain three of the chief employers of accountants and auditors in the state.

According to the Bureau of Labor Statistics (BLS), accountants and auditors in Louisiana earned a median salary of $62,190.

Salaries for Louisiana Accountants in Different Specialized Roles

The BLS also provides a good deal of insight into what accountants and auditors in the state are earning based on their job title, industry, experience, and more. Note that the following BLS numbers from May 2020 reveal base pay and do not account for other salary incentives, such as bonuses and stock options, which are often part of an accountant’s salary package, particularly among those in leadership and executive positions.

Corporate Staff Accountants, Bookkeepers, and Accounting Clerks

Corporate staff accountant, bookkeeper, and accounting clerk positions are ideal for accountants who are fairly new to the profession. Those with little experience earned about $31,010 in Louisiana as of May 2020, which represents the 25th percentile, while those at the median salary range (likely those with at least a handful of years of experience) earn about $37,400 here.

Seasoned corporate staff accountants and those holding managerial and other leadership positions tend to earn salaries that reflect the upper salary range (75th – 90th percentile), which in Louisiana is $45,990 – $54,940.

Forensic Accountants

Forensic accounting has been exceptionally prominent in Louisiana. The state sought high-powered accountants in the wake of Hurricane Katrina and the Deepwater Horizon oil spill to help audit the reconstruction and recovery funds allocated to Louisiana and make sure that they were properly dispersed. As expected, this type of specialized accounting role comes with strong salaries. In Louisiana, forensic accountants earned about $79,950 as of May 2020, which reflects the 75th percentile among Louisiana’s accountants and auditors.

In many larger cities, salaries tend to be even higher. For example, in Lake Charles, forensic accountants earn about $86,480, while those in Lafayette report an average salary of about $82,180.

Controllers and Other Financial Managers

With a prime position in corporate management, controllers enjoy salaries that start near the six-figure mark. Louisiana’s controllers and other financial managers earned a median salary of $100,520, according to May 2020 numbers from the BLS, while those at the upper end of salary scale (75th – 90th) earned between $135,290 and $192,590.

In large, metro areas like New Orleans, the median pay for these financial pros is even higher, at $107,050, while those in the 75th – 90th percentile earn $145,590 to more than $208,000.

CPAs and Auditors

The field of public accounting includes some of the most highly skilled professionals, including CPAs and auditors, who earn about $102,190, which represents the 90th percentile among the state’s accountants and auditors. Head to one of Louisiana’s larger metro areas, like New Orleans, and the average salary for CPAs and auditors is even higher, at about $108,820.

Accountants in Executive Roles

As expected, the top earners in the field of accounting hold senior-level management and executive positions. At the top of the food chain are CFOs, whose base salaries represent only a fraction of their total earning power.

At the median level, Louisiana’s accounting executives earn about $194,250, while those in the 75th percentile and above earn more than $208,000.

Accountant Salaries in the Major Metropolitan and Nonmetro Areas of Louisiana

While most accountants in Louisiana’s metro areas enjoy median salaries of about $60,000, those in the Monroe metro area earn some of the largest paychecks in the profession at the 90th percentile.

(This broad classification includes accounting professionals in different areas of specialty, with different credentials, and with varying levels of experience.)

Area Name

Employment

Annual 25th percentile wage

Annual median wage

Annual 75th percentile wage

Annual 90th percentile wage

Alexandria

340

50040

61210

75250

94640

Baton Rouge

2930

48430

59940

74850

96390

Hammond

220

49040

60930

78110

92990

Houma-Thibodaux

520

44510

56780

78540

96920

Lafayette

1270

48180

59910

82180

102810

Lake Charles

490

54650

69390

86480

112700

Monroe

500

54990

68040

84590

120880

New Orleans-Metairie

4220

51500

65120

83830

108820

Shreveport-Bossier City

1000

51870

65630

78490

94730

Tax Preparer Salaries in Louisiana

New Orleans comes out as the clear winner for its pay of tax preparers, according to the BLS, posting a median salary that soars past other regions of the state by about $20,000.

Area Name

Employment

Annual 25th percentile wage

Annual median wage

Annual 75th percentile wage

Annual 90th percentile wage

Central Louisiana nonmetropolitan area

50

25140

34120

50750

80470

Lafayette

80

28950

36720

52610

79460

New Orleans-Metairie

350

31140

54500

77510

93280

 

May 2020 Bureau of Labor Statistics salary and job growth data for Accountants and AuditorsFinancial ManagersBookkeeping, Accounting and Auditing Clerks, and Chief Executives. Figures represent national data, not school specific information. Conditions in your area may vary. Data accessed April 2021.

Job growth projections sourced from the Louisiana Workforce Commission and reported in the U.S. Department of Labor-funded Long Term Occupational Projections (2018-2028) database – https://projectionscentral.com/Projections/LongTerm.

Sours: https://www.accountingedu.org/louisiana/

How much does an Accountant I make in Louisiana? The average Accountant I salary in Louisiana is $54,086 as of September 27, 2021, but the range typically falls between $49,241 and $59,550. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.

SalarySalary + BonusBenefits

Based on HR-reported data: a national average with a geographic differential

Accountant I Salaries by Percentile

Percentile Salary LocationLast Updated
10th Percentile Accountant I Salary$44,830LASeptember 27, 2021
25th Percentile Accountant I Salary$49,241LASeptember 27, 2021
50th Percentile Accountant I Salary$54,086LASeptember 27, 2021
75th Percentile Accountant I Salary$59,550LASeptember 27, 2021
90th Percentile Accountant I Salary$64,525LASeptember 27, 2021

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Job Description for Accountant I

Accountant I assists in maintaining financial records and ensuring that financial transactions are properly recorded. Ensures the accuracy of entries to ledger accounts and reconciles subsidiary ledger accounts to the general ledger. Being an Accountant I compiles financial data to aid more senior accountants in the preparation of balance sheets, profit and loss statements and other financial reports. Assists in analyzing current costs, revenues, financial commitments, and obligations incurred to predict future revenues and expenses. Additionally, Accountant I requires a bachelor's degree. May require eligibility to sit for CPA exam. Typically reports to a supervisor or manager. The Accountant I works on projects/matters of limited complexity in a support role. Work is closely managed. To be an Accountant I typically requires 0-2 years of related experience. (Copyright 2021 Salary.com)...View full job description

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Location Avg. SalaryDate Updated
Location Abbeville, LAAvg. Salary $51,570Date Updated September 27, 2021
Location Abita Springs, LAAvg. Salary $55,398Date Updated September 27, 2021
Location Acme, LAAvg. Salary $49,569Date Updated September 27, 2021
Location Addis, LAAvg. Salary $52,494Date Updated September 27, 2021
Location Aimwell, LAAvg. Salary $49,569Date Updated September 27, 2021
Location Akers, LAAvg. Salary $54,806Date Updated September 27, 2021
Location Albany, LAAvg. Salary $52,042Date Updated September 27, 2021
Location Alexandria, LAAvg. Salary $50,021Date Updated September 27, 2021
Location Ama, LAAvg. Salary $55,730Date Updated September 27, 2021
Location Amelia, LAAvg. Salary $52,042Date Updated September 27, 2021

What does an Accountant I do?

Accountant I in Agoura Hills, CA

Reconciles restaurant daily receipts.

February 04, 2021

Accountant I in Albany, NY

Assist accounts payable team in routing invoices for approval and entering invoices into the accounting system, as needed.

July 21, 2021

Accountant I in Alexandria, VA

Prepares monthly ACH payments, general ledger reconciliations and bank reconciliations.

March 24, 2021

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About Louisiana

Louisiana is bordered to the west by Texas; to the north by Arkansas; to the east by Mississippi; and to the south by the Gulf of Mexico. The state may properly be divided into two parts, the uplands of the north, and the alluvial along the coast. The alluvial region includes low swamp lands, coastal marshlands and beaches, and barrier islands that cover about 20,000 square miles (52,000 km2). This area lies principally along the Gulf of Mexico and the Mississippi River, which traverses the state from north to south for a distance of about 600 mi (970 km)) and empties into the Gulf of Mexico; ...

Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia

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Accountant I Salary by Global Country

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About Louisiana    Louisiana is bordered to the west by Texas; to the north by Arkansas; to the east by Mississippi; and to the south by the Gulf of Mexico. The state ma....More

Skills associated with Accountant I: Calculate Depreciation, Balance Sheet Analysis, Revenue Recognition, Financial Accounting...More

Recently searched related titles: Grants Accountant, Accountant Trainee, Investment Accountant

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Sours: https://www.salary.com/research/salary/benchmark/accountant-i-salary/la
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Accountant salary in Louisiana

The average salary for an accountant in Louisiana is around

Avg Salary

Accountants earn an average yearly salary of $66,860.
Wages typically start from $41,030 and go up to $108,951.

18% above national average ● Updated in 2018

Accountant earnings by seniority

Approximate values based on highest and lowest earning segments.

Accountant salary by state

State NameAverage Salary
Alaska$73,244
Alabama$56,503
Arkansas$54,645
Arizona$53,014
California$70,805
Colorado$72,940
Connecticut$76,450
District of Columbia$91,890
Delaware$72,750
Florida$62,270
Georgia$68,870
Guam$44,690
Hawaii$57,828
Iowa$58,329
Idaho$66,110
Illinois$63,746
Indiana$59,555
Kansas$57,757
Kentucky$56,964
Louisiana$66,860
Massachusetts$74,890
Maryland$74,030
Maine$63,150
Michigan$65,850
Minnesota$66,240
Missouri$70,240
Mississippi$56,690
Montana$61,460
North Carolina$69,840
North Dakota$59,660
Nebraska$59,820
New Hampshire$67,120
New Jersey$90,400
New Mexico$60,120
Nevada$62,350
New York$83,250
Ohio$64,630
Oklahoma$65,030
Oregon$65,760
Pennsylvania$59,076
Puerto Rico$32,770
Rhode Island$76,770
South Carolina$58,640
South Dakota$62,270
Tennessee$62,100
Texas$72,860
Utah$63,410
Virginia$76,490
Virgin Islands$48,650
Vermont$67,310
Washington$70,600
Wisconsin$63,390
West Virginia$62,670
Wyoming$60,870

How do accountant salaries compare to similar careers?

Accountants earn about the same as related careers in Louisiana. On average, they make less than securities and commodities brokers but more than credit analysts.

Source: CareerExplorer (Aggregated)

Sours: https://www.careerexplorer.com/careers/accountant/salary/louisiana/

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Salary louisiana accountant

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How much do Trainee Accountants earn? CIMA, ACCA \u0026 ACA Salaries

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