Financial accounting: accounts receivable, accounts payable, accounting and taxation specialists, cost accounting, with a monthly salary of 4-6K, and less than 3K in cities below the third tier.
Management accountant: budget and cost analyst, with a monthly salary of 5-8K.
Judging from the most basic accounting, the starting point of management accounting is obviously higher and the income is relatively more. The entry threshold of accounting is getting lower and lower, and it is not difficult to get started in grass-roots work. The number of employees is huge, so that the income of basic accounting has no advantage. If you don't want to get a meager salary, you must improve your skills.
Second, senior positions
Financial accounting: tax supervisor/manager, general ledger accountant, with a monthly salary of 7-1.2k.
Management accounting: cost and budget analysis supervisor/manager, monthly salary1.2-2.5k.
From basic accounting to a higher level, the most important thing is to improve one's ability. From the position, the tax supervisor and general ledger accountant only analyze the existing data of the enterprise, find out and solve the problems. As the director of cost budget analysis, it is necessary to make an accurate budget analysis of costs, avoid related risks, make constructive suggestions and help decision-making before the business happens, which will play a more important role and require more complicated professional skills.
Third, management positions
Financial accounting: accounting manager, annual salary 15-20W.
Management accounting: manager of fund and internal audit, senior manager of financial analysis with annual salary of 25-35W, and annual salary of 30-60W.
At present, the battlefield for financial managers to create value has shifted, and strategic decision support and operation process management and control are the most valuable areas. This is the field where management accounting is good at, and it is also a sharp shortage of talents in China. Therefore, in the field of management, management accounting plays a greater role than financial accounting and can play more roles. Being able to analyze financial problems from the perspective of business, creating greater value and getting more rewards accordingly.
Fourth, senior management positions
Management accountant: CFO, chief financial officer with an annual salary of 60-80W, with an annual salary of 100W or above.
As the chief financial officer and chief financial officer, which accountants are very yearning for, they will naturally have super high requirements for the incumbent. Nowadays, many Fortune 500 companies regard CMA certificate as a very important consideration standard for financial directors or CFOs. As an all-round high-quality comprehensive manager, many contents of management accounting can be applied at work, which is something that financial accounting is unlikely to involve. Therefore, management accounting can be said to be a very suitable way to grow into a chief financial officer or CFO.