Kevin Den Adel: Accounting, Finance Salaries Set to Increase

PHILADELPHIA, PA, October 25, 2012

Journal of Accountancy reports that the starting salaries for accounting and finance professionals in the United States are expected to rise in 2013. Although the strength of the economy remains uncertain, this particular field anticipates a starting salary increase between 2.7 and 4.5 percent next year, as compared to the statistics from the beginning of 2012. Kevin Den Adel, accounting lecturer and the Director of the Undergraduate Accounting Program at the University of Iowa, notes that the actual increase pertains to corporate accounting employees and depends upon the size of the company and the expectations of the position; however, he is encouraging students to explore this field in an effort to secure jobs upon graduation.

According to the article, public accounting is also expected to experience a rise in average starting salaries. This particular field is anticipated to increase these salaries by between 2.6 and 3.6 percent. These numbers may come as a shock to some Americans, as the economy is still tumultuous and the unemployment rate remains uncomfortably high; however, the article explains that: "Despite the high U.S. unemployment, though, university-degreed workers with specialized skills needed to succeed in accounting are experiencing low unemployment."

Den Adel believes that these statistics should encourage students to explore the possibility of studying within the financial industry. He notes that many fields are experiencing higher unemployment rates and that, on average, new professionals have to accept starting salaries much lower than those offered to previous generations.

"The accounting profession continues to provide significant employment opportunities for new college graduates and experienced Certified Public Accountants," asserts Kevin Den Adel. "Even in a difficult economic climate, accounting professionals enjoy numerous career options and financial stability. This trend will continue as the global economy becomes more complex and the demand for accounting expertise increases."

Den Adel understands that accountancy is not for everyone; he knows, firsthand, that it takes a certain degree of passion and expertise to excel in this field; however, he believes that students who decide to study within the accountancy industry may experience better professional prospects upon graduation, given the state of the global economy and the needs of the domestic business sector. Additionally, Den Adel adds, the industry is divided into a large number of categories and students can opt to specialize in a certain field within the accounting sphere.

ABOUT:

Kevin Den Adel is an accounting lecturer and the Director of the Undergraduate Accounting Program at the University of Iowa in Iowa City. He holds both a Bachelor of Arts and a Ph.D. in accounting, from Central College and the University of Iowa, respectively. Kevin Den Adel shares his industry insight regarding the financial field with students while championing the administrative tasks necessary to keep the department running. Kevin Den Adel has earned numerous honors and awards for his professional accomplishments and is a member of the Iowa Society of Certified Public Accountants and the American Accounting Association.

Website: http://kevindenadel.com