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Entry-level pay for your position is $68k.
Since no one but you knows the role requirements, advancement opportunities, or even the type of accounting job you have, it is likely that no one is going to be able to give you an educated guess as to increases. If you were in public accounting at a B4 or a middle tier firm, people would have more ability to help.
Talk to your new colleagues over the next few months, especially those that were in the role you now have. They will best be able to provide you with expectations for your role.
Good luck!
$68k in HCOL regardless of specialty seems low in 2025. As EY1 says, it really depends. I started at $57k as an associate at PwC in Philadelphia in 2019. Six years later, my salary is now $150k.
It does seem low
I live in a hCOl area. The $68k is what we offer our new staff considering first year is basically training the cpa firm pays for. The firm is a top 10 national firm. The firm used to pay for cpa education and provided a bonus if passed within certain date. Not sure what the rule is now after PE investment.
What city? Sometimes people mistake hcol cities. Like Phoenix is a LCOL city for accountants. Also is it public accounting or an industry job?
Curious as well
If you want detailed answers you need to give more detail on what kind of degree do you have, what kind of accounting job you have, and are you cpa eligible. A new staff at B4 likely makes more than someone working in accounting for a smaller business. Also what do you consider a big jump in salary in 1-2 years?
At B4 normal raises are 3-8% and promotion years at 12-20%. Most are promoted in 1-3 years to senior and then to manager after 5 years.