What’s a good salary to ask for as someone with their Bachelor’s and a Masters degree in accounting and 1 year of experience. I received a minimal raise in my first year but I was told by my colleagues, the amount was a slap in the face. I don’t know what to do.

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70k

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Good to know. Thank you for your help.

Where are you located? And are you getting your CPA license? What is your experience in? We need more details.

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Raises and pay are higher in public accounting. In private industry, you don't really get much of a raise hardly ever. It's a good idea to get your CPA license while in public accounting and then hop for a higher salary later knowing that there will be less pay growth but more work life balance

I would say between 70-80k but I guess how much of a raise did you get? Normal is 3-6% I would say depending on a lot of factors. Normally annual raises are not that amazing unless it’s a promotion year but it compounds over time. In reality you are likely doing the same work you were as a new hire so depending on what you received/ expected you may need to level set your expectations.

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I think you and your colleagues are overestimating what a first year raise should be.

Just out of curiosity, what did you think it would be and what did you get? That will help

And a 3% raise after one year on a new hire is perfectly normal and acceptable and in line. Don’t fret

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