Finding satisfying and lucrative finance careers can be challenging, especially in smaller markets like Vermont.
However, Vermont offers a surprisingly strong job market and competitive salaries for accountants, analysts, and other finance professionals across experience levels and specialties.
In this article, we'll explore specific salary ranges and top employers in the state, additional compensation policies that boost total pay, and promising future growth areas to help guide your career planning.
Introduction to Finance Salaries in Vermont
Vermont offers a robust job market for finance professionals, with competitive salaries and ample growth opportunities. As a business leader looking to expand your team, understanding the finance landscape can help attract top talent.
Vermont's Robust Finance Job Market
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Finance job growth in Vermont is projected to increase by 8% from 2020 to 2030, faster than the national average according to the U.S. Bureau of Labor Statistics. This indicates strong demand for financial expertise.
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With major employers like Keurig Dr Pepper, Ben & Jerry's, and Burton Snowboards based in the state, Vermont offers a range of finance roles across various industries.
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Vermont's educated workforce supplies finance talent, with roughly 5,000 employees currently working in accounting, tax prep, bookkeeping, and payroll services based on latest figures.
Top Vermont Employers Hiring Finance Talent
Some notable Vermont companies hiring accounting and finance professionals include:
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University of Vermont: Seeking grant accountants, financial analysts, and other fiscal roles to support university operations.
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Keurig Dr Pepper: Hiring corporate finance positions like FP&A analysts and senior accountants at the beverage giant's Vermont headquarters.
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Ben & Jerry's: Staffing finance jobs from cost analysts to controllers at the iconic ice cream maker's offices.
Salary Ranges for Common Finance Roles
Here are typical Vermont salary ranges for a few key finance positions:
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Financial Analysts: $60,000 - $90,000
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Accountants: $55,000 - $75,000
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Controllers: $80,000 - $120,000
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Chief Financial Officers: $120,000+
Salaries can vary based on company, industry, experience level, and exact position responsibilities. But overall Vermont provides competitive compensation compared to national trends.
With strong job growth, ample talent, and competitive pay, Vermont offers an attractive environment for finance leaders looking to build their teams. Understanding the market landscape can help set realistic expectations and attract top candidates as you scale your business.
Accounting Salaries in Vermont
Vermont offers competitive salaries for accounting and finance professionals across industries. With its low cost of living and high quality of life, the state attracts top talent while keeping compensation reasonable for employers.
Entry-Level Accounting Salaries
Entry-level accountants in Vermont earn average starting salaries of $45,000 to $55,000 per year. Recent graduates can expect to make:
- $42,000 - $48,000 at small to mid-sized companies
- $46,000 - $52,000 at larger corporations
- $44,000 - $50,000 in the non-profit sector
- $40,000 - $46,000 in state and local government roles
Salaries typically increase with certifications like the CPA license.
Staff and Senior Accountant Salaries
With 3-5 years of experience, staff accountants in Vermont earn average salaries of $55,000 to $75,000. Senior accountants with 5-7 years of experience make $65,000 to $85,000 on average.
At public accounting firms, staff accountants average $50,000 to $60,000 with senior accountants earning up to $80,000 per year. In industry accounting roles, senior accountants can make $75,000 to $95,000 on average.
Accounting Manager and Controller Salaries
Accounting managers and controllers with 8+ years of experience earn some of the highest accounting salaries in Vermont, averaging between $85,000 and $120,000 per year.
Higher salaries are found in manufacturing ($90,000-$130,000), technology ($95,000-$135,000), and financial services ($100,000-$140,000). Government and non-profit accounting leadership roles pay $80,000 to $110,000 on average.
With strong demand for financial expertise, Vermont offers growing and lucrative accounting careers across sectors. Remote work opportunities also enable professionals to enjoy Vermont's renowned quality of life.
Financial Analyst Salaries in Vermont
Vermont offers competitive salaries for financial analysts and other finance professionals. The state's key industries like financial services, manufacturing, tourism, and healthcare provide steady demand for analytical talent.
Junior Financial Analyst Salaries
Junior financial analysts in Vermont earn average salaries of $45,000 to $65,000 per year. Entry-level corporate finance roles tend to start between $45,000 and $55,000. Analysts with 1-3 years of experience make $55,000 to $65,000 on average.
Senior Financial Analyst Salaries
The average salary for senior financial analysts and managers in Vermont is $75,000 to $95,000 per year. Those in leadership roles like Finance Manager and Director of FP&A command six-figure salaries exceeding $100,000. Experience with financial reporting, budgeting, forecasting, and data analytics is highly valued.
Finance Data Analyst Salaries
Salaries for finance data analysts range from $60,000 to $85,000 on average in Vermont. Treasury analysts earn between $60,000 and $75,000. Cost analysts are compensated between $65,000 and $80,000 per year typically. FP&A analysts with advanced Excel and data visualization skills can make up to $85,000 annually.
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Additional Compensation and Benefits
Finance professionals in Vermont have opportunities to earn strong compensation packages, with bonuses, retirement contributions, paid time off, and other valuable perks complementing base salaries.
Bonuses and Incentives
Many firms offer performance bonuses ranging from 5-20% of base pay for meeting individual and company targets. Senior managers and partners may also earn profit-sharing distributions. Equity compensation is less common but gaining traction among tech firms and startups.
Retirement Benefits
401K matching is now standard, with many Vermont employers offering 50-100% matches up to 6% of pay. Some finance teams also benefit from profit-sharing plans, with discretionary employer contributions averaging 3-5% of compensation.
Work-Life Balance Policies
Paid vacation time typically starts at 2-3 weeks, rising to 4+ weeks for senior staff. Flexible scheduling and remote work options are increasingly common, though availability varies. Many teams enjoy summer half-day Fridays. Parental leave has also expanded in recent years, often providing 4-8 weeks paid time off.
Future Finance Career Growth in Vermont
Vermont's finance sector is poised for steady growth in the coming years, providing exciting opportunities for accounting and finance professionals looking to advance their careers. Several key areas are driving hiring demand and skill development in the state.
Hot Areas to Develop In-Demand Skills
As technology transforms finance roles, certain skill sets will be highly sought-after by Vermont employers:
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Data analytics and visualization: Using data to derive business insights is becoming integral across industries. Expertise in data mining, predictive modeling, dashboard creation, and explaining analytical findings are key skills to develop.
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Business intelligence and strategy: Finance professionals who can analyze data and provide strategic recommendations are invaluable. Learning skills like competitive analysis, KPI optimization, and translating numbers into actionable insights is advised.
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Emerging technologies: Blockchain, process automation, and AI are reshaping finance. Gaining hands-on experience in these technologies via online courses, certifications, or experimental projects at work can provide a competitive edge.
Building capabilities in these areas ensures your skills stay relevant for in-demand finance roles in Vermont now and in the coming years.
Continued Strong Hiring Across Most Industries
Vermont enjoys a diverse economy spanning various sectors which are projected to have robust finance hiring activity:
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Technology and software: With over 1,200 tech companies based in Vermont, hiring demand for financial analysts, controllers, and other finance roles to support business growth is strong.
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Food and beverage manufacturing: As a leading maple syrup and craft beer producer, Vermont provides many financial controller, credit management, and cost accounting jobs in these thriving sectors.
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Insurance and financial services: Top employers like Keurig Dr Pepper, GE Aviation, and Ben & Jerry's have complex finance needs, driving steady recruitment.
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Government and education: Burlington's growing population and the University of Vermont system employ accountants, budget analysts, and other fiscal roles.
This breadth of industries presents well-rounded opportunities to develop specialized expertise and progress your finance career within Vermont's job market.
Conclusion and Key Takeaways
Vermont offers competitive salaries for finance professionals, though compensation varies by role, experience level, and geographic location. Some key takeaways on finance salaries in Vermont include:
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The average salary for an accountant in Vermont is $62,000 per year. Senior accountants and CPAs tend to earn 10-20% higher salaries.
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Financial analysts in Vermont earn an average of $68,000 annually. Analysts with specialized expertise or in leadership roles can command six-figure salaries.
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Location impacts pay, with finance salaries in Burlington and surrounding Chittenden County averaging 5-15% higher than the state-wide median.
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Company size and industry drive compensation as well. Professionals at large corporations or thriving sectors like tech and biotech tend to see higher base pay and bonuses.
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Strong interpersonal and analytical skills, business acumen, communication abilities, and expertise in specific accounting standards or systems can boost salary offers.
Overall, Vermont provides a favorable environment for finance professionals looking for a high quality of life, reasonable cost of living, and competitive salaries relative to the state's median household income. Businesses can attract top talent by highlighting Vermont's natural beauty and abundance of outdoor recreation alongside compensation and benefits.
