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The differences between solo practitioners and chartered accountants can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a solo practitioner and a chartered accountant. Additionally, a solo practitioner has an average salary of $97,581, which is higher than the $65,776 average annual salary of a chartered accountant.
The top three skills for a solo practitioner include litigation, real estate transactions and probate. The most important skills for a chartered accountant are internal audit, financial statements, and income tax returns.
| Solo Practitioner | Chartered Accountant | |
| Yearly salary | $97,581 | $65,776 |
| Hourly rate | $46.91 | $31.62 |
| Growth rate | 10% | 6% |
| Number of jobs | 23,680 | 33,005 |
| Job satisfaction | - | - |
| Most common degree | Doctoral Degree, 58% | Bachelor's Degree, 72% |
| Average age | 46 | 44 |
| Years of experience | 4 | 4 |
Solo practitioners and chartered accountants have different pay scales, as shown below.
| Solo Practitioner | Chartered Accountant | |
| Average salary | $97,581 | $65,776 |
| Salary range | Between $60,000 And $157,000 | Between $42,000 And $102,000 |
| Highest paying City | - | - |
| Highest paying state | - | - |
| Best paying company | - | - |
| Best paying industry | - | - |
There are a few differences between a solo practitioner and a chartered accountant in terms of educational background:
| Solo Practitioner | Chartered Accountant | |
| Most common degree | Doctoral Degree, 58% | Bachelor's Degree, 72% |
| Most common major | Law | Accounting |
| Most common college | Stanford University | University of Pennsylvania |
Here are the differences between solo practitioners' and chartered accountants' demographics:
| Solo Practitioner | Chartered Accountant | |
| Average age | 46 | 44 |
| Gender ratio | Male, 58.3% Female, 41.7% | Male, 61.0% Female, 39.0% |
| Race ratio | Black or African American, 5.5% Unknown, 4.4% Hispanic or Latino, 7.7% Asian, 6.3% White, 75.8% American Indian and Alaska Native, 0.3% | Black or African American, 7.5% Unknown, 3.9% Hispanic or Latino, 9.8% Asian, 18.1% White, 60.2% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 10% | 7% |