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Accounting Associate Salary

Accounting Associates aren't exactly in the most profitable line of business; these folks earn a belt-tightening average of $41K annually. Total cash compensation for Accounting Associates runs from $28K to $54K depending on bonuses that can occasionally exceed $4K and profit sharing that can reach almost $2K. While geography and experience level impact pay for this group, the particular firm is the most influential factor. Men are in the minority of survey respondents, with female Accounting Associates making up 75 percent. For the most part, Accounting Associates enjoy their work and report high levels of job satisfaction. Most report receiving medical coverage from their employers and the larger part collect dental insurance. This snapshot results from replies to PayScale's salary survey.
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$30,692 - $57,233
(Median)
$31K
$41K
$57K
MEDIAN: $40,684
10%
50%
90%

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$11.87 - $21.00
(Median)
$12
$16
$21
MEDIAN: $15.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$20K$40K$60K
Salary
$30,692 - $57,233  
   
Bonus
$0.00 - $4,151  
Profit Sharing
$205.11 - $1,812  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$27,534 - $53,636  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 658
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$11$22$33
Hourly Rate
$11.87 - $21.00  
   
Overtime
$16.14 - $32.87  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$22K$44K$66K
Bonus
$0.00 - $4,151  
   
Profit Sharing
$205.11 - $1,812  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$27,534 - $53,636  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 530
United States (change)

Job Description for Accounting Associate

  • Process, record, and pay invoices, bills, and other transactions.
  • Record fiscal transactions, balancing and reconciling accounts.
  • Assist accountants and auditors with bookkeeping, clerical duties, and managing accounts.
  • Resolve outstanding payments through communication with departments, vendors, and clients.

Common Career Paths for Accounting Associate


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Accounting Associates' salaries may rise greatly for those who assume a higher-end position such as an Accounting Manager. The average Accounting Manager bring home $59K per year. It is quite typical for Accounting Associates to transition into roles as Staff Accountants or Accountants, where reported median earnings are $5K and $5K higher per year.

Accounting Associate Job Listings

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Popular Employer Salaries for Accounting Associate


The consistently lowest paying firm on the list is Wal-Mart Stores, Inc, where the median salary is just $24K — less than half of the top paying company's rate.

Popular Skills for Accounting Associate


Accounting Associates seem to wield many skills on the job. Most notably, facility with Auditing, Financial Analysis, and Tax Preparation are correlated to pay that is significantly above average, leading to increases of 23 percent, 12 percent, and 9 percent, respectively. Those proficient in Accounts Payable are, more often than not, also skilled in Microsoft Excel.

Pay by Experience Level for Accounting Associate

Median of all compensation (including tips, bonus, and overtime) by years of experience.


More years of relevant experience do not necessarily translate to higher paychecks. During their first five years in the workforce, individuals in this position earn $38K on average. Survey participants with five to 10 years under their belts see an only a slightly bigger average of $38K. For Accounting Associates, 10 to 20 years of experience on the job amounts to an average salary of $39K. In the end, more experience does seem to mean larger paychecks; seasoned Accounting Associates with more than 20 years of experience earn a predictably higher median salary of $40K.

Pay Difference by Location


Home to some of the best pay for Accounting Associates, Denver offers exceptional salaries, 42 percent above the national average. Accounting Associates can also look forward to large paychecks in cities like New York (+29 percent), St. Paul (+23 percent), Chicago (+18 percent), and Boston (+15 percent). Those in the field find the lowest salaries in Oklahoma City, 15 percent below the national average. Below-median salaries also turn up in Boise and St. Louis (14 percent lower and 11 percent lower, respectively).

Related Job Salaries

Experience Affects Accounting Associate Salaries




National Average
$38,000


Skills That Affect Accounting Associate Salaries

Auditing
up arrow 23%

Financial Analysis
up arrow 12%

Tax Preparation
up arrow 9%

General Ledger Accounting
up arrow 7%

Data Entry
up arrow 7%


Microsoft Excel
up arrow 3%

Month-End Close
up arrow 3%

Quickbooks
up arrow 1%

Accounts Receivable
0%

Payroll Administration
0%

National Average
$38,000

Accounts Payable
up arrow 1%

Microsoft Office
up arrow 1%

Accounting
up arrow 2%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 225 votes.

Gender

Female
75 %
Male
25 %

Years of Experience

Less than 1 year
9%
1-4 years
45%
5-9 years
19%
10-19 years
19%
20 years or more
8%

Common Health Benefits

medical benefits Medical: 81% dental benefits Dental: 68%
vision benefits Vision: 52% employee benefits None: 17%