Accounting Associate Salary

Those pursuing careers as Accounting Associates in the United States may have to make do with less; average incomes for people in this area hover around only $42K annually. Including potential for bonuses and profit sharing — peaking near $5K and $3K, respectively — total cash payment to Accounting Associates can bottom out near $28K or peak near $55K depending on individual performance. Earnings for this group are mostly affected by the specific employer, followed by geography and years of experience. Most enjoy medical while the greater part get dental coverage. Vision coverage is also available to just over a half. Men are in the minority of survey respondents, with female Accounting Associates making up 77 percent. Job satisfaction is reported as high by the vast majority of workers. This snapshot results from replies to PayScale's salary survey.
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$31,636 - $58,188
(Median)
$32K
$42K
$58K
MEDIAN: $41,840
10%
50%
90%

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$11.92 - $21.57
(Median)
$12
$16
$22
MEDIAN: $16.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$20K$40K$60K
Salary
$31,636 - $58,188  
   
Bonus
$0.00 - $4,959  
Profit Sharing
$489.36 - $3,020  
Commission
$6,000  
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).
)
$28,054 - $54,759  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 861
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$11$22$33
Hourly Rate
$11.92 - $21.57  
   
Overtime
$16.95 - $32.69  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$22K$44K$66K
Bonus
$0.00 - $4,959  
   
Commission
$6,000  
Profit Sharing
$489.36 - $3,020  
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).
)
$28,054 - $54,759  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 704
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Job Description for Accounting Associate

Accounting associates are responsible for providing assistance to top-level accountants within a company, as well auditors and other finance employees. This position also requires bookkeeping and other accounting duties.

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Accounting Associate Tasks

  • 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 who transition into an Accounting Manager role may receive large pay increases as the latter position pays an average $60K per year. It is quite typical for Accounting Associates to transition into roles as Staff Accountants or Accountants, where reported median earnings are $4K and $5K higher per year.

Accounting Associate Job Listings

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Popular Employer Salaries for Accounting Associate


Wal-Mart Stores, Inc lags the field greatly in terms of pay, offering a median salary less than half of the top paying company's rate ($23K).

Popular Skills for Accounting Associate


Survey results imply that Accounting Associates deploy a deep pool of skills on the job. Most notably, skills in Financial Analysis, Accounting, Tax Preparation, and Auditing are correlated to pay that is above average, with boosts between 7 percent and 16 percent. Skills that seem to negatively impact pay include Customer Service. 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.


For many Accounting Associates, extensive experience does not lead to significantly more money. The average inexperienced worker's salary is approximately $39K, and people with five to 10 years of experience bring in more at around $40K on average. On average, Accounting Associates make $40K following one to two decades on the job. Respondents who claim more than 20 years of experience may encounter pay that doesn't quite reflect their extensive experience; these veterans report a median income of around $41K.

Pay Difference by Location

National Average: $39,439

Larger city markers indicate a job is popular in that location.

For Accounting Associates, working in the bustling city of Boston has its advantages, including an above-average pay rate. Accounting Associates can also look forward to large paychecks in cities like New York (+27 percent), Chicago (+27 percent), Denver (+26 percent), and Houston (+11 percent). The lowest-paying market is St. Louis, which sits 15 percent below the national average. Two other places where employers offer below-median salaries are San Diego (5 percent less) and Pittsburgh (3 percent less).

Related Job Salaries

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Experience Affects Accounting Associate Salaries




National Average
$39,000


Skills That Affect Accounting Associate Salaries


Accounting
up arrow 11%



Financial Reporting
up arrow 4%

General Ledger Accounting
up arrow 3%

Data Entry
up arrow 3%

Microsoft Excel
0%

National Average
$39,000

Payroll Administration
up arrow 1%

Month-End Close
up arrow 1%

Accounts Payable
up arrow 2%

Accounts Receivable
up arrow 2%

Microsoft Office
up arrow 2%

Quickbooks
up arrow 3%

Customer Service
up arrow 9%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 217 votes.

Gender

Female
77 %
Male
23 %

Years of Experience

Less than 1 year
10%
1-4 years
44%
5-9 years
20%
10-19 years
18%
20 years or more
8%

Common Health Benefits

medical benefits
Medical: 81%
dental benefits
Dental: 67%
medical benefits
Vision: 54%
dental benefits
None: 16%
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