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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. In the world of Accounting Associates, total cash compensation can vary between $28K and $54K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $5K and $2K, respectively. The most influential factor affecting pay for this group is the specific employer, though geography and years of experience have a (lesser) impact as well. Job satisfaction for Accounting Associates is high. Most enjoy medical while more than half get dental coverage. Vision coverage is also available to slightly more than half. Most Accounting Associates survey respondents are women (77 percent). The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
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$31,098 - $57,594
(Median)
$31K
$41K
$58K
MEDIAN: $41,175
10%
50%
90%

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$11.92 - $21.37
(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
$31,098 - $57,594  
   
Bonus
$0.00 - $4,593  
Profit Sharing
$483.55 - $1,775  
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).
)
$27,720 - $53,864  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 734
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
$11.92 - $21.37  
   
Overtime
$16.44 - $31.80  
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 - $4,593  
   
Profit Sharing
$483.55 - $1,775  
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).
)
$27,720 - $53,864  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 615

Find Out Exactly What You Should Be Paid

United States (change)


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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 brings home $59K per year. Career advancement for the typical Accounting Associate often leads to becoming a Staff Accountant or an Accountant; median salaries in these positions are $5K higher and $5K higher, respectively.

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


Accounting Associates report using a deep pool of 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 21 percent, 12 percent, and 11 percent, respectively. It is often found that people who know Accounts Payable are 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.


Accounting Associates with more experience do not necessarily bring home bigger paychecks. In fact, experience in this field tends to impact compensation minimally. Relatively untried employees who have less than five years' experience have a median salary of $38K. Those who have been around for five to 10 years can expect to take home more — $39K on average. On average, Accounting Associates make $39K following one to two decades on the job. Veterans who have worked for more than two decades do tend to make the most in the end; the median pay for this group is $40K.

Pay Difference by Location


Accounting Associates will find that Denver offers an impressive pay rate, one which exceeds the national average by 37 percent. Accounting Associates can also look forward to large paychecks in cities like New York (+30 percent), Boston (+20 percent), Chicago (+18 percent), and Houston (+11 percent). The lowest-paying market is Oklahoma City, which sits 14 percent below the national average. Employers in St. Louis and San Diego also lean toward paying below-median salaries (13 percent lower and 12 percent lower, respectively).

Related Job Salaries

United States (change)

Experience Affects Accounting Associate Salaries




National Average
$39,000


Skills That Affect Accounting Associate Salaries

Auditing
up arrow 21%


Tax Preparation
up arrow 11%


General Ledger Accounting
up arrow 5%

Data Entry
up arrow 5%

Accounting
up arrow 3%

Microsoft Excel
up arrow 2%

Month-End Close
up arrow 1%

Quickbooks
0%

Payroll Administration
0%

National Average
$39,000

Accounts Payable
up arrow 1%

Accounts Receivable
up arrow 1%

Microsoft Office
up arrow 1%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 232 votes.

Gender

Female
77 %
Male
23 %

Years of Experience

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

Common Health Benefits

medical benefits Medical: 81% dental benefits Dental: 68%
vision benefits Vision: 53% employee benefits None: 16%
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