Accounting Associate Salary

Pay for Accounting Associates in the United States is very modest at just $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 particular firm is the biggest factor affecting pay for this group, followed by geography and experience level. Men are in the minority of survey respondents, with female Accounting Associates making up 77 percent. Most report receiving medical coverage from their employers and the greater part collect dental insurance. Most Accounting Associates like their work and job satisfaction is high. Participants in PayScale's salary questionnaire provided the particulars of this report.
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$31,072 - $57,619
(Median)
$31K
$41K
$58K
MEDIAN: $41,362
10%
50%
90%

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$11.99 - $21.50
(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
$31,072 - $57,619  
   
Bonus
$0.00 - $4,728  
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).
)
$27,912 - $53,906  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 753
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
$11.99 - $21.50  
   
Overtime
$16.29 - $32.16  
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 - $4,728  
   
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).
)
$27,912 - $53,906  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 631
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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At the upper end, Accounting Associates who move into an Accounting Manager role can end up with a hefty increase in pay. The average income for Accounting Managers is a much higher $60K 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


Wal-Mart Stores, Inc reports the lowest median salary in the area by far — it's only $22K, less than half of the top paying company's rate.

Popular Skills for Accounting Associate


Survey participants wield an impressively varied skill set on the job. Most notably, skills in Auditing, Financial Analysis, Tax Preparation, and Financial Reporting are correlated to pay that is above average, with boosts between 12 percent and 15 percent. The majority of those who know Accounts Payable also know 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. People who have worked for fewer than five years bring home $38K on average. Median compensation in the five-to-10 year group, however, is higher at approximately $39K. For Accounting Associates, 10 to 20 years of experience on the job amounts to an average salary of $39K. Old hands boasting more than twenty years of relevant experience report pay that is more or less commensurate with that extensive experience; average earnings for this group come out to approximately $41K.

Pay Difference by Location


For those looking to make money, Accounting Associates in Denver enjoy an exceptional pay rate, 37 percent above the national average. Accounting Associates can also look forward to large paychecks in cities like New York (+32 percent), Boston (+29 percent), Chicago (+18 percent), and Houston (+11 percent). Those in the field find the lowest salaries in Pittsburgh, 5 percent below the national average.

Related Job Salaries

United States (change)

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Experience Affects Accounting Associate Salaries




National Average
$39,000


Skills That Affect Accounting Associate Salaries

Auditing
up arrow 15%


Tax Preparation
up arrow 12%


General Ledger Accounting
up arrow 5%

Data Entry
up arrow 5%

Accounting
up arrow 4%

Microsoft Excel
up arrow 2%

Month-End Close
up arrow 1%

Payroll Administration
0%

National Average
$39,000

Accounts Payable
up arrow 1%

Accounts Receivable
up arrow 1%

Microsoft Office
up arrow 1%

Quickbooks
up arrow 1%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 221 votes.

Gender

Female
77 %
Male
23 %

Years of Experience

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

Common Health Benefits

medical benefits Medical: 81% dental benefits Dental: 67%
vision benefits Vision: 53% employee benefits None: 16%
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