Accounting Associate Salary

It's impossible to make it big as a Accounting Associates in the United States; the average employee scrapes together only around $42K per year. Cash earnings for Accounting Associates — including $5K in bonuses and $3K in profit sharing proceeds near the top of the pay scale — generally stretch from $28K to $55K depending on individual performance. The most influential factor affecting pay for this group is the company, though the particular city and tenure have a (lesser) impact as well. A large number report receiving medical coverage from their employers and more than half collect dental insurance. Most Accounting Associates survey respondents are women (77 percent). The majority of Accounting Associates claim high levels of job satisfaction. 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
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. When Accounting Associates are ready for the next step in their careers, they often become Staff Accountants or Accountants. Those roles pay an additional $4K and $5K, respectively.

Accounting Associate Job Listings

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Popular Employer Salaries for Accounting Associate


Wal-Mart Stores, Inc offers the lowest pay in the industry by far, with a median salary less than half of the top paying employer's rate ($23K).

Popular Skills for Accounting Associate


Survey takers working as Accounting Associates report using a large range of professional skills. 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. Most people experienced in 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.


For many Accounting Associates, extensive experience does not lead to significantly more money. Relatively untried employees who have fewer than five years of experience earn around $39K on average. People who have worked for five to 10 years can expect a higher median salary of $40K. On average, Accounting Associates make $40K following one to two decades on the job. People who have worked for more than 20 years report a median income of $41K, which is barely higher than the median for folks with 10 to 20 years of experience.

Pay Difference by Location

National Average: $39,439

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

For Accounting Associates, Boston provides a pay rate that is 31 percent greater than the national average. Accounting Associates will also find cushy salaries in New York (+27 percent), Chicago (+27 percent), Denver (+26 percent), and Houston (+11 percent). Those in the field find the lowest salaries in St. Louis, 15 percent below the national average. San Diego and Pittsburgh are a couple other places where companies are known to pay below the median — salaries are 5 percent lower and 3 percent lower, respectively.

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


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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