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 $41K per year. Final cash compensation to Accounting Associates varies from around $28K to approximately $54K; choice pay grades include potential for bonuses and profit sharing as high as $5K and $2K, respectively. This group's pay is mainly influenced by the specific employer, followed by the particular city and experience level. Medical benefits are awarded to a large number, and more than half earn dental coverage. Most workers in this position report high levels of job satisfaction. Female Accounting Associates make up most of the survey respondents at 77 percent. Figures cited in this summary are based on replies to PayScale's salary questionnaire.
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$31,016 - $57,551
(Median)
$31K
$41K
$58K
MEDIAN: $41,273
10%
50%
90%

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$11.99 - $21.44
(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
$31,016 - $57,551  
   
Bonus
$0.00 - $4,754  
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).
)
$27,877 - $53,893  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 749
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 - $21.44  
   
Overtime
$16.31 - $32.11  
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 - $4,754  
   
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).
)
$27,877 - $53,893  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 627
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 $60K per year. Accounting Associates most often move into positions as Staff Accountants or Accountants; those groups report median salaries that are $5K higher and $5K higher, respectively.

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 $22K — less than half of the top paying employer's rate.

Popular Skills for Accounting Associate


Survey results imply that Accounting Associates deploy a deep pool of skills on the job. Most notably, skills in Auditing, Financial Analysis, Tax Preparation, and Data Entry are correlated to pay that is above average, with boosts between 12 percent and 15 percent. 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. Folks with fewer than five years of experience take home $38K on average, and those who have worked for five to 10 years see a bigger median salary of $39K. For Accounting Associates, 10 to 20 years of experience on the job amounts to an average salary of $39K. Accounting Associates who have acquired more than two decades of experience generally do see greater compensation; their average income is approximately $41K.

Pay Difference by Location


Denver offers some of the highest pay in the country for Accounting Associates, 37 percent above the national average. Accounting Associates will also find cushy salaries in New York (+32 percent), Boston (+30 percent), Chicago (+21 percent), and Houston (+11 percent). Trailing the national average by 6 percent, Pittsburgh is the market with the smallest paychecks.

Related Job Salaries

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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%

Financial Reporting
up arrow 4%

Accounting
up arrow 3%

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 224 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
18%
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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