Accounting Associate Salary

Accounting Associates in the United States can expect only a modest salary, with average pay of just $42K per year. With some bonuses approaching $5K and certain profit sharing proceeds approaching $2K, overall incomes of Accounting Associates spread between $28K and $54K depending on individual performance. The most influential factor affecting pay for this group is the specific employer, though the particular city and years of experience have a (lesser) impact as well. A large number enjoy medical while a majority get dental coverage. Vision coverage is also available to a little more than half. Female Accounting Associates make up most of the survey respondents at 77 percent. Work is enjoyable for Accounting Associates, who typically claim high levels of job satisfaction. The data for this synopsis comes from respondents who took the PayScale salary survey.
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$31,189 - $57,721

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$12.00 - $21.54

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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
$31,189 - $57,721  
   
Bonus
$0.00 - $4,770  
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).
)
$27,965 - $54,019  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 755
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
$12.00 - $21.54  
   
Overtime
$16.31 - $32.11  
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 - $4,770  
   
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).
)
$27,965 - $54,019  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 635
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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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As Accounting Associates transition into upper-level roles such as Accounting Manager, they may see a strong upturn in salary. Accounting Managers earn $60K on average per year. The most common next step for an Accounting Associate is to become a Staff Accountant or an Accountant. The former position pays an additional $4K per year on average, and the latter position pays $5K more per year.

Accounting Associate Job Listings

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Popular Employer Salaries for Accounting Associate


Less than half of the top paying employer's rate, Wal-Mart Stores, Inc offers a median salary of just $23K, consistently last on the pay scale ladder by far.

Popular Skills for Accounting Associate


Accounting Associates seem to require a rather large skill set. Most notably, skills in Auditing, Financial Analysis, Tax Preparation, and Financial Reporting are correlated to pay that is above average, with boosts between 11 percent and 15 percent. Most people familiar with 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.


More years of relevant experience do not necessarily translate to higher paychecks. Survey participants with less than five years' experience report a median income of $39K, and earnings aren't much higher for respondents who have five to 10 years under their belts; respondents in the latter group report a median of just $39K. Accounting Associates see a median salary of $40K after reaching one to two decades on the job. Survey participants who have spent more than 20 years on the job report a predictably higher median income of $41K, demonstrating that compensation is roughly commensurate with experience in the end.

Pay Difference by Location


Denver offers some of the highest pay in the country for Accounting Associates, 36 percent above the national average. Accounting Associates will also find cushy salaries in New York (+32 percent), Boston (+29 percent), Chicago (+20 percent), and Houston (+10 percent). Pittsburgh ranks last in the field for pay, reporting salaries 5 percent below the national average.

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 11%


Accounting
up arrow 5%

General Ledger Accounting
up arrow 4%

Data Entry
up arrow 4%

Microsoft Excel
up arrow 2%

Month-End Close
0%

National Average
$39,000

Accounts Payable
up arrow 1%

Quickbooks
up arrow 1%

Payroll Administration
up arrow 1%

Accounts Receivable
up arrow 2%

Microsoft Office
up arrow 2%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 216 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
18%
20 years or more
9%

Common Health Benefits

medical benefits Medical: 81% dental benefits Dental: 67%
vision benefits Vision: 52% employee benefits None: 16%
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