Entry-level Staff Accountant Salary
Job Description for Entry-level Staff Accountant
An entry-level staff accountant works in the financial industry. Somebody in this type of position will have a variety of different duties that they must perform on a day to day basis. Every company that needs a person in this type of position is different, though they all need somebody to look over their finances and to assist with auditing and taxes. Some companies may require more duties of their entry-level staff accountants, depending on what the company needs.Read More...
An entry-level staff accountant usually will work indoors in an office. They may work closely to with other people in the company, or they may work alone. As far as qualifications go, most companies will want a bachelor's degree, in spite of this being an entry-level position. Other companies want candidates to at least be working towards a bachelor's or a master's degree in taxing or accounting. Some companies are a bit more lax about their requirements, but a degree is almost always preferred. A person may also be required to pass a CPA exam, in order to be qualified. A typical day for a person in this position includes typical 9-5 type hours, though hours may vary from company to company.
Entry-level Staff Accountant Tasks
- Prepare financial reports for staff accountants or accounting managers to analyze and use for decision making.
- Assist with the preparation and development of key financial reports.
- Work with other financial and organizational staff to assure compliance with internal and external accounting practices.
Common Career Paths for Entry-level Staff Accountant
Though not the most common occurrence, Entry-level Staff Accountants sometimes become Auditing Managers, where the average income is $84K per year. Staff Accountants or Senior Accountants are common next-step roles for Entry-level Staff Accountants moving up in their careers; annual pay for Staff Accountants is $4K higher on average, and it's $20K higher for Senior Accountants.
Entry-level Staff Accountant Job Listings
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Popular Skills for Entry-level Staff Accountant
Entry-level Staff Accountants report using a large range of skills on the job. Most notably, skills in Tax Compliance, General Ledger Accounting, Accounting, and Tax Preparation are correlated to pay that is above average, with boosts between 5 percent and 19 percent. Skills that seem to negatively impact pay include Data Entry. It is often found that people who know Microsoft Excel are also skilled in Accounts Payable, Bookkeeping, and Financial Reporting.
Pay by Experience Level for Entry-level Staff Accountant
Median of all compensation (including tips, bonus, and overtime) by years of experience.
People who have worked for fewer than five years bring home $40K on average. It is reported that median compensation in the five-to-10 year group declines to approximately $37K. People with 10 to 20 years of experience make an average of about $44K in this role. Seasoned workers who boast more than two decades of relevant experience enjoy a median salary of $42K, which is substantially larger than the medians reported by folks with fewer years on their resumes.
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