Entry-level Staff Accountant Salary

Entry-level Staff Accountants in the United States are not likely to strike it rich; they only make around $39K annually on average. Overall cash earnings for Entry-level Staff Accountants stretch from $25K on the lower end to $50K near the top, and the heftiest packages can encompass around $4K from bonuses and $5K from profit sharing. Geographic location is the biggest factor affecting pay for this group, followed by years of experience. Women make up a slight majority of Entry-level Staff Accountants (56 percent) survey respondents. The majority of Entry-level Staff Accountants claim high levels of job satisfaction. Although a strong majority have medical coverage and the greater part have dental coverage, somewhere between a fifth and a fourth claim no health benefits at all. Participants in PayScale's salary questionnaire provided the particulars of this report.
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$29,556 - $50,232
(Median)
$30K
$39K
$50K
MEDIAN: $38,675
10%
50%
90%

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$10.09 - $19.59
(Median)
$10
$15
$20
MEDIAN: $14.00
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$17K$34K$51K
Salary
$29,556 - $50,232  
   
Bonus
$0.00 - $4,133  
Profit Sharing
$0.00 - $5,096  
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).
)
$24,973 - $50,028  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 666
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$10$20$30
Hourly Rate
$10.09 - $19.59  
   
Overtime
$14.20 - $29.04  
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$20K$40K$60K
Bonus
$0.00 - $4,133  
   
Profit Sharing
$0.00 - $5,096  
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).
)
$24,973 - $50,028  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 356
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Job Description for Entry-level Staff Accountant

An Entry-level Staff Accountant is responsible for overseeing a company's various financial activities. He or she will work in the accounting department performing data entry, record keeping and journal entry, bank deposits, payment collection, auditing, and other financial duties as needed. A Staff Accountant must have both excellent written and verbal communication skills to ensure that no mistakes are made in calculating the company's financial dealings; working with money is a sensitive task and must be handled with care. For this reason, a high proficiency is mathematics is also extremely important. Though the position is entry level, experience in accounting through a previous job or through schoolwork is desirable. A bachelor's degree or higher in accounting/finance is often required. An Entry-Level Staff Accountant must also be highly motivated and detail-oriented, as well as efficient and hardworking to keep up with various financial deadlines. He or she must have adequate computer skills in order to use the company's preferred accounting software. Depending on the employer, the accountant may also be responsible for answering phone calls and interacting with customers, so good customer service skills are a plus. Though there may be some instances where the accountant will have to lift or move boxes of files, the work is mostly mental. A staff accountant will usually work in an office or cubicle with other members of the accounting department. The hours will typically be normal, daytime business hours, unless the company is open late or on weekends. A reliable mode of transportation is essential, as the staff accountant will almost certainly be working on-site.


Entry-level Staff Accountant Tasks

  • Work with other financial and organizational staff to assure compliance with internal and external accounting practices.
  • Assist with the preparation and development of key financial reports.
  • Prepare financial reports for staff accountants or accounting managers to analyze and use for decision making.

Common Career Paths for Entry-level Staff Accountant


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Though not the most common occurrence, Entry-level Staff Accountants sometimes become Auditing Managers, where the average income is $84K per year. Career advancement for the typical Entry-level Staff Accountant often leads to becoming a Staff Accountant or a Senior Accountant; median salaries in these positions are $7K higher and $23K higher, respectively.

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Popular Skills for Entry-level Staff Accountant


Survey participants wield an impressively varied skill set on the job. Most notably, skills in Auditing, Tax Compliance, Financial Analysis, and Accounting are correlated to pay that is above average, with boosts between 11 percent and 17 percent. Skills that pay less than market rate include Quickbooks and Payroll Administration. Those educated in Microsoft Excel tend to be well versed in Bookkeeping, Accounts Payable, and Financial Reporting.

Related Job Salaries

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Experience Affects Entry-level Staff Accountant Salaries


National Average
$36,000

Experienced
up arrow 1%


Skills That Affect Entry-level Staff Accountant Salaries

Auditing
up arrow 17%

Tax Compliance
up arrow 12%

Financial Analysis
up arrow 11%

Accounting
up arrow 10%

Tax Preparation
up arrow 8%

Financial Reporting
up arrow 6%

Microsoft Office
up arrow 1%

Microsoft Excel
0%

Accounts Payable
0%

Accounts Receivable
0%

National Average
$36,000

Bookkeeping
up arrow 3%

Payroll Administration
up arrow 3%

Quickbooks
up arrow 4%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 131 votes.

Gender

Female
56 %
Male
44 %

Years of Experience

Less than 1 year
38%
1-4 years
51%
5-9 years
7%
10-19 years
4%
20 years or more
1%

Common Health Benefits

medical benefits Medical: 76% dental benefits Dental: 60%
vision benefits Vision: 45% employee benefits None: 22%
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