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
Entry-level Staff Accountants sometimes assume positions such as Auditing Managers. That role pays $84K per year on average. The most common next step for an Entry-level Staff Accountant is to become a Staff Accountant or a Senior Accountant. The former position pays an additional $4K per year on average, and the latter position pays $20K more per year.
Entry-level Staff Accountant Job Listings
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Popular Skills for Entry-level Staff Accountant
Survey respondents exploit a significant toolbox of skills in their work. Most notably, skills in Tax Compliance, General Ledger Accounting, Tax Preparation, and Accounting are correlated to pay that is above average, with boosts between 6 percent and 13 percent. Skills that pay less than market rate include Data Entry. Most people who know Microsoft Excel also know 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 $39K on average. It is reported that median compensation in the five-to-10 year group declines to approximately $36K. People with 10 to 20 years of experience make an average of about $43K in this role. Seasoned veterans with 20 years under their belts enjoy a median income of $41K.