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Financial Accountant Salary

The three top-paying cities for Financial AccountantsNew York — Boston, and Philadelphia) — are all on the East Coast of the United States. Final cash compensation to Financial Accountants varies from around $35K to approximately $72K; choice pay grades include potential for bonuses and profit sharing as high as $8K and $12K, respectively. Geography and experience level each impact pay for this group, with the former having the largest influence. Job satisfaction is reported as high by the vast majority of workers. Medical benefits are awarded to a large number, and a fair number earn dental coverage. The data for this synopsis comes from respondents who took the PayScale salary survey.
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$38,586 - $69,967
(Median)
$39K
$51K
$70K
MEDIAN: $51,311
10%
50%
90%

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$12.31 - $28.23
(Median)
$12
$19
$28
MEDIAN: $18.00
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$24K$48K$72K
Salary
$38,586 - $69,967  
   
Bonus
$0.00 - $7,685  
Profit Sharing
$0.44 - $11,920  
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).
)
$35,345 - $71,786  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 734
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$13$26$39
Hourly Rate
$12.31 - $28.23  
   
Overtime
$19.18 - $38.20  
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$26K$52K$78K
Bonus
$0.00 - $7,685  
   
Profit Sharing
$0.44 - $11,920  
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).
)
$35,345 - $71,786  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 168
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Job Description for Financial Accountant

Financial accountability is pivotal to maintaining a healthy business, and financial accountants conduct a number of functions to ensure this is possible. They manage payroll, taxes, income, spending, and educating their employer on financial information. Work days for financial accountants can be a bit longer than a standard 9-to-5 job, because of strict deadlines on all projects that financial accountants are given. Generally, financial accountants do not need to work directly with employees; if they discover discrepancies with posted reports, they inform management.

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Financial Accountant Tasks

  • Utilize accounting principles to ensure compliance with regulatory reporting requirements.
  • Summarize and prepare financial records and statements for external reporting.
  • Maintain records of assets, liabilities, profit and loss, tax liability, or other financial activities within an organization.

Financial Accountant Job Listings

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Popular Skills for Financial Accountant


Financial Accountants report using a deep pool of skills on the job. Most notably, skills in General Ledger Accounting, Accounting, Payroll Administration, and Budget Management are correlated to pay that is above average, with boosts between 3 percent and 14 percent. Skills that are correlated to lower pay, on the other hand, include Accounts Receivable, Accounts Payable, and Microsoft Office. Most people familiar with Financial Analysis also know Month-End Close.

Pay by Experience Level for Financial Accountant

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Salaries for the relatively untried average out to around $49K, but survey participants with five to 10 years of experience earn a significantly higher median of $55K. The average pay reported by folks with 10 to 20 years of experience is around $54K. Folks with more than two decades of experience actually report lower incomes overall; their average comes out to a mere $53K.

Pay Difference by Location


Financial Accountants in search of above-average pay will head east: In particular, Financial Accountants in New York, Boston, and Philadelphia enjoy higher pay rates than the national average. Columbus ranks last in the field for pay, reporting salaries 20 percent below the national average. Employers in Oklahoma City and Omaha also lean toward paying below-median salaries (13 percent lower and 11 percent lower, respectively).

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Experience Affects Financial Accountant Salaries




National Average
$51,000


Skills That Affect Financial Accountant Salaries

General Ledger Accounting
up arrow 14%

Accounting
up arrow 7%

Budget Management
up arrow 3%

Payroll Administration
up arrow 3%

Financial Analysis
up arrow 2%

Financial Reporting
0%

National Average
$51,000

Month-End Close
up arrow 2%

Data Analysis
up arrow 2%

Microsoft Excel
up arrow 4%

Financial Applications
up arrow 4%




Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 207 votes.

Gender

Female
70 %
Male
30 %

Years of Experience

Less than 1 year
3%
1-4 years
34%
5-9 years
25%
10-19 years
20%
20 years or more
17%

Common Health Benefits

medical benefits Medical: 83% dental benefits Dental: 70%
vision benefits Vision: 55% employee benefits None: 15%
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