Financial Accountant Salary (United States)

Financial Accountants in the United States ordinarily take home approximately $49,809 annually. The pay spectrum stretches from $34,392 to $71,111 per year. Including potential for bonuses and profit sharing—up to $7,644 for each—overall income ranges bottoms out near $37,016 and hits $68,697 on the high end. Geographic location is the biggest factor affecting pay for this group, followed by experience level. Benefits are common in this line of work, with most reporting medical and dental coverage and more than half collecting vision insurance. Female Financial Accountants are more common than men; more than half (68 percent) of Financial Accountants are women. Job satisfaction for Financial Accountants is high. This snapshot results from replies to PayScale's salary survey.
Financial Accountant Salary (?
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.
)
$37,016 - $68,697
(Median)
37K
50K
59K
69K
MEDIAN: $50,196
10%
50%
75%
90%
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Financial Accountant Salary (?
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.
)
$11.93 - $27.42
(Median)
12
15
19
22
27
MEDIAN: $18.00
10%
25%
50%
75%
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
$37,016 - $68,697  
   
Bonus
$0.00 - $7,644  
Profit Sharing
$600 - $12,000  
Commission
$50.00 - $1,800  
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).
)
$34,392 - $71,111  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 824
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
$11.93 - $27.42  
   
Overtime
$18.38 - $36.46  
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 - $7,644  
   
Commission
$50.00 - $1,800  
Profit Sharing
$600 - $12,000  
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).
)
$34,392 - $71,111  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 187
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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.

Common Career Paths for Financial Accountant

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Though some Financial Accountants move into positions like Chief Financial Officer (where salaries climb a respectable $77K), this progression is not the norm. Senior Accountants or Financial Controllers are common next-step roles for Financial Accountants moving up in the field, where annual pay increases by $8,121 or $27K, respectively.

Financial Accountant Job Listings

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Popular Skills for Financial Accountant

Survey takers working as Financial Accountants report using a large range of professional skills. Skills that seem to negatively impact pay include Accounts Receivable, Accounts Payable, and Microsoft Office. Those proficient in Financial Reporting are, more often than not, also skilled in Month-End Close and Microsoft Excel. The majority of those who know Financial Analysis also know Microsoft Excel and Month-End Close.

Pay by Experience Level for Financial Accountant

Median of all compensation (including tips, bonus, and overtime) by years of experience.
Workers new to the field can expect to earn $48K, increasing to $55K after five to 10 years. Between 10 and 20 years, pay reaches $53K. Financial Accountants' pay declines to $51K, on average, after racking up two decades of experience. Experienced employees who have 10-20 years of experience make up 20 percent of the workforce; inexperienced individuals who have been working for less than one year comprise less than five, and senior people with more than 20 years under their belt fill out the remaining 15 percent. More than half of respondents report one to nine years of experience.

Pay Difference By Location

San Jose
up arrow 53%
New York
up arrow 31%
Boston
up arrow 27%
Chicago
up arrow 23%
Dallas
up arrow 20%
Houston
up arrow 8%
Portland
up arrow 8%
St. Louis
up arrow 7%
Atlanta
up arrow 4%
Minneapolis
up arrow 2%
Seattle
up arrow 1%
Tulsa
0%
National Average
$50,000
Oklahoma City
up arrow 11%
Larger circles over a city indicate a job is popular in that location.
Financial Accountants will find that San Jose offers an impressive pay rate, one which exceeds the national average by 53 percent. Other urban areas shelling out big bucks include New York, Boston, Chicago, and Dallas, where Financial Accountants typically earn around 31 percent, 27 percent, 23 percent, and 20 percent more than usual. The smallest paychecks in the market, 11 percent south of the national average, can be found in Oklahoma City.

Related Job Salaries

Experience Affects Financial Accountant Salaries

National Average
$50,000

Skills That Affect Financial Accountant Salaries

Budget Management
up arrow 2%
Financial Reporting
up arrow 1%
Financial Analysis
up arrow 1%
General Ledger Accounting
up arrow 1%
National Average
$50,000
Microsoft Excel
up arrow 2%
Month-End Close
up arrow 2%
Financial Applications
up arrow 2%
Data Analysis
up arrow 3%
Microsoft Office
up arrow 6%

Job Satisfaction

Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 313 votes.

Gender

Female
68%
female alumni
 
Male
32%
male alumni

Years of Experience

Less than 1 year
3%
1-4 years
35%
5-9 years
27%
10-19 years
20%
20 years or more
15%

Common Health Benefits

medical benefits Medical: 82% dental benefits Dental: 67%
vision benefits Vision: 52% employee benefits None: 17%
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