Financial Accountant Salary

Average Financial Accountants in the United States make around $51K annually. Cash earnings for Financial Accountants — which occasionally include more than $8K from bonuses and more than $12K from profit sharing — stretch from around $35K to approximately $72K. Geographic location is the biggest factor affecting pay for this group, followed by experience level. Most Financial Accountants survey respondents are women (71 percent). The majority of Financial Accountants claim high levels of job satisfaction. Most enjoy medical while more than half get dental coverage. Vision coverage is also available to a little over a half. Respondents to the PayScale salary survey provided the data for this report.
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$38,169 - $70,276
(Median)
$38K
$51K
$70K
MEDIAN: $51,104
10%
50%
90%

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$12.13 - $28.16
(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$25K$50K$75K
Salary
$38,169 - $70,276  
   
Bonus
$0.00 - $7,542  
Profit Sharing
$468.50 - $12,307  
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).
)
$35,179 - $72,174  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 735
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
$12.13 - $28.16  
   
Overtime
$19.28 - $36.95  
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 - $7,542  
   
Profit Sharing
$468.50 - $12,307  
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).
)
$35,179 - $72,174  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 169

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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 it's uncommon, some Financial Accountants move into roles as Chief Financial Officers, where pay is an average $122K per year. Financial Accountants typically move into roles as Senior Accountants or Financial Controllers, and those positions pay $8K more and $26K more, 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. Most notably, skills in General Ledger Accounting, Accounting, Budget Management, and Financial Analysis are correlated to pay that is above average, with boosts between 3 percent and 10 percent. Skills that are correlated to lower pay, on the other hand, include Accounts Receivable, Accounts Payable, and Microsoft Office. Most people skilled in Financial Analysis are similarly competent in 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 $48K, but survey participants with five to 10 years of experience earn a significantly higher median of $55K. After working for 10 to 20 years, Financial Accountants make a median salary of $53K. Folks who claim more than 20 years of relevant experience actually report a comparatively lower median income of $52K.

Pay Difference by Location


Home to some of the best pay for Financial Accountants, New York offers exceptional salaries, 53 percent above the national average. Financial Accountants can also look forward to large paychecks in cities like San Jose (+48 percent), Detroit (+25 percent), Boston (+24 percent), and Dallas (+18 percent). The lowest-paying market is Oklahoma City, which sits 13 percent below the national average.

Related Job Salaries

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Experience Affects Financial Accountant Salaries




National Average
$51,000


Skills That Affect Financial Accountant Salaries

General Ledger Accounting
up arrow 10%

Accounting
up arrow 5%

Budget Management
up arrow 3%

Financial Analysis
up arrow 1%

Financial Reporting
0%

National Average
$51,000

Month-End Close
up arrow 2%

Data Analysis
up arrow 2%

Microsoft Excel
up arrow 3%

Financial Applications
up arrow 3%




Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 228 votes.

Gender

Female
71 %
Male
29 %

Years of Experience

Less than 1 year
3%
1-4 years
34%
5-9 years
26%
10-19 years
20%
20 years or more
17%

Common Health Benefits

medical benefits Medical: 83% dental benefits Dental: 69%
vision benefits Vision: 54% employee benefits None: 16%