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Financial Accountant Salary

Financial Accountants in the United States pull down an average of $51K per year. Total cash earnings of Financial Accountants range from $35K on the low end to $72K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $8K and $12K, respectively. Residence and experience level each impact pay for this group, with the former having the largest influence. Female Financial Accountants make up most of the survey respondents at 70 percent. A large number report receiving medical coverage from their employers and the greater part collect dental insurance. Job satisfaction for Financial Accountants is high. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
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$38,347 - $70,020
(Median)
$38K
$51K
$70K
MEDIAN: $51,225
10%
50%
90%

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$12.25 - $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
$38,347 - $70,020  
   
Bonus
$0.00 - $7,704  
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).
)
$35,176 - $71,927  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 729
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
$12.25 - $28.23  
   
Overtime
$18.95 - $37.12  
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 - $7,704  
   
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).
)
$35,176 - $71,927  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 168

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United States (change)


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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 not the most common occurrence, Financial Accountants sometimes become Chief Financial Officers, where the average income is $122K per year. When Financial Accountants are ready for the next step in their careers, they often become Senior Accountants or Financial Controllers. Those roles pay an additional $8K and $26K, respectively.

Financial Accountant Job Listings

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Popular Skills for Financial Accountant


Survey participants wield an impressively varied skill set on the job. Most notably, skills in General Ledger Accounting, Accounting, Budget Management, and Financial Analysis are correlated to pay that is above average. Skills that pay less than market rate include Accounts Receivable, Accounts Payable, and Microsoft Office. Those proficient in Financial Analysis are, more often than not, also skilled in Month-End Close.

Pay by Experience Level for Financial Accountant

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


Survey participants with less than five years' experience pocket $49K on average, but those with five to 10 years of experience enjoy a much bigger median of $55K. Financial Accountants bring in $54K after working for 10 to 20 years. For some reason, Financial Accountants with more than two decades of experience report lower paychecks overall; the median sum in this group sits near $53K.

Pay Difference by Location


For Financial Accountants, working in the bustling city of New York has its advantages, including an above-average pay rate. Financial Accountants will also find cushy salaries in San Jose (+48 percent), Boston (+24 percent), Philadelphia (+18 percent), and Dallas (+18 percent). Oklahoma City is home to the smallest salaries in the field, lagging the national average by 13 percent. Employers in Omaha and Tulsa also lean toward paying below-median salaries (10 percent lower and 2 percent lower, respectively).

Related Job Salaries

United States (change)

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%

Financial Analysis
up arrow 2%

Budget Management
up arrow 2%

Financial Reporting
0%

National Average
$51,000

Month-End Close
up arrow 2%

Microsoft Excel
up arrow 3%

Data Analysis
up arrow 3%

Financial Applications
up arrow 3%




Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 212 votes.

Gender

Female
70 %
Male
30 %

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: 70%
vision benefits Vision: 54% employee benefits None: 15%
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