Financial Accountant Salary

Average Financial Accountants in the United States make around $53K per year. In the world of Financial Accountants, overall cash allowance can occasionally include more than $10K from bonuses and, in some exceptional cases, $11K from profit sharing, causing incomes to vary widely between $39K and $74K. Geography and tenure each impact pay for this group, with the former having the largest influence. Medical benefits are awarded to a large number, and a fair number earn dental coverage. Men are in the minority of survey respondents, with female Financial Accountants making up 72 percent. The majority of Financial Accountants claim high levels of job satisfaction. The data for this synopsis comes from respondents who took the PayScale salary survey.
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$40,197 - $72,752
$40K
$53K
$73K
MEDIAN: $53,150
10%
50%
90%

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$14.73 - $27.67
$15
$21
$28
MEDIAN: $20.70
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$25K$50K$75K
Salary
$40,197 - $72,752  
   
Bonus
$200.44 - $9,894  
Profit Sharing
$-0.49 - $10,719  
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).
)
$38,615 - $74,388  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 486
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$14$28$42
Hourly Rate
$14.73 - $27.67  
   
Overtime
$23.17 - $41.06  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$28K$56K$84K
Bonus
$200.44 - $9,894  
   
Profit Sharing
$-0.49 - $10,719  
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).
)
$38,615 - $74,388  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 97

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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

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

Common Career Paths for Financial Accountant


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Though some Financial Accountants move into positions like Chief Financial Officer (where the average salary is $123K), this progression is not the norm. Financial Accountants most often move into positions as Senior Accountants or Financial Controllers; those groups report median salaries that are $7K higher and $25K higher, respectively.

Financial Accountant Job Listings

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Popular Skills for Financial Accountant


Survey respondents exploit a significant toolbox of skills in their work. Most notably, skills in Financial Applications, Financial Analysis, Data Analysis, and General Ledger Accounting are correlated to pay that is above average. Skills that are correlated to lower pay, on the other hand, include Accounts Payable, Accounts Receivable, and Microsoft Office. Those educated in Financial Reporting tend to be well versed in Financial Analysis and Microsoft Excel. Most people familiar with Month-End Close also know Microsoft Excel and Financial Analysis.

Pay by Experience Level for Financial Accountant

Pay by Experience for a Financial Accountant has a positive trend. An entry-level Financial Accountant with less than 5 years of experience can expect to earn an average total compensation of $51,000 based on 299 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Financial Accountant with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $56,000 based on 178 salaries. An experienced Financial Accountant which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $56,000 based on 127 salaries. A Financial Accountant with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $55,000 based on 85 salaries.

Pay Difference by Location

National Average: $52,940

Larger city markers indicate a job is popular in that location.

Surpassing the national average by 42 percent, Financial Accountants in San Jose receive some of the highest pay in the country. Financial Accountants will also find cushy salaries in Minneapolis (+26 percent), Philadelphia (+23 percent), Houston (+16 percent), and New York (+14 percent). With compensation 16 percent below the national average, Oklahoma City is not known for hefty paychecks and actually represents the lowest-paying market. Employers pay around 15 percent less in Columbus and 13 percent less in St. Louis, below-median salaries for those in this field.

Related Job Salaries

Key Stats for Financial Accountant

Gender

Female
72 %
Male
28 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 91 votes.
Less than 1 year
5%
1-4 years
39%
5-9 years
22%
10-19 years
17%
20 years or more
16%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Financial Accountant Salaries

▲7%

▲5%

▲3%

National Average
$53,000

▼3%

Skills That Affect Financial Accountant Salaries





Financial Reporting
▼0%

Month-End Close
▼0%

Budget Management
▼0%

National Average
$53,000

Accounting
▼1%




Payroll Administration
▼4%


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 91 votes.

Gender

Female
72 %
Male
28 %

Years of Experience

Less than 1 year
5%
1-4 years
39%
5-9 years
22%
10-19 years
17%
20 years or more
16%

Common Health Benefits

medical benefits
Medical: 82%
dental benefits
Dental: 71%
vision benefits
Vision: 59%
no benefits
None: 16%
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