Earnings for Financial Accountants in the United States come in at around $53K per year on average. Overall cash earnings for Financial Accountants stretch from $39K on the lower end to $72K near the top, and the heftiest packages can encompass around $8K from bonuses and $7K from profit sharing. Location and career duration each impact pay for this group, with the former having the largest influence. Most Financial Accountants like their work and job satisfaction is high. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. This overview is based on answers to PayScale's salary questionnaire.
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$40,407 - $70,968
$40K
$53K
$71K
MEDIAN: $52,817
10%
50%
90%

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$14.62 - $27.69
$15
$21
$28
MEDIAN: $20
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
$40,407 - $70,968  
   
Bonus
$198.66 - $8,170  
Profit Sharing
$0.21 - $7,397  
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).
)
$39,045 - $72,056  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 490
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$15$30$45
Hourly Rate
$14.62 - $27.69  
   
Overtime
$22.99 - $43.09  
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$30K$60K$90K
Bonus
$198.66 - $8,170  
   
Profit Sharing
$0.21 - $7,397  
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).
)
$39,045 - $72,056  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 90

Find Out Exactly What You Should Be Paid

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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Financial Accountants sometimes assume positions such as Chief Financial Officers. That role pays $123K per year on average. Typical career progression for a Financial Accountant involves becoming a Senior Accountant or a Financial Controller, roles that pay $7K more and $25K more on average.

Financial Accountant Job Listings

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Popular Skills for Financial Accountant


Financial Accountants seem to exploit a large range of skills on the job. Most notably, skills in Financial Analysis, Financial Applications, Accounting, and Budget Management are correlated to pay that is above average. Skills that seem to negatively impact pay include Accounts Payable, Microsoft Office, and Payroll Administration. Most people who know Month-End Close also know Microsoft Excel and Financial Analysis. Most people skilled in Financial Reporting are similarly competent in Financial Analysis and Microsoft Excel.

Pay by Experience Level for Financial Accountant

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


Although individuals who have less than five years' experience earn $52K on average, people with five to 10 years benefit from a notably larger average of $57K. On average, Financial Accountants make $54K following one to two decades on the job. Folks who have racked up more than 20 years in the field report incomes that aren't higher than less experienced individuals' earnings.

Pay Difference by Location

National Average: $52,773

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

San Jose is home to an above-average pay rate for Financial Accountants, 42 percent higher than the national average. Financial Accountants will also find cushy salaries in Minneapolis (+27 percent), Philadelphia (+23 percent), Houston (+18 percent), and New York (+17 percent). In Oklahoma City, salaries are 16 percent below the national average and represent the lowest-paying market. Below-median salaries also turn up in Columbus and St. Louis (14 percent lower and 13 percent lower, respectively).

Related Job Salaries

Key Stats for Financial Accountant

Gender

Female
70 %
Male
30 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 88 votes.
Less than 1 year
4%
1-4 years
38%
5-9 years
23%
10-19 years
19%
20 years or more
15%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Financial Accountant Salaries




National Average
$53,000


Skills That Affect Financial Accountant Salaries



Accounting
up arrow 2%




Financial Reporting
0%

Month-End Close
0%

National Average
$53,000





Payroll Administration
up arrow 4%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 88 votes.

Gender

Female
70 %
Male
30 %

Years of Experience

Less than 1 year
4%
1-4 years
38%
5-9 years
23%
10-19 years
19%
20 years or more
15%

Common Health Benefits

medical benefits
Medical: 83%
dental benefits
Dental: 70%
vision benefits
Vision: 60%
dental benefits
None: 15%
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