Financial Accountant Salary (United States)

Annual pay for Financial Accountants in the United States typically comes in around $49,809 annually. Compensation starts at $34,392 and can reach $71,111 per year. Cash earnings of Financial Accountants can occasionally include $7,644 each in bonuses and profit sharing proceeds; this strong performance component causes pay grades to stretch from approximately $34,392 to almost $71,111. Location and years of experience each impact pay for this group, with the former having the largest influence. The greater part report receiving medical coverage from their employers and more than half collect dental insurance. Female Financial Accountants are more common than men; more than half (68 percent) of Financial Accountants are women. The majority of workers are highly satisfied with their job. Participants in PayScale's salary questionnaire provided the particulars of this report.
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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While not commonly seen, Financial Accountants who transition into a Chief Financial Officer position may earn an additional $77K per year. When Financial Accountants are ready for the next step in their career, they often become Senior Accountants or Financial Controllers, where they can expect an additional $8,121 or $27K per year.

Financial Accountant Job Listings

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Popular Skills for Financial Accountant

Financial Accountants seem to require a rather large skill set. Skills that pay less than market rate include Accounts Receivable, Accounts Payable, and Microsoft Office. Those familiar with Financial Analysis also tend to know Microsoft Excel and Month-End Close. Those familiar with Financial Reporting tend to be well-versed in Month-End Close and Microsoft Excel.

Pay by Experience Level for Financial Accountant

Median of all compensation (including tips, bonus, and overtime) by years of experience.
At career start, salaries are typically $48K, which grows to $55K after five to 10 years. After 10 to 20 years, compensation comes in at $53K. After 20 years in the field, Financial Accountants see a slip in salary, bringing in an average of $51K. Experienced employees who have 10-20 years of experience make up about one-fifth of the workforce; inexperienced individuals who have been working for less than one year comprise less than five percent, and senior people with more than 20 years under their belt fill out the remaining 15 percent. Between one and nine years is the typical spectrum of experience for those in this line of work—of those who took the survey, more than half land within it.

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.
San Jose offers some of the highest pay in the country for Financial Accountants, 53 percent above the national average. Also paying near the top of the field are New York, Boston, Chicago, and Dallas, where Financial Accountants annually earn 31 percent, 27 percent, 23 percent, and 20 percent more than the national average. Falling short of the national average by 11 percent, the area with the worst salaries is 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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