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Financial Accountant Salary

Financial Accountants in the United States can expect to earn an average of $51K annually. Cash earnings for Financial Accountants — which occasionally include more than $7K from bonuses and more than $12K from profit sharing — stretch from around $35K to approximately $72K. Location is the biggest factor affecting pay for this group, followed by career duration. Medical benefits are awarded to most, and the greater part earn dental coverage. The majority of Financial Accountants claim high levels of job satisfaction. This snapshot results from replies to PayScale's salary survey.
$37,614 - $69,715
(Median)
38K
51K
60K
70K
MEDIAN: $50,819
10%
50%
75%
90%

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$11.93 - $28.54
(Median)
12
15
19
23
29
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
$37,614 - $69,715  
   
Bonus
$0.00 - $7,208  
Profit Sharing
$468.50 - $12,307  
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).
)
$34,766 - $71,938  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 761
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 - $28.54  
   
Overtime
$18.55 - $36.14  
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 - $7,208  
   
Commission
$50.00 - $1,800  
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).
)
$34,766 - $71,938  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 183
United States (change)

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 do not often transition into Chief Financial Officer roles. The role averages $121K per year. A common career progression for a Financial Accountant is to become a Senior Accountant or a Financial Controller. Compared to Financial Accountants, the first group earns $8K more on average, and the second group earns $27K more.

Financial Accountant Job Listings

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Popular Skills for Financial Accountant


Financial Accountants report using a deep pool of skills on the job. Most notably, skills in General Ledger Accounting, Financial Analysis, Financial Reporting, and Budget Management are correlated to pay that is above average. Skills that are correlated to lower pay, on the other hand, include Accounts Receivable, Accounts Payable, and Microsoft Office. Most people who know Financial Reporting also know Month-End Close and Microsoft Excel. Most people familiar with Financial Analysis also know Microsoft Excel and Month-End Close.

Pay by Experience Level for Financial Accountant

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


Workers in their first five years can expect to earn $48K, but people who have been around for five to 10 years earn a noticeably bigger sum of $54K. People with 10 to 20 years of experience make an average of about $53K in this role. Survey participants with more than two decades under their belts actually report earning less than people with less experience; the former take home only $52K on average.

Pay Difference by Location


Surpassing the national average by 49 percent, Financial Accountants in San Jose receive some of the highest pay in the country. Financial Accountants can also look forward to large paychecks in cities like New York (+44 percent), Boston (+25 percent), Philadelphia (+24 percent), and Chicago (+22 percent). Oklahoma City ranks last in the field for pay, reporting salaries 12 percent below the national average.

Related Job Salaries

Experience Affects Financial Accountant Salaries




National Average
$50,000


Skills That Affect Financial Accountant Salaries

General Ledger Accounting
up arrow 9%

Financial Reporting
up arrow 1%

Financial Analysis
up arrow 1%

Budget Management
0%

National Average
$50,000

Microsoft Excel
up arrow 2%

Month-End Close
up arrow 2%

Data Analysis
up arrow 3%

Financial Applications
up arrow 3%




Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 262 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
16%

Common Health Benefits

medical benefits Medical: 82% dental benefits Dental: 68%
vision benefits Vision: 52% employee benefits None: 17%