Financial Accountant Salary

Home to the top three paying cities for Financial Accountants in the United States (New York, Philadelphia, and Boston), the East Coast dominates the job market. With some bonuses approaching $7K and certain profit sharing proceeds approaching $8K, overall incomes of Financial Accountants spread between $38K and $72K depending on individual performance. Geography and tenure each impact pay for this group, with the former having the largest influence. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to a majority. Most Financial Accountants report high levels of job satisfaction. The majority of Financial Accountants (68 percent) who took the survey are women. This report is based on answers to PayScale's salary questionnaire.
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$39,492 - $70,500
(Median)
$39K
$52K
$71K
MEDIAN: $51,709
10%
50%
90%

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$14.11 - $27.13
(Median)
$14
$20
$27
MEDIAN: $19.00
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$24K$48K$72K
Salary
$39,492 - $70,500  
   
Bonus
$0.00 - $7,028  
Profit Sharing
$0.34 - $8,170  
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).
)
$37,527 - $71,854  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 742
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
$14.11 - $27.13  
   
Overtime
$20.45 - $40.61  
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
$0.00 - $7,028  
   
Profit Sharing
$0.34 - $8,170  
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).
)
$37,527 - $71,854  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 152
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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 Financial Accountants do not often become Chief Financial Officers, the job pays $123K per year on average. 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 takers working as Financial Accountants report using a large range of professional skills. Most notably, skills in Payroll Administration, General Ledger Accounting, Accounting, and Budget Management are correlated to pay that is above average, with boosts between 6 percent and 10 percent. Skills that are correlated to lower pay, on the other hand, include Accounts Payable, Accounts Receivable, and Microsoft Office. Most people experienced in Financial Reporting also know Financial Analysis and Microsoft Excel. It is often found that people who know Month-End Close are also skilled in Microsoft Excel and Financial Analysis.

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 $49K, but people who have been around for five to 10 years earn a noticeably bigger sum of $55K. For Financial Accountants, 10 to 20 years of experience on the job amounts to an average salary of $54K. Big financial gains seem to result from working for more than two decades; veterans in this group report earning $53K on average.

Pay Difference by Location

National Average: $51,440

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

Financial Accountants in search of above-average pay will head east: In particular, Financial Accountants in New York, Philadelphia, and Boston enjoy higher pay rates than the national average. The smallest paychecks in the market, 19 percent south of the national average, can be found in Columbus. Not at the bottom but still paying below the median are employers in Oklahoma City and Omaha (14 percent lower and 12 percent lower, respectively).

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Experience Affects Financial Accountant Salaries




National Average
$51,000


Skills That Affect Financial Accountant Salaries

Payroll Administration
up arrow 10%


Accounting
up arrow 6%


Financial Analysis
up arrow 1%

National Average
$51,000

Financial Reporting
up arrow 1%

Month-End Close
up arrow 2%

Data Analysis
up arrow 2%

Financial Applications
up arrow 3%

Microsoft Excel
up arrow 4%




Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 151 votes.

Gender

Female
68 %
Male
32 %

Years of Experience

Less than 1 year
4%
1-4 years
35%
5-9 years
26%
10-19 years
20%
20 years or more
15%

Common Health Benefits

medical benefits
Medical: 84%
dental benefits
Dental: 73%
medical benefits
Vision: 59%
dental benefits
None: 13%
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