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. Total incomes of Financial Accountants incorporate potential for, in a few cases, more than $7K from bonuses and close to $8K from profit sharing; these performance components cause packages to range between $38K and $72K. Geography and experience level each impact pay for this group, with the former having the largest influence. Work is enjoyable for Financial Accountants, who typically claim high levels of job satisfaction. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. There are more female Financial Accountants who answered the questionnaire than male, making up 68 percent. The data in this summary comes from the PayScale salary survey.
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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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Financial Accountants do not often transition into Chief Financial Officer roles. The role averages $123K per year. Financial Accountants typically move into roles as Senior Accountants or Financial Controllers, and those positions pay $8K more and $26K more, respectively.

Financial Accountant Job Listings

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Popular Skills for Financial Accountant


Survey participants wield an impressively varied skill set on the job. 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. It is often found that people who know Month-End Close are also skilled in Microsoft Excel and Financial Analysis. Those educated in Financial Reporting tend to be well versed 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.


Respondents with less than five years' experience take home $49K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $55K. Financial Accountants see a median salary of $54K after reaching one to two decades on the job. Seasoned workers who boast more than two decades of relevant experience enjoy a median salary of $53K, which is substantially larger than the medians reported by folks with fewer years on their resumes.

Pay Difference by Location

National Average: $51,440

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

Financial Accountants in New York, Philadelphia, and Boston — all eastern cities in the United States — make more than the national average for those in this profession. They also represent the three highest-paid locations for Financial Accountants in this country. The smallest paychecks in the market, 19 percent south of the national average, can be found in Columbus. A couple other locations with smaller-than-average paychecks include Oklahoma City (14 percent lower) and Omaha (12 percent lower).

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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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