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Financial Accountant Salary (United States)

Financial Accountants in the United States usually make around $50K per year. Total incomes of Financial Accountants incorporate potential for, in a few cases, more than $8K from bonuses and close to $12K from profit sharing; these performance components cause packages to range between $34K and $71K. Residence and career length each impact pay for this group, with the former having the largest influence. A solid majority enjoy medical while more than half get dental coverage. Vision coverage is also available to a little more than half. Women make up the majority of Financial Accountants (68 percent). Most Financial Accountants like their work and job satisfaction is high. This report is based on answers to PayScale's salary questionnaire.
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  
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  
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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Financial Accountants sometimes assume positions such as Chief Financial Officers. That role typically pays $121K per year. The most common next step for a Financial Accountant is to become a Senior Accountant or a Financial Controller. The former position pays an additional $8K per year on average, and the latter position pays $27K more per year.

Financial Accountant Job Listings

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Popular Skills for Financial Accountant

Financial Accountants report using a large range of skills on the job. Most notably, skills in Budget Management, Financial Analysis, Financial Reporting, and General Ledger Accounting are correlated to pay that is above average. Skills that seem to negatively impact pay include Accounts Receivable, Accounts Payable, and Microsoft Office. Most people experienced in 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.
Salaries of relatively inexperienced workers fall in the neighborhood of $48K, but folks who have racked up five to 10 years see a notably higher median of $54K. People with 10 to 20 years of experience make an average of about $52K in this role. For some reason, Financial Accountants with more than two decades of experience report lower paychecks overall; the median sum in this group sits near $51K. A majority of respondents report one to nine years of experience. Experienced employees who have 10-20 years of experience make up one in five of the workforce; inexperienced individuals who have been working for less than one year comprise fewer than one in twenty, and senior people with more than 20 years under their belt fill out the remaining close to a seventh.

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.
Financial Accountants will find that San Jose offers an impressive pay rate, one which exceeds the national average by 53 percent. 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. Those in the field find the lowest salaries in Oklahoma City, 11 percent below the national average.

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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%