Financial Accountants in the United States can expect to earn an average of $53K annually. Cash earnings for Financial Accountants — which occasionally include more than $9K from bonuses and more than $8K from profit sharing — stretch from around $39K to approximately $72K. Geography is the biggest factor affecting pay for this group, followed by tenure. Medical benefits are awarded to most, and a strong majority earn dental coverage. Job satisfaction for Financial Accountants is high. There are more female Financial Accountants who answered the questionnaire than male, making up 69 percent. The numbers in this rundown were provided by PayScale's salary survey participants.
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$40,236 - $71,317
(Median)
$40K
$53K
$71K
MEDIAN: $52,951
10%
50%
90%

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$14.98 - $28.28
(Median)
$15
$22
$28
MEDIAN: $21.00
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$25K$50K$75K
Salary
$40,236 - $71,317  
   
Bonus
$194.58 - $9,293  
Profit Sharing
$0.00 - $7,550  
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).
)
$38,965 - $72,374  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 477
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$15$30$45
Hourly Rate
$14.98 - $28.28  
   
Overtime
$22.30 - $44.70  
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$30K$60K$90K
Bonus
$194.58 - $9,293  
   
Profit Sharing
$0.00 - $7,550  
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).
)
$38,965 - $72,374  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 92
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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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It's not very common for Financial Accountants to move on to become Chief Financial Officers. Average pay for a Chief Financial Officer is $123K annually. 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 $7K per year on average, and the latter position pays $25K more per year.

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Popular Skills for Financial Accountant


Financial Accountants seem to require a rather large skill set. Most notably, skills in Budget Management, Financial Analysis, Accounting, and Data Analysis are correlated to pay that is above average. Skills that seem to negatively impact pay include Accounts Payable, Microsoft Office, and Microsoft Excel. Most people who know Financial Reporting also know Financial Analysis and Microsoft Excel. Most people who know Month-End Close also know 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.


Although individuals who have less than five years' experience earn $51K on average, people with five to 10 years benefit from a notably larger average of $57K. On average, Financial Accountants make $55K following one to two decades on the job. Veterans who have surpassed the 20-year mark may make no more than those who are navigating the mid-career stage.

Pay Difference by Location

National Average: $52,723

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

Surpassing the national average by 42 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 Minneapolis (+26 percent), New York (+24 percent), Philadelphia (+23 percent), and Seattle (+17 percent). Oklahoma City is home to the smallest salaries in the field, lagging the national average by 16 percent. Two other places where employers offer below-median salaries are St. Louis (15 percent less) and Columbus (14 percent less).

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Experience Affects Financial Accountant Salaries




National Average
$53,000


Skills That Affect Financial Accountant Salaries

Financial Analysis
up arrow 2%

Data Analysis
up arrow 2%

Budget Management
up arrow 2%

Accounting
up arrow 2%

General Ledger Accounting
up arrow 1%

Financial Reporting
0%

Month-End Close
0%

Financial Applications
0%

National Average
$53,000

Payroll Administration
up arrow 2%

Microsoft Excel
up arrow 3%

Accounts Payable
up arrow 3%

Accounts Receivable
up arrow 3%

Microsoft Office
up arrow 3%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 81 votes.

Gender

Female
69 %
Male
31 %

Years of Experience

Less than 1 year
4%
1-4 years
39%
5-9 years
23%
10-19 years
19%
20 years or more
15%

Common Health Benefits

medical benefits
Medical: 85%
dental benefits
Dental: 74%
medical benefits
Vision: 62%
dental benefits
None: 13%
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