Financial Analyst Accountant Salary
Median pay for Financial Analyst Accountants in the United States lies in the neighborhood of $58K annually. Residence is the biggest factor affecting pay for this group, followed by career length. Most Financial Analyst Accountants report high levels of job satisfaction. Most report receiving medical coverage from their employers and more than half collect dental insurance. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 51 percent. The numbers in this rundown were provided by PayScale's salary survey participants.
|Salary||$42,513 - $79,662|
|Bonus||$0.00 - $11,836|
|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).)
|$41,167 - $84,964|
|Hourly Rate||$15.93 - $41.86|
|Bonus||$0.00 - $11,836|
|Total Pay (||$41,167 - $84,964|
Job Description for Financial Analyst Accountant
Financial analyst accountants are accountants who generally work for only one company - as opposed to public accountants, who serve many clients. An FAA is in charge of financial planning and forecasting economic and market situations for his/her company and its future interests. They typically work with numbers in corporate settings and spend a lot of time indoors and sitting at a desk working with numbers and formulas.Read More...
Financial analysts are typically employed by client companies which work with a large number of their own clients and may have other accountants who are focused on specific accounts; therefore, the FAA must bring all of these accounts together and merge them into company-specific goals, strategies, and information. These accountants also work directly with the organization’s Chief Financial Analyst to create annual forecasts and budgets for the company, as well as develop month-to-month forecasts and budgets. FAAs use this data to analyze results on a monthly basis and often serve as points of contact between the executive team and the accounting branch of the organization.
A bachelor’s degree in accounting, finance, or a related field is generally required for this position. Some employers may prefer applicants who hold certification as CPAs, while others may prefer applicants with prior accounting experience.
Financial Analyst Accountant Tasks
- Maintain records of assets, liabilities, profit and loss, tax liability, or other financial activities within an organization.
- Summarize and prepare financial records and statements for external reporting.
- Utilize accounting principles to ensure compliance with regulatory reporting requirements.
Common Career Paths for Financial Analyst Accountant
While not commonly seen, Financial Analyst Accountants who transition into a Finance Manager position may see a rise in pay. The median salary for Finance Managers is $85K per year. The most common next step for a Financial Analyst Accountant is to become a Senior Financial Analyst or an Accounting Manager. The former position pays an additional $17K per year on average, and the latter position pays $2K more per year.
Popular Skills for Financial Analyst Accountant
Financial Analyst Accountants report using a diverse set of skills on the job. Most notably, skills in Budgeting, Accounting, Microsoft Excel, and Financial Analysis are correlated to pay that is above average. Those listing Accounts Payable as a skill should be prepared for drastically lower pay. For most people, competency in Accounting indicates knowledge of Financial Reporting and Microsoft Excel.
Pay by Experience Level for Financial Analyst Accountant
Pay by Experience for a Financial Analyst Accountant has a positive trend. An entry-level Financial Analyst Accountant with less than 5 years of experience can expect to earn an average total compensation of $56,000 based on 100 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Financial Analyst Accountant with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $59,000 based on 55 salaries. An experienced Financial Analyst Accountant which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $68,000 based on 39 salaries. A Financial Analyst Accountant with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $63,000 based on 19 salaries.
Pay Difference by Location
For Financial Analyst Accountants, working in the bustling city of New York has its advantages, including an above-average pay rate. Financial Analyst Accountants will also find cushy salaries in Chicago (+17 percent) and Houston (+10 percent).
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Key Stats for Financial Analyst Accountant
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