Median pay for Fund Accountants in the United States is around $49K per year. Cash earnings for Fund Accountants — which occasionally include more than $12K from bonuses and more than $7K from profit sharing — stretch from around $38K to approximately $81K. The most important factor affecting compensation for this group is geography, followed by the company and tenure. There are more male Fund Accountants than female among those who completed the questionnaire, making up 64 percent. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to the larger part. For the most part, people in this position report moderate levels of job satisfaction. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.

$38,072 - $75,443
$38K
$49K
$75K
MEDIAN: $49,067
10%
50%
90%

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$15.00 - $24.81
$15
$20
$25
MEDIAN: $19.54
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$27K$54K$81K
Salary
$38,072 - $75,443  
   
Bonus
$515 - $12,365  
Profit Sharing
$0.00 - $7,047  
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).
)
$37,712 - $80,782  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 345
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
$15.00 - $24.81  
   
Overtime
$21.40 - $36.57  
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
$515 - $12,365  
   
Profit Sharing
$0.00 - $7,047  
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).
)
$37,712 - $80,782  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 51

Find Out Exactly What You Should Be Paid

United States (change)

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Job Description for Fund Accountant

Fund accountants are responsible for keeping detailed financial records for nonprofits and government agencies. First and foremost, they must maintain the integrity of this type of data first and foremost. They must account for how the company is using its funds, which may include producing separate reports to be produced for individual funds. The accountant maintains a chart of accounts to accurately report the expenditures from each ledger. Proper documentation is mandatory for the accountants to determine if the funds are being used in the best possible manner. They also assist these companies in deciding the best way to use available revenue and stay within an appropriate expense budget. They generally serve as the middle man between the investor and the business.

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Fund Accountant Tasks

  • Utilize accounting principles to differentiate special purpose funds from a general fund.
  • Maintain records of stewardship of financial resources received and expended and other financial activities.
  • Analyze financial data in order to prepare financial reports in compliance with applicable regulations.

Common Career Paths for Fund Accountant


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While not commonly seen, Fund Accountants who transition into a Senior Financial Analyst position may see a rise in pay. The median salary for Senior Financial Analysts is $76K per year. Typical career progression for a Fund Accountant involves becoming a Financial Analyst or a Senior Accountant, roles that pay $6K more and $10K more on average.

Fund Accountant Job Listings

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Popular Employer Salaries for Fund Accountant


Dominating the field, SS&C Technologies, Inc., State Street Bank, The Bank of New York Mellon Corporation (BNY Mellon), State Street Corporation, and The Northern Trust Company are top firms with a reputation for hiring a great number of Fund Accountants. J.P. Morgan Chase & Co. (JPMCC) offers the highest compensation with a median salary of $53K. Other employers shelling out big bucks include UMB Fund Services, The Northern Trust Company, and SEI Investments Company, where Fund Accountants typically earn around $49K, $45K, or $43K, respectively.

Offering a median salary of only $33K, State Street Bank gives out the smallest paychecks. Furthermore, the earnings range of $28K to $60K isn't that wide, either. Other low-paying employers include State Street Corporation at $41K and The Bank of New York Mellon Corporation (BNY Mellon) at $42K, though some Fund Accountants there earn up to $70K.

Popular Skills for Fund Accountant


Fund Accountants who responded to the survey indicated only a few skills that they use on the job. Most notably, skills in Financial Reporting, Financial Analysis, General Ledger Accounting, and Microsoft Excel are correlated to pay that is above average. At the other end of the pay range are skills like Accounting. The majority of those who know Financial Analysis also know Financial Reporting and Accounting.

Pay by Experience Level for Fund Accountant

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Workers in their first five years can expect to earn $47K, but people who have been around for five to 10 years earn a noticeably bigger sum of $65K. For Fund Accountants, 10 to 20 years of experience on the job amounts to an average salary of $64K. Respondents who boast more than two decades on the job don't boast commensurate pay, unfortunately; these veterans see average earnings of only $60K.

Pay Difference by Location

National Average: $49,347

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

For Fund Accountants, working in the bustling city of San Francisco has its advantages, including an above-average pay rate. Fund Accountants will also find cushy salaries in Los Angeles (+42 percent), New York (+35 percent), Seattle (+17 percent), and Chicago (+11 percent). The lowest-paying market is Evansville, which sits 24 percent below the national average, proving that location is a significant contributor to overall pay. Employers in Sacramento and Wilmington also lean toward paying below-median salaries (23 percent lower and 18 percent lower, respectively).

Related Job Salaries

Key Stats for Fund Accountant

Gender

Female
36 %
Male
64 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 65 votes.
060
Less than 1 year
14%
1-4 years
60%
5-9 years
16%
10-19 years
8%
20 years or more
3%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Fund Accountant Salaries



Late-Career
up arrow 22%

National Average
$49,000


Skills That Affect Fund Accountant Salaries




Microsoft Excel
0%

National Average
$49,000

Accounting
up arrow 6%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 65 votes.

Gender

Female
36 %
Male
64 %

Years of Experience

Less than 1 year
14%
1-4 years
60%
5-9 years
16%
10-19 years
8%
20 years or more
3%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 78%
vision benefits
Vision: 59%
dental benefits
None: 9%
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