Fund Accountant Salary

Fund Accountants in the United States can expect to earn an average of $47K per year. In the world of Fund Accountants, total cash compensation can vary between $36K and $79K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $10K and $7K, respectively. The most important factor affecting compensation for this group is residence, followed by the company and experience level. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to a majority. Most people on this career path report moderate levels of job satisfaction. The majority of Fund Accountants (64 percent) who took the survey are men. The data for this snapshot was collected from individuals who took PayScale's salary survey.

$36,548 - $73,698
(Median)
$37K
$47K
$74K
MEDIAN: $47,168
10%
50%
90%

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$15.24 - $27.39
(Median)
$15
$18
$27
MEDIAN: $18.00
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$27K$54K$81K
Salary
$36,548 - $73,698  
   
Bonus
$0.00 - $10,161  
Profit Sharing
$0.00 - $7,272  
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).
)
$36,254 - $78,784  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 514
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
$15.24 - $27.39  
   
Overtime
$22.18 - $37.31  
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 - $10,161  
   
Profit Sharing
$0.00 - $7,272  
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).
)
$36,254 - $78,784  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 66
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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 $75K per year. Fund Accountants most often move into positions as Financial Analysts or Senior Fund Accountants; those groups report median salaries that are $7K higher and $12K higher, respectively.

Fund Accountant Job Listings

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Popular Employer Salaries for Fund Accountant


The Bank of New York Mellon Corporation (BNY Mellon), State Street Corporation, SS&C Technologies, Inc., State Street Bank, and UMB Fund Services are top-notch employers for Fund Accountants in this area. J.P. Morgan Chase & Co. (JPMCC) leads the field in terms of pay, with a median salary of $53K. UMB Fund Services, The Northern Trust Company, and The Bank of New York Mellon Corporation (BNY Mellon) also offer top salaries for Fund Accountants. Workers at these firms can expect to earn about $48K, $45K, and $42K, respectively.

State Street Bank reports the lowest median salary in the area (it's only $33K) but some workers make up to $60K, indicating a rather large gap in employee earnings. Workers at SS&C Technologies, Inc., State Street Corporation, and The Bank of New York Mellon Corporation (BNY Mellon) also face smaller salaries than the rest of the field — average earnings for these employers come to $41K, $41K, and $42K respectively.

Popular Skills for Fund Accountant


Survey takers who work as Fund Accountants typically report just a few professional skills. Most notably, skills in Financial Reporting, General Ledger Accounting, Financial Analysis, and Microsoft Excel are correlated to pay that is above average, with boosts between 4 percent and 9 percent. At the other end of the pay range are skills like Accounting. Most people familiar with 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.


The average beginner in this position makes around $45K, but folks who have been around for five to 10 years see a markedly higher median salary of $58K. Fund Accountants bring in $56K after working for 10 to 20 years. Old hands who claim more than two decades on the job enjoy average earnings of $54K.

Pay Difference by Location

National Average: $47,738

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

San Francisco offers some of the highest pay in the country for Fund Accountants, 34 percent above the national average. Fund Accountants will also find cushy salaries in Los Angeles (+34 percent), Seattle (+31 percent), New York (+22 percent), and Chicago (+16 percent). Fund Accountants in Sacramento make 24 percent less than the national average, proving that location is a major factor in pay. Two other places where employers offer below-median salaries are Evansville (21 percent less) and Wilmington (20 percent less).

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Experience Affects Fund Accountant Salaries



Late-Career
up arrow 14%

National Average
$48,000


Skills That Affect Fund Accountant Salaries


General Ledger Accounting
up arrow 9%

Financial Analysis
up arrow 4%

National Average
$48,000

Microsoft Excel
up arrow 1%

Accounting
up arrow 4%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 107 votes.

Gender

Female
36 %
Male
64 %

Years of Experience

Less than 1 year
10%
1-4 years
58%
5-9 years
19%
10-19 years
8%
20 years or more
4%

Common Health Benefits

medical benefits
Medical: 84%
dental benefits
Dental: 76%
medical benefits
Vision: 59%
dental benefits
None: 13%
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