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Fund Accountant Salary

Fund Accountants in the United States take home an average $46K per year. In the world of Fund Accountants, overall income ranges from $35K near the bottom to $75K at the top; this can include more than $10K from bonuses and more than $5K from profit sharing in exceptional cases. The most important factor affecting compensation for this group is geographic location, followed by experience level and the particular employer. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to more than half. Male Fund Accountants who responded to the survey are more common than women; more than half (63 percent) are men. Job satisfaction is considered about average by most people in this profession. This snapshot results from replies to PayScale's salary survey.

$35,353 - $71,448
(Median)
$35K
$46K
$71K
MEDIAN: $45,819
10%
50%
90%

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$14.17 - $26.79
(Median)
$14
$18
$27
MEDIAN: $18.00
10%
50%
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$25K$50K$75K
Salary
$35,353 - $71,448  
   
Bonus
$0.00 - $10,218  
Profit Sharing
$-0.50 - $5,425  
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).
)
$35,016 - $74,688  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 451
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
$14.17 - $26.79  
   
Overtime
$21.65 - $35.95  
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 - $10,218  
   
Profit Sharing
$-0.50 - $5,425  
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).
)
$35,016 - $74,688  
Country: United States | Currency: USD | Updated: 16 May 2015 | 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 Fund Accounting Managers; those groups report median salaries that are $8K higher and $24K higher, respectively.

Fund Accountant Job Listings

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Popular Employer Salaries for Fund Accountant


Many Fund Accountants can be found at State Street Corporation, The Bank of New York Mellon Corporation (BNY Mellon), State Street Bank, SS&C Technologies, Inc., and UMB Fund Services, firms that are at the top of the field. Heading up the field in terms of compensation, UMB Fund Services offers the most; Fund Accountants earn $48K on average there.

State Street Bank offers the lowest compensation; the median salary there averages out to only $33K. The pay range is also narrow, ranging between $28K and $60K.

Popular Skills for Fund Accountant


Fund Accountants report using a diverse set of skills on the job. Most notably, facility with General Ledger Accounting, Financial Reporting, and Financial Analysis are correlated to pay that is significantly above average, leading to increases of 22 percent, 19 percent, and 5 percent, respectively. Skills that are correlated to lower pay, on the other hand, include Accounting. Most people familiar with Financial Analysis also know Accounting and Financial Reporting.

Pay by Experience Level for Fund Accountant

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


The average worker who claims fewer than five years of experience earns around $44K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $56K. Fund Accountants who work for 10 to 20 years in their occupation tend to earn about $55K. Old hands who claim more than two decades on the job enjoy average earnings of $60K.

Related Job Salaries

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Experience Affects Fund Accountant Salaries

Late-Career
up arrow 30%


Experienced
up arrow 19%

National Average
$46,000


Skills That Affect Fund Accountant Salaries

General Ledger Accounting
up arrow 22%

Financial Reporting
up arrow 19%


Microsoft Excel
0%

National Average
$46,000

Accounting
up arrow 3%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 115 votes.

Gender

Female
37 %
Male
63 %

Years of Experience

Less than 1 year
11%
1-4 years
55%
5-9 years
21%
10-19 years
9%
20 years or more
3%

Common Health Benefits

medical benefits Medical: 87% dental benefits Dental: 78%
vision benefits Vision: 61% employee benefits None: 12%
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