Junior Accountant Salary

Median pay for Junior Accountants in the United States lies in the neighborhood of $43K per year. Final cash compensation to Junior Accountants varies from around $31K to approximately $54K; choice pay grades include potential for bonuses and profit sharing as high as $5K and $6K, respectively. Location and career duration each impact pay for this group, with the former having the largest influence. Unfortunately, some people in this line of work are without benefits — somewhere between a fifth and a fourth lack coverage. On the flip side, a fair number have medical insurance and more than half receive dental plans. The majority of Junior Accountants claim high levels of job satisfaction. Women account for the majority of Junior Accountants who responded to the questionnaire — 65 percent to be exact. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
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$34,032 - $55,177
$34K
$43K
$55K
MEDIAN: $42,848
10%
50%
90%

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$13.16 - $24.15
$13
$18
$24
MEDIAN: $17.91
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$19K$38K$57K
Salary
$34,032 - $55,177  
   
Bonus
$0.00 - $4,834  
Profit Sharing
$0.00 - $6,183  
Commission
$2,300  
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).
)
$30,850 - $54,241  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 656
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$13$26$39
Hourly Rate
$13.16 - $24.15  
   
Hourly Tips
$1.82  
Overtime
$21.31 - $36.72  
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$26K$52K$78K
Bonus
$0.00 - $4,834  
   
Commission
$2,300  
Profit Sharing
$0.00 - $6,183  
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).
)
$30,850 - $54,241  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 447

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United States (change)

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Job Description for Junior Accountant

Junior accountants provide a vital service to various companies by accurately recording corporate finances. Typical daily job duties include reconciling company bank accounts, balancing financial records and preparing monthly reports. They generally work with a team of other accountants and report to a senior accountant. The level of confidentiality and discretion required of junior accountants is great because they work with private company information and are given access to secure accounts.

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Junior Accountant Tasks

  • Maintain general ledger and oversee all day to day financial transactions.
  • Assess data to ensure that proper accounting practices have been following.
  • Assist with or conduct fixed asset audits as necessary.
  • Create and maintain payroll budgets, update vendor information, and confirm expense vouchers.
  • Match large batches of invoices and maintain the accuracy of employee timesheets.

Common Career Paths for Junior Accountant


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Junior Accountants who transition into a Financial Controller role may receive large pay increases as the latter position pays an average $77K per year. Typical career progression for a Junior Accountant involves becoming a Staff Accountant or a Senior Accountant, roles that pay $3K more and $19K more on average.

Junior Accountant Job Listings

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Popular Skills for Junior Accountant


Survey respondents exploit a significant toolbox of skills in their work. Most notably, skills in Accounting, Financial Reporting, Financial Analysis, and General Ledger Accounting are correlated to pay that is above average, with boosts between 7 percent and 16 percent. Those proficient in Accounts Payable are, more often than not, also skilled in Microsoft Excel and Financial Reporting.

Pay by Experience Level for Junior Accountant

Pay by Experience for a Junior Accountant has a positive trend. An entry-level Junior Accountant with less than 5 years of experience can expect to earn an average total compensation of $40,000 based on 824 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Junior Accountant with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $46,000 based on 154 salaries. An experienced Junior Accountant which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $45,000 based on 133 salaries. A Junior Accountant with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $48,000 based on 49 salaries.

Pay Difference by Location

National Average: $41,118

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

Rockville offers some of the highest pay in the country for Junior Accountants, 28 percent above the national average. Junior Accountants will also find cushy salaries in San Francisco (+23 percent), Houston (+18 percent), New York (+9 percent), and Irvine (+6 percent). With compensation 8 percent below the national average, Cleveland is not known for hefty paychecks and actually represents the lowest-paying market. Employers also pay below the national average in Chicago and Miami (4 percent lower).

Related Job Salaries

Key Stats for Junior Accountant

Gender

Female
65 %
Male
35 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 144 votes.
Less than 1 year
14%
1-4 years
59%
5-9 years
11%
10-19 years
11%
20 years or more
5%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Junior Accountant Salaries

▲18%

▲11%

▲9%

National Average
$41,000

▼2%

Skills That Affect Junior Accountant Salaries

Accounting
▲16%




Auditing
▲2%



Sales Tax Reports
▼0%

Payroll Tax Compliance
▼0%

National Average
$41,000

Accounts Payable
▼1%


▼1%

Microsoft Office
▼1%


▼2%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 144 votes.

Gender

Female
65 %
Male
35 %

Years of Experience

Less than 1 year
14%
1-4 years
59%
5-9 years
11%
10-19 years
11%
20 years or more
5%

Common Health Benefits

medical benefits
Medical: 73%
dental benefits
Dental: 63%
vision benefits
Vision: 52%
no benefits
None: 23%
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