Junior Accountants in the United States can expect to earn an average 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 $10K, respectively. Geographic location and career length each impact pay for this group, with the former having the largest influence. The majority of Junior Accountants (65 percent) who took the survey are female. Health benefits are not claimed by all — slightly less than a fourth lack any form of coverage — but a fair number have medical insurance, and the larger part have dental, too. Job satisfaction for Junior Accountants is high. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
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$34,220 - $55,430
$34K
$43K
$55K
MEDIAN: $42,568
10%
50%
90%

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$13.04 - $22.75
$13
$18
$23
MEDIAN: $17.00
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$19K$38K$57K
Salary
$34,220 - $55,430  
   
Bonus
$0.00 - $4,866  
Profit Sharing
$-0.49 - $9,696  
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).
)
$30,669 - $54,275  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 691
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$12$24$36
Hourly Rate
$13.04 - $22.75  
   
Hourly Tips
$1.82  
Overtime
$20.74 - $34.72  
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$24K$48K$72K
Bonus
$0.00 - $4,866  
   
Commission
$2,300  
Profit Sharing
$-0.49 - $9,696  
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).
)
$30,669 - $54,275  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 429

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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. The most common next step for a Junior Accountant is to become a Staff Accountant or a Senior Accountant. The former position pays an additional $3K per year on average, and the latter position pays $19K more per year.

Junior Accountant Job Listings

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Popular Skills for Junior Accountant


Junior Accountants seem to wield many skills on the job. Most notably, skills in Accounting, Financial Reporting, Financial Analysis, and General Ledger Accounting are correlated to pay that is above average, with boosts between 6 percent and 13 percent. Those familiar with Accounts Payable also tend to know Microsoft Excel and Financial Reporting.

Pay by Experience Level for Junior Accountant

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


Those in the early stages of their career can expect to make around $40K; however, individuals with five to 10 years of experience bring in $46K on average — a distinctly larger sum. People with 10 to 20 years of experience make an average of about $44K in this role. Seasoned workers who boast more than two decades of relevant experience enjoy a median salary of $47K, which is substantially larger than the medians reported by folks with fewer years on their resumes.

Pay Difference by Location

National Average: $40,928

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

For Junior Accountants, busy Rockville offers a higher-than-average pay rate, 29 percent above the national average. Junior Accountants will also find cushy salaries in San Francisco (+23 percent), Houston (+15 percent), New York (+9 percent), and Washington (+8 percent). The smallest paychecks in the market, 7 percent south of the national average, can be found in Cleveland. Below-median salaries also turn up in Dallas and San Diego (7 percent lower and 3 percent lower, respectively).

Related Job Salaries

Key Stats for Junior Accountant

Gender

Female
65 %
Male
35 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 126 votes.
Less than 1 year
15%
1-4 years
60%
5-9 years
11%
10-19 years
11%
20 years or more
4%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Junior Accountant Salaries




National Average
$41,000


Skills That Affect Junior Accountant Salaries

Accounting
up arrow 13%





Auditing
up arrow 2%

Accounts Payable
0%

Accounts Receivable
0%

Bookkeeping
0%

Microsoft Office
0%

Quickbooks
0%

Tax Preparation
0%

Sales Tax Reports
0%

Payroll Tax Compliance
0%

National Average
$41,000


Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 126 votes.

Gender

Female
65 %
Male
35 %

Years of Experience

Less than 1 year
15%
1-4 years
60%
5-9 years
11%
10-19 years
11%
20 years or more
4%

Common Health Benefits

medical benefits
Medical: 74%
dental benefits
Dental: 63%
vision benefits
Vision: 51%
dental benefits
None: 22%
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