Junior Accountant Salary

Median pay for Junior Accountants in the United States lies in the neighborhood of $41K per year. Cash earnings for Junior Accountants — which occasionally include more than $4K from bonuses and more than $4K from profit sharing — stretch from around $30K to approximately $52K. Geographic location and years of experience each impact pay for this group, with the former having the largest influence. The majority of workers are highly satisfied with their job. A large number enjoy medical while the larger part get dental coverage. Vision coverage is also available to approximately one-half. Female Junior Accountants survey participants are more prevalent than men — 68 percent of professionals. The figures in this rundown are based on the results of PayScale's salary questionnaire.
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$32,224 - $52,300
(Median)
$32K
$41K
$52K
MEDIAN: $40,807
10%
50%
90%

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$12.94 - $21.81
(Median)
$13
$17
$22
MEDIAN: $17.00
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$18K$36K$54K
Salary
$32,224 - $52,300  
   
Bonus
$0.00 - $4,379  
Profit Sharing
$243.61 - $4,055  
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).
)
$30,258 - $52,241  
Country: United States | Currency: USD | Updated: 1 Apr 2015 | Individuals Reporting: 842
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$11$22$33
Hourly Rate
$12.94 - $21.81  
   
Overtime
$17.00 - $32.30  
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$22K$44K$66K
Bonus
$0.00 - $4,379  
   
Profit Sharing
$243.61 - $4,055  
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).
)
$30,258 - $52,241  
Country: United States | Currency: USD | Updated: 1 Apr 2015 | Individuals Reporting: 400

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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

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

Common Career Paths for Junior Accountant


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Though not the most common occurrence, Junior Accountants sometimes become Accounting Managers, where the average income is $59K per year. It is quite typical for Junior Accountants to transition into roles as Staff Accountants or Senior Accountants, where reported median earnings are $3K and $18K higher per year.

Junior Accountant Job Listings

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Popular Skills for Junior Accountant


Junior Accountants seem to exploit a large range of skills on the job. Most notably, skills in Tax Preparation, Auditing, Financial Analysis, and Payroll Tax Compliance are correlated to pay that is above average, with boosts in pay of 5 percent. Those educated in Accounts Payable tend to be well versed in 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.


For Junior Accountants, experience does not seem to be a major factor in determining pay. Although individuals who have less than five years' experience earn $39K on average, people with five to 10 years benefit from a notably larger average of $43K. People with 10 to 20 years of experience make an average of about $44K in this role. Survey participants who have spent more than 20 years on the job report a predictably higher median income of $46K, demonstrating that compensation is roughly commensurate with experience in the end.

Pay Difference by Location


For Junior Accountants, busy Washington offers a higher-than-average pay rate, 20 percent above the national average. Junior Accountants will also find cushy salaries in San Francisco (+17 percent), San Diego (+11 percent), Los Angeles (+10 percent), and New York (+8 percent). Boston is home to the smallest salaries in the field, lagging the national average by 6 percent. Workers in Atlanta and Pittsburgh earn salaries that trail the national average for those in this profession (6 percent less).

Related Job Salaries

United States (change)

Experience Affects Junior Accountant Salaries




National Average
$40,000


Skills That Affect Junior Accountant Salaries

Tax Preparation
up arrow 5%

Financial Analysis
up arrow 4%

Auditing
up arrow 4%

Payroll Tax Compliance
up arrow 3%

Microsoft Excel
up arrow 1%

Financial Reporting
up arrow 1%

General Ledger Accounting
up arrow 1%

Payroll Administration
up arrow 1%

Accounts Receivable
0%

Microsoft Office
0%

Sales Tax Reports
0%

National Average
$40,000

Accounts Payable
up arrow 1%

Bookkeeping
up arrow 2%

Quickbooks
up arrow 2%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 193 votes.

Gender

Female
68 %
Male
32 %

Years of Experience

Less than 1 year
15%
1-4 years
57%
5-9 years
16%
10-19 years
9%
20 years or more
3%

Common Health Benefits

medical benefits Medical: 81% dental benefits Dental: 67%
vision benefits Vision: 51% employee benefits None: 16%