Junior Accountant Salary (United States)

About three-quarters of Junior Accountants are still navigating the early stages of their careers and report less than five years' experience. The workforce as a whole reports a median income in the neighborhood of $39,696 annually. Pay starts at $30,148 and can approach $51,807 per year on the higher side. Overall cash allowance—including $4,059 bonuses and $4,894 profit sharing proceeds—ranges between $31,691 and $51,730. Residency and career length each impact pay for this group, with the former having the largest influence. In this profession, most individuals enjoy medical and dental coverage, and more than half have vision insurance, as well. Most Junior Accountants (69 percent) are women. Most workers in this position report high levels of job satisfaction. The numbers in this rundown were provided by PayScale's salary survey participants.
Junior Accountant Salary (?
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.
)
$31,691 - $51,730
(Median)
32K
40K
46K
52K
MEDIAN: $40,460
10%
50%
75%
90%
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Junior Accountant Salary (?
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.
)
$12.81 - $21.82
(Median)
13
15
17
20
22
MEDIAN: $17.00
10%
25%
50%
75%
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
$31,691 - $51,730  
   
Bonus
$0.00 - $4,059  
Profit Sharing
$-0.50 - $4,894  
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).
)
$30,148 - $51,807  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 615
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
$12.81 - $21.82  
   
Overtime
$17.46 - $32.52  
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 - $4,059  
   
Profit Sharing
$-0.50 - $4,894  
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).
)
$30,148 - $51,807  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 312
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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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There are some Junior Accountants—though it's uncommon—that transition into Accounting Managers, where earnings can rise by $19,267 annually. It is quite typical for Junior Accountants to transition into roles as Staff Accountants or Senior Accountants, where expected earnings are an additional $3,463 or $18,234 per year.

Junior Accountant Job Listings

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Popular Skills for Junior Accountant

Survey takers working as Junior Accountants report using a large range of professional skills. Most notably, skills in Auditing, Financial Analysis, Tax Preparation, and General Ledger Accounting are correlated to pay that is above average, with boosts of 5 percent, 5 percent, 4 percent, and 4 percent, respectively. Skills that pay less than market rate include Payroll Administration. 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.
Junior Accountants with less experience do not necessarily bring home smaller paychecks. In fact, experience in this field tends to have little impact on salary. Starting out, salaries are typically $39K, which grows to $44K after five to 10 years. After 10 to 20 years, salary hovers around $44K. Junior Accountants experience only minor salary growth after working for two decades, bringing in around $47K. Experienced employees who have 10-20 years of experience make up less than 10 of the workforce; inexperienced individuals who have been working for less than one year comprise 15 percent, and senior people with more than 20 years under their belt fill out the remaining less than five. Most of the workforce has between one and nine years of experience.

Pay Difference By Location

San Francisco
up arrow 15%
up arrow 14%
Los Angeles
up arrow 11%
Washington
up arrow 5%
Sacramento
up arrow 5%
Philadelphia
up arrow 4%
up arrow 1%
National Average
$40,000
up arrow 4%
Miami
up arrow 6%
Dallas
up arrow 6%
Virginia Beach
up arrow 6%
Boston
up arrow 8%
Phoenix
up arrow 13%
Larger circles over a city indicate a job is popular in that location.
San Francisco, San Diego, and Los Angeles—each tucked away in California—boast salaries above the national rate for Junior Accountants, making this state top of the list for those looking to make even more money in this profession. Phoenix is home to the smallest salaries in the field, lagging the national average by 13 percent. Below-median salaries also turn up in Boston and Virginia Beach (-8 percent and -6 percent, respectively).

Related Job Salaries

Experience Affects Junior Accountant Salaries

National Average
$40,000

Skills That Affect Junior Accountant Salaries

Auditing
up arrow 5%
Tax Preparation
up arrow 4%
Financial Reporting
up arrow 2%
General Ledger Accounting
up arrow 2%
Microsoft Excel
up arrow 1%
Accounts Receivable
up arrow 1%
Sales Tax Reports
up arrow 1%
National Average
$40,000
Accounts Payable
up arrow 1%
Bookkeeping
up arrow 2%
Quickbooks
up arrow 2%
Microsoft Office
up arrow 2%
Payroll Administration
up arrow 4%

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 161 votes.

Gender

Female
69%
female alumni
 
Male
31%
male alumni

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: 82% dental benefits Dental: 67%
vision benefits Vision: 50% employee benefits None: 15%
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