Junior Accountant Salary

Pay for Junior Accountants in the United States sits in the ballpark of $41K annually. Final cash compensation to Junior Accountants varies from around $30K to approximately $52K; choice pay grades include potential for bonuses and profit sharing as high as $4K and $5K, respectively. Geography is the biggest factor affecting pay for this group, followed by experience level. Medical benefits are awarded to most, and a majority earn dental coverage. Job satisfaction is high and work is enjoyable for most Junior Accountants. Female Junior Accountants are more common than men among those who completed the survey; more than half (67 percent) are women. The data for this snapshot was collected from individuals who took PayScale's salary survey.
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$32,245 - $52,555
(Median)
$32K
$41K
$53K
MEDIAN: $40,854
10%
50%
90%

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$12.85 - $22.06
(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
$32,245 - $52,555  
   
Bonus
$0.00 - $4,251  
Profit Sharing
$244.68 - $5,015  
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).
)
$30,210 - $52,494  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 933
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
$12.85 - $22.06  
   
Overtime
$18.73 - $32.87  
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 - $4,251  
   
Profit Sharing
$244.68 - $5,015  
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).
)
$30,210 - $52,494  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 436
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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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Junior Accountants sometimes assume positions such as Accounting Managers. That role pays $60K per year on average. 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 $18K more 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 Financial Analysis, Auditing, Tax Preparation, and Sales Tax Reports are correlated to pay that is above average, with boosts between 4 percent and 6 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

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


Junior Accountants do not generally earn higher incomes from more experience in the field. The average beginner in this position makes around $39K, but folks who have been around for five to 10 years see a markedly higher median salary of $43K. People with 10 to 20 years of experience make an average of about $44K in this role. After two decades in the workforce, the average Junior Accountant generally earns more than ever; median pay for this group is estimated at $46K.

Pay Difference by Location


San Francisco is home to an above-average pay rate for Junior Accountants, 22 percent higher than the national average. Junior Accountants can also look forward to large paychecks in cities like Washington (+17 percent), Los Angeles (+10 percent), New York (+8 percent), and San Diego (+8 percent). Falling short of the national average by 7 percent, the area with the worst salaries is Atlanta. On the whole, employers pay 3 percent below the median salary for those in this field in Houston and Chicago.

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Experience Affects Junior Accountant Salaries




National Average
$40,000


Skills That Affect Junior Accountant Salaries


Tax Preparation
up arrow 4%

Auditing
up arrow 4%

Sales Tax Reports
up arrow 3%

Financial Reporting
up arrow 2%

Payroll Tax Compliance
up arrow 2%

Microsoft Excel
up arrow 1%

General Ledger Accounting
up arrow 1%

Payroll Administration
up arrow 1%

Accounts Receivable
0%

Bookkeeping
0%

Microsoft Office
0%

National Average
$40,000

Accounts Payable
up arrow 1%

Quickbooks
up arrow 2%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 186 votes.

Gender

Female
67 %
Male
33 %

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%
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