Junior Accountant Salary (United States)

A little under three-quarters of Junior Accountants report less than five years' experience, making for a field full of relatively fresh workers who earn around $39,696 per year on average. The range in pay spans from $30,148 to $51,807 per year. Residency and career duration each impact pay for this group, with the former having the largest influence. Medical benefits are awarded to a strong majority, and a majority earn dental coverage. There are more female Junior Accountants than male, making up 69 percent of individuals in this profession. The majority of workers are highly satisfied with their job. This synopsis is derived from the responses of individuals who took PayScale's salary survey.
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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Though not the most common occurrence, Junior Accountants who become Accounting Managers earn an extra $19,267 per year. Junior Accountants typically move into roles as Staff Accountants or Senior Accountants, where they can expect an extra $3,463 or $18,234 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 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 are correlated to lower pay, on the other hand, include Payroll Administration. Most people experienced in Accounts Payable also 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.
For many Junior Accountants, experience and pay seem to be weakly connected; experience does not necessarily lead to more money. Starting out, salaries fall in the $39K range but grow to $44K after five to 10 years. Salary comes to $44K after 10 to 20 years. Though minimal, Junior Accountants continue to experience salary development even after two decades, and pay is estimated at $47K. Experienced employees who have 10-20 years of experience make up less than 10 percent 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 percent. Age distribution in this workforce is concentrated between one and nine years of experience; most of respondents fall in this range.

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.
Junior Accountants can earn above-average salaries when they head west to California. Specifically, San Francisco, San Diego, and Los Angeles represent the three top-paying cities for Junior Accountants in the United States. In Phoenix, salaries are 13 percent below the national average and represent the lowest-paying market. Employers pay around -8 percent in Boston and -6 percent in Virginia Beach, below-median salaries for those in this field.

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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