Junior Accountant Salary

Junior Accountants in the United States can expect wages of $41K annually on average. Total cash earnings of Junior Accountants range from $30K on the low end to $52K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $4K and $5K, respectively. Geography is the biggest factor affecting pay for this group, followed by career length. Medical benefits are awarded to most, and a majority earn dental coverage. Women account for the majority of Junior Accountants who responded to the questionnaire — 67 percent to be exact. Job satisfaction is reported as high by the vast majority of workers. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
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$32,250 - $52,547
(Median)
$32K
$41K
$53K
MEDIAN: $40,835
10%
50%
90%

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$12.84 - $22.01
(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
$32,250 - $52,547  
   
Bonus
$0.00 - $4,188  
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).
)
$30,183 - $52,453  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 944
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
$12.84 - $22.01  
   
Overtime
$18.76 - $32.85  
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 - $4,188  
   
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).
)
$30,183 - $52,453  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 443
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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 who advance into the role of an Accounting Manager are fairly uncommon. Accounting Managers on average earn $60K per year. A common career progression for a Junior Accountant is to become a Staff Accountant or a Senior Accountant. Compared to Junior Accountants, the first group earns $3K more on average, and the second group earns $18K more.

Junior Accountant Job Listings

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Popular Skills for Junior Accountant


Survey results imply that Junior Accountants deploy a substantial tool kit of skills at work. Most notably, skills in Financial Analysis, Auditing, Tax Preparation, and Sales Tax Reports are correlated to pay that is above average, with boosts in pay of 5 percent. It is often found that people who know Accounts Payable are 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.


Experience does not seem to be a strong driver of pay increase in this role. Salaries for the relatively untried average out to around $39K, but survey participants with five to 10 years of experience earn a significantly higher median of $43K. Junior Accountants see a median salary of $44K after reaching one to two decades on the job. 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


With a pay rate for Junior Accountants that is 22 percent greater than the national average, San Francisco offers a comfortable salary for those in this profession. 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). Trailing the national average by 7 percent, Atlanta is the market with the smallest paychecks. Two other places where employers salaries are below the median are Houston and Chicago (3 percent lower).

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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%

Accounts Receivable
0%

Bookkeeping
0%

Microsoft Office
0%

Payroll Administration
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 188 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: 17%
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