Junior Accountant Salary

The average Junior Accountant in the United States can expect to rake in roughly $41K per year. In the world of Junior Accountants, overall cash allowance can occasionally include more than $4K from bonuses and, in some exceptional cases, $5K from profit sharing, causing incomes to vary widely between $30K and $53K. Residence and experience level each impact pay for this group, with the former having the largest influence. Most workers in this position report high levels of job satisfaction. The majority of Junior Accountants (67 percent) who took the survey are women. Medical benefits are awarded to a fair number, and the greater part earn dental coverage. The data for this synopsis comes from respondents who took the PayScale salary survey.
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$32,991 - $53,529
(Median)
$33K
$41K
$54K
MEDIAN: $41,191
10%
50%
90%

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$12.97 - $21.96
(Median)
$13
$17
$22
MEDIAN: $17.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$18K$36K$54K
Salary
$32,991 - $53,529  
   
Bonus
$0.00 - $4,159  
Profit Sharing
$42.28 - $5,311  
Commission
$1,750  
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).
)
$30,393 - $52,853  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 1,084
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$11$22$33
Hourly Rate
$12.97 - $21.96  
   
Overtime
$19.73 - $32.82  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$22K$44K$66K
Bonus
$0.00 - $4,159  
   
Commission
$1,750  
Profit Sharing
$42.28 - $5,311  
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).
)
$30,393 - $52,853  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 551
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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 go on to become Assistant Controllers may see their salaries climb quite a bit. Median pay for Assistant Controllers is $65K annually. Junior Accountants typically move into roles as Staff Accountants or Senior Accountants, and those positions pay $3K more and $19K more, respectively.

Junior Accountant Job Listings

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Popular Skills for Junior Accountant


Junior Accountants report using a deep pool of skills on the job. Most notably, skills in Financial Analysis, Tax Preparation, Auditing, and Accounting are correlated to pay that is above average, with boosts between 4 percent and 6 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.


For Junior Accountants, more experience in the field does not usually mean bigger paychecks. Survey participants with less than five years' experience pocket $40K on average, but those with five to 10 years of experience enjoy a much bigger median of $44K. On average, Junior Accountants make $44K following one to two decades on the job. 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

National Average: $40,249

Larger city markers indicate a job is popular in that location.

For Junior Accountants, working in the bustling city of Rockville has its advantages, including an above-average pay rate. Junior Accountants will also find cushy salaries in San Francisco (+23 percent), Washington (+17 percent), Baltimore (+9 percent), and New York (+8 percent). Falling short of the national average by 6 percent, the area with the worst salaries is Seattle. Employers in Miami and Chicago also lean toward paying below-median salaries (3 percent less).

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Experience Affects Junior Accountant Salaries




National Average
$40,000


Skills That Affect Junior Accountant Salaries


Tax Preparation
up arrow 5%

Auditing
up arrow 4%

Accounting
up arrow 3%

Financial Reporting
up arrow 2%

General Ledger Accounting
up arrow 2%

Payroll Administration
up arrow 2%

Sales Tax Reports
up arrow 2%

Payroll Tax Compliance
up arrow 2%

Microsoft Excel
up arrow 1%

Microsoft Office
up arrow 1%

Accounts Receivable
0%

National Average
$40,000

Accounts Payable
up arrow 1%

Bookkeeping
up arrow 1%

Quickbooks
up arrow 1%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 202 votes.

Gender

Female
67 %
Male
33 %

Years of Experience

Less than 1 year
16%
1-4 years
57%
5-9 years
14%
10-19 years
9%
20 years or more
3%

Common Health Benefits

medical benefits
Medical: 79%
dental benefits
Dental: 65%
medical benefits
Vision: 52%
dental benefits
None: 18%
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