Junior Accountant Salary

For Junior Accountants, yearly average wages total $41K annually. Total cash earnings of Junior Accountants range from $30K on the low end to $53K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $4K and $5K, respectively. Location is the biggest factor affecting pay for this group, followed by experience level. Work is enjoyable for Junior Accountants, who typically claim high levels of job satisfaction. A strong majority report receiving medical coverage from their employers and more than half collect dental insurance. The majority of Junior Accountants (67 percent) who took the survey are women. The figures in this rundown are based on the results of PayScale's salary questionnaire.
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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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At the upper end, Junior Accountants who move into an Assistant Controller role can end up with a hefty increase in pay. The average income for Assistant Controllers is a much higher $65K per year. Staff Accountants or Senior Accountants are common next-step roles for Junior Accountants moving up in their careers; annual pay for Staff Accountants is $3K higher on average, and it's $19K higher for Senior Accountants.

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, Tax Preparation, Auditing, and Accounting are correlated to pay that is above average, with boosts between 4 percent and 6 percent. 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.


Junior Accountants do not generally earn higher incomes from more experience in the field. Although individuals who have less than five years' experience earn $40K on average, people with five to 10 years benefit from a notably larger average of $44K. People with 10 to 20 years of experience make an average of about $44K in this role. Ultimately, more time spent in the workforce does seem to translate to bigger paychecks; seasoned veterans with more than 20 years of experience report a median income of $46K.

Pay Difference by Location

National Average: $40,249

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

Home to some of the best pay for Junior Accountants, Rockville offers exceptional salaries, 31 percent above the national average. Junior Accountants can also look forward to large paychecks in cities like 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. Workers in Miami and Chicago earn salaries that trail the national average for those in this profession (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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