The average pay for a Financial Accountant is $20.19 per hour.
The average pay for a Financial Accountant is $54,623 per year.
Job Description for Financial Accountant
Financial accountability is pivotal to maintaining a healthy business, and financial accountants conduct a number of functions to ensure this is possible. They manage payroll, taxes, income, spending, and educating their employer on financial information. Work days for financial accountants can be a bit longer than a standard 9-to-5 job, because of strict deadlines on all projects that financial accountants are given. Generally, financial accountants do not need to work directly with employees; if they discover discrepancies with posted reports, they inform management.
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Common Career Paths for Financial Accountant
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Though some Financial Accountants move into positions like Chief Financial Officer (where the average salary is $123K), this progression is not the norm. When Financial Accountants are ready for the next step in their careers, they often become Senior Accountants or Financial Controllers. Those roles pay an additional $6K and $24K, respectively.
Financial Accountant Job Listings
Popular Skills for Financial Accountant
Survey takers working as Financial Accountants report using a large range of professional skills. Most notably, skills in Financial Applications, Financial Analysis, Data Analysis, and General Ledger Accounting are correlated to pay that is above average. At the other end of the pay range are skills like Accounts Payable, Accounts Receivable, and Microsoft Office. It is often found that people who know Financial Reporting are also skilled in Financial Analysis and Microsoft Excel. People who know Month-End Close usually also know Microsoft Excel and Financial Analysis.
Pay by Experience Level for Financial Accountant
Pay by Experience for a Financial Accountant has a positive trend. An entry-level Financial Accountant with less than 5 years of experience can expect to earn an average total compensation of $51,000 based on 299 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Financial Accountant with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $56,000 based on 178 salaries. An experienced Financial Accountant which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $56,000 based on 127 salaries. A Financial Accountant with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $55,000 based on 85 salaries.
Pay Difference by Location
Financial Accountants will find that San Jose offers an impressive pay rate, one which exceeds the national average by 40 percent. Financial Accountants can also look forward to large paychecks in cities like Minneapolis (+25 percent), Philadelphia (+21 percent), Houston (+15 percent), and New York (+13 percent). Falling short of the national average by 17 percent, the area with the worst salaries is Oklahoma City. Employers pay around 16 percent less in Columbus and 14 percent less in St. Louis, below-median salaries for those in this field.
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Key Stats for Financial Accountant
Gender
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Female
71 % |
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Male
29 % |
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Job Satisfaction
| Extremely satisfied |
Rated 5 out of 5 based on 168 votes. |
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