$52,073
Avg. Salary
$20.81
Avg. Hourly Rate

Average additional compensation:

$2,971

Bonus

$1,512

Profit Sharing

What am I worth?
How should I pay?

The average pay for a Fund Accountant is $20.81 per hour.

The average pay for a Fund Accountant is $52,073 per year.

10%
$15.29
10%
$20.81
50%
$29.60
90%
90%
MEDIAN $20.81
10%
$39k
10%
$52k
50%
$79k
90%
90%
MEDIAN $52,073
$39,234 - $78,539
$39K
$52K
$79K
MEDIAN: $52,073
10%
50%
90%

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$15.29 - $29.60
$15
$21
$30
MEDIAN: $20.81
10%
50%
90%

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$0$84K
Salary $39,234 - $78,539
Bonus $792 - $14,560
Profit Sharing $0.00 - $7,475
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).
)
$39,033 - $84,099
  • Country: United States
  • Currency: USD
  • Updated: 24 Apr 2019
  • Individuals Reporting: 555
Hourly Data $0$39
Hourly Rate $15.29 - $29.60
Overtime $21.87 - $39.48
Annual Data $0$84K
Bonus $792 - $14,560
Profit Sharing $0.00 - $7,475
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).
)
$39,033 - $84,099
  • Country: United States
  • Currency: USD
  • Updated: 24 Apr 2019
  • Individuals Reporting: 90

Job Description for Fund Accountant

Fund accountants are responsible for keeping detailed financial records for nonprofits and government agencies. First and foremost, they must maintain the integrity of this type of data first and foremost. They must account for how the company is using its funds, which may include producing separate reports to be produced for individual funds. The accountant maintains a chart of accounts to accurately report the expenditures from each ledger. Proper documentation is mandatory for the accountants to determine if the funds are being used in the best possible manner. They also assist these companies in deciding the best way to use available revenue and stay within an appropriate expense budget. They generally serve as the middle man between the investor and the business.

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Popular Employer Salaries for Fund Accountant


Fund Accountants flock to SS&C Technologies, Inc., State Street Bank, The Bank of New York Mellon Corporation (BNY Mellon), State Street Corporation, and The Northern Trust Company, highly regarded companies that employ a generous number of people in this profession. Heading up the field in terms of compensation, J.P. Morgan Chase & Co. (JPMCC) offers the most; Fund Accountants earn $53K on average there. Also paying near the top of the field are UMB Fund Services at $49K, The Northern Trust Company at $45K, and SS&C Technologies, Inc., where Fund Accountants annually earn $43K.

State Street Bank seems to offer the smallest paychecks with a median salary of only $33K. The pay range is quite narrow, too; compensation generally sits between $28K and $60K. State Street Corporation, SEI Investments Company, and The Bank of New York Mellon Corporation (BNY Mellon) also scrape the bottom of the pay scale, with median earnings hovering around $41K, $43K, and $43K.

Common Career Paths for Fund Accountant


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Though not the most common occurrence, Fund Accountants sometimes become Senior Financial Analysts, where the average income is $76K per year. It is quite typical for Fund Accountants to transition into roles as Financial Analysts or Senior Accountants, where reported median earnings are $5K and $10K higher per year.

Fund Accountant Job Listings

Popular Skills for Fund Accountant


Typical Fund Accountants report a focused set of job skills. Most notably, skills in Financial Reporting, Financial Analysis, General Ledger Accounting, and Microsoft Excel are correlated to pay that is above average. Skills that pay less than market rate include Accounting. Most people skilled in Financial Analysis are similarly competent in Financial Reporting and Accounting.

Pay by Experience Level for Fund Accountant

Pay by Experience for a Fund Accountant has a positive trend. An entry-level Fund Accountant with less than 5 years of experience can expect to earn an average total compensation of $47,000 based on 293 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Fund Accountant with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $67,000 based on 57 salaries. An experienced Fund Accountant which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $61,000 based on 32 salaries. A Fund Accountant with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $59,000 based on 9 salaries.

Pay Difference by Location

27%

4%

1%

-13%

-16%

National Average: $51,781

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

For those looking to make money, Fund Accountants in San Francisco enjoy an exceptional pay rate, 45 percent above the national average. Fund Accountants will also find cushy salaries in Los Angeles (+40 percent), New York (+31 percent), Seattle (+16 percent), and Dallas (+8 percent). Location is a huge contributor to overall pay, with Fund Accountants in Evansville earning a whopping 25 percent below the national average. Sacramento and Wilmington are a couple other places where companies are known to pay below the median — salaries are 24 percent lower and 19 percent lower, respectively.

Related Job Salaries

Key Stats for Fund Accountant

Gender

Female
40 %
Male
60 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 103 votes.
Less than 1 year
13%
1-4 years
60%
5-9 years
15%
10-19 years
9%
20 years or more
3%

Experience Affects Fund Accountant Salaries

▲30%

▲19%

▲14%

National Average
$52,000

▼9%

Skills That Affect Fund Accountant Salaries


National Average
$52,000




Accounting
▼12%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 103 votes.

Gender

Female
40 %
Male
60 %

Years of Experience

Less than 1 year
13%
1-4 years
60%
5-9 years
15%
10-19 years
9%
20 years or more
3%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 78%
vision benefits
Vision: 64%
no benefits
None: 10%