Junior Accountant Salary

Earnings for Junior Accountants in the United States come in at around $43K per year on average. Overall cash earnings for Junior Accountants stretch from $31K on the lower end to $54K near the top, and the heftiest packages can encompass around $4K from bonuses and $6K from profit sharing. 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. Just under one in four of professionals in this line of work do not receive benefits; however, a fair number report medical coverage and the greater part claim dental coverage as well. Women account for the majority of Junior Accountants who responded to the questionnaire — 66 percent to be exact. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
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$33,983 - $55,584
$34K
$44K
$56K
MEDIAN: $43,666
10%
50%
90%

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$13.81 - $24.35
$14
$18
$24
MEDIAN: $18.09
10%
50%
90%

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$0$55K
Salary $33,983 - $55,584
Bonus $0.00 - $4,103
Profit Sharing $0.00 - $6,183
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).
)
$31,160 - $54,429
  • Country: United States
  • Currency: USD
  • Updated: 15 Oct 2017
  • Individuals Reporting: 605
Hourly Data $0$36
Hourly Rate $13.81 - $24.35
Hourly Tips $0.98
Overtime $21.05 - $36.49
Annual Data $0$54K
Bonus $0.00 - $4,103
Profit Sharing $0.00 - $6,183
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).
)
$31,160 - $54,429
  • Country: United States
  • Currency: USD
  • Updated: 15 Oct 2017
  • Individuals Reporting: 438

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

  • Maintain general ledger and oversee all day to day financial transactions.
  • Assess data to ensure that proper accounting practices have been following.
  • Assist with or conduct fixed asset audits as necessary.
  • Create and maintain payroll budgets, update vendor information, and confirm expense vouchers.
  • Match large batches of invoices and maintain the accuracy of employee timesheets.

Common Career Paths for Junior Accountant


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At the upper end, Junior Accountants who move into a Financial Controller role can end up with a hefty increase in pay. The average income for Financial Controllers is a much higher $77K per year. Junior Accountants moving up in their careers tend to step into positions as Staff Accountants or Senior Accountants. The median paychecks in those roles are $3K higher and $19K higher, respectively.

Junior Accountant Job Listings

Popular Skills for Junior Accountant


Survey respondents exploit a significant toolbox of skills in their work. Most notably, skills in Accounting, Financial Reporting, Financial Analysis, and General Ledger Accounting are correlated to pay that is above average, with boosts between 6 percent and 16 percent. Those proficient in Accounts Payable are, more often than not, also skilled in Microsoft Excel and Financial Reporting.

Pay by Experience Level for Junior Accountant

Pay by Experience for a Junior Accountant has a positive trend. An entry-level Junior Accountant with less than 5 years of experience can expect to earn an average total compensation of $40,000 based on 824 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Junior Accountant with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $46,000 based on 154 salaries. An experienced Junior Accountant which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $45,000 based on 133 salaries. A Junior Accountant with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $48,000 based on 49 salaries.

Pay Difference by Location

National Average: $41,561

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

For Junior Accountants, Rockville provides a pay rate that is 28 percent greater than the national average. Junior Accountants will also find cushy salaries in San Francisco (+23 percent), Houston (+18 percent), New York (+8 percent), and Irvine (+6 percent). The smallest paychecks in the market, 8 percent south of the national average, can be found in Cleveland. Two other places where employers offer below-median salaries are Chicago (5 percent less) and Miami (4 percent less).

Junior Accountant Reviews

Q: What is it like working as a Junior Accountant?

Junior Accountant in Dallas:
"Corporate culture."
Pros: I like the people. I like my bosses. I like the discounts I get.
Cons: There is nothing I really don't like.

Junior Accountant in Largo:
Pros: Corporate Culture. Education/Training.
Cons: Stress Level. Management.

Junior Accountant in Moon:
"GREAT WORK ENVIRONMENT."
Pros: I like the people I work with and the atmosphere of the office. Very laid back and as long as your work is done and done correctly in a timely fashion no one bothers you.
Cons: The pay.

Related Job Salaries

Key Stats for Junior Accountant

Gender

Female
65 %
Male
35 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 160 votes.
Less than 1 year
14%
1-4 years
60%
5-9 years
10%
10-19 years
11%
20 years or more
4%

Experience Affects Junior Accountant Salaries

▲17%

▲10%

▲8%

National Average
$42,000

▼3%

Skills That Affect Junior Accountant Salaries

Accounting
▲15%




Auditing
▲1%


National Average
$42,000


Sales Tax Reports
▼1%

Payroll Tax Compliance
▼1%

Accounts Payable
▼2%


▼2%

Microsoft Office
▼2%


▼3%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 160 votes.

Gender

Female
65 %
Male
35 %

Years of Experience

Less than 1 year
14%
1-4 years
60%
5-9 years
10%
10-19 years
11%
20 years or more
4%

Common Health Benefits

medical benefits
Medical: 72%
dental benefits
Dental: 61%
vision benefits
Vision: 51%
no benefits
None: 25%