HOME BROWSE SALARIES ARTICLES BEST PAYING JOBS SUBMIT SALARY
Browse Salaries
Best Paying Jobs
Articles
Submit Salary
Salary Increase Letters

Accounting and Finance Average Salaries in Washington 2024

How much money does a person working in Accounting and Finance make in Washington?


Average Yearly Salary
104,000 USD
( 8,630 USD monthly)

LOW
41,600
USD
AVERAGE
104,000
USD
HIGH
206,000
USD
All salary figures displayed here are per year except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

A person working in Accounting and Finance in Washington typically earns around 104,000 USD. Salaries range from 41,600 USD (lowest average) to 206,000 USD (highest average, actual maximum salary is higher).


Salary Variance

The provided figure represents the median compensation that encompasses housing, transportation, and other perks. The salaries within the Accounting and Finance domain in Washington exhibit significant discrepancies across various professions. In case you seek information about the remuneration of a specific position, please refer to the salaries listed below for respective job titles.

Salaries for specific jobs

Job TitleAverage Salary
Accounting and Finance
Account Examiner53,800 USD
Account Executive91,300 USD
Accountant72,400 USD
Accounting Analyst93,700 USD
Accounting Assistant57,500 USD
Accounting Associate53,100 USD
Accounting Clerk43,900 USD
Accounting Coordinator64,600 USD
Accounting Head145,000 USD
Accounting Manager149,000 USD
Accounting Officer51,900 USD
Accounting Specialist96,200 USD
Accounting Supervisor104,000 USD
Accounting Technician50,500 USD
Accounting Unit Controller117,000 USD
Accounts Executive91,000 USD
Accounts Officer56,400 USD
Accounts Payable and Receivable Specialist76,200 USD
Accounts Payable Assistant59,100 USD
Accounts Payable Associate68,100 USD
Accounts Payable Clerk52,700 USD
Accounts Payable Manager142,000 USD
Accounts Receivable Administrator102,000 USD
Accounts Receivable Clerk54,300 USD
Accounts Receivable Financial Analyst101,000 USD
Accounts Receivable Manager144,000 USD
Accounts Receivable Team Leader107,000 USD
Algorithmic Trading Specialist132,000 USD
Assistant Accountant55,000 USD
Assistant Accounting Manager141,000 USD
Assistant Auditor69,700 USD
Assistant Corporate Controller100,000 USD
Assistant Finance Manager147,000 USD
Assistant Financial Controller98,800 USD
Audit Director162,000 USD
Audit Supervisor131,000 USD
Auditing Clerk56,400 USD
Auditing Manager158,000 USD
Billing Clerk53,000 USD
Billing Coordinator64,300 USD
Billing Specialist74,600 USD
Billing Supervisor110,000 USD
Bookkeeper47,900 USD
Bookkeeping Specialist68,900 USD
Budget Analyst127,000 USD
Budget Manager154,000 USD
Business Support Analyst78,600 USD
Capital Markets Associate111,000 USD
Cash Flow Analyst114,000 USD
Cash Management Manager137,000 USD
Cash Management Officer80,900 USD
Cashbook Clerk47,000 USD
Chartered Accountant91,200 USD
Chief Accountant113,000 USD
Chief Financial Technology Officer153,000 USD
Collections Clerk46,400 USD
Collections Representative62,400 USD
Collections Specialist70,700 USD
Corporate Controller120,000 USD
Corporate Treasurer133,000 USD
Cost Accountant73,900 USD
Cost Accounting Manager140,000 USD
Cost Accounting Supervisor119,000 USD
Cost Analyst114,000 USD
Credit and Collection Manager149,000 USD
Credit and Collection Staff55,800 USD
Credit and Loans Officer52,300 USD
Credit Controller103,000 USD
Credit Manager153,000 USD
Debt Adviser124,000 USD
Debt Collector61,400 USD
Debtors Clerk48,900 USD
Debtors Controller51,900 USD
Deputy CFO190,000 USD
Deputy Head of Finance196,000 USD
Derivative Trader130,000 USD
Director of Finance212,000 USD
E-commerce Accountant74,400 USD
Economist170,000 USD
Equity Analyst125,000 USD
Escrow Assistant66,400 USD
Executive Accountant79,900 USD
External Auditor97,600 USD
Finance Administrator87,600 USD
Finance Analyst126,000 USD
Finance Associate66,200 USD
Finance Data Analyst118,000 USD
Finance Director206,000 USD
Finance Executive148,000 USD
Finance Licensing Clerk54,400 USD
Finance Licensing Manager132,000 USD
Finance Licensing Specialist75,900 USD
Finance Manager199,000 USD
Finance Officer66,000 USD
Finance President208,000 USD
Finance Relationship Manager165,000 USD
Finance Release Analyst83,400 USD
Finance Specialist119,000 USD
Finance Team Leader 161,000 USD
Financial Accountant69,700 USD
Financial Actuary116,000 USD
Financial Administrator125,000 USD
Financial Advisor132,000 USD
Financial Analyst135,000 USD
Financial Applications Specialist88,700 USD
Financial Assistant58,000 USD
Financial Associate59,000 USD
Financial Associate70,600 USD
Financial Claims Analyst97,800 USD
Financial Claims Manager131,000 USD
Financial Claims Supervisor124,000 USD
Financial Clerk55,900 USD
Financial Commercial Analyst107,000 USD
Financial Compliance Analyst116,000 USD
Financial Compliance Officer117,000 USD
Financial Consultant95,700 USD
Financial Controller120,000 USD
Financial Controller116,000 USD
Financial Coordinator64,200 USD
Financial Customer Service Manager136,000 USD
Financial Data Scientist139,000 USD
Financial Dealer and Broker80,000 USD
Financial Director221,000 USD
Financial Encoder59,300 USD
Financial Manager213,000 USD
Financial Manager193,000 USD
Financial Modelling Analyst136,000 USD
Financial Operations Manager185,000 USD
Financial Policy Analyst117,000 USD
Financial Project Manager145,000 USD
Financial Quantitative Analyst128,000 USD
Financial Reporting Consultant109,000 USD
Financial Reporting Manager144,000 USD
Financial Section Head145,000 USD
Financial Services Manager178,000 USD
Financial Services Sales Agent76,100 USD
Financial Technology Consultant110,000 USD
Financial Wellness Coach145,000 USD
FinTech Analyst124,000 USD
Fixed Assets Administrator75,600 USD
Forensic Accountant83,400 USD
Fraud Detection Supervisor92,900 USD
Fraud Prevention Manager141,000 USD
Fund Accountant67,100 USD
Grants Coordinator54,700 USD
Green Finance Analyst111,000 USD
Group Financial Manager211,000 USD
Internal Auditor94,500 USD
Internal Control Adviser119,000 USD
Internal Control Officer60,300 USD
International Tax Director177,000 USD
Inventory Accountant71,900 USD
Investment Advisor191,000 USD
Investment Analyst143,000 USD
Investment Associate127,000 USD
Investment Broker123,000 USD
Investment Fund Manager155,000 USD
Investment Operations Manager166,000 USD
Investment Underwriter60,000 USD
Investor97,400 USD
Investor Relations Manager139,000 USD
KYC Team Leader145,000 USD
Loan Processor58,300 USD
Management Accountant82,700 USD
Management Economist161,000 USD
Paymaster59,800 USD
Payroll Administrator93,600 USD
Payroll Benefits Coordinator77,200 USD
Payroll Billing Manager130,000 USD
Payroll Clerk62,800 USD
Payroll Manager134,000 USD
Payroll Officer62,700 USD
Payroll Specialist75,900 USD
Payroll Supervisor94,500 USD
Pensions Administrator73,200 USD
Personal Financial Advisor108,000 USD
Pricing Analyst121,000 USD
Private Equity Analyst122,000 USD
Project Accountant79,800 USD
Proposal Development Coordinator61,500 USD
Quantitative Trader105,000 USD
Receivables Accountant69,600 USD
Regulatory Accountant81,900 USD
Retirement Plan Analyst120,000 USD
Revenue Management Specialist115,000 USD
Revenue Recognition Analyst136,000 USD
Risk Management Director170,000 USD
Risk Management Supervisor142,000 USD
Staff Accountant72,500 USD
Tax Accountant67,700 USD
Tax Administrator76,400 USD
Tax Advisor109,000 USD
Tax Analyst111,000 USD
Tax Associate61,800 USD
Tax Consultant117,000 USD
Tax Director173,000 USD
Tax Examiner76,600 USD
Tax Manager149,000 USD
Tax Research Manager151,000 USD
Teller44,600 USD
Treasury Accountant75,700 USD
Treasury Analyst123,000 USD
Underwriter49,300 USD
Underwriting Assistant47,000 USD
Vice President of Finance207,000 USD


Accounting and Finance Jobs Pay Scale and Salaries in Washington

Median and salary distribution Washington Accounting and Finance yearly
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/united-states/washington/accounting-and-finance/median-and-salary-distribution-yearly-washington-accounting-and-finance.jpg

Salary Structure and Pay Scale Comparison

5% of people earn
109,000 USD or more
10% of people earn
92,000 to 109,000 USD
20% of people earn
55,300 USD or less
65% of people earn
55,300 to 92,000 USD
Minimum Salary
41,600 USD
Median
95,300 USD
Maximum
206,000 USD




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per year except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries in Accounting and Finance in Washington range from 41,600 USD (starting average salary) to 206,000 USD (maximum average salary, actual maximum is higher). To clarify, the number presented is not the legally mandated minimum wage. Rather, it represents the lowest figure reported in a salary survey that involved thousands of participants and professionals from across the entire country.

  • Median Salary

    The median income in the field of Accounting and Finance is 95,300 USD, implying that half of the workforce in Washington earns less than this figure, and the other half earns more. It represents the central value of salaries. As a rule of thumb, you would prefer to be part of the group earning above the median wage, situated on the right-hand side of the salary distribution chart.

  • Percentiles and Salary Scale

    Two values that are highly correlated with the median are the 25th and 75th percentiles. By examining the salary distribution diagram, it is possible to determine that 25% of individuals employed in Accounting and Finance in Washington earn less than 74,600 USD, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 115,000 USD, while 25% earn more than that.

  • Pay Scale Structure

    Data was regrouped into brackets to provide a better understanding of what salaries can be expected. This approach was deemed more accurate than relying solely on the average salary, as it offers greater insights into the distribution of salaries in the field of Accounting and Finance in Washington. The analysis revealed that roughly 65% of all reported salaries fell within the range of 55,300 USD to 92,000 USD. Approximately 20% of salaries were below the 55,300 USD mark, while 10% ranged from 92,000 USD to 109,000 USD. Only 5% of individuals earned a gross salary of 109,000 USD or higher.

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-by-experience.jpg

The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage.

Generally speaking, employees in Accounting and Finance in Washington having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.

Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience.

As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark.

Those figures are presented as guidelines only. The numbers become more significant if you consider one job title at a time.


Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of many different jobs. To view accurate figures, choose a specific job title.
On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.


Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-comparison-by-education.jpg

Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of multiple jobs. To view accurate figures, choose a specific job title.

It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income?

We compared the salaries of professionals at the same level but with different college degree levels across many jobs in Accounting and Finance in Washington, below are our findings.

Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.

Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a certificate or diploma.

Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree.

Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job.


Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in United States costs anywhere from 39,600 USD to 119,000 USD and lasts approximately two years. That is quite an investment.

Employees can't expect any salary increases during the study period, assuming they already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

The decision really depends on the situation and experience among many other factors. Putting all variables aside, if a person can afford the costs of higher education then the return on investment is definitely worth it. Degree costs can be recovered roughly in a year or so.



Salary and Compensation Comparison By Gender / Accounting and Finance / Washington

Salary comparison by gender United States Accounting and Finance yearly
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/united-states/accounting-and-finance/salary-comparison-by-gender-yearly-united-states-accounting-and-finance.jpg

Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? In the field of Accounting and Finance in United States, the average difference between the salary of male and female employees is 5%.

Male
101,000 USD
Female-5%
96,300 USD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in United States for all Careers

Salary comparison by gender yearly United States
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/united-states/salary-comparison-by-gender-yearly-united-states.jpg

Average Annual Salary Increment Percentage / Accounting and Finance / Washington

How much are annual salary increments in Washington for individuals working in Accounting and Finance? How often do employees get salary raises?

Professionals working in Accounting and Finance in United States are likely to observe a salary increase of approximately % every months. The national average annual increment for all professions combined is 8% granted to employees every 16 months.

Annual Salary Increment Rate United States Accounting and Finance
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/united-states/accounting-and-finance/annual-salary-increment-rate-united-states-accounting-and-finance.jpg


The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

United States / All Professions

Annual Salary Increment Rate United States
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/united-states/annual-salary-increment-rate-united-states.jpg

The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency

The average salary increase in one year (12 months) in United States is 6%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-increment-world.jpg

Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.

Bonus and Incentive Rates / Accounting and Finance / United States

How much and how often are bonuses being awarded?Annual Salary Bonus Rate United States Accounting and Finance
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/united-states/accounting-and-finance/annual-salary-bonus-rate-united-states-accounting-and-finance.jpg

100% of surveyed staff in Accounting and Finance reported that they haven't received any bonuses or incentives in the previous year while % said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from % to % of their annual salary.

Received Bonus
%
No Bonus
100%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus, where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Hourly Average Wage / Accounting and Finance / Washington


50 USD per hour

The average hourly wage (pay per hour) in Accounting and Finance in Washington is 50 USD.This is the rate they get paid for every worked hour.


Hourly Wage = Annual Salary / ( 52 x 5 x 8 )

About The Hourly Pay Rate

The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for people working in Accounting and Finance in Washington is 20 USD. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary Comparison By City

CityAverage Salary
Kent82,100 USD
Seattle104,000 USD
Vancouver82,600 USD

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in United States is 5% on average across all career fields.

Private Sector
92,800 USD
Public Sector+5%
97,500 USD
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary in Accounting and Finance in Washington?

A good and competitive compensation would range anywhere between 95,300 USD and 115,000 USD. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

Base / Basic Salary

The base salary for jobs in Accounting and Finance in Washington ranges from 41,600 USD to 74,600 USD. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary


Browse Salaries

Salary Increase Letters

Best Paying Jobs
Home BROWSE SALARIES ARTICLES BEST PAYING JOBS Salary Comparison Arabic Spanish

©Salary Explorer 2024