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 United States 2024

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


Average Yearly Salary
98,300 USD
( 8,200 USD monthly)

LOW
39,500
USD
AVERAGE
98,300
USD
HIGH
196,000
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 United States typically earns around 98,300 USD. Salaries range from 39,500 USD (lowest average) to 196,000 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 United States 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 Examiner49,300 USD
Account Executive85,800 USD
Accountant65,700 USD
Accounting Analyst79,600 USD
Accounting Assistant52,900 USD
Accounting Associate49,200 USD
Accounting Clerk41,000 USD
Accounting Coordinator59,100 USD
Accounting Head136,000 USD
Accounting Manager141,000 USD
Accounting Officer49,500 USD
Accounting Specialist93,200 USD
Accounting Supervisor90,000 USD
Accounting Technician46,800 USD
Accounting Unit Controller112,000 USD
Accounts Executive90,600 USD
Accounts Officer55,400 USD
Accounts Payable and Receivable Specialist67,700 USD
Accounts Payable Assistant52,500 USD
Accounts Payable Associate64,000 USD
Accounts Payable Clerk50,800 USD
Accounts Payable Manager139,000 USD
Accounts Receivable Administrator103,000 USD
Accounts Receivable Clerk48,700 USD
Accounts Receivable Financial Analyst98,600 USD
Accounts Receivable Manager131,000 USD
Accounts Receivable Team Leader101,000 USD
Algorithmic Trading Specialist117,000 USD
Assistant Accountant51,200 USD
Assistant Accounting Manager123,000 USD
Assistant Auditor69,800 USD
Assistant Corporate Controller92,300 USD
Assistant Finance Manager144,000 USD
Assistant Financial Controller89,600 USD
Audit Director149,000 USD
Audit Supervisor129,000 USD
Auditing Clerk55,400 USD
Auditing Manager135,000 USD
Billing Clerk54,000 USD
Billing Coordinator60,100 USD
Billing Specialist73,700 USD
Billing Supervisor108,000 USD
Bookkeeper43,400 USD
Bookkeeping Specialist63,800 USD
Budget Analyst117,000 USD
Budget Manager144,000 USD
Business Support Analyst78,800 USD
Capital Markets Associate107,000 USD
Cash Flow Analyst98,100 USD
Cash Management Manager132,000 USD
Cash Management Officer79,100 USD
Cashbook Clerk45,800 USD
Chartered Accountant90,400 USD
Chief Accountant96,400 USD
Chief Financial Technology Officer135,000 USD
Collections Clerk42,500 USD
Collections Representative61,600 USD
Collections Specialist68,500 USD
Corporate Controller104,000 USD
Corporate Treasurer128,000 USD
Cost Accountant69,100 USD
Cost Accounting Manager137,000 USD
Cost Accounting Supervisor114,000 USD
Cost Analyst113,000 USD
Credit and Collection Manager139,000 USD
Credit and Collection Staff50,100 USD
Credit and Loans Officer47,900 USD
Credit Controller91,500 USD
Credit Manager142,000 USD
Debt Adviser115,000 USD
Debt Collector52,200 USD
Debtors Clerk45,000 USD
Debtors Controller49,500 USD
Deputy CFO184,000 USD
Deputy Head of Finance194,000 USD
Derivative Trader112,000 USD
Director of Finance198,000 USD
E-commerce Accountant70,300 USD
Economist153,000 USD
Equity Analyst122,000 USD
Escrow Assistant62,700 USD
Executive Accountant73,100 USD
External Auditor93,600 USD
Finance Administrator77,100 USD
Finance Analyst127,000 USD
Finance Associate59,200 USD
Finance Data Analyst111,000 USD
Finance Director207,000 USD
Finance Executive142,000 USD
Finance Licensing Clerk47,400 USD
Finance Licensing Manager129,000 USD
Finance Licensing Specialist75,300 USD
Finance Manager183,000 USD
Finance Officer64,600 USD
Finance President194,000 USD
Finance Relationship Manager157,000 USD
Finance Release Analyst75,600 USD
Finance Specialist111,000 USD
Finance Team Leader 148,000 USD
Financial Accountant66,500 USD
Financial Actuary104,000 USD
Financial Administrator113,000 USD
Financial Advisor125,000 USD
Financial Analyst126,000 USD
Financial Applications Specialist85,900 USD
Financial Assistant56,900 USD
Financial Associate55,400 USD
Financial Associate67,900 USD
Financial Claims Analyst89,200 USD
Financial Claims Manager121,000 USD
Financial Claims Supervisor116,000 USD
Financial Clerk52,500 USD
Financial Commercial Analyst97,100 USD
Financial Compliance Analyst114,000 USD
Financial Compliance Officer112,000 USD
Financial Consultant94,900 USD
Financial Controller110,000 USD
Financial Controller105,000 USD
Financial Coordinator64,000 USD
Financial Customer Service Manager128,000 USD
Financial Data Scientist123,000 USD
Financial Dealer and Broker73,300 USD
Financial Director196,000 USD
Financial Encoder56,600 USD
Financial Manager181,000 USD
Financial Manager181,000 USD
Financial Modelling Analyst122,000 USD
Financial Operations Manager177,000 USD
Financial Policy Analyst102,000 USD
Financial Project Manager142,000 USD
Financial Quantitative Analyst122,000 USD
Financial Reporting Consultant99,100 USD
Financial Reporting Manager126,000 USD
Financial Section Head130,000 USD
Financial Services Manager170,000 USD
Financial Services Sales Agent74,900 USD
Financial Technology Consultant110,000 USD
Financial Wellness Coach134,000 USD
FinTech Analyst115,000 USD
Fixed Assets Administrator72,100 USD
Forensic Accountant79,100 USD
Fraud Detection Supervisor80,600 USD
Fraud Prevention Manager137,000 USD
Fund Accountant66,300 USD
Grants Coordinator50,600 USD
Green Finance Analyst99,800 USD
Group Financial Manager196,000 USD
Internal Auditor92,000 USD
Internal Control Adviser103,000 USD
Internal Control Officer58,700 USD
International Tax Director166,000 USD
Inventory Accountant70,300 USD
Investment Advisor173,000 USD
Investment Analyst131,000 USD
Investment Associate114,000 USD
Investment Broker115,000 USD
Investment Fund Manager156,000 USD
Investment Operations Manager157,000 USD
Investment Underwriter55,500 USD
Investor85,300 USD
Investor Relations Manager137,000 USD
KYC Team Leader134,000 USD
Loan Processor54,500 USD
Management Accountant78,800 USD
Management Economist158,000 USD
Paymaster54,300 USD
Payroll Administrator85,300 USD
Payroll Benefits Coordinator73,300 USD
Payroll Billing Manager125,000 USD
Payroll Clerk58,100 USD
Payroll Manager125,000 USD
Payroll Officer61,200 USD
Payroll Specialist68,200 USD
Payroll Supervisor90,000 USD
Pensions Administrator72,000 USD
Personal Financial Advisor104,000 USD
Pricing Analyst114,000 USD
Private Equity Analyst126,000 USD
Project Accountant73,500 USD
Proposal Development Coordinator60,500 USD
Quantitative Trader93,900 USD
Receivables Accountant60,600 USD
Regulatory Accountant76,200 USD
Retirement Plan Analyst104,000 USD
Revenue Management Specialist112,000 USD
Revenue Recognition Analyst120,000 USD
Risk Management Director156,000 USD
Risk Management Supervisor132,000 USD
Staff Accountant65,200 USD
Tax Accountant66,800 USD
Tax Administrator74,700 USD
Tax Advisor108,000 USD
Tax Analyst101,000 USD
Tax Associate56,000 USD
Tax Consultant108,000 USD
Tax Director162,000 USD
Tax Examiner74,400 USD
Tax Manager140,000 USD
Tax Research Manager144,000 USD
Teller39,300 USD
Treasury Accountant70,800 USD
Treasury Analyst112,000 USD
Underwriter48,500 USD
Underwriting Assistant46,800 USD
Vice President of Finance179,000 USD


Accounting and Finance Jobs Pay Scale and Salaries in United States

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

Salary Structure and Pay Scale Comparison

5% of people earn
104,000 USD or more
10% of people earn
88,200 to 104,000 USD
20% of people earn
53,000 USD or less
65% of people earn
53,000 to 88,200 USD
Minimum Salary
39,500 USD
Median
91,300 USD
Maximum
196,000 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 United States range from 39,500 USD (starting average salary) to 196,000 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 91,300 USD, implying that half of the workforce in United States 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 United States earn less than 71,500 USD, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 110,000 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 United States. The analysis revealed that roughly 65% of all reported salaries fell within the range of 53,000 USD to 88,200 USD. Approximately 20% of salaries were below the 53,000 USD mark, while 10% ranged from 88,200 USD to 104,000 USD. Only 5% of individuals earned a gross salary of 104,000 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 United States 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 United States, 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 / United States

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 / United States

How much are annual salary increments in United States 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 10% every 14 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

19% of surveyed staff in Accounting and Finance reported that they haven't received any bonuses or incentives in the previous year while 81% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 5% to 9% of their annual salary.

Received Bonus
81%
No Bonus
19%

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 / United States


47 USD per hour

The average hourly wage (pay per hour) in Accounting and Finance in United States is 47 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 United States is 19 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
Atlanta99,200 USD
Austin115,000 USD
Baltimore101,000 USD
Boston107,000 USD
Bristol83,300 USD
Chicago114,000 USD
Cincinnati84,100 USD
Cleveland87,000 USD
Dallas117,000 USD
Denver106,000 USD
Detroit107,000 USD
Honolulu83,000 USD
Houston122,000 USD
Indianapolis104,000 USD
Iowa City81,200 USD
Jacksonville113,000 USD
Kansas City95,900 USD
Kent82,100 USD
Las Vegas100,000 USD
Long Beach94,600 USD
Los Angeles119,000 USD
Memphis105,000 USD
Miami96,300 USD
Minneapolis87,500 USD
New Orleans91,500 USD
New York126,000 USD
Oakland92,700 USD
Oklahoma City98,600 USD
Orlando88,300 USD
Philadelphia116,000 USD
Phoenix114,000 USD
Sacramento97,500 USD
San Antonio119,000 USD
San Diego113,000 USD
San Francisco108,000 USD
San Jose111,000 USD
Seattle104,000 USD
Tampa91,200 USD
Vancouver82,600 USD
Washington D.C.107,000 USD

Salary Comparison By State

StateAverage Salary
Alabama105,000 USD
Alaska92,000 USD
Arizona110,000 USD
Arkansas101,000 USD
California116,000 USD
Colorado105,000 USD
Connecticut102,000 USD
Delaware94,600 USD
District of Columbia92,700 USD
Florida115,000 USD
Georgia113,000 USD
Hawaii97,100 USD
Idaho97,200 USD
Illinois115,000 USD
Indiana110,000 USD
Iowa102,000 USD
Kansas102,000 USD
Kentucky105,000 USD
Louisiana105,000 USD
Maine96,800 USD
Maryland109,000 USD
Massachusetts109,000 USD
Michigan114,000 USD
Minnesota108,000 USD
Mississippi101,000 USD
Missouri109,000 USD
Montana96,400 USD
Nebraska99,600 USD
Nevada102,000 USD
New Hampshire97,700 USD
New Jersey114,000 USD
New Mexico101,000 USD
New York118,000 USD
North Carolina104,000 USD
North Dakota85,000 USD
Ohio105,000 USD
Oklahoma95,700 USD
Oregon95,800 USD
Pennsylvania106,000 USD
Rhode Island87,400 USD
South Carolina98,100 USD
South Dakota87,600 USD
Tennessee102,000 USD
Texas109,000 USD
Utah92,700 USD
Vermont86,000 USD
Virginia104,000 USD
Washington104,000 USD
West Virginia92,100 USD
Wisconsin101,000 USD
Wyoming85,500 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 United States?

A good and competitive compensation would range anywhere between 91,300 USD and 110,000 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 United States ranges from 39,500 USD to 71,500 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