A person working in Accounting and Finance in United States typically earns around 97,600 USD per year. Salaries range from 39,500 USD (lowest average) to 196,000 USD (highest average, actual maximum salary is higher).
This is the average yearly salary including housing, transport, and other benefits. Salaries vary drastically between different Accounting and Finance careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.
Job Title | Average Salary |
Account Examiner | 49,300 USD |
Account Executive | 85,800 USD |
Accountant | 65,700 USD |
Accounting Assistant | 52,900 USD |
Accounting Associate | 49,200 USD |
Accounting Clerk | 41,000 USD |
Accounting Coordinator | 59,100 USD |
Accounting Manager | 141,000 USD |
Accounting Supervisor | 90,000 USD |
Accounting Technician | 46,800 USD |
Accounts Executive | 90,600 USD |
Accounts Payable and Receivable Specialist | 67,700 USD |
Accounts Payable Clerk | 50,800 USD |
Accounts Payable Manager | 139,000 USD |
Accounts Receivable Clerk | 48,700 USD |
Accounts Receivable Manager | 131,000 USD |
Assistant Accounting Manager | 123,000 USD |
Assistant Auditor | 69,800 USD |
Audit Supervisor | 129,000 USD |
Auditing Clerk | 55,400 USD |
Auditing Manager | 135,000 USD |
Billing Coordinator | 60,100 USD |
Billing Specialist | 73,700 USD |
Billing Supervisor | 108,000 USD |
Bookkeeper | 43,400 USD |
Bookkeeping Specialist | 63,800 USD |
Budget Analyst | 117,000 USD |
Budget Manager | 144,000 USD |
Business Support Analyst | 78,800 USD |
Capital Markets Associate | 107,000 USD |
Cash Flow Analyst | 98,000 USD |
Cash Management Officer | 79,100 USD |
Cashbook Clerk | 45,800 USD |
Chartered Accountant | 90,400 USD |
Collections Clerk | 42,500 USD |
Collections Specialist | 68,500 USD |
Corporate Treasurer | 128,000 USD |
Cost Accountant | 69,100 USD |
Cost Accounting Manager | 137,000 USD |
Cost Analyst | 113,000 USD |
Credit and Collection Manager | 139,000 USD |
Credit and Collection Staff | 50,100 USD |
Credit and Loans Officer | 47,900 USD |
Credit Controller | 91,400 USD |
Debt Adviser | 115,000 USD |
Debt Collector | 52,100 USD |
Debtors Clerk | 45,000 USD |
Deputy CFO | 184,000 USD |
Derivative Trader | 112,000 USD |
Escrow Assistant | 62,700 USD |
External Auditor | 93,600 USD |
Finance Associate | 59,200 USD |
Finance Executive | 142,000 USD |
Finance Licensing Clerk | 47,400 USD |
Finance Licensing Manager | 129,000 USD |
Finance Licensing Specialist | 75,300 USD |
Finance Officer | 64,600 USD |
Finance President | 194,000 USD |
Finance Relationship Manager | 157,000 USD |
Finance Release Analyst | 75,600 USD |
Finance Team Leader | 148,000 USD |
Financial Actuary | 104,000 USD |
Financial Administrator | 113,000 USD |
Financial Analyst | 126,000 USD |
Financial Applications Specialist | 85,900 USD |
Financial Assistant | 56,900 USD |
Financial Associate | 55,400 USD |
Financial Claims Analyst | 89,200 USD |
Financial Claims Manager | 121,000 USD |
Financial Commercial Analyst | 97,100 USD |
Financial Compliance Analyst | 114,000 USD |
Financial Consultant | 94,900 USD |
Financial Controller | 105,000 USD |
Financial Coordinator | 64,000 USD |
Financial Customer Service Manager | 128,000 USD |
Financial Dealer and Broker | 73,300 USD |
Financial Encoder | 56,600 USD |
Financial Manager | 181,000 USD |
Financial Manager | 181,000 USD |
Financial Operations Manager | 177,000 USD |
Financial Policy Analyst | 102,000 USD |
Financial Project Manager | 142,000 USD |
Financial Quantitative Analyst | 122,000 USD |
Financial Reporting Consultant | 99,100 USD |
Financial Reporting Manager | 126,000 USD |
Financial Services Sales Agent | 74,900 USD |
Fixed Assets Administrator | 72,100 USD |
Forensic Accountant | 79,100 USD |
Fraud Detection Supervisor | 80,600 USD |
Fraud Prevention Manager | 137,000 USD |
Fund Accountant | 66,300 USD |
Grants Coordinator | 50,600 USD |
Internal Auditor | 92,000 USD |
Internal Control Adviser | 103,000 USD |
Internal Control Officer | 58,700 USD |
Inventory Accountant | 70,300 USD |
Investment Analyst | 131,000 USD |
Investment Fund Manager | 156,000 USD |
Investment Underwriter | 55,500 USD |
Investor | 85,300 USD |
Investor Relations Manager | 137,000 USD |
KYC Team Leader | 134,000 USD |
Management Economist | 158,000 USD |
Paymaster | 54,300 USD |
Payroll Clerk | 58,100 USD |
Payroll Manager | 125,000 USD |
Pensions Administrator | 72,000 USD |
Pricing Analyst | 114,000 USD |
Private Equity Analyst | 126,000 USD |
Proposal Development Coordinator | 60,500 USD |
Receivables Accountant | 60,600 USD |
Regulatory Accountant | 76,200 USD |
Retirement Plan Analyst | 104,000 USD |
Revenue Management Specialist | 112,000 USD |
Revenue Recognition Analyst | 120,000 USD |
Risk Management Director | 156,000 USD |
Risk Management Supervisor | 132,000 USD |
Tax Accountant | 66,800 USD |
Tax Advisor | 108,000 USD |
Tax Associate | 56,000 USD |
Tax Manager | 140,000 USD |
Teller | 39,300 USD |
Treasury Accountant | 70,800 USD |
Treasury Analyst | 112,000 USD |
Underwriter | 48,500 USD |
Underwriting Assistant | 46,800 USD |
Vice President of Finance | 179,000 USD |
Accounting and Finance salaries in United States range from 39,500 USD per year (minimum average salary) to 196,000 USD per year (maximum average salary, actual maximum is higher).
The median salary is 101,000 USD per year, which means that half (50%) of people working in Accounting and Finance are earning less than 101,000 USD while the other half are earning more than 101,000 USD. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.
Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of people working in Accounting and Finance are earning less than 63,400 USD while 75% of them are earning more than 63,400 USD. Also from the diagram, 75% of people working in Accounting and Finance are earning less than 155,000 USD while 25% are earning more than 155,000 USD.
Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning 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
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 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.
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 degrees levels across many jobs, 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 cerificate 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.
A Master's degree program or any post-graduate program in United States costs anywhere from 39,500 US Dollar(s) to 118,000 US Dollar(s) and lasts approximately two years. That is quite an investment.
You can't really expect any salary increases during the study period, assuming you 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 into 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 your situation and experience among many other factors. Putting all variables aside, if you can afford the costs of higher education then the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male employees in United States who work in Accounting and Finance earn 5% more than their female counterparts on average.
Male | 100,000 USD | |
Female | -5% | 95,500 USD |
Accounting and Finance professionals 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.
The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely 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.
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
Banking | 4% | |
Energy | 8% | |
Information Technology | 3% | |
Healthcare | 7% | |
Travel | 2% | |
Construction | 6% | |
Education | 1% |
Listed above are the average annual increase rates for each industry in United States for the year 2021. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.
Accounting and Finance is considered to be a high bonus-based field due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.
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% |
The most standard form of bonus where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, 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 BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese types of bonuses are given without a reason and usually resemble an appreciation token.
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.
The main two types of jobs | |
Revenue Generators | Supporting 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: | Example: |
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.
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.
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 fix 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.
The average salary for Accounting and Finance is 3% more than that of All Jobs.
City | Average Salary |
Atlanta | 98,500 USD |
Austin | 114,000 USD |
Baltimore | 100,000 USD |
Boston | 106,000 USD |
Bristol | 82,700 USD |
Chicago | 113,000 USD |
Cincinnati | 83,500 USD |
Cleveland | 86,300 USD |
Dallas | 116,000 USD |
Denver | 105,000 USD |
Detroit | 106,000 USD |
Honolulu | 82,400 USD |
Houston | 121,000 USD |
Indianapolis | 103,000 USD |
Iowa City | 80,600 USD |
Jacksonville | 112,000 USD |
Kansas City | 95,100 USD |
Kent | 81,500 USD |
Las Vegas | 99,500 USD |
Long Beach | 93,900 USD |
Los Angeles | 118,000 USD |
Memphis | 104,000 USD |
Miami | 95,600 USD |
Minneapolis | 86,800 USD |
New Orleans | 90,800 USD |
New York | 125,000 USD |
Oakland | 92,000 USD |
Oklahoma City | 97,900 USD |
Orlando | 87,600 USD |
Philadelphia | 115,000 USD |
Phoenix | 113,000 USD |
Sacramento | 96,800 USD |
San Antonio | 118,000 USD |
San Diego | 112,000 USD |
San Francisco | 108,000 USD |
San Jose | 110,000 USD |
Seattle | 103,000 USD |
Tampa | 90,500 USD |
Vancouver | 82,000 USD |
Washington D.C. | 107,000 USD |
State | Average Salary |
Alabama | 104,000 USD |
Alaska | 91,300 USD |
Arizona | 109,000 USD |
Arkansas | 101,000 USD |
California | 115,000 USD |
Colorado | 104,000 USD |
Connecticut | 101,000 USD |
Delaware | 93,900 USD |
District of Columbia | 91,900 USD |
Florida | 115,000 USD |
Georgia | 113,000 USD |
Hawaii | 96,300 USD |
Idaho | 96,400 USD |
Illinois | 114,000 USD |
Indiana | 109,000 USD |
Iowa | 101,000 USD |
Kansas | 101,000 USD |
Kentucky | 104,000 USD |
Louisiana | 104,000 USD |
Maine | 96,000 USD |
Maryland | 109,000 USD |
Massachusetts | 109,000 USD |
Michigan | 113,000 USD |
Minnesota | 107,000 USD |
Mississippi | 101,000 USD |
Missouri | 108,000 USD |
Montana | 95,600 USD |
Nebraska | 98,800 USD |
Nevada | 101,000 USD |
New Hampshire | 96,900 USD |
New Jersey | 113,000 USD |
New Mexico | 100,000 USD |
New York | 117,000 USD |
North Carolina | 103,000 USD |
North Dakota | 84,300 USD |
Ohio | 104,000 USD |
Oklahoma | 95,000 USD |
Oregon | 95,100 USD |
Pennsylvania | 106,000 USD |
Rhode Island | 86,700 USD |
South Carolina | 97,300 USD |
South Dakota | 86,900 USD |
Tennessee | 101,000 USD |
Texas | 108,000 USD |
Utah | 91,900 USD |
Vermont | 85,300 USD |
Virginia | 104,000 USD |
Washington | 103,000 USD |
West Virginia | 91,400 USD |
Wisconsin | 100,000 USD |
Wyoming | 84,800 USD |
Where can you get paid more, working for a private company or for the government? Public sector employees in United States earn 5% more than their private sector counterparts on average across all sectors.
Private Sector | 92,400 USD | |
Public Sector | +5% | 97,100 USD |