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Accounting and Finance Average Salaries in United States 2020

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


Average Yearly Salary
96,200 USD
( 8,020 USD monthly)

LOW
39,500
USD
AVERAGE
96,200
USD
HIGH
196,000
USD

A person working in Accounting and Finance in United States typically earns around 96,200 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.

Salaries for specific jobs

Job TitleAverage Salary
Account Examiner49,300 USD
Account Executive85,800 USD
Accountant65,700 USD
Accounting Assistant52,900 USD
Accounting Associate49,200 USD
Accounting Clerk41,000 USD
Accounting Coordinator59,100 USD
Accounting Manager141,000 USD
Accounting Supervisor90,000 USD
Accounting Technician46,800 USD
Accounts Executive90,600 USD
Accounts Payable and Receivable Specialist67,700 USD
Accounts Payable Clerk50,800 USD
Accounts Payable Manager139,000 USD
Accounts Receivable Clerk48,700 USD
Accounts Receivable Manager131,000 USD
Assistant Accounting Manager123,000 USD
Assistant Auditor69,800 USD
Audit Supervisor129,000 USD
Auditing Clerk55,400 USD
Auditing Manager135,000 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 Analyst98,000 USD
Cash Management Officer79,100 USD
Cashbook Clerk45,800 USD
Chartered Accountant90,400 USD
Collections Clerk42,500 USD
Collections Specialist68,500 USD
Corporate Treasurer128,000 USD
Cost Accountant69,100 USD
Cost Accounting Manager137,000 USD
Cost Analyst113,000 USD
Credit and Collection Manager139,000 USD
Credit and Collection Staff50,100 USD
Credit and Loans Officer47,900 USD
Credit Controller91,400 USD
Debt Adviser115,000 USD
Debt Collector52,100 USD
Debtors Clerk45,000 USD
Deputy CFO184,000 USD
Derivative Trader112,000 USD
Escrow Assistant62,700 USD
External Auditor93,600 USD
Finance Associate59,200 USD
Finance Executive142,000 USD
Finance Licensing Clerk47,400 USD
Finance Licensing Manager129,000 USD
Finance Licensing Specialist75,300 USD
Finance Officer64,600 USD
Finance President194,000 USD
Finance Relationship Manager157,000 USD
Finance Release Analyst75,600 USD
Finance Team Leader 148,000 USD
Financial Actuary104,000 USD
Financial Administrator113,000 USD
Financial Analyst126,000 USD
Financial Applications Specialist85,900 USD
Financial Assistant56,900 USD
Financial Associate55,400 USD
Financial Claims Analyst89,200 USD
Financial Claims Manager121,000 USD
Financial Commercial Analyst97,100 USD
Financial Compliance Analyst114,000 USD
Financial Consultant94,900 USD
Financial Controller105,000 USD
Financial Coordinator64,000 USD
Financial Customer Service Manager128,000 USD
Financial Dealer and Broker73,300 USD
Financial Encoder56,600 USD
Financial Manager181,000 USD
Financial Manager181,000 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 Services Sales Agent74,900 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
Internal Auditor92,000 USD
Internal Control Adviser103,000 USD
Internal Control Officer58,700 USD
Inventory Accountant70,300 USD
Investment Analyst131,000 USD
Investment Fund Manager156,000 USD
Investment Underwriter55,500 USD
Investor85,300 USD
Investor Relations Manager137,000 USD
KYC Team Leader134,000 USD
Management Economist158,000 USD
Paymaster54,300 USD
Payroll Clerk58,100 USD
Payroll Manager125,000 USD
Pensions Administrator72,000 USD
Pricing Analyst114,000 USD
Private Equity Analyst126,000 USD
Proposal Development Coordinator60,500 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
Tax Accountant66,800 USD
Tax Advisor108,000 USD
Tax Associate56,000 USD
Tax Manager140,000 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 Salary Distribution in United States

Median and salary distribution yearly United States Accounting and Finance
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The median, the maximum, the minimum, and the range

  • Salary Range

    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).

  • Median Salary

    The median salary is 100,000 USD per year, which means that half (50%) of people working in Accounting and Finance are earning less than 100,000 USD while the other half are earning more than 100,000 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.

  • Percentiles

    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 62,800 USD while 75% of them are earning more than 62,800 USD. Also from the diagram, 75% of people working in Accounting and Finance are earning less than 154,000 USD while 25% are earning more than 154,000 USD.


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

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

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
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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.


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.

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.

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
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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.


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.

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.


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 39,500 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.

Accounting and Finance Salary Comparison By Gender

Salary comparison by gender yearly United States Accounting and Finance
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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.

Female
94,100 USD
Male+5%
99,100 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
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Accounting and Finance Average Annual Salary Increment Percentage in United States

How much are annual salary increments in United States for Accounting and Finance professionals? How often do employees get salary raises?

Accounting and Finance

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.

Annual Salary Increment Rate United States Accounting and Finance
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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

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.

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%.

Annual Increment Rate By Industry 2019

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 2019. 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.


Worldwide Salary Raises: All Countries and All Jobs

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Accounting and Finance Bonus and Incentive Rates in United States

How much and how often are bonuses being awarded?Annual Salary Bonus Rate United States Accounting and Finance
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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%

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.

Government vs Private Sector Salary Comparison

Public vs private sector salaries yearly United States
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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
92,500 USD
Public Sector+5%
97,200 USD
Percentage increase and decrease are relative to the previous value

Accounting and Finance Hourly Average Wage in United States


46 USD per hour

The average hourly wage (pay per hour) in United States is 46 USD. This means that the average person in United States earns approximately 46 USD for every worked hour.


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

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.

Accounting and Finance VS Other Jobs

Salary Comparison Between Accounting and Finance and Accounting and Finance yearly United States
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The average salary for Accounting and Finance is 2% more than that of All Jobs.

Salary Comparison By City

CityAverage Salary
Atlanta97,100 USD
Austin113,000 USD
Baltimore98,600 USD
Boston105,000 USD
Bristol81,500 USD
Chicago111,000 USD
Cincinnati82,300 USD
Cleveland85,100 USD
Dallas115,000 USD
Denver104,000 USD
Detroit105,000 USD
Honolulu81,200 USD
Houston120,000 USD
Indianapolis102,000 USD
Iowa City79,500 USD
Jacksonville110,000 USD
Kansas City93,800 USD
Kent80,400 USD
Las Vegas98,100 USD
Long Beach92,600 USD
Los Angeles117,000 USD
Memphis102,000 USD
Miami94,200 USD
Minneapolis85,600 USD
New Orleans89,500 USD
New York123,000 USD
Oakland90,700 USD
Oklahoma City96,500 USD
Orlando86,400 USD
Philadelphia113,000 USD
Phoenix112,000 USD
Sacramento95,400 USD
San Antonio117,000 USD
San Diego111,000 USD
San Francisco106,000 USD
San Jose109,000 USD
Seattle102,000 USD
Tampa89,300 USD
Vancouver80,800 USD
Washington D.C.105,000 USD

Salary Comparison By State

StateAverage Salary
Alabama103,000 USD
Alaska90,100 USD
Arizona107,000 USD
Arkansas99,300 USD
California113,000 USD
Colorado102,000 USD
Connecticut99,500 USD
Delaware92,600 USD
District of Columbia90,700 USD
Florida113,000 USD
Georgia111,000 USD
Hawaii95,000 USD
Idaho95,100 USD
Illinois112,000 USD
Indiana107,000 USD
Iowa99,400 USD
Kansas99,500 USD
Kentucky103,000 USD
Louisiana103,000 USD
Maine94,700 USD
Maryland107,000 USD
Massachusetts107,000 USD
Michigan111,000 USD
Minnesota105,000 USD
Mississippi99,300 USD
Missouri107,000 USD
Montana94,300 USD
Nebraska97,500 USD
Nevada99,600 USD
New Hampshire95,600 USD
New Jersey111,000 USD
New Mexico98,900 USD
New York115,000 USD
North Carolina102,000 USD
North Dakota83,200 USD
Ohio103,000 USD
Oklahoma93,700 USD
Oregon93,800 USD
Pennsylvania104,000 USD
Rhode Island85,500 USD
South Carolina95,900 USD
South Dakota85,700 USD
Tennessee99,900 USD
Texas107,000 USD
Utah90,700 USD
Vermont84,200 USD
Virginia102,000 USD
Washington101,000 USD
West Virginia90,100 USD
Wisconsin98,700 USD
Wyoming83,600 USD
69789 - 770

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