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Accounting and Finance Average Salaries in Los Angeles 2024

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


Average Yearly Salary
119,000 USD
( 9,920 USD monthly)

LOW
47,800
USD
AVERAGE
119,000
USD
HIGH
237,000
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 Los Angeles typically earns around 119,000 USD. Salaries range from 47,800 USD (lowest average) to 237,000 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 Los Angeles 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 Examiner61,300 USD
Account Executive106,000 USD
Accountant75,500 USD
Accounting Analyst96,600 USD
Accounting Assistant61,900 USD
Accounting Associate60,900 USD
Accounting Clerk48,800 USD
Accounting Coordinator73,600 USD
Accounting Head168,000 USD
Accounting Manager171,000 USD
Accounting Officer61,100 USD
Accounting Specialist106,000 USD
Accounting Supervisor116,000 USD
Accounting Technician54,600 USD
Accounting Unit Controller138,000 USD
Accounts Executive100,000 USD
Accounts Officer64,000 USD
Accounts Payable and Receivable Specialist79,800 USD
Accounts Payable Assistant64,500 USD
Accounts Payable Associate73,100 USD
Accounts Payable Clerk62,500 USD
Accounts Payable Manager157,000 USD
Accounts Receivable Administrator116,000 USD
Accounts Receivable Clerk62,000 USD
Accounts Receivable Financial Analyst112,000 USD
Accounts Receivable Manager154,000 USD
Accounts Receivable Team Leader122,000 USD
Algorithmic Trading Specialist138,000 USD
Assistant Accountant60,900 USD
Assistant Accounting Manager148,000 USD
Assistant Auditor82,000 USD
Assistant Corporate Controller112,000 USD
Assistant Finance Manager169,000 USD
Assistant Financial Controller107,000 USD
Audit Director178,000 USD
Audit Supervisor149,000 USD
Auditing Clerk64,000 USD
Auditing Manager167,000 USD
Billing Clerk60,700 USD
Billing Coordinator75,900 USD
Billing Specialist81,600 USD
Billing Supervisor127,000 USD
Bookkeeper51,900 USD
Bookkeeping Specialist74,500 USD
Budget Analyst142,000 USD
Budget Manager161,000 USD
Business Support Analyst92,500 USD
Capital Markets Associate122,000 USD
Cash Flow Analyst124,000 USD
Cash Management Manager153,000 USD
Cash Management Officer93,300 USD
Cashbook Clerk55,200 USD
Chartered Accountant98,100 USD
Chief Accountant119,000 USD
Chief Financial Technology Officer166,000 USD
Collections Clerk48,800 USD
Collections Representative72,500 USD
Collections Specialist80,900 USD
Corporate Controller123,000 USD
Corporate Treasurer152,000 USD
Cost Accountant80,600 USD
Cost Accounting Manager165,000 USD
Cost Accounting Supervisor128,000 USD
Cost Analyst125,000 USD
Credit and Collection Manager156,000 USD
Credit and Collection Staff63,800 USD
Credit and Loans Officer59,500 USD
Credit Controller117,000 USD
Credit Manager163,000 USD
Debt Adviser137,000 USD
Debt Collector63,300 USD
Debtors Clerk53,700 USD
Debtors Controller61,100 USD
Deputy CFO213,000 USD
Deputy Head of Finance211,000 USD
Derivative Trader144,000 USD
Director of Finance235,000 USD
E-commerce Accountant80,100 USD
Economist180,000 USD
Equity Analyst141,000 USD
Escrow Assistant73,000 USD
Executive Accountant94,600 USD
External Auditor118,000 USD
Finance Administrator96,700 USD
Finance Analyst151,000 USD
Finance Associate68,300 USD
Finance Data Analyst135,000 USD
Finance Director242,000 USD
Finance Executive178,000 USD
Finance Licensing Clerk57,200 USD
Finance Licensing Manager159,000 USD
Finance Licensing Specialist85,100 USD
Finance Manager218,000 USD
Finance Officer79,300 USD
Finance President240,000 USD
Finance Relationship Manager182,000 USD
Finance Release Analyst90,500 USD
Finance Specialist135,000 USD
Finance Team Leader 184,000 USD
Financial Accountant82,000 USD
Financial Actuary123,000 USD
Financial Administrator136,000 USD
Financial Advisor140,000 USD
Financial Analyst153,000 USD
Financial Applications Specialist97,500 USD
Financial Assistant65,800 USD
Financial Associate77,300 USD
Financial Associate65,900 USD
Financial Claims Analyst109,000 USD
Financial Claims Manager151,000 USD
Financial Claims Supervisor133,000 USD
Financial Clerk62,400 USD
Financial Commercial Analyst112,000 USD
Financial Compliance Analyst132,000 USD
Financial Compliance Officer125,000 USD
Financial Consultant103,000 USD
Financial Controller123,000 USD
Financial Controller129,000 USD
Financial Coordinator73,700 USD
Financial Customer Service Manager149,000 USD
Financial Data Scientist154,000 USD
Financial Dealer and Broker87,600 USD
Financial Director231,000 USD
Financial Encoder69,800 USD
Financial Manager220,000 USD
Financial Manager215,000 USD
Financial Modelling Analyst141,000 USD
Financial Operations Manager201,000 USD
Financial Policy Analyst126,000 USD
Financial Project Manager171,000 USD
Financial Quantitative Analyst133,000 USD
Financial Reporting Consultant121,000 USD
Financial Reporting Manager155,000 USD
Financial Section Head153,000 USD
Financial Services Manager209,000 USD
Financial Services Sales Agent84,600 USD
Financial Technology Consultant129,000 USD
Financial Wellness Coach159,000 USD
FinTech Analyst140,000 USD
Fixed Assets Administrator82,100 USD
Forensic Accountant92,000 USD
Fraud Detection Supervisor95,400 USD
Fraud Prevention Manager165,000 USD
Fund Accountant73,400 USD
Grants Coordinator62,700 USD
Green Finance Analyst117,000 USD
Group Financial Manager224,000 USD
Internal Auditor106,000 USD
Internal Control Adviser122,000 USD
Internal Control Officer70,700 USD
International Tax Director193,000 USD
Inventory Accountant86,300 USD
Investment Advisor215,000 USD
Investment Analyst166,000 USD
Investment Associate135,000 USD
Investment Broker134,000 USD
Investment Fund Manager187,000 USD
Investment Operations Manager186,000 USD
Investment Underwriter67,600 USD
Investor105,000 USD
Investor Relations Manager155,000 USD
KYC Team Leader157,000 USD
Loan Processor68,800 USD
Management Accountant86,200 USD
Management Economist179,000 USD
Paymaster62,400 USD
Payroll Administrator108,000 USD
Payroll Benefits Coordinator88,800 USD
Payroll Billing Manager154,000 USD
Payroll Clerk67,900 USD
Payroll Manager149,000 USD
Payroll Officer69,400 USD
Payroll Specialist86,800 USD
Payroll Supervisor98,500 USD
Pensions Administrator81,400 USD
Personal Financial Advisor123,000 USD
Pricing Analyst135,000 USD
Private Equity Analyst147,000 USD
Project Accountant86,000 USD
Proposal Development Coordinator68,400 USD
Quantitative Trader120,000 USD
Receivables Accountant73,200 USD
Regulatory Accountant92,500 USD
Retirement Plan Analyst123,000 USD
Revenue Management Specialist134,000 USD
Revenue Recognition Analyst144,000 USD
Risk Management Director202,000 USD
Risk Management Supervisor157,000 USD
Staff Accountant76,600 USD
Tax Accountant78,700 USD
Tax Administrator88,100 USD
Tax Advisor118,000 USD
Tax Analyst123,000 USD
Tax Associate67,000 USD
Tax Consultant134,000 USD
Tax Director185,000 USD
Tax Examiner82,800 USD
Tax Manager170,000 USD
Tax Research Manager161,000 USD
Teller49,200 USD
Treasury Accountant84,200 USD
Treasury Analyst131,000 USD
Underwriter58,200 USD
Underwriting Assistant51,900 USD
Vice President of Finance212,000 USD


Accounting and Finance Jobs Pay Scale and Salaries in Los Angeles

Median and salary distribution Los Angeles Accounting and Finance yearly
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Salary Structure and Pay Scale Comparison

5% of people earn
124,000 USD or more
10% of people earn
105,000 to 124,000 USD
20% of people earn
62,900 USD or less
65% of people earn
62,900 to 105,000 USD
Minimum Salary
47,800 USD
Median
108,000 USD
Maximum
237,000 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 Los Angeles range from 47,800 USD (starting average salary) to 237,000 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 108,000 USD, implying that half of the workforce in Los Angeles 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 Los Angeles earn less than 84,900 USD, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 131,000 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 Los Angeles. The analysis revealed that roughly 65% of all reported salaries fell within the range of 62,900 USD to 105,000 USD. Approximately 20% of salaries were below the 62,900 USD mark, while 10% ranged from 105,000 USD to 124,000 USD. Only 5% of individuals earned a gross salary of 124,000 USD or higher.

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 in Accounting and Finance in Los Angeles 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
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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 Los Angeles, 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 / Los Angeles

Salary comparison by gender United States Accounting and Finance yearly
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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? 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
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Average Annual Salary Increment Percentage / Accounting and Finance / Los Angeles

How much are annual salary increments in Los Angeles 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
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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

Annual Salary Increment Rate United States
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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
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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
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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 / Los Angeles


57 USD per hour

The average hourly wage (pay per hour) in Accounting and Finance in Los Angeles is 57 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 Los Angeles is 23 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
Long Beach94,600 USD
Los Angeles119,000 USD
Oakland92,700 USD
Sacramento97,500 USD
San Diego113,000 USD
San Francisco108,000 USD
San Jose111,000 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 Los Angeles?

A good and competitive compensation would range anywhere between 108,000 USD and 131,000 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 Los Angeles ranges from 47,800 USD to 84,900 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


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