Accountants vs Financial Analysts salary

According to data from the US Bureau of Labor Statistics, the average salary for Accountants is $83,980 per year, while Financial Analysts earn an average of $103,020 annually. As a result, Accountants earn a lower salary than Financial Analysts.

Nevertheless, it's worth mentioning that the salary of an employee can be influenced by factors such as location and experience. As an example, Accountants working in Washington DC (with a wage of $110,240 on average) may have higher salaries than those in Nevada ($65,470). To provide another instance, Financial Analysts in New York have an average income that is 84% higher compared to those in Utah.

Accountants vs Financial Analysts overview

Accountants and Financial Analysts are two important roles in the Professional, Scientific, and Technical Services industry. Many people are interested in understanding the distinctions between these jobs, including the average salary for each of them.

Accountant job description

Alternative names: Accountants and Auditors

Accountants examine, analyze, and interpret accounting records to prepare financial statements, give advice, or audit and evaluate statements prepared by others. Install or advise on systems of recording costs or other financial and budgetary data.

Accountant average salary

According to data from the US Bureau of Labor Statistics, the number of Accountants employed by the United States in 2021 was 1.32M, and their average annual salary was $83,980. The bottom 10 percent had a salary of $47,970 or less, and the top 10 percent had a salary of $128,970 or more. The average salary has grown by 2.8% compared the previous year.

Do Accountants make good money?

The average salary of Accountants is 44% higher than the average wage in the United States ($58,260). On the other hand, they earn 8% less than the average wage of the Professional, Scientific, and Technical Services industry ($91,150).

The average salary of Accountants is 44% higher than the average wage in the United States ($58,260).

Accountants job growth

In 2021, there have been 43,930 more Accountant positions than the previous year nationwide, which marks a rise of 3.4%. Job growth has averaged 1.5% for the last 3 years.

Financial Analyst job description

Alternative names: Financial and Investment Analysts

Financial Analysts conduct quantitative analyses of information involving investment programs or financial data of public or private institutions, including valuation of businesses.

Financial Analyst average salary

The US Bureau of Labor Statistics has reported that in 2021, there were 291,880 Financial Analysts working in the United States, and on average, they earned $103,020 per year. The bottom 10 percent earned $57,900 or less, and the top 10 percent earned $166,560 or more.

Do Financial Analysts make good money?

The average salary of Financial Analysts is 77% higher than the average salary in the United States ($58,260). However, they earn 13% less than the average pay of the Securities and Financial Investments industry ($119,040).

The average salary of Financial Analysts is 77% higher than the average salary in the United States ($58,260).

FAQ

Do Accountants or Financial Analysts make more?

Financial Analysts make 23% more than Accountants. The average annual salary for Accountants is $83,980, while Financial Analysts earn $103,020 per year.