Accountants vs Financial Specialists salary

As stated by the US Bureau of Labor Statistics, the average annual salary for Accountants is $83,980, compared to $87,350 for Financial Specialists. This shows that these two roles earn similar wages.

However, it's important to mention that the amount of pay an employee receives can be influenced by factors like location, experience, and the specific setting in which they work. For example, Accountants working in Washington DC (with a wage of $110,240 on average) may have higher salaries than those in Nevada ($65,470).

Accountants vs Financial Specialists overview

Accountants and Financial Specialists are two important occupations in the Professional, Scientific, and Technical Services industry. Many people are interested in understanding the differences between these occupations, as well as the average pay for each.

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

As stated by the US Bureau of Labor Statistics, the United States employed 1.32M Accountants in 2021, and the mean income they earned annually was $83,980. The bottom 10 percent had earnings of $47,970 or less, and the top 10 percent had earnings of $128,970 or more. The average salary marks an increase of 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). However, 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%. Over the past 3 years, job growth has averaged 1.5%.

Financial Specialist average salary

As reported by the US Bureau of Labor Statistics, the United States had a workforce of 2.9M Financial Specialists in 2021 and they earned an average of $87,350 per year. The lowest earning 10 percent made $43,720 or less, and the highest earning 10 percent made $140,710 or more per year. Compared to the previous year, the mean salary has increased by 2.2%.

Do Financial Specialists make good money?

The mean salary of Financial Specialists is about a half above the average pay in the United States ($58,260). In contrast, they make 4% less than the mean salary of the Professional, Scientific, and Technical Services industry ($91,150).

The mean salary of Financial Specialists is about a half above the average pay in the United States ($58,260).

Financial Specialists job growth

In 2021, there have been 145,370 more Financial Specialist job opportunities than the previous year across the nation, and that shows an increase of 5.3%. Job growth has averaged 2.5% over the past 3 years.

FAQ

Do Accountants or Financial Specialists make more?

These two occupations have comparable salaries. Accountants average around $83,980 per year, while Financial Specialists make $87,350 per year.