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Pay Rate for an Accounting Analyst

by Forest Time, studioD

Accounting analysts act as in-house auditors for large organizations and government agencies. The job of an accounting analyst is to ensure that financial statements are accurate and adhere to all local, state and federal laws. These professionals typically need a bachelor's degree in accounting or finance to find work as accounting analysts.

National Pay Scale

As of 2012, accounting analysts and other auditing and accounting professionals reported an average annual salary of $71,040 to the Bureau of Labor Statistics, BLS. The median-earning half of accountants and auditors earned between $49,540 and $84,220 per year, and between $23.82 and $40.49 per hour, and the highest-paid 10 percent reported annual earnings of $111,510 or more.

Pay by Employment Situation

Accounting analysts and auditors working for federal government agencies reported a high average pay of $90,560 per year as of 2012. Those employed by state agencies averaged $55,850 per year, while local government employees averaged $60,660. Those employed by general hospitals reported an average income of $61,920 per year. Those employed by colleges and universities reported an average income of $57,700 per year.

Pay by Location

Driven by high salaries for federal employees, analysts in the District of Columbia reported the highest average income for accounting and auditing professionals in 2012 -- $87,370 per year. New York ranked second, with an average income of $85,140 per year, followed by New Jersey at $81,470. California reported the highest average pay outside of the Northeast, $75,870 per year. The state with the lowest average pay in the nation, $54,620, was North Dakota.

Job Outlook

Over the past decades, financial scandals have rocked the economy and the globalization of business, and as a result, financial complexities have continued to increase. Both trends have contributed to an increasing need for accountants and auditors, particularly those such as accounting analysts who are tasked with ensuring legal compliance. As a result, the Bureau of Labor Statistics expects jobs for accountants and auditors to grow at a rate of 16 percent through 2020, which compares to a projected average rate of 14 percent growth for all U.S. jobs.

About the Author

Forest Time has been writing for over a decade. During this time, he founded and edited a short-lived literary magazine, received several prizes for his poetry and published a master's thesis on Cambodian history. He received his Master of Arts in Asian history from the University of Maine at Orono in 2007.

Photo Credits

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