The average annual salary for an Assistant Accounting Manager in the United States is $64,842.
Salaries for accounting assistant managers may differ based on their level of education, years of experience, and the company's size and industry.
The average salary for an Assistant Manager/Accounting Assistant Manager in the United States is $61,469 per year or $30 per hour. The highest 10 percent of individuals in this role earn over $89,000 per year, while the lowest 10 percent earn under $42,000 per year.
An Assistant Accounting Manager in the United States area can expect an estimated total pay of $56,474 per year, with an average salary of $49,837 per year.
These figures represent the median, which is the midpoint of the salary range determined by our proprietary Total Pay Estimate model and based on data collected from our users.
Generally, accounting assistants and senior accounts payable specialists have comparable levels of education. Accounting assistants are slightly more likely to have completed their higher education and earned a doctoral degree, with a 0.9% and 0.2% higher likelihood respectively.
A senior accounts payable specialist is responsible for managing the payment of invoices and ensuring that all financial obligations are met in a timely manner. This role typically involves overseeing the accounts payable process, reconciling financial records, and communicating with vendors and other stakeholders.
Being an Accounting Manager usually necessitates 5 years of experience in a related field as an individual contributor. There may be a requirement of 1-3 years of supervisory experience. It is crucial to possess a thorough understanding of the function and department processes.
For further details about the job responsibilities of an Accounting Manager, please refer to the job description provided by Salary.com, ©2023 Salary.com.
To increase your salary as a management accountant, one option is to specialize in areas such as financial reporting or budgeting. Another way to potentially boost your income is by becoming a manager within a finance business or starting your own practice. It is worth noting that experienced management accountants in the UK can earn a yearly salary of over £54,900.
The pay range for an Assistant Accounting Manager can vary significantly, with differences of up to $26,000 observed. This indicates the presence of numerous possibilities for career growth and higher compensation based on factors such as skill level, location, and years of experience.
Accounting assistants typically earn higher salaries compared to accounting clerks, but the difference may not be significant and is mainly influenced by the size of the employer. Opportunities for career growth are available for both clerks and assistants in the field of accounting.
Certain regions provide more opportunities and competitive salaries for accounting assistants. States such as California, Florida, New York, and Texas are known for having a higher number of job openings for these professionals. Moreover, major metropolitan areas within California, New York, and Texas also tend to have a significant demand for accounting assistants.
If you're interested in learning more about accounting assistant salaries, you can visit Accounting.com for further information.
The median annual wage for accountants and auditors, as reported in May 2021, was $77,250. According to projections, employment in this field is expected to grow by 6 percent from 2021 to 2031, which is about the average growth rate for all occupations. On average, there will be around 136,400 job openings per year for accountants and auditors over the next decade.
After three years as an associate, individuals have the opportunity to become fully qualified and experience a salary progression from £30,000 to £36,000 in the third year. The next career step involves becoming an accountant or an assistant manager, earning approximately £50,000 per year. In addition to this base salary, there are also bonuses available and a chance for further advancement to the position of manager in as little as 18 months.
The estimated total pay for an Assistant Accounting Manager in the United States area is $59,088 per year, with an average salary of $54,663 per year.
These figures represent the median, which is the midpoint of the ranges calculated using our proprietary Total Pay Estimate model and are based on salaries provided by our users.
Source: Salary data for Assistant Accounting Manager obtained from Glassdoor
Holding a degree or certification can validate the employable skills of accounting assistants, particularly in computer literacy and complex mathematics. Additionally, candidates with advanced education can differentiate themselves during the job application process. However, it should be noted that obtaining a certificate or degree requires a significant investment of time and money.
Both an accounting degree and non-degree professionals have opportunities in the accounting field. An accounting degree can lead to a career as a Certified Public Accountant (CPA), while professionals without a degree may find work as an accounting clerk or accounting assistant. Although these two roles are often confused or used interchangeably, it is important to recognize and discuss the notable differences between them.
Salary growth is commonly observed among accounting assistants as they further their careers. According to Payscale data, there is an average hourly salary increase of $3.20 when comparing entry-level accounting assistants to those who have accumulated 10 or more years of experience.
The median salary for an Accounting Assistant I in the United States is $43,600 as of July 25, 2023. However, the salary range typically falls between $39,100 and $49,000. It's important to note that salary ranges can vary greatly based on factors such as education, certifications, additional skills, and years of experience in the profession.
Accounting clerks can be promoted to accounting assistants after accumulating several years of professional experience. Some individuals choose to work as accounting assistants while pursuing a bachelor's or master's degree in accounting, finance, or a related field. The career of an accounting assistant offers potential growth and development opportunities.
Having knowledge of financial principles and accounting terminology is crucial for assistant accountants in performing various financial tasks within an organization and effectively communicating with other accounting professionals.
Assistant accountants rely on this knowledge base to fulfill their responsibilities and contribute to the overall financial management of the company.
This expertise enables them to accurately record financial transactions, analyze financial data, prepare financial statements, and assist in budgeting and forecasting.
Many accounting managers hold a master's degree and higher degrees generally correspond to higher-paying roles. Additionally, certification is important, with Certified Public Accountants (CPAs) typically earning more than non-CPA accountants.
Having an accounting and administrative assistant certification can provide a competitive edge when applying for positions and may also lead to higher salary potential.
Similarly, obtaining an assistant account manager certification can enhance job prospects and increase earning potential.
Acquiring an accounting assistant certification can also improve job prospects and salary potential.
The salary range for our most popular Accounting Assistant positions generally falls between $38,215 and $207,562. It is important to note that salary ranges can vary greatly based on various factors such as position, education, certifications, additional skills, and years of experience in the field.
When determining the salary of an Accounting Assistant, factors such as education, experience, location, and other relevant criteria are taken into consideration.
Accounting certifications are widely recognized credentials that play a crucial role in the professional development of accounting professionals. These certifications offer valuable opportunities for individuals to augment their careers and broaden their expertise in the field. However, selecting the most suitable certification can vary depending on factors such as career trajectory, specialization, qualification criteria, and available resources.
In order to make informed decisions about pursuing accounting certifications, it is essential to consider the various options available. To assist professionals in their career enhancement endeavors, this article presents a compilation of the top eight accounting certifications that are highly regarded in the industry.
Many accountants choose to obtain both the Certified Public Accountant (CPA) and Certified Management Accountant (CMA) certifications, especially if they are aiming for positions in large multinational companies. The CMA certification is known for its emphasis on applying theoretical concepts in real-world scenarios, complementing the theoretical focus of the CPA exam. To be eligible for the CMA certification, candidates are required to hold a bachelor's degree and have two consecutive years of experience in management accounting or financial management.
If you are an accountant looking to enhance your career, pursuing these certifications can be a valuable step. Having both the CPA and CMA credentials can broaden your skillset and increase your desirability to employers in various industries.
There is currently a high demand for management accountants and financial accountants, offering increased job opportunities for assistants who specialize in these roles. Specifically, there are a large number of vacancies available for assistant management accountants who are part-qualified or newly qualified in cities such as Leeds, London, Bristol, and Birmingham.