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The differences between account analysts and junior accountants can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both an account analyst and a junior accountant. Additionally, an account analyst has an average salary of $55,829, which is higher than the $50,444 average annual salary of a junior accountant.
The top three skills for an account analyst include customer service, patients and financial statements. The most important skills for a junior accountant are reconciliations, general ledger accounts, and account reconciliations.
| Account Analyst | Junior Accountant | |
| Yearly salary | $55,829 | $50,444 |
| Hourly rate | $26.84 | $24.25 |
| Growth rate | 6% | 6% |
| Number of jobs | 106,327 | 57,892 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 70% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
Account analysts are responsible for analyzing account statements and financial transactions of an organization, resolving billing discrepancies, and managing account receivables. They assess the company's financial stability and identify opportunities to improve data analysis techniques by adhering to accounting principles and the company's operational protocols. Account analysts prepare financial reports, evaluate accounts payable, assist in tax audits, and release invoices. They should have excellent analytical and communication skills, especially on posting accurate account reports on the database.
Junior accountants maintain the financial records of companies through the analysis of their general ledger accounts and balance sheets. The accountant's post journal entries, maintain accounts receivable and payable, and update financial statements. They pay payroll every month, reconcile ledgers, and submit payroll taxes. The skills necessary for this job include analytical skills, problem-solving, information confidentiality, and proficiency in accounting software and technology. They are also expected to be detail-oriented.
Account analysts and junior accountants have different pay scales, as shown below.
| Account Analyst | Junior Accountant | |
| Average salary | $55,829 | $50,444 |
| Salary range | Between $39,000 And $78,000 | Between $38,000 And $66,000 |
| Highest paying City | New York, NY | New York, NY |
| Highest paying state | New York | New York |
| Best paying company | Venable | Fuhu |
| Best paying industry | Finance | Construction |
There are a few differences between an account analyst and a junior accountant in terms of educational background:
| Account Analyst | Junior Accountant | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 70% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between account analysts' and junior accountants' demographics:
| Account Analyst | Junior Accountant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 38.0% Female, 62.0% | Male, 39.6% Female, 60.4% |
| Race ratio | Black or African American, 8.9% Unknown, 4.0% Hispanic or Latino, 11.2% Asian, 12.1% White, 63.4% American Indian and Alaska Native, 0.5% | Black or African American, 7.9% Unknown, 3.9% Hispanic or Latino, 10.2% Asian, 16.6% White, 60.9% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 7% | 7% |