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Accountant vs lawyer

The differences between accountants and lawyers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both an accountant and a lawyer. Additionally, a lawyer has an average salary of $115,808, which is higher than the $54,890 average annual salary of an accountant.

The top three skills for an accountant include reconciliations, general ledger accounts and account reconciliations. The most important skills for a lawyer are litigation, law firm, and legal issues.

Accountant vs lawyer overview

AccountantLawyer
Yearly salary$54,890$115,808
Hourly rate$26.39$55.68
Growth rate6%10%
Number of jobs60,0732,897
Job satisfaction3-
Most common degreeBachelor's Degree, 71%Bachelor's Degree, 51%
Average age4446
Years of experience44

What does an accountant do?

An accountant is an individual whose primary task is to prepare, keep, examine, and interpret financial records. Most accountants are in charge of a wide scope of finance-related tasks, either for private individuals or for large-scale businesses and organizations they are employed with. They make sure that financial statements and records are accurate and comply with laws and regulations. They also compute for taxes, prepare tax returns, and ensure being paid properly and on time. As they keep track and record the flow of money, they can offer guidance on how to reduce costs, enhance revenue, and help in profit maximization.

What does a lawyer do?

A lawyer is a legal practitioner who specializes in understanding and interpreting laws and other legal matters. Their responsibilities revolve around providing legal counseling and advice, representing clients in different kinds of court proceedings, conducting research, collecting evidence, and coordinating with various experts. A lawyer must also manage and oversee the performance of assistants, paralegals, and other team members. Furthermore, there are instances when a lawyer must draft or manage documents such as contracts, trusts, deeds, and wills, assisting clients as needed.

Accountant vs lawyer salary

Accountants and lawyers have different pay scales, as shown below.

AccountantLawyer
Average salary$54,890$115,808
Salary rangeBetween $41,000 And $72,000Between $64,000 And $208,000
Highest paying CityWashington, DCWashington, DC
Highest paying stateNew YorkNew York
Best paying companyMetaNelson Mullins Riley & Scarborough
Best paying industryTechnology-

Differences between accountant and lawyer education

There are a few differences between an accountant and a lawyer in terms of educational background:

AccountantLawyer
Most common degreeBachelor's Degree, 71%Bachelor's Degree, 51%
Most common majorAccountingLaw
Most common collegeUniversity of PennsylvaniaStanford University

Accountant vs lawyer demographics

Here are the differences between accountants' and lawyers' demographics:

AccountantLawyer
Average age4446
Gender ratioMale, 38.2% Female, 61.8%Male, 48.5% Female, 51.5%
Race ratioBlack or African American, 8.6% Unknown, 4.0% Hispanic or Latino, 10.9% Asian, 15.0% White, 61.1% American Indian and Alaska Native, 0.5%Black or African American, 5.4% Unknown, 4.4% Hispanic or Latino, 7.7% Asian, 6.3% White, 76.0% American Indian and Alaska Native, 0.3%
LGBT Percentage7%10%

Differences between accountant and lawyer duties and responsibilities

Accountant example responsibilities.

  • Manage preparation of the statutory financial statements and financial aggregates in compliance with IFRS and local applicable norms.
  • Manage personnel financial matters including salaries, taxation procedures and other relate issues.
  • Manage and monitor accounting procedures for compliance with Sarbanes-Oxley and coordinate and facilitate external audit requirements.
  • Reconstruct and improve many balance sheet account reconciliations for easier reading and interpretation by senior level management.
  • Perform complex general accounting functions, including preparation of journal entries, account analysis and balance sheet reconciliations.
  • Maintain general ledgers and preparation of monthly and other periodic financial reports in accordance with GAAP and international accounting standards.
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Lawyer example responsibilities.

  • Participate in drafting legal documents and prepare business contracts, perform taxation duties for the enterprise and settle disputes with employees.
  • Handle all types of civil claims and provide notary services
  • Review of complaints relate to judicial ethics and employee misconduct.
  • Draft, proofread and ensure filing and service of criminal motions.
  • Draft a variety of pleadings and motions on behalf of the plaintiff.
  • Assist clients at the notary public office and negotiate licensing agreements for virtual data rooms.
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Accountant vs lawyer skills

Common accountant skills
  • Reconciliations, 14%
  • General Ledger Accounts, 6%
  • Account Reconciliations, 6%
  • GAAP, 5%
  • Payroll Tax Returns, 5%
  • Customer Service, 5%
Common lawyer skills
  • Litigation, 14%
  • Law Firm, 8%
  • Legal Issues, 7%
  • Real Estate, 6%
  • Legal Research, 6%
  • Civil Law, 5%

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