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The differences between accounting associates and staff accountants can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become an accounting associate, becoming a staff accountant takes usually requires 2-4 years. Additionally, a staff accountant has an average salary of $54,216, which is higher than the $50,537 average annual salary of an accounting associate.
The top three skills for an accounting associate include reconciliations, customer service and data entry. The most important skills for a staff accountant are reconciliations, account reconciliations, and GAAP.
| Accounting Associate | Staff Accountant | |
| Yearly salary | $50,537 | $54,216 |
| Hourly rate | $24.30 | $26.07 |
| Growth rate | -5% | 6% |
| Number of jobs | 49,143 | 115,930 |
| Job satisfaction | - | 4 |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 76% |
| Average age | 51 | 44 |
| Years of experience | 6 | 4 |
An accounting associate is responsible for supporting the operations of the accounting department, ensuring the stability of the financial services and status of an organization. Accounting associates process invoices, update client accounts on the database, manage financial reports, assist with tax auditing and processing, monitoring the financial statements and activities of the organization, escalate financial disputes, and verify accounts receivable. An accounting associate must have excellent knowledge of the accounting industry, as well as exceptional analytical and time-management skills to perform clerical duties as needed under minimal supervision.
Staff accountants are employees who are part of the company's accounting department. They are usually certified public accountants (CPAs). Staff accountants should be familiar with accounting tasks. Previous accounting experiences play a huge advantage in their success. They perform a variety of accounting responsibilities such as information verification and analysis, financial report preparation and presentation, financial account reconciliation, billing and payment receiving activities, vendor database management, and invoice processing requirements. They should also know how to do bookkeeping. Staff accountants should have good communication skills, analytical skills, and decision-making skills. They should also be organized and trustworthy since they will be handling confidential information.
Accounting associates and staff accountants have different pay scales, as shown below.
| Accounting Associate | Staff Accountant | |
| Average salary | $50,537 | $54,216 |
| Salary range | Between $34,000 And $74,000 | Between $42,000 And $68,000 |
| Highest paying City | Washington, DC | Washington, DC |
| Highest paying state | New York | New York |
| Best paying company | Point72 | Meta |
| Best paying industry | Finance | Government |
There are a few differences between an accounting associate and a staff accountant in terms of educational background:
| Accounting Associate | Staff Accountant | |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 76% |
| Most common major | Accounting | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between accounting associates' and staff accountants' demographics:
| Accounting Associate | Staff Accountant | |
| Average age | 51 | 44 |
| Gender ratio | Male, 26.5% Female, 73.5% | Male, 41.6% Female, 58.4% |
| Race ratio | Black or African American, 6.8% Unknown, 4.0% Hispanic or Latino, 14.4% Asian, 6.5% White, 67.7% American Indian and Alaska Native, 0.6% | Black or African American, 8.5% Unknown, 4.0% Hispanic or Latino, 10.8% Asian, 14.4% White, 61.9% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 7% | 7% |