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The differences between audit interns and junior accountants can be seen in a few details. Each job has different responsibilities and duties. Additionally, a junior accountant has an average salary of $50,444, which is higher than the $48,313 average annual salary of an audit internship.
The top three skills for an audit internship include audit procedures, risk assessments and CPA. The most important skills for a junior accountant are reconciliations, general ledger accounts, and account reconciliations.
| Audit Internship | Junior Accountant | |
| Yearly salary | $48,313 | $50,444 |
| Hourly rate | $23.23 | $24.25 |
| Growth rate | 6% | 6% |
| Number of jobs | 59,053 | 57,892 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 70% |
| Average age | 44 | 44 |
| Years of experience | - | 4 |
An audit intern is responsible for assisting the finance department in processing financial reports, analyzing account statements, releasing invoices, and conducting tax audits. Audit interns shadow tenured staff on the operation procedures to familiarize themselves with work processes. They are also tasked to do administrative and clerical duties under the supervision of a direct supervisor, such as writing reports, ensuring the accuracy of financial statements, responding to clients' inquiries and concerns, and escalating high-level complaints to the supervisor for immediate resolution.
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.
Audit interns and junior accountants have different pay scales, as shown below.
| Audit Internship | Junior Accountant | |
| Average salary | $48,313 | $50,444 |
| Salary range | Between $32,000 And $71,000 | Between $38,000 And $66,000 |
| Highest paying City | New York, NY | New York, NY |
| Highest paying state | Alaska | New York |
| Best paying company | RSM US | Fuhu |
| Best paying industry | Professional | Construction |
There are a few differences between an audit internship and a junior accountant in terms of educational background:
| Audit Internship | Junior Accountant | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 70% |
| Most common major | Accounting | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between audit interns' and junior accountants' demographics:
| Audit Internship | Junior Accountant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 51.9% Female, 48.1% | Male, 39.6% Female, 60.4% |
| Race ratio | Black or African American, 7.4% Unknown, 3.9% Hispanic or Latino, 9.7% Asian, 17.9% White, 60.5% American Indian and Alaska Native, 0.4% | 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% |