Bank accountant vs accountant

The differences between bank accountants and accountants can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a bank accountant and an accountant. Additionally, an accountant has an average salary of $54,890, which is higher than the $52,142 average annual salary of a bank accountant.

The top three skills for a bank accountant include reconciliations, general ledger and financial statements. The most important skills for an accountant are reconciliations, general ledger accounts, and account reconciliations.

Bank accountant vs accountant overview

	Bank Accountant	Accountant
Yearly salary	$52,142	$54,890
Hourly rate	$25.07	$26.39
Growth rate	6%	6%
Number of jobs	43,750	60,073
Job satisfaction	-	3
Most common degree	Bachelor's Degree, 72%	Bachelor's Degree, 71%
Average age	44	44
Years of experience	4	4

Bank accountant vs accountant salary

Bank accountants and accountants have different pay scales, as shown below.

	Bank Accountant	Accountant
Average salary	$52,142	$54,890
Salary range	Between $39,000 And $68,000	Between $41,000 And $72,000
Highest paying City	-	Washington, DC
Highest paying state	-	New York
Best paying company	-	Meta
Best paying industry	-	Technology

Differences between bank accountant and accountant education

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

	Bank Accountant	Accountant
Most common degree	Bachelor's Degree, 72%	Bachelor's Degree, 71%
Most common major	Accounting	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Bank accountant vs accountant demographics

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

	Bank Accountant	Accountant
Average age	44	44
Gender ratio	Male, 36.9% Female, 63.1%	Male, 38.2% Female, 61.8%
Race ratio	Black or African American, 8.4% Unknown, 4.0% Hispanic or Latino, 10.8% Asian, 14.1% White, 62.2% American Indian and Alaska Native, 0.5%	Black 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%
LGBT Percentage	7%	7%

Differences between bank accountant and accountant duties and responsibilities

Bank accountant example responsibilities.

Manage accounting operations, accounting close, account reporting and reconciliations.
Assist in the creation, verification, and transmission of ACH files.
Collaborate with payroll conversion process from ADP to PeopleSoft; performing parallel testing and confirming accuracy of payroll information in PeopleSoft.
Review of contract documentation to determine billing requirements, reporting requirements and ERP setup for automate invoicing.

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.

Bank accountant vs accountant skills

Common bank accountant skills

Reconciliations, 17%
General Ledger, 16%
Financial Statements, 15%
Financial Reports, 5%
Reconcile General Ledger, 5%
Balance Sheet, 5%

Common accountant skills

Reconciliations, 14%
General Ledger Accounts, 6%
Account Reconciliations, 6%
GAAP, 5%
Payroll Tax Returns, 5%
Customer Service, 5%