Bank accountant vs junior accountant

The differences between bank accountants 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 a bank accountant and a junior accountant. Additionally, a bank accountant has an average salary of $52,142, which is higher than the $50,444 average annual salary of a junior accountant.

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

Bank accountant vs junior accountant overview

	Bank Accountant	Junior Accountant
Yearly salary	$52,142	$50,444
Hourly rate	$25.07	$24.25
Growth rate	6%	6%
Number of jobs	43,750	57,892
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 72%	Bachelor's Degree, 70%
Average age	44	44
Years of experience	4	4

Bank accountant vs junior accountant salary

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

	Bank Accountant	Junior Accountant
Average salary	$52,142	$50,444
Salary range	Between $39,000 And $68,000	Between $38,000 And $66,000
Highest paying City	-	New York, NY
Highest paying state	-	New York
Best paying company	-	Fuhu
Best paying industry	-	Construction

Differences between bank accountant and junior accountant education

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

	Bank Accountant	Junior Accountant
Most common degree	Bachelor's Degree, 72%	Bachelor's Degree, 70%
Most common major	Accounting	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Bank accountant vs junior accountant demographics

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

	Bank Accountant	Junior Accountant
Average age	44	44
Gender ratio	Male, 36.9% Female, 63.1%	Male, 39.6% Female, 60.4%
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, 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%

Differences between bank accountant and junior 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.

Junior accountant example responsibilities.

Manage and monitor accounting procedures for compliance with Sarbanes-Oxley and coordinate and facilitate external audit requirements.
Perform and assist with month-end close procedures, including preparation of monthly balance sheet and income statement account reconciliations.
Identify hundreds of daily transactions from banking statements using QuickBooks and present monthly financial reports
Perform bank and credit card reconciliations and assist with month-end accruals in addition to inter-company reconciliations.
Prepare financial schedules, account reconciliations, and detail financial statements and reports for analysis, financial reporting, and decision-making.
Deposit checks into lockbox and post to funds to proper accounts daily.

Bank accountant vs junior 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 junior accountant skills

Reconciliations, 18%
General Ledger Accounts, 8%
Account Reconciliations, 5%
Data Entry, 5%
QuickBooks, 4%
Payroll Taxes, 4%