Bank accountant vs staff accountant

The differences between bank accountants and staff 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 staff accountant. Additionally, a staff accountant has an average salary of $54,216, 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 a staff accountant are reconciliations, account reconciliations, and GAAP.

Bank accountant vs staff accountant overview

	Bank Accountant	Staff Accountant
Yearly salary	$52,142	$54,216
Hourly rate	$25.07	$26.07
Growth rate	6%	6%
Number of jobs	43,750	115,930
Job satisfaction	-	4
Most common degree	Bachelor's Degree, 72%	Bachelor's Degree, 76%
Average age	44	44
Years of experience	4	4

Bank accountant vs staff accountant salary

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

	Bank Accountant	Staff Accountant
Average salary	$52,142	$54,216
Salary range	Between $39,000 And $68,000	Between $42,000 And $68,000
Highest paying City	-	Washington, DC
Highest paying state	-	New York
Best paying company	-	Meta
Best paying industry	-	Government

Differences between bank accountant and staff accountant education

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

	Bank Accountant	Staff Accountant
Most common degree	Bachelor's Degree, 72%	Bachelor's Degree, 76%
Most common major	Accounting	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Bank accountant vs staff accountant demographics

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

	Bank Accountant	Staff Accountant
Average age	44	44
Gender ratio	Male, 36.9% Female, 63.1%	Male, 41.6% Female, 58.4%
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, 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%

Differences between bank accountant and staff 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.

Staff accountant example responsibilities.

Manage and monitor accounting procedures for compliance with Sarbanes-Oxley and coordinate and facilitate external audit requirements.
Contribute revenue accruals using job cost system, fix assets including reclassification, reconciliation and depreciation.
Prepare month-end journal entries and assist in compilation of financial statements, reconcile bank statements and general ledgers.
Complete audit-quality account reconciliations monthly for balance sheet accounts including the capital projects in progress accounts and miscellaneous revenue accounts.
Assume responsibility for cash management encompassing wire and ACH transfers processing, bank activity confirmation, and monthly bank account reconciliations.
Handle all A/R and A/P, payroll, change orders, collections, lien placement and release, vendor account management.

Bank accountant vs staff 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 staff accountant skills

Reconciliations, 15%
Account Reconciliations, 7%
GAAP, 6%
General Ledger Accounts, 4%
External Auditors, 4%
Internal Controls, 4%