Budget accountant vs fund accountant

The differences between budget accountants and fund 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 budget accountant and a fund accountant. Additionally, a fund accountant has an average salary of $60,203, which is higher than the $59,192 average annual salary of a budget accountant.

The top three skills for a budget accountant include financial data, fixed assets and journal entries. The most important skills for a fund accountant are reconciliations, calculation, and securities.

Budget accountant vs fund accountant overview

	Budget Accountant	Fund Accountant
Yearly salary	$59,192	$60,203
Hourly rate	$28.46	$28.94
Growth rate	6%	6%
Number of jobs	33,777	35,702
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 77%	Bachelor's Degree, 84%
Average age	44	44
Years of experience	4	4

Budget accountant vs fund accountant salary

Budget accountants and fund accountants have different pay scales, as shown below.

	Budget Accountant	Fund Accountant
Average salary	$59,192	$60,203
Salary range	Between $43,000 And $80,000	Between $44,000 And $80,000
Highest paying City	New York, NY	New York, NY
Highest paying state	New York	New York
Best paying company	Genentech	Warburg Pincus
Best paying industry	Finance	Finance

Differences between budget accountant and fund accountant education

There are a few differences between a budget accountant and a fund accountant in terms of educational background:

	Budget Accountant	Fund Accountant
Most common degree	Bachelor's Degree, 77%	Bachelor's Degree, 84%
Most common major	Accounting	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Budget accountant vs fund accountant demographics

Here are the differences between budget accountants' and fund accountants' demographics:

	Budget Accountant	Fund Accountant
Average age	44	44
Gender ratio	Male, 49.6% Female, 50.4%	Male, 61.5% Female, 38.5%
Race ratio	Black or African American, 8.5% Unknown, 4.0% Hispanic or Latino, 10.8% Asian, 13.7% White, 62.7% American Indian and Alaska Native, 0.5%	Black or African American, 7.6% Unknown, 3.9% Hispanic or Latino, 9.9% Asian, 18.4% White, 59.7% American Indian and Alaska Native, 0.5%
LGBT Percentage	7%	7%

Differences between budget accountant and fund accountant duties and responsibilities

Budget accountant example responsibilities.

Manage the review, enhancement, and creation of department policy and procedure documentation require for Sarbanes-Oxley auditing and compliance.
Prepare budgets, reconciliations and outcome reports for grants.
Facilitate data transfer and reconciliation between systems (TSI/T-II and PeopleSoft).
Review staffing compensations, medical benefits, professional insurances, headcount, and FTE metrics.
Collaborate extensively with CPA's office during preliminary and year-end audit/review process to ensure completeness of financial statements and tax returns.
Develop ROI analysis model for propose capital investments and authore requirements policy and process flow, which streamline decision-making process.

Fund accountant example responsibilities.

Manage fund accounting activities for five funds for an investment manager with $80b in AUM.
Manage accoutningtransition from Quickbooks to Yardi.
Prepare internal financial reports for treasury manage accounts include in external compliance reports.
Record efficiently accounting records, securities positions, corporate actions and journal entries accordance with department policies and procedures.
Process complex transactions for foreign and domestic bonds, equities, futures, and options.
Prepare annual and semi-annual financial statements using GAAP.

Budget accountant vs fund accountant skills

Common budget accountant skills

Financial Data, 14%
Fixed Assets, 14%
Journal Entries, 14%
Reconciliations, 13%
Budget Preparation, 6%
Balance Sheet, 6%

Common fund accountant skills

Reconciliations, 12%
Calculation, 5%
Securities, 5%
GAAP, 5%
Accruals, 5%
Journal Entries, 4%