Chartered accountant vs fund accountant

The differences between chartered 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 chartered accountant and a fund accountant. Additionally, a chartered accountant has an average salary of $65,776, which is higher than the $60,203 average annual salary of a fund accountant.

The top three skills for a chartered accountant include internal audit, financial statements and income tax returns. The most important skills for a fund accountant are reconciliations, calculation, and securities.

Chartered accountant vs fund accountant overview

	Chartered Accountant	Fund Accountant
Yearly salary	$65,776	$60,203
Hourly rate	$31.62	$28.94
Growth rate	6%	6%
Number of jobs	33,005	35,702
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 72%	Bachelor's Degree, 84%
Average age	44	44
Years of experience	4	4

Chartered accountant vs fund accountant salary

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

	Chartered Accountant	Fund Accountant
Average salary	$65,776	$60,203
Salary range	Between $42,000 And $102,000	Between $44,000 And $80,000
Highest paying City	-	New York, NY
Highest paying state	-	New York
Best paying company	-	Warburg Pincus
Best paying industry	-	Finance

Differences between chartered accountant and fund accountant education

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

	Chartered Accountant	Fund Accountant
Most common degree	Bachelor's Degree, 72%	Bachelor's Degree, 84%
Most common major	Accounting	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Chartered accountant vs fund accountant demographics

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

	Chartered Accountant	Fund Accountant
Average age	44	44
Gender ratio	Male, 61.0% Female, 39.0%	Male, 61.5% Female, 38.5%
Race ratio	Black or African American, 7.5% Unknown, 3.9% Hispanic or Latino, 9.8% Asian, 18.1% White, 60.2% 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 chartered accountant and fund accountant duties and responsibilities

Chartered accountant example responsibilities.

Manage the review, enhancement, and creation of department policy and procedure documentation require for Sarbanes-Oxley auditing and compliance.
Provision of professional and timely taxation advice and services to clients.
Monitor deposits and withdrawals of revenue and expenses, review payroll, and ensure accurate processing and timely bank reconciliations.
Monitor bond and covenant requirements, providing tax return and audit information to external contacts.

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.

Chartered accountant vs fund accountant skills

Common chartered accountant skills

Internal Audit, 33%
Financial Statements, 14%
Income Tax Returns, 11%
Balance Sheet, 6%
Audit Reports, 5%
Tax Audits, 5%

Common fund accountant skills

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