Average Salary
$68,380
Average Salary
Job Growth Rate
6%
Job Growth Rate
Job Openings
37,537
Job Openings

Fund Accountant Careers

Just like this name stipulates, a Fund Accountant is responsible for providing accounting for an investment portfolio. Some of these investments include securities, real estate in an investment fund, e.g., mutual fund or hedge fund. Fund accountant is tasked with the responsibility of preparing timely values, accurate, and fund accounting output. We all know that accounting requires strong attention, so extreme focus is needed. But for this particular job, you need more than just strong attention.

Some of the skills needed for this include analytical skills, which are needed in conducting cash flow analysis, ability to reconcile assets/cash balances, ability to review transactions for accuracy, knowledge of investment products and trading of financial instruments, strong understanding of legislative policy and regulations in the financial sector.

Indeed, you need some academic qualifications to fit into this job. First, you have to understand that because accounting is a very caring profession, you need more than just bachelor's and master's degrees to scale through. Nevertheless, you still need a Bachelor's or Master's degree in Accounting, Economics, or Finance. But then, you will also be needing a certified public accountant (CPA), ACCA, CIMA, or ACA certificate to give you an edge. As for the salary of a Fund Accountant, it ranges from $45,000 and $62,000 per annum, depending on their experience.

There is more than meets the eye when it comes to being a fund accountant. For example, did you know that they make an average of $32.88 an hour? That's $68,380 a year!

Between 2018 and 2028, the career is expected to grow 6% and produce 90,700 job opportunities across the U.S.

What Does a Fund Accountant Do

There are certain skills that many fund accountants have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed analytical skills, communication skills and detail oriented.

When it comes to the most important skills required to be a fund accountant, we found that a lot of resumes listed 11.8% of fund accountants included financial statements, while 7.2% of resumes included general ledger accounts, and 6.8% of resumes included hedge funds. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.

When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the fund accountant job title. But what industry to start with? Most fund accountants actually find jobs in the finance and professional industries.

How To Become a Fund Accountant

If you're interested in becoming a fund accountant, one of the first things to consider is how much education you need. We've determined that 84.3% of fund accountants have a bachelor's degree. In terms of higher education levels, we found that 10.8% of fund accountants have master's degrees. Even though most fund accountants have a college degree, it's impossible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become a fund accountant. When we researched the most common majors for a fund accountant, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on fund accountant resumes include associate degree degrees or diploma degrees.

You may find that experience in other jobs will help you become a fund accountant. In fact, many fund accountant jobs require experience in a role such as accountant. Meanwhile, many fund accountants also have previous career experience in roles such as staff accountant or internship.

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Average Salary
$68,380
Average Salary
Job Growth Rate
6%
Job Growth Rate
Job Openings
37,537
Job Openings

Fund Accountant Career Paths

Top Careers Before Fund Accountant

Top Careers After Fund Accountant

Fund Accountant Jobs You Might Like

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Tell us your goals and we'll match you with the rights job to get there.

Average Salary for a Fund Accountant

Fund Accountants in America make an average salary of $68,380 per year or $33 per hour. The top 10 percent makes over $91,000 per year, while the bottom 10 percent under $51,000 per year.
Average Salary
$68,380
Find Your Salary Estimate
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Best Paying Cities For Fund Accountants

City
ascdesc
Average Salarydesc
Harrison, NY
Salary Range65k - 99k$80k$80,322
San Francisco, CA
Salary Range60k - 94k$76k$75,584
Jersey City, NJ
Salary Range61k - 92k$75k$75,402
Washington, DC
Salary Range60k - 92k$75k$74,656
Windsor, CT
Salary Range58k - 88k$72k$71,883
Annandale, VA
Salary Range56k - 85k$70k$69,661
Anchorage, AK
Salary Range60k - 75k$68k$67,514
Boston, MA
Salary Range50k - 77k$63k$62,505
Baltimore, MD
Salary Range48k - 73k$60k$59,572
Milwaukee, WI
Salary Range47k - 73k$59k$58,738
Denver, CO
Salary Range45k - 70k$57k$56,849
Houston, TX
Salary Range46k - 69k$57k$56,706
Chicago, IL
Salary Range45k - 70k$57k$56,562
Jacksonville, FL
Salary Range45k - 69k$56k$56,001
Charlotte, NC
Salary Range45k - 68k$56k$55,600
Charleston, SC
Salary Range44k - 68k$55k$55,333
Atlanta, GA
Salary Range44k - 67k$55k$55,053
Salt Lake City, UT
Salary Range43k - 67k$54k$54,223
Tucson, AZ
Salary Range41k - 63k$52k$51,631
Minneapolis, MN
Salary Range41k - 63k$52k$51,558
$41k
$99k

Recently Added Salaries

CompanyascdescCompanyascdescStart DateascdescSalaryascdesc
Fund Accountant
Appleone
08/05/2021
$104,35008/05/2021
Fund Accountant
Robert Half
08/05/2021
$75,00008/05/2021
Private Equity Fund Accountant
Robert Half
08/05/2021
$70,00008/05/2021
Fund Accountant
Careerbuilder-Us
08/05/2021
$110,23508/05/2021
Fund Accountant
Jobot
08/04/2021
$65,00008/04/2021
See More Recent Salaries

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Fund Accountant Resumes

Designing and figuring out what to include on your resume can be tough, not to mention time-consuming. That's why we put together a guide that is designed to help you craft the perfect resume for becoming a Fund Accountant. If you're needing extra inspiration, take a look through our selection of templates that are specific to your job.

Learn How To Write a Fund Accountant Resume

At Zippia, we went through countless Fund Accountant resumes and compiled some information about how to optimize them. Here are some suggestions based on what we found, divided by the individual sections of the resume itself.

View Fund Accountant Resume Examples And Templates

Fund Accountant Demographics

Gender

male

57.3 %

female

36.6 %

unknown

6.1 %

Ethnicity

White

64.4 %

Asian

15.8 %

Hispanic or Latino

9.6 %

Foreign Languages Spoken

Spanish

24.6 %

Chinese

12.1 %

Mandarin

10.1 %
Show More Fund Accountant Demographics

Fund Accountant Education

Majors

Business
25.7 %
Finance
21.7 %

Degrees

Bachelors

84.3 %

Masters

10.8 %

Associate

3.3 %

Top Colleges for Fund Accountants

1. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

2. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451

3. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

4. SUNY at Binghamton

Vestal, NY • Private

In-State Tuition
$9,808
Enrollment
13,990

5. Villanova University

Villanova, PA • Private

In-State Tuition
$53,308
Enrollment
6,819

6. San Diego State University

San Diego, CA • Private

In-State Tuition
$7,488
Enrollment
30,018

7. Bentley University

Waltham, MA • Private

In-State Tuition
$49,880
Enrollment
4,177

8. Boston University

Boston, MA • Private

In-State Tuition
$53,948
Enrollment
17,238

9. SUNY Stony Brook

Stony Brook, NY • Private

In-State Tuition
$9,625
Enrollment
17,407

10. New York University

New York, NY • Private

In-State Tuition
$51,828
Enrollment
26,339
Show More Fund Accountant Education Requirements

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3 courses in 1 - Basic Bookkeeping to Advanced Financial Accounting and Financial Statements Preparation in just 8 hours...

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Payroll calculations - federal income tax, social security, Medicare - Payroll journal entries posted to ledger accounts...

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Top Skills For a Fund Accountant

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 11.8% of fund accountants listed financial statements on their resume, but soft skills such as analytical skills and communication skills are important as well.

  • Financial Statements, 11.8%
  • General Ledger Accounts, 7.2%
  • Hedge Funds, 6.8%
  • Gaap, 6.6%
  • Journal Entries, 6.1%
  • Other Skills, 61.5%
  • See All Fund Accountant Skills

Best States For a Fund Accountant

Some places are better than others when it comes to starting a career as a fund accountant. The best states for people in this position are New York, New Jersey, Connecticut, and Oregon. Fund accountants make the most in New York with an average salary of $79,943. Whereas in New Jersey and Connecticut, they would average $75,196 and $71,934, respectively. While fund accountants would only make an average of $69,414 in Oregon, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. New York

Total Fund Accountant Jobs:
898
Highest 10% Earn:
$118,000
Location Quotient:
1.07
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. Connecticut

Total Fund Accountant Jobs:
288
Highest 10% Earn:
$106,000
Location Quotient:
1.33
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. District of Columbia

Total Fund Accountant Jobs:
238
Highest 10% Earn:
$110,000
Location Quotient:
2.17
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
Full List Of Best States For Fund Accountants

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Top Fund Accountant Employers

1. State Street
4.7
Avg. Salary: 
$73,268
Fund Accountants Hired: 
711+
2. Backlund Investment Co
4.2
Avg. Salary: 
$76,211
Fund Accountants Hired: 
333+
3. The Bank of New York Mellon
4.9
Avg. Salary: 
$75,496
Fund Accountants Hired: 
272+
4. JPMorgan Chase & Co.
4.9
Avg. Salary: 
$71,751
Fund Accountants Hired: 
141+
5. Citigroup
4.8
Avg. Salary: 
$75,538
Fund Accountants Hired: 
113+
6. SS&C Technologies
4.6
Avg. Salary: 
$78,970
Fund Accountants Hired: 
85+

Fund Accountant Videos

Updated August 18, 2021