Fund accountant vs investment banker

The differences between fund accountants and investment bankers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a fund accountant and an investment banker. Additionally, an investment banker has an average salary of $162,715, which is higher than the $60,203 average annual salary of a fund accountant.

The top three skills for a fund accountant include reconciliations, calculation and securities. The most important skills for an investment banker are financial services, discounted cash flow, and capital markets.

Fund accountant vs investment banker overview

	Fund Accountant	Investment Banker
Yearly salary	$60,203	$162,715
Hourly rate	$28.94	$78.23
Growth rate	6%	10%
Number of jobs	35,702	28,460
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 84%	Bachelor's Degree, 69%
Average age	44	43
Years of experience	4	4

What does a fund accountant do?

A fund accountant provides accounting for an investment portfolio. The investments needed include commodities, securities, and/or real estate in an investment fund like a hedge fund or mutual fund. The role of fund accountants includes activity capturing and recording. Fund accountants prepare accurate and timely values, distributions, yields, and fund accounting output for review. They manage activities associated with fund accounting and domestic equity transactions. Also, they work alongside supervisors when it comes to budget development.

What does an investment banker do?

An investment banker is responsible for selling and issuing securities and financial assets to the stock markets to generate money and raise capital for organizations and financial institutions. Investment bankers also work with private clients to advise them of investment options and financial transactions according to the market's condition and clients' interests. They handle the clients' investment portfolios and create propositions for acquisitions and company mergers. An investment banker must have excellent knowledge of the financial and stock industry, as well as having excellent analytical skills to review statistical data and determine the best financial strategies.

Fund accountant vs investment banker salary

Fund accountants and investment bankers have different pay scales, as shown below.

	Fund Accountant	Investment Banker
Average salary	$60,203	$162,715
Salary range	Between $44,000 And $80,000	Between $95,000 And $276,000
Highest paying City	New York, NY	Boston, MA
Highest paying state	New York	Alaska
Best paying company	Warburg Pincus	Citi
Best paying industry	Finance	Real Estate

Differences between fund accountant and investment banker education

There are a few differences between a fund accountant and an investment banker in terms of educational background:

	Fund Accountant	Investment Banker
Most common degree	Bachelor's Degree, 84%	Bachelor's Degree, 69%
Most common major	Accounting	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Fund accountant vs investment banker demographics

Here are the differences between fund accountants' and investment bankers' demographics:

	Fund Accountant	Investment Banker
Average age	44	43
Gender ratio	Male, 61.5% Female, 38.5%	Male, 76.2% Female, 23.8%
Race ratio	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%	Black or African American, 5.5% Unknown, 4.1% Hispanic or Latino, 11.5% Asian, 12.4% White, 66.2% American Indian and Alaska Native, 0.2%
LGBT Percentage	7%	6%

Differences between fund accountant and investment banker duties and responsibilities

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.

Show more

Investment banker example responsibilities.

Utilize Bloomberg system and company proprietary research to actively monitor portfolios and manage trading activities to achieve customers' goals.
Provide service for existing brokerage accounts, manage accounts, annuities, and securities-base lines of credit.
Attain NMLS identification number for mortgage origination.
Generate reporting data from Salesforce platform to facilitate growth and manage firm operations.
Manage customer portfolios, service relationships, and used profiling analysis tools to identify cross-selling opportunities.
Manage a variety of internal initiatives including merchandising, cross-selling, customer retention programs and promotional campaigns.

Show more

Fund accountant vs investment banker skills

Common fund accountant skills

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

Common investment banker skills

Financial Services, 6%
Discounted Cash Flow, 6%
Capital Markets, 6%
Financial Statements, 6%
Client Relationships, 4%
Securities, 4%

Fund Accountant vs. similar jobs

Fund Accountant related careers

Fund Accountant related jobs

What similar roles do

Updated January 8, 2025

Browse business and financial jobs

A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z