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The differences between fund accountants and senior accountant analysts 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 a senior accountant analyst. Additionally, a senior accountant analyst has an average salary of $75,282, 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 a senior accountant analyst are reconciliations, external auditors, and account reconciliations.
| Fund Accountant | Senior Accountant Analyst | |
| Yearly salary | $60,203 | $75,282 |
| Hourly rate | $28.94 | $36.19 |
| Growth rate | 6% | 6% |
| Number of jobs | 35,702 | 82,010 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 84% | Bachelor's Degree, 75% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
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.
As a senior accountant analyst, your main role is to provide professional guidance to a company. You need to have excellent preparation skills to create financial reports that clearly state the expenses and forecast the company's financial future. You should always aim for accuracy and compliance. Moreover, as a senior accountant analyst, you are supposed to give general operational assistance to the company's management.
Fund accountants and senior accountant analysts have different pay scales, as shown below.
| Fund Accountant | Senior Accountant Analyst | |
| Average salary | $60,203 | $75,282 |
| Salary range | Between $44,000 And $80,000 | Between $58,000 And $97,000 |
| Highest paying City | New York, NY | San Francisco, CA |
| Highest paying state | New York | Washington |
| Best paying company | Warburg Pincus | BMO Capital Markets |
| Best paying industry | Finance | Finance |
There are a few differences between a fund accountant and a senior accountant analyst in terms of educational background:
| Fund Accountant | Senior Accountant Analyst | |
| Most common degree | Bachelor's Degree, 84% | Bachelor's Degree, 75% |
| Most common major | Accounting | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between fund accountants' and senior accountant analysts' demographics:
| Fund Accountant | Senior Accountant Analyst | |
| Average age | 44 | 44 |
| Gender ratio | Male, 61.5% Female, 38.5% | Male, 49.4% Female, 50.6% |
| 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, 8.5% Unknown, 4.0% Hispanic or Latino, 10.8% Asian, 14.1% White, 62.2% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 7% | 7% |