Industrial accountant vs accountant

The differences between industrial accountants and accountants can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both an industrial accountant and an accountant. Additionally, an accountant has an average salary of $54,890, which is higher than the $43,267 average annual salary of an industrial accountant.

The top three skills for an industrial accountant include financial statements, reconciliations and payroll. The most important skills for an accountant are reconciliations, general ledger accounts, and account reconciliations.

Industrial accountant vs accountant overview

	Industrial Accountant	Accountant
Yearly salary	$43,267	$54,890
Hourly rate	$20.80	$26.39
Growth rate	6%	6%
Number of jobs	42,226	60,073
Job satisfaction	-	3
Most common degree	Bachelor's Degree, 74%	Bachelor's Degree, 71%
Average age	44	44
Years of experience	4	4

Industrial accountant vs accountant salary

Industrial accountants and accountants have different pay scales, as shown below.

	Industrial Accountant	Accountant
Average salary	$43,267	$54,890
Salary range	Between $25,000 And $72,000	Between $41,000 And $72,000
Highest paying City	-	Washington, DC
Highest paying state	-	New York
Best paying company	-	Meta
Best paying industry	-	Technology

Differences between industrial accountant and accountant education

There are a few differences between an industrial accountant and an accountant in terms of educational background:

	Industrial Accountant	Accountant
Most common degree	Bachelor's Degree, 74%	Bachelor's Degree, 71%
Most common major	Business	Accounting
Most common college	Howard University	University of Pennsylvania

Industrial accountant vs accountant demographics

Here are the differences between industrial accountants' and accountants' demographics:

	Industrial Accountant	Accountant
Average age	44	44
Gender ratio	Male, 47.8% Female, 52.2%	Male, 38.2% Female, 61.8%
Race ratio	Black or African American, 5.7% Unknown, 3.8% Hispanic or Latino, 7.9% Asian, 13.1% White, 69.1% American Indian and Alaska Native, 0.4%	Black or African American, 8.6% Unknown, 4.0% Hispanic or Latino, 10.9% Asian, 15.0% White, 61.1% American Indian and Alaska Native, 0.5%
LGBT Percentage	7%	7%

Differences between industrial accountant and accountant duties and responsibilities

Industrial accountant example responsibilities.

Manage accounting operations, accounting close, account reporting and reconciliations.
Automate accounting processes via excel - bank statement reconciliations, recurring journal entries etc.
Collaborate with payroll conversion process from ADP to PeopleSoft; performing parallel testing and confirming accuracy of payroll information in PeopleSoft.
Respond to questions from business units regarding general accounting and/or PeopleSoft system matters and investigate and resolve GL accounting inconsistencies.

Accountant example responsibilities.

Manage preparation of the statutory financial statements and financial aggregates in compliance with IFRS and local applicable norms.
Manage personnel financial matters including salaries, taxation procedures and other relate issues.
Manage and monitor accounting procedures for compliance with Sarbanes-Oxley and coordinate and facilitate external audit requirements.
Reconstruct and improve many balance sheet account reconciliations for easier reading and interpretation by senior level management.
Perform complex general accounting functions, including preparation of journal entries, account analysis and balance sheet reconciliations.
Maintain general ledgers and preparation of monthly and other periodic financial reports in accordance with GAAP and international accounting standards.

Industrial accountant vs accountant skills

Common industrial accountant skills

Financial Statements, 49%
Reconciliations, 44%
Payroll, 7%

Common accountant skills

Reconciliations, 14%
General Ledger Accounts, 6%
Account Reconciliations, 6%
GAAP, 5%
Payroll Tax Returns, 5%
Customer Service, 5%