1. University of Pennsylvania
Philadelphia, PA • Private
Junior Accountants are financial experts who support businesses by managing daily accounting and financial tasks. This includes accounts receivable and accounts payable functions. They prepare, maintain, and reconcile financial statements and other financial documents. They assist with the preparation and submission of taxes and other financial reports. Also, they assist with financial and tax audits and reconciliation of general ledger. Furthermore, they ensure compliance with the company's guidelines and procedures and federal and state regulations. They also ensure adherence to Generally Accepted Accounting Principles (GAAP) for financial statements.
Employers seek candidates with a bachelor's degree in accounting and a minimum of two years of related work. Candidates must have proficiency using a computer and advanced knowledge of Excel and other accounting software programs. You must also possess problem-solving, attention to detail, communication, organization, and analytical skills. Junior Accountants take an average of $47,627 home annually. Their salary falls between $35,000 and $64,000.
There are certain skills that many junior 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 organizational skills.
If you're interested in becoming a junior accountant, one of the first things to consider is how much education you need. We've determined that 70.3% of junior accountants have a bachelor's degree. In terms of higher education levels, we found that 8.4% of junior accountants have master's degrees. Even though most junior accountants have a college degree, it's possible to become one with only a high school degree or GED.
In addition to switching up your job search, it might prove helpful to look at a career path for your specific job. Now, what's a career path you ask? Well, it's practically a map that shows how you might advance from one job title to another. Our career paths are especially detailed with salary changes. So, for example, if you started out with the role of staff accountant you might progress to a role such as accountant eventually. Later on in your career, you could end up with the title regional controller.
What Am I Worth?
The role of a junior accountant includes a wide range of responsibilities. These responsibilities can vary based on an individual's specific job, company, or industry.Here are some general junior accountant responsibilities:
There are several types of junior accountant, including:
Mouse over a state to see the number of active junior accountant jobs in each state. The darker areas on the map show where junior accountants earn the highest salaries across all 50 states.
|Rank||State||Number of Jobs||Average Salary|
Philadelphia, PA • Private
Evanston, IL • Private
Los Angeles, CA • Private
Vestal, NY • Private
Villanova, PA • Private
San Diego, CA • Private
Waltham, MA • Private
Boston, MA • Private
Stony Brook, NY • Private
New York, NY • Private
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, 17.7% of junior accountants listed reconciliations on their resume, but soft skills such as analytical skills and communication skills are important as well.
Zippia allows you to choose from different easy-to-use Junior Accountant templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Junior Accountant resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.
After extensive research and analysis, Zippia's data science team found that:
1. Financial Accounting Subsidiary Ledgers & Special Journals
Subsidiary ledgers for accounts receivable & accounts payable. Special Journals - Sales journal, purchases journal...See More on Udemy
2. Financial Accounting Payroll
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3. Financial Accounting-Adjusting Entries & Financial Statement
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Some places are better than others when it comes to starting a career as a junior accountant. The best states for people in this position are New York, New Jersey, California, and Washington. Junior accountants make the most in New York with an average salary of $62,666. Whereas in New Jersey and California, they would average $60,976 and $56,051, respectively. While junior accountants would only make an average of $55,708 in Washington, 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
3. New Jersey
|Rank||Company||Average Salary||Hourly Rate||Job Openings|
|3||Columbia University in the City of New York||$59,883||$28.79||12|
|4||JPMorgan Chase & Co.||$59,724||$28.71||10|