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The differences between junior accountants and fund accountants can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a junior accountant and a fund accountant. Additionally, a fund accountant has an average salary of $60,203, which is higher than the $50,444 average annual salary of a junior accountant.
The top three skills for a junior accountant include reconciliations, general ledger accounts and account reconciliations. The most important skills for a fund accountant are reconciliations, calculation, and securities.
| Junior Accountant | Fund Accountant | |
| Yearly salary | $50,444 | $60,203 |
| Hourly rate | $24.25 | $28.94 |
| Growth rate | 6% | 6% |
| Number of jobs | 57,892 | 35,702 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 84% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
Junior accountants maintain the financial records of companies through the analysis of their general ledger accounts and balance sheets. The accountant's post journal entries, maintain accounts receivable and payable, and update financial statements. They pay payroll every month, reconcile ledgers, and submit payroll taxes. The skills necessary for this job include analytical skills, problem-solving, information confidentiality, and proficiency in accounting software and technology. They are also expected to be detail-oriented.
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.
Junior accountants and fund accountants have different pay scales, as shown below.
| Junior Accountant | Fund Accountant | |
| Average salary | $50,444 | $60,203 |
| Salary range | Between $38,000 And $66,000 | Between $44,000 And $80,000 |
| Highest paying City | New York, NY | New York, NY |
| Highest paying state | New York | New York |
| Best paying company | Fuhu | Warburg Pincus |
| Best paying industry | Construction | Finance |
There are a few differences between a junior accountant and a fund accountant in terms of educational background:
| Junior Accountant | Fund Accountant | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 84% |
| Most common major | Accounting | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between junior accountants' and fund accountants' demographics:
| Junior Accountant | Fund Accountant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 39.6% Female, 60.4% | Male, 61.5% Female, 38.5% |
| Race ratio | Black or African American, 7.9% Unknown, 3.9% Hispanic or Latino, 10.2% Asian, 16.6% White, 60.9% American Indian and Alaska Native, 0.5% | 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% |
| LGBT Percentage | 7% | 7% |