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The differences between portfolio 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 a portfolio accountant and an accountant. Additionally, a portfolio accountant has an average salary of $69,877, which is higher than the $54,890 average annual salary of an accountant.
The top three skills for a portfolio accountant include reconciliations, financial reports and real estate. The most important skills for an accountant are reconciliations, general ledger accounts, and account reconciliations.
| Portfolio Accountant | Accountant | |
| Yearly salary | $69,877 | $54,890 |
| Hourly rate | $33.59 | $26.39 |
| Growth rate | 6% | 6% |
| Number of jobs | 41,323 | 60,073 |
| Job satisfaction | - | 3 |
| Most common degree | Bachelor's Degree, 84% | Bachelor's Degree, 71% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
Portfolio accountants must have effective communication and time management skills in addition to a bachelor's degree in accounting. They maintain and improve processes and systems by keeping and compiling records on monthly and quarterly reports. They also prepare financial statements, assist in fund pricing, and calculate losses, profits, and net asset values.
An accountant is an individual whose primary task is to prepare, keep, examine, and interpret financial records. Most accountants are in charge of a wide scope of finance-related tasks, either for private individuals or for large-scale businesses and organizations they are employed with. They make sure that financial statements and records are accurate and comply with laws and regulations. They also compute for taxes, prepare tax returns, and ensure being paid properly and on time. As they keep track and record the flow of money, they can offer guidance on how to reduce costs, enhance revenue, and help in profit maximization.
Portfolio accountants and accountants have different pay scales, as shown below.
| Portfolio Accountant | Accountant | |
| Average salary | $69,877 | $54,890 |
| Salary range | Between $47,000 And $102,000 | Between $41,000 And $72,000 |
| Highest paying City | New York, NY | Washington, DC |
| Highest paying state | New York | New York |
| Best paying company | AQR Capital Management | Meta |
| Best paying industry | Finance | Technology |
There are a few differences between a portfolio accountant and an accountant in terms of educational background:
| Portfolio Accountant | Accountant | |
| Most common degree | Bachelor's Degree, 84% | Bachelor's Degree, 71% |
| Most common major | Accounting | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between portfolio accountants' and accountants' demographics:
| Portfolio Accountant | Accountant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 58.1% Female, 41.9% | Male, 38.2% Female, 61.8% |
| Race ratio | Black or African American, 7.6% Unknown, 3.9% Hispanic or Latino, 9.9% Asian, 17.9% White, 60.3% American Indian and Alaska Native, 0.5% | 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% |