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The differences between portfolio 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 portfolio accountant and a fund accountant. Additionally, a portfolio accountant has an average salary of $69,877, which is higher than the $60,203 average annual salary of a fund accountant.
The top three skills for a portfolio accountant include reconciliations, financial reports and real estate. The most important skills for a fund accountant are reconciliations, calculation, and securities.
| Portfolio Accountant | Fund Accountant | |
| Yearly salary | $69,877 | $60,203 |
| Hourly rate | $33.59 | $28.94 |
| Growth rate | 6% | 6% |
| Number of jobs | 41,323 | 35,702 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 84% | Bachelor's Degree, 84% |
| 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.
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.
Portfolio accountants and fund accountants have different pay scales, as shown below.
| Portfolio Accountant | Fund Accountant | |
| Average salary | $69,877 | $60,203 |
| Salary range | Between $47,000 And $102,000 | 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 | AQR Capital Management | Warburg Pincus |
| Best paying industry | Finance | Finance |
There are a few differences between a portfolio accountant and a fund accountant in terms of educational background:
| Portfolio Accountant | Fund Accountant | |
| Most common degree | Bachelor's Degree, 84% | Bachelor's Degree, 84% |
| Most common major | Accounting | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between portfolio accountants' and fund accountants' demographics:
| Portfolio Accountant | Fund Accountant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 58.1% Female, 41.9% | Male, 61.5% Female, 38.5% |
| 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, 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% |