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The differences between portfolio accountants and junior 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 junior accountant. Additionally, a portfolio accountant has an average salary of $69,877, which is higher than the $50,444 average annual salary of a junior accountant.
The top three skills for a portfolio accountant include reconciliations, financial reports and real estate. The most important skills for a junior accountant are reconciliations, general ledger accounts, and account reconciliations.
| Portfolio Accountant | Junior Accountant | |
| Yearly salary | $69,877 | $50,444 |
| Hourly rate | $33.59 | $24.25 |
| Growth rate | 6% | 6% |
| Number of jobs | 41,323 | 57,892 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 84% | Bachelor's Degree, 70% |
| 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.
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.
Portfolio accountants and junior accountants have different pay scales, as shown below.
| Portfolio Accountant | Junior Accountant | |
| Average salary | $69,877 | $50,444 |
| Salary range | Between $47,000 And $102,000 | Between $38,000 And $66,000 |
| Highest paying City | New York, NY | New York, NY |
| Highest paying state | New York | New York |
| Best paying company | AQR Capital Management | Fuhu |
| Best paying industry | Finance | Construction |
There are a few differences between a portfolio accountant and a junior accountant in terms of educational background:
| Portfolio Accountant | Junior Accountant | |
| Most common degree | Bachelor's Degree, 84% | Bachelor's Degree, 70% |
| Most common major | Accounting | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between portfolio accountants' and junior accountants' demographics:
| Portfolio Accountant | Junior Accountant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 58.1% Female, 41.9% | Male, 39.6% Female, 60.4% |
| 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, 7.9% Unknown, 3.9% Hispanic or Latino, 10.2% Asian, 16.6% White, 60.9% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 7% | 7% |