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The differences between portfolio accountants and senior tax 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 senior tax accountant. Additionally, a senior tax accountant has an average salary of $77,537, which is higher than the $69,877 average annual salary of a portfolio accountant.
The top three skills for a portfolio accountant include reconciliations, financial reports and real estate. The most important skills for a senior tax accountant are CPA, state income, and tax research.
| Portfolio Accountant | Senior Tax Accountant | |
| Yearly salary | $69,877 | $77,537 |
| Hourly rate | $33.59 | $37.28 |
| Growth rate | 6% | 6% |
| Number of jobs | 41,323 | 57,686 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 84% | Bachelor's Degree, 74% |
| 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.
Senior Tax Accountants recommend tax strategies, as well as assist the preparation of federal, state, and local taxes. They contact clients to resolve minor tax issues and work with the senior tax manager to ensure compliance with federal, state, and local tax legislation.
Portfolio accountants and senior tax accountants have different pay scales, as shown below.
| Portfolio Accountant | Senior Tax Accountant | |
| Average salary | $69,877 | $77,537 |
| Salary range | Between $47,000 And $102,000 | Between $60,000 And $99,000 |
| Highest paying City | New York, NY | Washington, DC |
| Highest paying state | New York | New York |
| Best paying company | AQR Capital Management | Riverbed Holdings, Inc. |
| Best paying industry | Finance | Professional |
There are a few differences between a portfolio accountant and a senior tax accountant in terms of educational background:
| Portfolio Accountant | Senior Tax Accountant | |
| Most common degree | Bachelor's Degree, 84% | Bachelor's Degree, 74% |
| Most common major | Accounting | Accounting |
| Most common college | University of Pennsylvania | University of Southern California |
Here are the differences between portfolio accountants' and senior tax accountants' demographics:
| Portfolio Accountant | Senior Tax Accountant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 58.1% Female, 41.9% | Male, 50.6% Female, 49.4% |
| 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, 8.4% Unknown, 3.9% Hispanic or Latino, 10.7% Asian, 14.3% White, 62.3% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 7% | 7% |