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The differences between project accountants and management accounts managers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a project accountant, becoming a management accounts manager takes usually requires 6-8 years. Additionally, a management accounts manager has an average salary of $91,681, which is higher than the $60,467 average annual salary of a project accountant.
The top three skills for a project accountant include reconciliations, project management and contract terms. The most important skills for a management accounts manager are customer service, client facing, and project management.
| Project Accountant | Management Accounts Manager | |
| Yearly salary | $60,467 | $91,681 |
| Hourly rate | $29.07 | $44.08 |
| Growth rate | 6% | 17% |
| Number of jobs | 43,672 | 113,871 |
| Job satisfaction | 5 | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 69% |
| Average age | 44 | 46 |
| Years of experience | 4 | 8 |
A project accountant is primarily in charge of overseeing the budget and expenditures allocated for various projects within a company. Their responsibilities revolve around reviewing financial data and work plans, managing billing and financial reports, monitoring the flow of revenue, filing purchase orders and invoices, and processing payments to subcontractors, suppliers, and more. It is also vital to coordinate with all managing personnel to prepare necessary reports such as costs and taxes. Furthermore, it is essential to maintain data and records of all transactions, all while implementing the company's policies and regulations.
A management accounts manager is responsible for maintaining healthy business relationships with clients by handling their project accounts, improving account management procedures, and identifying business opportunities that would generate more revenue resources for the company. Management accounts managers compile portfolio reports, including how the client's account performs in the market and its financial stability. They also negotiate contracts, settle terms and agreements, and ensure the highest customer experience by implementing strategic plans to enhance the company's services.
Project accountants and management accounts managers have different pay scales, as shown below.
| Project Accountant | Management Accounts Manager | |
| Average salary | $60,467 | $91,681 |
| Salary range | Between $46,000 And $79,000 | Between $66,000 And $125,000 |
| Highest paying City | Washington, DC | Seattle, WA |
| Highest paying state | New Jersey | Washington |
| Best paying company | Perficient | Meta |
| Best paying industry | Professional | Energy |
There are a few differences between a project accountant and a management accounts manager in terms of educational background:
| Project Accountant | Management Accounts Manager | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 69% |
| Most common major | Accounting | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between project accountants' and management accounts managers' demographics:
| Project Accountant | Management Accounts Manager | |
| Average age | 44 | 46 |
| Gender ratio | Male, 36.8% Female, 63.2% | Male, 48.6% Female, 51.4% |
| Race ratio | Black or African American, 8.7% Unknown, 4.0% Hispanic or Latino, 11.1% Asian, 12.3% White, 63.5% American Indian and Alaska Native, 0.5% | Black or African American, 7.5% Unknown, 4.1% Hispanic or Latino, 14.2% Asian, 10.0% White, 63.9% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 7% | 11% |