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The differences between senior corporate 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 senior corporate accountant and a junior accountant. Additionally, a senior corporate accountant has an average salary of $73,008, which is higher than the $50,444 average annual salary of a junior accountant.
The top three skills for a senior corporate accountant include reconciliations, GAAP and SOX. The most important skills for a junior accountant are reconciliations, general ledger accounts, and account reconciliations.
| Senior Corporate Accountant | Junior Accountant | |
| Yearly salary | $73,008 | $50,444 |
| Hourly rate | $35.10 | $24.25 |
| Growth rate | 6% | 6% |
| Number of jobs | 57,895 | 57,892 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 79% | Bachelor's Degree, 70% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
A senior corporate accountant is responsible for reviewing financial transactions and account statements of an organization, reconciling accounts receivable, managing accounts payable, and resolving bank discrepancies. Senior corporate accountants handle clients' outstanding payments, allocate budget to the department heads, and identify business opportunities that would generate more revenue resources and minimize financial loss. They write accurate financial reports to discuss with the senior management, respond to the team's inquiries and concerns, and strategize to improve financial processes.
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.
Senior corporate accountants and junior accountants have different pay scales, as shown below.
| Senior Corporate Accountant | Junior Accountant | |
| Average salary | $73,008 | $50,444 |
| Salary range | Between $57,000 And $92,000 | Between $38,000 And $66,000 |
| Highest paying City | San Francisco, CA | New York, NY |
| Highest paying state | New York | New York |
| Best paying company | Amazon | Fuhu |
| Best paying industry | Construction | Construction |
There are a few differences between a senior corporate accountant and a junior accountant in terms of educational background:
| Senior Corporate Accountant | Junior Accountant | |
| Most common degree | Bachelor's Degree, 79% | Bachelor's Degree, 70% |
| Most common major | Accounting | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior corporate accountants' and junior accountants' demographics:
| Senior Corporate Accountant | Junior Accountant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 46.2% Female, 53.8% | Male, 39.6% Female, 60.4% |
| Race ratio | Black or African American, 8.8% Unknown, 4.0% Hispanic or Latino, 11.1% Asian, 14.1% White, 61.6% 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% |