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The differences between senior corporate accountants and project 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 project accountant. Additionally, a senior corporate accountant has an average salary of $73,008, which is higher than the $60,467 average annual salary of a project accountant.
The top three skills for a senior corporate accountant include reconciliations, GAAP and SOX. The most important skills for a project accountant are reconciliations, project management, and contract terms.
| Senior Corporate Accountant | Project Accountant | |
| Yearly salary | $73,008 | $60,467 |
| Hourly rate | $35.10 | $29.07 |
| Growth rate | 6% | 6% |
| Number of jobs | 57,895 | 43,672 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 79% | Bachelor's Degree, 72% |
| 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.
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.
Senior corporate accountants and project accountants have different pay scales, as shown below.
| Senior Corporate Accountant | Project Accountant | |
| Average salary | $73,008 | $60,467 |
| Salary range | Between $57,000 And $92,000 | Between $46,000 And $79,000 |
| Highest paying City | San Francisco, CA | Washington, DC |
| Highest paying state | New York | New Jersey |
| Best paying company | Amazon | Perficient |
| Best paying industry | Construction | Professional |
There are a few differences between a senior corporate accountant and a project accountant in terms of educational background:
| Senior Corporate Accountant | Project Accountant | |
| Most common degree | Bachelor's Degree, 79% | Bachelor's Degree, 72% |
| Most common major | Accounting | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior corporate accountants' and project accountants' demographics:
| Senior Corporate Accountant | Project Accountant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 46.2% Female, 53.8% | Male, 36.8% Female, 63.2% |
| 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, 8.7% Unknown, 4.0% Hispanic or Latino, 11.1% Asian, 12.3% White, 63.5% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 7% | 7% |