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The differences between senior project 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 project accountant and a junior accountant. Additionally, a senior project accountant has an average salary of $64,388, which is higher than the $50,444 average annual salary of a junior accountant.
The top three skills for a senior project accountant include reconciliations, project management and GAAP. The most important skills for a junior accountant are reconciliations, general ledger accounts, and account reconciliations.
| Senior Project Accountant | Junior Accountant | |
| Yearly salary | $64,388 | $50,444 |
| Hourly rate | $30.96 | $24.25 |
| Growth rate | 6% | 6% |
| Number of jobs | 45,277 | 57,892 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 70% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
Senior Project Accountants are responsible for providing support in financial management for a project. Their duties include creating financial appraisals, producing project forecasts, and developing project financial reports. They are responsible for facilitating financial planning, identifying budget deviances, performing impact analysis, and assisting in risk management planning. Senior Project Accountants also establish financial governance for a project, improve financial tools, test data, and prepare a business case analysis for senior management. They participate in project meetings, assist in internal audits, and ensure operations adhere to corporate financial legislations.
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 project accountants and junior accountants have different pay scales, as shown below.
| Senior Project Accountant | Junior Accountant | |
| Average salary | $64,388 | $50,444 |
| Salary range | Between $48,000 And $85,000 | Between $38,000 And $66,000 |
| Highest paying City | Washington, DC | New York, NY |
| Highest paying state | Massachusetts | New York |
| Best paying company | Dahl Consulting | Fuhu |
| Best paying industry | Technology | Construction |
There are a few differences between a senior project accountant and a junior accountant in terms of educational background:
| Senior Project Accountant | Junior Accountant | |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 70% |
| Most common major | Accounting | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior project accountants' and junior accountants' demographics:
| Senior Project Accountant | Junior Accountant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 37.3% Female, 62.7% | Male, 39.6% Female, 60.4% |
| Race ratio | Black or African American, 8.7% Unknown, 4.0% Hispanic or Latino, 11.0% Asian, 12.2% White, 63.7% 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% |