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The differences between tax associates and fund accountants can be seen in a few details. Each job has different responsibilities and duties. Additionally, a tax associate has an average salary of $62,466, which is higher than the $60,203 average annual salary of a fund accountant.
The top three skills for a tax associate include strong customer service, CPA and tax planning. The most important skills for a fund accountant are reconciliations, calculation, and securities.
| Tax Associate | Fund Accountant | |
| Yearly salary | $62,466 | $60,203 |
| Hourly rate | $30.03 | $28.94 |
| Growth rate | 6% | 6% |
| Number of jobs | 42,019 | 35,702 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 56% | Bachelor's Degree, 84% |
| Average age | 47 | 44 |
| Years of experience | - | 4 |
Tax associates are responsible for helping businesses and individuals with state and federal income tax preparation and compliance. These professionals often work for accounting firms and financial services companies. They perform varied tasks that include reviewing income statements, financial records, and expenditures, interviewing clients about income and expenses, and minimizing their clients' tax liability. Tax associates also conduct research on tax issues and assist with tax audits, advise clients on compensation and tax information, and maintain accurate and current client records.
A fund accountant provides accounting for an investment portfolio. The investments needed include commodities, securities, and/or real estate in an investment fund like a hedge fund or mutual fund. The role of fund accountants includes activity capturing and recording. Fund accountants prepare accurate and timely values, distributions, yields, and fund accounting output for review. They manage activities associated with fund accounting and domestic equity transactions. Also, they work alongside supervisors when it comes to budget development.
Tax associates and fund accountants have different pay scales, as shown below.
| Tax Associate | Fund Accountant | |
| Average salary | $62,466 | $60,203 |
| Salary range | Between $40,000 And $95,000 | Between $44,000 And $80,000 |
| Highest paying City | Las Vegas, NV | New York, NY |
| Highest paying state | Nevada | New York |
| Best paying company | Ropes & Gray | Warburg Pincus |
| Best paying industry | Finance | Finance |
There are a few differences between a tax associate and a fund accountant in terms of educational background:
| Tax Associate | Fund Accountant | |
| Most common degree | Bachelor's Degree, 56% | Bachelor's Degree, 84% |
| Most common major | Accounting | Accounting |
| Most common college | University of Southern California | University of Pennsylvania |
Here are the differences between tax associates' and fund accountants' demographics:
| Tax Associate | Fund Accountant | |
| Average age | 47 | 44 |
| Gender ratio | Male, 36.4% Female, 63.6% | Male, 61.5% Female, 38.5% |
| Race ratio | Black or African American, 9.6% Unknown, 4.0% Hispanic or Latino, 18.2% Asian, 10.2% White, 57.3% American Indian and Alaska Native, 0.6% | Black or African American, 7.6% Unknown, 3.9% Hispanic or Latino, 9.9% Asian, 18.4% White, 59.7% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 8% | 7% |