Average Financial Accountant with Financial Reporting Skills Salary in Toronto, Ontario
The average annual salary of Financial Accountant is $59,323.00
The starting salary of Financial Accountant is between $36,040.00 and $42,400.00 whereas the maximum salary range is between $71,020.00 and $81,673.00.
|Minimum Annual Pay||Maximum Annual Pay|
Financial Accountant Salary Comparison by Gender
This pie chart demonstrates the gender share for Financial Accountant. As indicated, the golden colour represents the percentage share for women and the green represents the percentage share for men.
As shown in the chart, female employees are involved significantly more as Financial Accountant compared to male. Their involvement is 64% while of male is only 36%.
Salary Distribution Based on Years of Experience
The line graph shows Financial Accountant salary in Toronto, Ontario, Canada on an annual basis. In this graph specifically, it is indicated that as the years of experience increases, so does their wages.
For Financial Accountant having experience between 1-4 years, their salary is around $61,756.68.
Once the experience reaches 5-9 years Financial Accountant salary would increase again to a total of $63,360.00, adding $1,603.32 from the last salary increase.
After reaching the 10-19 year experience in their career, decrease in salary is noted to a total of $60,144.00.
And finally, once the Financial Accountant gains 20 years of experience or more, their salary would reach $54,937.44.
Prominent Skills Affecting Financial Accountant Salary
The bar graph data indicates the importance of specific skills which can have a direct impact on Financial Accountant's salary. It clearly highlights the skills needed for a post of Financial Accountant when hired by an employer.
The most vital skill expected of Financial Accountant is Month-End Close which impacts the most than the rest of the skills indicated with a staggering 11% comparatively. Therefore, one’s salary would greatly depend on their skills in Month-End Close.
The skill least likely to affect one’s pay would be Microsoft Excel with 4%. It can be said that Microsoft Excel skill will unlikely impact the salary.
Compensation Statistics Based on Experience Levels
This combination of a line and the bar graph shows how the experience affects the salary of Financial Accountant. Companies are considering factors like training and education directly affecting the salary offered to you as an employee. The line graph shows the salary increment with the increase in experience whereas the bar graph shows the comparision of how the salary is getting affected based on experience level.
As shown in the trends, lowest earning is $52,797.00 whereas the highest earning is $62,882.00 which clearly shows the salary increases with the level of expertise.
Early Career person will earn the maximum salary of $62,882.00 at 6%. So to summerize, Early Career earns 6% more than the average salary, Mid Carrer earns 6% more than the average salary, Late Career earns 1% less than the average salary, Experienced earns 11% less than the average salary.