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Hourly Wage for Financial Reporting Accountant I Salary in the United States

What is the hourly salary range of Financial Reporting Accountant I?

As of October 01, 2026, the average hourly rate for a Financial Reporting Accountant I in the United States is $33, which translates to an annual salary of about $69,019.

However, the hourly wage can vary significantly based on several factors. Here’s a detailed look at the typical pay range per hour:

  • Top Earners (90th percentile): $38 per hour
  • Majority Range (25th-75th percentile): $31 to $36 per hour
  • Entry-Level (10th percentile): $29 per hour
Salary Factors Salary-Boosting Skills Salary by Experience Related Job Salaries Top Paying Cities Explore Related Jobs

Key Factors That Influence Financial Reporting Accountant I Salaries

A Financial Reporting Accountant I's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, education and company size can directly affect your earning potential.

How Experience Level Affects Financial Reporting Accountant I Salaries?

Experience is a primary driver of a Financial Reporting Accountant I's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:

  • Financial Reporting Accountant I (0-2 years): $69,019
  • Financial Reporting Accountant II (2-4 years): $78,331
  • Financial Reporting Accountant III (4-7 years): $94,089
  • Financial Reporting Accountant IV (7+ years): $109,545
  • Financial Reporting Supervisor (7+ years): $118,467
Job Role Years of Experience Average Salary
Financial Reporting Accountant I0-2 years$69,019
Financial Reporting Accountant II2-4 years$78,331
Financial Reporting Accountant III4-7 years$94,089
Financial Reporting Accountant IV7+ years$109,545
Financial Reporting Supervisor7+ years$118,467
View as Graph

How Do Financial Reporting Accountant I Salaries Vary from State to State?

Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Financial Reporting Accountant Is. For example, consider the average annual salaries in these key locations:
  • District of Columbia: $76,418.
  • California: $76,128.
  • Massachusetts: $75,113.

Top Paying Cities for Financial Reporting Accountant Is

Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:

  • San Jose: $87,054
  • San Francisco: $86,101
  • Oakland: $84,286

What Skills Can Increase a Financial Reporting Accountant I's Salary?

Demanded Skills for the Role:

  • Analysis (Mentioned in 7.26% Job Postings): Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
  • Accounts Payable (Mentioned in 2.16% Job Postings): Accounts payable (AP) is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.
  • Financial Analysis (Mentioned in 1.07% Job Postings): Financial statement analysis (or financial analysis) is the process of reviewing and analyzing a company's financial statements to make better economic decisions to earn income in future. These statements include the income statement, balance sheet, statement of cash flows, notes to accounts and a statement of changes in equity (if applicable). Financial statement analysis is a method or process involving specific techniques for evaluating risks, performance, financial health, and future prospects of an organization. It is used by a variety of stakeholders, such as credit and equity investors, the government, the public, and decision-makers within the organization. These stakeholders have different interests and apply a variety of different techniques to meet their needs. For example, equity investors are interested in the long-term earnings power of the organization and perhaps the sustainability and growth of dividend payments. Creditors want to ensure the interest and principal is paid on the organizations debt securities (e.g., bonds) when due.
Skills Demand Percentage
Analysis 7.26%
Accounts Payable 2.16%
Financial Analysis 1.07%
See More Skills

What skills can make your compensation higher?

Mastering certain specialized skills can lead to a significant increase in pay. Here are examples of skills and the potential impact they can have on a Financial Reporting Accountant I's salary.

  • Flexibility: Can increase your salary by up to 13%.
  • Financial Analysis: Can increase your salary by up to 11%.
  • Time Management: Can increase your salary by up to 10%.
Skill Salary Salary % Increase
Flexibility $77,991
13%
Financial Analysis $76,611
11%
Time Management $75,921
10%
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Financial Reporting Accountant I Salary by Company Size: Startups vs. Enterprise

Financial Reporting Accountant I salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $77,053. While startup companies pay approximate $65,244.

Financial Reporting Accountant I Salary by Company Size

Company Size Employees Average Salary
Startup 1~50 $65,244
Growth Stage 51~500 $68,987
Established 501~5000 $74,400
Enterprise 5000+ $77,053

Financial Reporting Accountant I Salary by Industry: Top Paying Sectors

For Financial Reporting Accountant I roles, the industry you choose can affect earning potential by as much as 50% (the gap between the highest and lowest paying industries). Data shows that the Biotechnology and Energy & Utilities sectors offer the strongest compensation, at 30% above the average. In contrast, Financial Reporting Accountant positions in Transportation or Edu., Gov't. & Nonprofit typically offer lower base pay, as these industries often view Financial Reporting Accountant I as a support function rather than a direct revenue driver.

The top paying industries for a Financial Reporting Accountant I

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Biotechnology$89,725$43.030%
Energy & Utilities$82,823$40.020%
Healthcare$79,372$38.015%
Pharmaceuticals$79,372$38.015%
Aerospace & Defense$75,921$37.010%

How Education impacts a Financial Reporting Accountant I's Salary?

Your level of education can impact your salary potential. While many Financial Reporting Accountant I enter the field with a Bachelor's Degree, higher education can lead to more specialized and higher-paying roles.

According to our 100% employer-reported salary data, the median salary for an Financial Reporting Accountant I with a Bachelor's Degree is between $63,751 and $67,624.

Financial Reporting Accountant I Salaries by Degree Level

Typical Education for Financial Reporting Accountant I
Degree Level % of user with this level of education
No Diploma 1.4%
High School 2.8%
Associates 2.8%
Bachelors 67.8%
Masters 25.2%
Doctorate 0.0%
View as Graph

Financial Reporting Accountant I Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a Financial Reporting Accountant I's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.

Last Updated on October 01, 2026
$64,011
Average $69,019/year
$73,977
$5,334
Average $5,752/month
$6,165
$1,231
Average $1,327/week
$1,423
$31
Average $33/hour
$36
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $73,977 $6,165 $1,423 $36
Average $69,019 $5,752 $1,327 $33
25th Percentile $64,011 $5,334 $1,231 $31

Most common benefits for Financial Reporting Accountant I

  • Social Security
  • 401 (k)
  • Disability
  • Healthcare
  • Pension
  • Time Off (days)

Common company salaries for Financial Reporting Accountant I

Here are companies hiring for Financial Reporting Accountant I and their salaries, click below for more details.

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FAQ about Financial Reporting Accountant I

1. What are the responsibilities of Financial Reporting Accountant I?

Prepares periodic financial statements required for external reporting. Collects and analyzes financial data, ensuring that all reporting is in compliance with SEC and GAAP reporting regulations and guidelines. Consolidates entries and accounts to be utilized in financial statements. Prepares internal reports as required. Researches accounting rules and regulations and makes recommendations regarding company policy. May provide support and assistance to external auditors. Requires a bachelor's degree in accounting or finance. Typically reports to a manager. Work is closely managed. Works on projects/matters of limited complexity in a support role. Typically requires 0-2 years of related experience.

2. What are the skills of Financial Reporting Accountant I

Specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.)

Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.

2.)

Accounts Payable: Accounts payable (AP) is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

3.)

Financial Analysis: Financial statement analysis (or financial analysis) is the process of reviewing and analyzing a company's financial statements to make better economic decisions to earn income in future. These statements include the income statement, balance sheet, statement of cash flows, notes to accounts and a statement of changes in equity (if applicable). Financial statement analysis is a method or process involving specific techniques for evaluating risks, performance, financial health, and future prospects of an organization. It is used by a variety of stakeholders, such as credit and equity investors, the government, the public, and decision-makers within the organization. These stakeholders have different interests and apply a variety of different techniques to meet their needs. For example, equity investors are interested in the long-term earnings power of the organization and perhaps the sustainability and growth of dividend payments. Creditors want to ensure the interest and principal is paid on the organizations debt securities (e.g., bonds) when due.

Where Does Our Salary Data Come From?

Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources. We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

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