With the development of capital market, the investment accountant has become a popular job. Many accounting students are very concerned about the salary level of investment accountants. Based on the job responsibilities and professional skills required for investment accountants, their salary level is relatively high in the accounting industry. This article will focus on the salary level of investment accountants in Canada.
The salary level of entry-level investment accountants is $55,000 to $65,000 per year
According to payscale, the average base salary of an entry-level Investment Accountant with less than 1 year of experience in Canada is about $55,381 per year. For those with 1-4 years of experience, the average base salary is $61,500. The total salary including bonus and profit sharing can reach $65,000.
Intermediate investment accountants have an average salary of $70,000 to $90,000
For investment accountants with 5-9 years of experience, their average base salary is about $70,000 per year. And the total compensation can exceed $90,000 per year. This salary level shows the increasing demand for experienced investment accountants in the capital market.
Senior investment accountants earn $100,000 to $150,000 on average
Payscale shows senior investment accountants with 10 to 19 years of experience earn an average total salary of $115,000 per year. And for those with over 20 years of experience, the average total compensation is around $150,000 per year. The high salary demonstrates the accumulated skills and professional network of senior investment accountants.
Investment accountants have higher salary at large financial firms
Large accounting and financial firms like Big Four and large banks tend to pay higher salary for investment accountants. For example, TD bank offers around $90,000 for intermediate investment accountants. And senior investment accountants can earn a total compensation package of $150,000 at RBC.
In conclusion, the average salary of investment accountants in Canada ranges from $55,000 for entry level to over $150,000 for senior positions. Working at major financial firms and accumulating professional skills and network can help investment accountants earn higher salary.