As of April 01, 2025, the average annual salary for a Junior Accountant in Chicago, IL is $64,003. Salary.com reports that pay typically ranges from $58,763 to $70,533, with most professionals earning between $53,992 and $76,478.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $70,533 | $5,878 | $1,356 | $34 |
| Average | $64,003 | $5,334 | $1,231 | $31 |
| 25th Percentile | $58,763 | $4,897 | $1,130 | $28 |
An entry-level Junior Accountant with under 1 year experience makes about $63,631. With less than 2 years of experience, a mid-level Junior Accountant makes around $64,217. After 2-4 years, the Junior Accountant pay rises to about $65,679. Those senior Junior Accountant with 5-8 years of experience earn roughly $65,972, and those Junior Accountant having 8 years or more experience are expected to earn about $66,167 on average.
| Levels | Salary |
|---|---|
| Entry Level Junior Accountant | $63,631 |
| Intermediate Level Junior Accountant | $64,217 |
| Senior Level Junior Accountant | $65,679 |
| Specialist Level Junior Accountant | $65,972 |
| Expert Level Junior Accountant | $66,167 |
| Entry Level | 1% |
| Mid Level | 0% |
| Senior Level | 3% |
| Top Level | 3% |
| Experienced | 3% |
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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.
Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
Accounts Receivable: Accounts receivable is a legally enforceable claim for payment held by a business for goods supplied and/or services rendered that customers/clients have ordered but not paid for. These are generally in the form of invoices raised by a business and delivered to the customer for payment within an agreed time frame. Accounts receivable is shown in a balance sheet as an asset. It is one of a series of accounting transactions dealing with the billing of a customer for goods and services that the customer has ordered. These may be distinguished from notes receivable, which are debts created through formal legal instruments called promissory notes.
Internal Control: Internal control, as defined by accounting and auditing, is a process for assuring of an organization's objectives in operational effectiveness and efficiency, reliable financial reporting, and compliance with laws, regulations and policies.
| Skill | Salary | Demand |
|---|---|---|
|
Coordination
|
$67,843 |
6%
|
|
Leadership
|
$67,843 |
6%
|
|
Collaboration
|
$66,563 |
4%
|
|
Initiative
|
$66,563 |
4%
|
|
Analysis
|
$66,563 |
4%
|
|
Finance and Accounting
|
$66,563 |
4%
|
