As of April 01, 2025, the average annual salary for a Senior Accountant in Chicago, IL is $86,290. According to Salary.com, salaries can range from a low of $71,389 to a high of $96,033, with most professionals earning between $78,490 and $91,390.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $91,390 | $7,616 | $1,758 | $44 |
| Average | $86,290 | $7,191 | $1,659 | $41 |
| 25th Percentile | $78,490 | $6,541 | $1,509 | $38 |
An entry-level Senior Accountant with under 1 year experience makes about $82,808. With less than 2 years of experience, a mid-level Senior Accountant makes around $83,387. After 2-4 years, the Senior Accountant pay rises to about $84,543. Those senior Senior Accountant with 5-8 years of experience earn roughly $87,821, and those Senior Accountant having 8 years or more experience are expected to earn about $89,209 on average.
| Levels | Salary |
|---|---|
| Entry Level Senior Accountant | $82,808 |
| Intermediate Level Senior Accountant | $83,387 |
| Senior Level Senior Accountant | $84,543 |
| Specialist Level Senior Accountant | $87,821 |
| Expert Level Senior Accountant | $89,209 |
| Entry Level | 4% |
| Mid Level | 3% |
| Senior Level | 2% |
| Top Level | 2% |
| 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.
Generally Accepted Accounting Principles: Helping and maintaining accounting rules and standards for financial reporting to ensure consistency and transparency.
| Skill | Salary | Demand |
|---|---|---|
|
Leadership
|
$89,742 |
4%
|
|
Initiative
|
$89,742 |
4%
|
|
Internal Control
|
$89,742 |
4%
|
|
Flexibility
|
$88,879 |
3%
|
|
CPA
|
$88,879 |
3%
|
|
Process Improvement
|
$88,879 |
3%
|
