Mutual Fund Accountants and Auditors
Overview
Introduction
Accountants perform a wide range of financial-related duties for mutual fund companies—ranging from calculating the net asset value of mutual funds to preparing financial records, including profit and loss statements, balance sheets, cost studies, and tax reports. Auditors make sure that financial records are accurate, complete, and comply with local, state, and federal laws. Accountants and auditors are employed directly by mutual fund companies or by accounting firms that provide contracted services to these firms. More t...
Quick Facts
Median Salary
Employment Prospects
Minimum Education Level
Experience
Skills
Personality Traits
Earnings
Salaries for accountants vary based on their level of experience, job title, and geographic region; size of employer; and other factors. According to PayScale.com, the average salary for fund accountants employed in the U.S. was $65,578 in December 2024. Salaries ranged from $50,000 or less to $98,000 or more. The U.S. Department of Labor reported that accountants and auditors who worked for in...
Work Environment
Most accountants and auditors work a standard 40-hour week with weekends off, although the many accountants and auditors work more than 40 hours per week. Some companies allow accountants and auditors to telecommute or work flexible hours. Most accountants and auditors enjoy their careers.
The career of accountant is often ranked high on "best job" lists. For example, U.S. News &...
Outlook
Employment for accountants and auditors who work for companies that manage funds, trusts, and other financial vehicles will grow much faster than the average for all careers through 2033, according to the U.S. Department of Labor (DOL). It reports that “a growing economy and a complex tax and regulatory environment are expected to drive strong demand for accountants and auditors.” The increase ...
