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 mutual fund accountants employed in the U.S. in January 2020 was $46,579. Salaries ranged from $37,000 or less to $62,000 or more. The U.S. Department of Labor reported that accountants and auditors who worked ...
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. Nearly 70 percent of accountants surveyed by the staffing firm Accountemps reported that they would remain...
Outlook
Employment for accountants and auditors who work with funds, trusts, and other financial vehicles will grow about as fast as the average for all careers through 2028, according to the U.S. Department of Labor. It reports that “stricter laws and regulations, particularly in the financial sector, will likely increase the demand for accounting services as organizations seek to comply with new stan...