Associate Financial Analyst Salary
For Associate Financial Analysts, yearly average wages total $56K annually. Career length is the biggest factor affecting pay for this group, followed by geography. Male Associate Financial Analysts are far more common among survey respondents than their female counterparts, who typically comprise less than one-third of the field. Medical benefits are awarded to nearly all, and most earn dental coverage. The majority of workers are highly satisfied with their job.
|Salary||$44,917 - $84,292|
|Bonus||$1,923 - $11,335|
|Total Pay (|
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).)
|$44,360 - $87,994|
|Hourly Rate||$14.19 - $31.46|
|Overtime||$8.21 - $45.96|
|Bonus||$1,923 - $11,335|
|Total Pay (||$44,360 - $87,994|
Job Description for Associate Financial Analyst
Associate financial analysts are in charge of analyzing financial information on behalf of their company. They are responsible for conducting and processing large amounts of financial data on a regular basis. They create detailed reports based on their observations and analysis results. One of their main duties includes reviewing and updating financial information in company workbooks. In addition, they perform quality reviews to identify financial discrepancies. They strive to find a prompt solution, but they escalate issues as needed. They maintain documents for controls, depending on assigned operations of the project. Associate financial analysts provide support to ledger balances and find financial results. They also perform reconciliation of balances and transactions. They follow strict financial and privacy procedures to maintain ethical positions. These individuals also participate in audits to monitor the process in a controlled environment. These individuals provide financial advice for forecasting activities.Read More...
They possess strong analytical skills and pay close attention to detail. They can multitask on a variety of projects and share information with other associate analysts to reach all project goals before deadlines. They are organized, keep accurate records in a personal computer, and modify company databases for future reference. Associate financial analysts are proficient with financial model software. In addition, they are well versed with office applications such as word processing and spreadsheet programs to make calculations. They have excellent communication abilities to interpret and relay important ideas.
A bachelor's degree in finance, economics, or a related field is required for this position. Previous years in an analyst capacity can be helpful. Industry certifications are a plus.
Associate Financial Analyst Tasks
- Prepare company profiles of potential acquisition targets.
- Maintain mergers and acquisitions database.
- Coordinate logistics for onsite functional due diligence.
- Collect data from key acquisition stakeholders and compiles for management.
- Schedule and administer internal calls with key acquisition stakeholders.
Common Career Paths for Associate Financial Analyst
Associate Financial Analysts might see a strong upturn in salary after transitioning into upper-level roles such as Senior Financial Analyst, a seemingly popular career choice. People currently working in the latter position report a noticeably higher median income of $76K per year.
Popular Skills for Associate Financial Analyst
Survey results imply that Associate Financial Analysts put a diverse skill set to use. Most notably, skills in Financial Modeling, Financial Analysis, Microsoft Excel, and Financial Reporting are correlated to pay that is above average. Skills that are correlated to lower pay, on the other hand, include Data Analysis. Those proficient in Financial Analysis are, more often than not, also skilled in Financial Reporting and Financial Modeling.
Pay by Experience Level for Associate Financial Analyst
Pay by Experience for an Associate Financial Analyst has a negative trend. An entry-level Associate Financial Analyst with less than 5 years of experience can expect to earn an average total compensation of $57,000 based on 173 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Associate Financial Analyst with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $76,000 based on 31 salaries. An experienced Associate Financial Analyst which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $90,000 based on 6 salaries. An Associate Financial Analyst with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $53,000 based on 6 salaries.
Pay Difference by Location
Home to some of the best pay for Associate Financial Analysts, New York offers exceptional salaries, 36 percent above the national average. Associate Financial Analysts can also look forward to large paychecks in cities like Detroit (+26 percent), San Francisco (+20 percent), Chicago (+13 percent), and Washington (+7 percent). Associate Financial Analysts in Minneapolis report much lower salaries than the rest of the country — 22 percent below the national average — proving that residence is a major factor in overall pay. Workers in Baltimore and Columbus earn salaries that trail the national average for those in this profession (20 percent less and 15 percent less, respectively).
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