Associate Financial Analyst Salary
Median pay for Associate Financial Analysts in the United States lies in the neighborhood of $55K per year. Geography and career duration each impact pay for this group, with the former having the largest influence. For the most part, Associate Financial Analysts enjoy their work and report high levels of job satisfaction. Almost all report receiving medical coverage from their employers and a large number collect dental insurance. Generally, women make up less than a third of all Associate Financial Analysts who answered the questionnnaire.
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.
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Popular Skills for Associate Financial Analyst
Survey takers who work as Associate Financial Analysts typically report just a few professional skills. Most notably, skills in Financial Modeling, Financial Analysis, Financial Reporting, and Microsoft Excel are correlated to pay that is above average. It is often found that people who know Financial Analysis are also skilled in Financial Reporting and Financial Modeling.
Pay by Experience Level for Associate Financial Analyst
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Relatively untried employees who have less than five years' experience make $56K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $67K. Associate Financial Analysts who work for 10 to 20 years in their occupation tend to earn about $56K. Seasoned veterans with 20 years under their belts enjoy a median income of $53K.
Pay Difference by Location
For those looking to make money, Associate Financial Analysts in New York enjoy an exceptional pay rate, 33 percent above the national average. Associate Financial Analysts will also find cushy salaries in San Francisco (+24 percent) and Washington (+10 percent). With compensation 4 percent below the national average, Boston is not known for hefty paychecks and actually represents the lowest-paying market.
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