Billing Analyst Salary (United States)

Billing Analysts in the United States can expect to earn an average of $42,536 per year. The top of the range reaches $60,761 per year, and the bottom approaches $29,926. Geographic location is the biggest factor affecting pay for this group, followed by career duration. Benefits are common in this line of work, with most reporting medical and dental coverage and a majority collecting vision insurance. The majority of Billing Analysts claim high levels of job satisfaction. Participants in PayScale's salary questionnaire provided the particulars of this report.
Billing Analyst Salary (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$31,669 - $62,393
(Median)
32K
39K
45K
54K
62K
MEDIAN: $45,183
10%
25%
50%
75%
90%
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Billing Analyst Salary (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$12.18 - $24.30
(Median)
12
15
18
20
24
MEDIAN: $17.00
10%
25%
50%
75%
90%
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National Salary Data

 (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$21K$42K$63K
Salary
$31,669 - $62,393  
   
Bonus
$0.00 - $4,169  
Profit Sharing
$972 - $4,578  
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).
)
$29,926 - $60,761  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 306
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$15$30$45
Hourly Rate
$12.18 - $24.30  
   
Overtime
$19.65 - $43.73  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$30K$60K$90K
Bonus
$0.00 - $4,169  
   
Profit Sharing
$972 - $4,578  
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).
)
$29,926 - $60,761  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 218
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Job Description for Billing Analyst

Billing analysts work in accounting offices, ensuring that invoices and other financial documents are processed appropriately. The billing analyst holds an entry-level accounting position in most employers’ accounting offices. Billing analysts write invoices, get approval for billing, calculate fees that are due, and generally track the accuracy of all billing and invoicing records. This requires extracting financial information from incoming and outgoing billing documents for entry in record-keeping software.
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Billing Analyst Tasks
  • Keep updated records of financial transactions and customer account status.
  • Review billing reports to ensure accuracy and resolve any errors.
  • Calculate the amount customers owe the company and prepare billing statements.
  • Generate financial and billing reports according to company guidelines.

Common Career Paths for Billing Analyst

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Billing Analysts often receive a large increase in pay with career advancement. Those who transition into an upper level Financial Analyst position frequently earn an additional $10,886 per year.

Billing Analyst Job Listings

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Popular Skills for Billing Analyst

Billing Analysts report a focused set of job skills. Most notably, skills in Financial Analysis, Data Analysis, Billing, and Microsoft Excel are correlated to pay that is above average, with boosts of 8 percent, 8 percent, 6 percent, and 6 percent, respectively. Skills that pay less than market rate include Data Entry. Those proficient in Billing are, more often than not, also skilled in Data Analysis.

Pay by Experience Level for Billing Analyst

Median of all compensation (including tips, bonus, and overtime) by years of experience.
Starting out, salaries fall in the $40K range but grow to $46K after five to 10 years. Earnings total $49K after one to two decades. After 20 years in the field, Billing Analysts see a slip in salary, bringing in an average of $48K. Experienced employees who have 10-20 years of experience make up 19 percent of the workforce; inexperienced individuals who have been working for less than one year comprise less than five, and senior people with more than 20 years under their belt fill out the remaining less than five. Most of respondents report having between one and nine years of experience in this field.

Pay Difference By Location

up arrow 26%
up arrow 18%
Seattle
up arrow 18%
up arrow 13%
Dallas
up arrow 9%
San Diego
up arrow 6%
National Average
$43,000
Denver
up arrow 1%
up arrow 4%
Alpharetta
up arrow 6%
Larger circles over a city indicate a job is popular in that location.
With a pay rate for Billing Analysts that is 26 percent greater than the national average, New York offers a comfortable salary for those in this profession. Those in search of high salaries should also consider checking out cities like Houston, Seattle, Chicago, and Dallas, top-paying markets where Billing Analysts rake in more than the national norm (+18 percent, +18 percent, +13 percent, and +9 percent). In Alpharetta, salaries are 6 percent below the national average and represent the lowest-paying market. Below-median salaries also turn up in Tulsa and Denver (-4 percent and -1 percent, respectively).

Billing Analyst Reviews

What is it like working as a Billing Analyst?
Billing Analyst in Denver:
Pros: I enjoy the quiet focus I can assume while analyzing figures and reconciling invoices. It is satisfying to know that there is very little to know gray area in my position. Either the numbers fit or they don't.
Cons: I do not like having limited access to other systems that would enable me to resolve issues on my own. At my current assignment I must coordinate with other departments to relabel or adjust a figure, which can mean that I'll have to wait a few days for something I could do in a few minutes.

Related Job Salaries

Experience Affects Billing Analyst Salaries

National Average
$43,000

Skills That Affect Billing Analyst Salaries

up arrow 6%
National Average
$43,000
Data Entry
up arrow 14%

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 114 votes.

Gender

Female
70%
female alumni
 
Male
30%
male alumni

Years of Experience

Less than 1 year
5%
1-4 years
44%
5-9 years
27%
10-19 years
19%
20 years or more
5%

Common Health Benefits

medical benefits Medical: 83% dental benefits Dental: 76%
vision benefits Vision: 63% employee benefits None: 14%
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