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Billing Analyst Salary

An average Billing Analyst in the United States can expect to take home roughly $45K annually. Geographic location is the biggest factor affecting pay for this group, followed by years of experience. Medical benefits are awarded to most, and a strong majority earn dental coverage. Female Billing Analysts are more common than men among those who completed the survey; more than half (69 percent) are women. The majority of Billing Analysts claim high levels of job satisfaction. Respondents to the PayScale salary survey provided the data for this report.
$32,083 - $62,607
(Median)
32K
39K
45K
54K
63K
MEDIAN: $45,410
10%
25%
50%
75%
90%

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$12.33 - $24.20
(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
$32,083 - $62,607  
   
Bonus
$0.00 - $4,164  
Profit Sharing
$983 - $4,500  
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).
)
$30,014 - $60,870  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 334
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
$12.33 - $24.20  
   
Overtime
$19.87 - $43.18  
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 - $4,164  
   
Profit Sharing
$983 - $4,500  
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).
)
$30,014 - $60,870  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 245
United States (change)

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 do not often transition into Financial Analyst roles. The role averages $54K 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, Microsoft Excel, and Billing are correlated to pay that is above average, with boosts between 5 percent and 7 percent. 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.


For Billing Analysts, experience does not seem to be a major factor in determining pay. Respondents with less than five years' experience take home $41K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $46K. Billing Analysts bring in $48K after working for 10 to 20 years. Folks who have racked up more than 20 years in the field report incomes that aren't that much higher than less experienced individuals' earnings; the veterans make just $51K on average.

Pay Difference by Location


New York is home to an above-average pay rate for Billing Analysts, 29 percent higher than the national average. Billing Analysts can also look forward to large paychecks in cities like Seattle (+17 percent), Houston (+17 percent), Chicago (+11 percent), and Los Angeles (+7 percent). The smallest paychecks in the market, 15 percent south of the national average, can be found in Virginia Beach. A couple other locations with smaller-than-average paychecks include Alpharetta (6 percent lower) and Denver (1 percent lower).

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 5%


National Average
$43,000

Data Entry
up arrow 11%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 118 votes.

Gender

Female
69 %
Male
31 %

Years of Experience

Less than 1 year
6%
1-4 years
43%
5-9 years
27%
10-19 years
20%
20 years or more
5%

Common Health Benefits

medical benefits Medical: 84% dental benefits Dental: 77%
vision benefits Vision: 65% employee benefits None: 13%