Finance Analyst Salary
Earnings for Finance Analysts in the United States come in at around $58K per year on average. In the world of Finance Analysts, total cash compensation can vary between $40K and $81K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $10K and $15K, respectively. This group's pay is mainly influenced by residence, followed by the company and experience level. The majority of workers are highly satisfied with their job. Men working as Finance Analysts who took the survey just slightly outnumber women at 58 percent. Almost all report receiving medical coverage from their employers and a large number collect dental insurance. The numbers in this rundown were provided by PayScale's salary survey participants.
Job Description for Finance Analyst
- Identify metrics, analyze data, create models and forecasts and update existing analyses.
- Reconcile data, research root causes for discrepancies and assist in updating processes.
- Create reports, presentations and other communicative devices to convey data and recommendations.
- Oversee audits and make recommendations based on findings.
Common Career Paths for Finance Analyst
Finance Analysts may experience a large salary bump if they progress into a role such as Senior Finance Manager. The latter position pays an average of $122K annually. Career advancement for the typical Finance Analyst often leads to becoming a Finance Manager or a Senior Financial Analyst; median salaries in these positions are $26K higher and $17K higher, respectively.
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Popular Employer Salaries for Finance Analyst
Known for taking on a considerable number of Finance Analysts, The Boeing Company, J.P. Morgan Chase & Co. (JPMCC), PepsiCo Inc, Lockheed Martin Corp, and Intel Corporation are leading firms in the industry. Finance Analysts seeking a sizable paycheck can earn the most at The Boeing Company, where the median salary comes to $74K, though the large pay difference between employees at the top ($55K) and those starting out ($96K) creates a rather diverse pay scale.
Popular Skills for Finance Analyst
Survey results suggest that Finance Analysts use a fairly large toolkit of professional skills. Most notably, skills in Forecasting, Financial Modeling, Budgeting, and Financial Analysis are correlated to pay that is above average, with boosts between 6 percent and 17 percent. SQL and Microsoft Access as skills, however, tend to be associated with significantly smaller paychecks. It is often found that people who know Financial Analysis are also skilled in Financial Reporting.
Pay by Experience Level for Finance Analyst
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Workers in their first five years can expect to earn $56K, but people who have been around for five to 10 years earn a noticeably bigger sum of $66K. People with 10 to 20 years of experience make an average of about $59K in this role. Seasoned workers who boast more than two decades of relevant experience enjoy a median salary of $63K, which is substantially larger than the medians reported by folks with fewer years on their resumes.
Pay Difference by Location
For those looking to make money, Finance Analysts in Portland enjoy an exceptional pay rate, 29 percent above the national average. Finance Analysts will also find cushy salaries in San Jose (+21 percent), Seattle (+16 percent), New York (+5 percent), and Dallas (+2 percent). Trailing the national average by 17 percent, Columbus is the market with the smallest paychecks. Workers in Houston and Washington earn salaries that trail the national average for those in this profession (11 percent less and 7 percent less, respectively).
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Key Stats for Finance Analyst
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