Finance Analyst Salary
Finance Analysts in the United States can expect to earn an average of $58K per year. Cash earnings for Finance Analysts — including $9K in bonuses and $15K in profit sharing proceeds near the top of the pay scale — generally stretch from $40K to $80K depending on individual performance. The most influential factor affecting pay for this group is geography, though the company and experience level have a (lesser) impact as well. Almost all report receiving medical coverage from their employers and a large number collect dental insurance. Work is enjoyable for Finance Analysts, who typically claim high levels of job satisfaction. Women are just slightly outnumbered, with male Finance Analysts making up 55 percent of survey respondents. This report is based on responses to the PayScale salary survey.
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
For Finance Analysts, progressing to a Senior Finance Manager role may result in a significant raise. On average, a Senior Finance Manager can earn $122K annually. It is quite typical for Finance Analysts to transition into roles as Finance Managers or Senior Financial Analysts, where reported median earnings are $26K and $17K higher per year.
Finance Analyst Job Listings
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Popular Employer Salaries for Finance Analyst
The Boeing Company, PepsiCo Inc, J.P. Morgan Chase & Co. (JPMCC), Lockheed Martin Corp, and Intel Corporation are top-notch employers for Finance Analysts in this area. Finance Analysts seeking a sizable paycheck can earn the most at The Boeing Company, where the median salary comes to $72K, 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
Finance Analysts report using a pretty varied skill set on the job. Most notably, skills in Forecasting, Financial Modeling, Budgeting, and Financial Analysis are correlated to pay that is above average, with boosts between 5 percent and 14 percent. Those listing SQL and Microsoft Access as skills, on the other hand, should be prepared for drastically lower pay. Those educated in Financial Analysis tend to be well versed in Financial Reporting.
Pay by Experience Level for Finance Analyst
Median of all compensation (including tips, bonus, and overtime) by years of experience.
The average beginner in this position makes around $57K, but folks who have been around for five to 10 years see a markedly higher median salary of $66K. After working for 10 to 20 years, Finance Analysts make a median salary of $59K. Finance Analysts who have spent more than 20 years on the job report earning a significantly higher median of $63K.
Pay Difference by Location
Finance Analysts will find that Portland offers an impressive pay rate, one which exceeds the national average by 30 percent. Finance Analysts will also find cushy salaries in San Jose (+20 percent) and Seattle (+15 percent). Finance Analysts in Cleveland make 26 percent less than the national average, proving that location is a major factor in pay. Employers also pay below the national average in Columbus (17 percent lower) and Philadelphia (7 percent lower).
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Key Stats for Finance Analyst
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