Finance Assistant Salary

An average Finance Assistant in the United States can expect to take home roughly $15.59 per hour. In the world of Finance Assistants, total cash compensation can vary between $25K and $51K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $4K and $9K, respectively. Location is the biggest factor affecting pay for this group, followed by career duration. Although approximately one-fourth lack health benefits of any kind, a strong majority do enjoy medical insurance, and the larger part get dental coverage, too. Women account for the majority of Finance Assistants who took the survey — 85 percent to be exact. Job satisfaction for Finance Assistants is high. Figures cited in this summary are based on replies to PayScale's salary questionnaire.
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$29,523 - $53,704
(Median)
$30K
$39K
$54K
MEDIAN: $39,476
10%
50%
90%

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$11.27 - $21.26
(Median)
$11
$16
$21
MEDIAN: $15.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$18K$36K$54K
Salary
$29,523 - $53,704  
   
Bonus
$0.00 - $4,128  
Profit Sharing
$968 - $9,436  
Commission
$9,500  
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).
)
$25,128 - $50,676  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 324
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$12$24$36
Hourly Rate
$11.27 - $21.26  
   
Overtime
$16.51 - $33.11  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$24K$48K$72K
Bonus
$0.00 - $4,128  
   
Commission
$9,500  
Profit Sharing
$968 - $9,436  
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).
)
$25,128 - $50,676  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 360
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United States (change)


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Job Description for Finance Assistant

  • Detect and fix errors with tracking, auditing, data entry, and calculations.
  • Calculate and analyze financial data to meet short and long-term requests.
  • Record daily entries and reconcile account balances.
  • Record and perform payroll bookkeeping, cost classification, billing, and/or reporting.

Common Career Paths for Finance Assistant


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Many Finance Assistants move into a Finance Manager role, and folks who currently hold that position report a much higher median income of $84K per year. A common career progression for a Finance Assistant is to become an Accountant or a Staff Accountant. Compared to Finance Assistants, the first group earns $8K more on average, and the second group earns $7K more.

Finance Assistant Job Listings

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Popular Skills for Finance Assistant


Survey results show that Finance Assistants use a fair number of skills. Most notably, facility with Financial Reporting and Financial Analysis are correlated to pay that is significantly above average, leading to increases of 21 percent and 3 percent, respectively. Skills that seem to negatively impact pay include Accounting. Those proficient in Accounts Payable are, more often than not, also skilled in Accounts Receivable and Microsoft Office. A tool kit that includes Microsoft Excel also typically contains Microsoft Office and Accounts Receivable.

Pay by Experience Level for Finance Assistant

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Workers in their first five years can expect to earn $35K, but people who have been around for five to 10 years earn a noticeably bigger sum of $37K. Finance Assistants who work for 10 to 20 years in their occupation tend to earn about $39K. Survey respondents who have worked for more than 20 years actually report somewhat lower incomes of $37K.

Pay Difference by Location

National Average: $36,256

Larger city markers indicate a job is popular in that location.

Los Angeles is home to an above-average pay rate for Finance Assistants, 19 percent higher than the national average. Finance Assistants can also look forward to large paychecks in cities like Houston (+17 percent), Sacramento (+14 percent), Washington (+13 percent), and New York (+12 percent). The smallest paychecks in the market, 11 percent south of the national average, can be found in Miami.

Related Job Salaries

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Experience Affects Finance Assistant Salaries




National Average
$36,000


Skills That Affect Finance Assistant Salaries

Financial Reporting
up arrow 21%

Financial Analysis
up arrow 3%

Accounts Payable
up arrow 2%

Accounts Receivable
up arrow 2%

Microsoft Office
up arrow 2%

Quickbooks
up arrow 2%

Payroll Administration
up arrow 2%

General Ledger Accounting
up arrow 1%

Microsoft Excel
0%

National Average
$36,000

Accounting
up arrow 14%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 157 votes.

Gender

Female
85 %
Male
15 %

Years of Experience

Less than 1 year
8%
1-4 years
44%
5-9 years
20%
10-19 years
14%
20 years or more
13%

Common Health Benefits

medical benefits
Medical: 73%
dental benefits
Dental: 59%
medical benefits
Vision: 44%
dental benefits
None: 26%
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