Finance Assistant Salary

Average Finance Assistants in the United States make around $15.77 per hour. Geographic location and years of experience each impact pay for this group, with the former having the largest influence. Female Finance Assistants far outnumber their male contemporaries among survey respondents. Health benefits are not enjoyed by everyone in this line of work, and just under one in four lack any coverage at all. Medical benefits are reported by a fair number and dental coverage is claimed by the greater part. Job satisfaction is reported as high by the vast majority of workers. The numbers in this rundown were provided by PayScale's salary survey participants.
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$29,094 - $52,842
(Median)
$29K
$39K
$53K
MEDIAN: $38,630
10%
50%
90%

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$11.58 - $21.74
(Median)
$12
$16
$22
MEDIAN: $15.00
10%
50%
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$18K$36K$54K
Salary
$29,094 - $52,842  
   
Bonus
$0.00 - $3,733  
Profit Sharing
$974 - $5,896  
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).
)
$25,268 - $50,664  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 283
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$12$24$36
Hourly Rate
$11.58 - $21.74  
   
Overtime
$16.71 - $33.77  
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$24K$48K$72K
Bonus
$0.00 - $3,733  
   
Profit Sharing
$974 - $5,896  
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).
)
$25,268 - $50,664  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 306
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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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Advancing into a Finance Manager role seems to be a popular career move for Finance Assistants, and folks who currently work in the latter position report a notably larger median income of $83K per year. It is quite typical for Finance Assistants to transition into roles as Accountants or Staff Accountants, where reported median earnings are $8K and $7K higher per year.

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Popular Skills for Finance Assistant


Finance Assistants seem to require a number of specific skills. Most notably, skills in Financial Analysis, Microsoft Office, Microsoft Excel, and Accounts Payable are correlated to pay that is above average. Skills that are correlated to lower pay, on the other hand, include Accounting. People who know Microsoft Excel usually also know Microsoft Office and Accounts Receivable. Most people who know Accounts Payable also know Accounts Receivable and Microsoft Office.

Pay by Experience Level for Finance Assistant

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


Salaries of relatively inexperienced workers fall in the neighborhood of $35K, but folks who have racked up five to 10 years see a notably higher median of $37K. The average pay reported by folks with 10 to 20 years of experience is around $39K. Finance Assistants who claim more than two decades of experience actually make somewhat smaller average paychecks of $37K.

Pay Difference by Location


Above-average salaries for Finance Assistants can be found in Chicago, Los Angeles, and New York, the three largest cities in the United States. With compensation 9 percent below the national average, Miami is not known for hefty paychecks and actually represents the lowest-paying market.

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Experience Affects Finance Assistant Salaries




National Average
$36,000


Skills That Affect Finance Assistant Salaries

Financial Analysis
up arrow 4%

Microsoft Excel
up arrow 2%

Accounts Payable
up arrow 2%

Accounts Receivable
up arrow 2%

Microsoft Office
up arrow 2%

Quickbooks
up arrow 2%

Payroll Administration
0%

National Average
$36,000

General Ledger Accounting
up arrow 2%

Accounting
up arrow 11%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 147 votes.

Gender

Female
86 %
Male
14 %

Years of Experience

Less than 1 year
7%
1-4 years
45%
5-9 years
22%
10-19 years
13%
20 years or more
14%

Common Health Benefits

medical benefits Medical: 76% dental benefits Dental: 61%
vision benefits Vision: 45% employee benefits None: 23%
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