Finance Assistant Salary

The average Finance Assistant in the United States can expect to rake in roughly $15.59 per hour. Total incomes of Finance Assistants incorporate potential for, in a few cases, more than $4K from bonuses and close to $9K from profit sharing; these performance components cause packages to range between $25K and $51K. Geographic location and tenure each impact pay for this group, with the former having the largest influence. Health benefits are not claimed by all — approximately one in four lack any form of coverage — but a fair number have medical insurance, and more than half have dental, too. Women make up the vast majority of Finance Assistants (85 percent) who answered the questionnaire. Job satisfaction for Finance Assistants is high. This report is based on answers 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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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. When Finance Assistants are ready for the next step in their careers, they often become Accountants or Staff Accountants. Those roles pay an additional $8K and $7K, respectively.

Finance Assistant Job Listings

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Popular Skills for Finance Assistant


Finance Assistants report using a wide range of professional 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 pay less than market rate include Accounting. Those proficient in Microsoft Excel are, more often than not, also skilled in Microsoft Office and Accounts Receivable. Those educated in Accounts Payable tend to be well versed in 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.


Respondents with less than five years' experience take home $35K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $37K. Finance Assistants see a median salary of $39K after reaching one to two decades on the job. Survey participants with more than two decades under their belts actually report earning less than people with less experience; the former take home only $37K on average.

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 will also find cushy salaries in Houston (+17 percent), Sacramento (+14 percent), Washington (+13 percent), and New York (+12 percent). Miami ranks last in the field for pay, reporting salaries 11 percent below the national average.

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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