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Finance Associate Salary

The three highest-paying cities for Finance Associates can all be found on the East Coast: New York, Boston, and Washington. In the world of Finance Associates, overall income ranges from $33K near the bottom to $100K at the top; this can include more than $20K from bonuses and more than $6K from profit sharing in exceptional cases. Compensation for this group is mainly affected by geographic location, but the company and experience level are influential factors as well. Most Finance Associates like their work and job satisfaction is high. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. Women are just slightly outnumbered, with male Finance Associates making up 54 percent of survey respondents. This snapshot results from replies to PayScale's salary survey.
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$36,934 - $92,711
(Median)
$37K
$55K
$93K
MEDIAN: $54,652
10%
50%
90%

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$11.50 - $23.31
(Median)
$12
$16
$23
MEDIAN: $16.00
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$50K$100K$150K
Salary
$36,934 - $92,711  
   
Bonus
$0.00 - $20,358  
Profit Sharing
$89.70 - $6,020  
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).
)
$33,235 - $100,491  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 473
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$25$50$75
Hourly Rate
$11.50 - $23.31  
   
Overtime
$14.40 - $38.36  
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$50K$100K$150K
Bonus
$0.00 - $20,358  
   
Profit Sharing
$89.70 - $6,020  
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).
)
$33,235 - $100,491  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 67
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Job Description for Finance Associate

Finance associates perform a variety of accounting and financial duties for their organization. They are responsible for coordinating budget preparation, program narratives, and projections. They assist managers with creation of financial proposals, as well as plan and execute analyses such as for operational and capital budgets. Finance associates create statistical reports based on costs analyses and other relevant information. As needed, they must provide effective business analysis on subjects determined by management. Finance associates also administer fixed asset accounts and capital expenditures, as well as contextualize preliminary analyses for their supervisor and assist with work flow improvements throughout their organization.

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Finance Associate Tasks

  • Identify and advise on new investment opportunities for the company.
  • Assist in determining and negotiating the financial aspects of mergers and acquisitions.
  • Collect and analyze data to assist in corporate financial decisions.
  • Ensure compliance with standard practices and protocols within the industry.

Common Career Paths for Finance Associate


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Many Finance Associates move into a Senior Financial Analyst role, and folks who currently hold that position report a much higher median income of $75K per year.

Finance Associate Job Listings

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Popular Employer Salaries for Finance Associate


Popular Skills for Finance Associate


Finance Associates generally report applying a varied skill set to their work. Most notably, facility with Financial Modeling, Financial Analysis, and Financial Reporting are correlated to pay that is significantly above average, leading to increases of 52 percent, 14 percent, and 10 percent, respectively. Skills that pay less than market rate include Accounts Payable and Accounting. Most people skilled in Financial Analysis are similarly competent in Financial Reporting and Accounting. Those who learned Microsoft Excel also tend to know Accounting and Financial Reporting.

Pay by Experience Level for Finance Associate

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


Survey participants with less than five years' experience pocket $53K on average, but those with five to 10 years of experience enjoy a much bigger median of $64K. After working for 10 to 20 years, Finance Associates make a median salary of $54K. Folks who have racked up more than 20 years in the field report incomes that aren't higher than less experienced individuals' earnings.

Pay Difference by Location


Finance Associates can earn above-average salaries when they head east to New York, Boston, and Washington, the three most well-paid cities in the country for Finance Associates. With compensation 1 percent below the national average, San Francisco is not known for hefty paychecks and actually represents the lowest-paying market.

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Experience Affects Finance Associate Salaries


Late-Career
0%

National Average
$54,000



Skills That Affect Finance Associate Salaries

Financial Modeling
up arrow 52%




National Average
$54,000

Accounting
up arrow 4%

Accounts Payable
up arrow 10%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 106 votes.

Gender

Female
46 %
Male
54 %

Years of Experience

Less than 1 year
11%
1-4 years
58%
5-9 years
20%
10-19 years
8%
20 years or more
3%

Common Health Benefits

medical benefits Medical: 88% dental benefits Dental: 79%
vision benefits Vision: 64% employee benefits None: 10%
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