Finance Associate Salary

The median pay for Finance Associates comes out to approximately $54K annually in the United States, but employers in Dallas offer the most; the average salary in that city is around $80K. Finance Associates can also look forward to large paychecks in cities like New York (+38 percent), Boston (+10 percent), Chicago (+3 percent), and Philadelphia (+2 percent). The data for this synopsis comes from respondents who took the PayScale salary survey.
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$36,592 - $91,400

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$11.74 - $25.53

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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$33K$66K$99K
Salary
$36,592 - $91,400  
   
Bonus
$0.00 - $20,426  
Profit Sharing
$88.77 - $5,960  
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).
)
$33,254 - $97,775  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 468
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$17$34$51
Hourly Rate
$11.74 - $25.53  
   
Overtime
$14.52 - $39.17  
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$50K$100K$150K
Bonus
$0.00 - $20,426  
   
Profit Sharing
$88.77 - $5,960  
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).
)
$33,254 - $97,775  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 66
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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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Finance Associates might see a strong upturn in salary after transitioning into upper-level roles such as Senior Financial Analyst, a seemingly popular career choice. People currently working in the latter position report a noticeably 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


Survey results suggest that Finance Associates use a fairly large toolkit of professional skills. Most notably, facility with Financial Modeling, Financial Analysis, and Financial Reporting are correlated to pay that is significantly above average, leading to increases of 56 percent, 15 percent, and 11 percent, respectively. Skills that seem to negatively impact pay include Accounts Payable and Accounting. Most people who know Microsoft Excel also know Accounting and Financial Reporting. The majority of those who know Financial Analysis also know Financial Reporting and Accounting.

Pay by Experience Level for Finance Associate

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


The average worker who claims fewer than five years of experience earns around $53K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $63K. Finance Associates bring in $56K after working for 10 to 20 years. Old hands who claim more than two decades on the job enjoy average earnings of $54K.

Pay Difference by Location

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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 56%




National Average
$54,000

Accounting
up arrow 3%

Accounts Payable
up arrow 9%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 94 votes.

Gender

Female
47 %
Male
53 %

Years of Experience

Less than 1 year
11%
1-4 years
57%
5-9 years
20%
10-19 years
9%
20 years or more
3%

Common Health Benefits

medical benefits Medical: 88% dental benefits Dental: 79%
vision benefits Vision: 65% employee benefits None: 10%
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