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Finance Associate Salary

Home to the top three paying cities for Finance Associates in the United States (New York, Washington, and Boston), the East Coast dominates the job market. With some bonuses approaching $20K and certain profit sharing proceeds approaching $6K, overall incomes of Finance Associates spread between $33K and $99K depending on individual performance. Location is the biggest factor affecting pay for this group, followed by career duration. Medical benefits are awarded to most, and a strong majority earn dental coverage. Men working as Finance Associates who took the survey just slightly outnumber women at 52 percent. The majority of workers are highly satisfied with their job. This report is based on answers to PayScale's salary questionnaire.
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$36,317 - $92,672
(Median)
$36K
$54K
$93K
MEDIAN: $54,381
10%
50%
90%

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$11.42 - $23.96
(Median)
$11
$16
$24
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$34K$68K$102K
Salary
$36,317 - $92,672  
   
Bonus
$0.00 - $20,233  
Profit Sharing
$90.00 - $6,000  
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).
)
$32,901 - $99,480  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 465
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$17$34$51
Hourly Rate
$11.42 - $23.96  
   
Overtime
$14.25 - $39.15  
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 - $20,233  
   
Profit Sharing
$90.00 - $6,000  
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).
)
$32,901 - $99,480  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 64

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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 $74K per year.

Finance Associate Job Listings

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Popular Skills for Finance Associate


Survey results suggest that Finance Associates put a wide range of professional skills to use. 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, 14 percent, and 10 percent, respectively. Skills that are correlated to lower pay, on the other hand, include Accounts Payable and Accounting. Most people experienced in Financial Analysis also know Financial Reporting and Accounting. Most people who know Microsoft Excel also 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.


Relatively untried employees who have less than five years' experience make $53K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $64K. People with 10 to 20 years of experience make an average of about $56K in this role. Survey participants who have worked for more than two decades report bringing in $54K on average.

Pay Difference by Location


Relative to Finance Associates in the rest of the country, Finance Associates to the east in New York, Washington, and Boston see salaries beyond the national average. In Los Angeles, salaries are 8 percent below the national average and represent the lowest-paying market.

Related Job Salaries

United States (change)

Experience Affects Finance Associate Salaries



Late-Career
up arrow 1%

National Average
$54,000


Skills That Affect Finance Associate Salaries

Financial Modeling
up arrow 56%




National Average
$54,000

Accounting
up arrow 4%

Accounts Payable
up arrow 10%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 111 votes.

Gender

Female
48 %
Male
52 %

Years of Experience

Less than 1 year
11%
1-4 years
57%
5-9 years
21%
10-19 years
8%
20 years or more
3%

Common Health Benefits

medical benefits Medical: 88% dental benefits Dental: 79%
vision benefits Vision: 63% employee benefits None: 10%