Finance Associate Salary

The median salary for Finance Associates in the United States is $56K per year, and compared to other cities, Dallas offers the biggest paychecks at around $83K on average. Finance Associates will also find cushy salaries in Jersey City (+37 percent), New York (+36 percent), Los Angeles (+25 percent), and Chicago (+4 percent). The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
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$38,422 - $92,646
(Median)
$38K
$56K
$93K
MEDIAN: $56,111
10%
50%
90%

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$12.00 - $26.10
(Median)
$12
$17
$26
MEDIAN: $17.00
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$50K$100K$150K
Salary
$38,422 - $92,646  
   
Bonus
$0.00 - $20,299  
Profit Sharing
$88.08 - $9,501  
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).
)
$34,950 - $100,668  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 544
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$25$50$75
Hourly Rate
$12.00 - $26.10  
   
Overtime
$14.70 - $40.89  
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 - $20,299  
   
Profit Sharing
$88.08 - $9,501  
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).
)
$34,950 - $100,668  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 77
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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 51 percent, 13 percent, and 8 percent, respectively. Those listing Accounts Receivable as a skill should be prepared for drastically lower pay. Microsoft Office and Accounts Payable also typically command lower compensation. Those educated in Financial Analysis tend to be well versed in Financial Reporting and Accounting.

Pay by Experience Level for Finance Associate

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


Workers in their first five years can expect to earn $55K, but people who have been around for five to 10 years earn a noticeably bigger sum of $66K. On average, Finance Associates make $52K following one to two decades on the job. Seasoned veterans with 20 years under their belts enjoy a median income of $53K.

Pay Difference by Location

National Average: $55,767

Larger city markers indicate a job is popular in that location.

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Experience Affects Finance Associate Salaries


National Average
$56,000


Late-Career
up arrow 5%


Skills That Affect Finance Associate Salaries

Financial Modeling
up arrow 51%



Microsoft Excel
up arrow 2%

National Average
$56,000


Accounts Payable
up arrow 13%

Microsoft Office
up arrow 23%

Accounts Receivable
up arrow 26%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 93 votes.

Gender

Female
45 %
Male
55 %

Years of Experience

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

Common Health Benefits

medical benefits
Medical: 88%
dental benefits
Dental: 81%
medical benefits
Vision: 68%
dental benefits
None: 9%
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