Finance Associate Salary

The three top-paying cities for Finance Associates in the United States — New York, Washington, and Boston — are all on the East Coast. Final cash compensation to Finance Associates varies from around $33K to approximately $102K; choice pay grades include potential for bonuses and profit sharing as high as $20K and $6K, respectively. While the specific employer and years of experience impact pay for this group, geographic location is the most influential factor. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to more than half. Men working as Finance Associates who took the survey just slightly outnumber women at 54 percent. Job satisfaction for Finance Associates is high. The figures in this rundown are based on the results of PayScale's salary questionnaire.
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$36,929 - $93,210
(Median)
$37K
$54K
$93K
MEDIAN: $54,258
10%
50%
90%

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$11.50 - $25.34
(Median)
$12
$16
$25
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
$36,929 - $93,210  
   
Bonus
$0.00 - $20,411  
Profit Sharing
$89.70 - $5,817  
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).
)
$33,023 - $101,542  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 474
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 - $25.34  
   
Overtime
$14.55 - $39.01  
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 - $20,411  
   
Profit Sharing
$89.70 - $5,817  
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).
)
$33,023 - $101,542  
Country: United States | Currency: USD | Updated: 20 Jun 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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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.

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Popular Employer Salaries for Finance Associate


Popular Skills for Finance Associate


Finance Associates report using a pretty varied skill set on the job. Most notably, facility with Financial Modeling, Financial Analysis, and Financial Reporting are correlated to pay that is significantly above average, leading to increases of 57 percent, 15 percent, and 9 percent, respectively. Skills that pay less than market rate include Accounts Payable and Accounting. Most people experienced in Financial Analysis also know Financial Reporting and Accounting. The majority of those 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.


The average worker who claims fewer than five years of experience earns around $54K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $63K. Finance Associates bring in $53K after working for 10 to 20 years. Finance Associates who have spent more than 20 years on the job report earning a significantly higher median of $54K.

Pay Difference by Location


Finance Associates in New York, Washington, and Boston — eastern regions — enjoy a very comfortable lifestyle with compensation above the national average. Trailing the national average by 2 percent, San Francisco is the market with the smallest paychecks.

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Experience Affects Finance Associate Salaries


National Average
$54,000


Late-Career
up arrow 1%


Skills That Affect Finance Associate Salaries

Financial Modeling
up arrow 57%




National Average
$54,000

Accounting
up arrow 4%

Accounts Payable
up arrow 10%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 102 votes.

Gender

Female
46 %
Male
54 %

Years of Experience

Less than 1 year
11%
1-4 years
58%
5-9 years
21%
10-19 years
8%
20 years or more
3%

Common Health Benefits

medical benefits Medical: 87% dental benefits Dental: 79%
vision benefits Vision: 65% employee benefits None: 10%
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