Finance Associate Salary

The average salary for Finance Associates in the United States is $56K annually, and pay runs especially high in Dallas, where the average is $83K. Finance Associates can also look forward to large paychecks in cities like Jersey City (+37 percent), New York (+36 percent), Los Angeles (+25 percent), and Chicago (+4 percent). The figures in this overview were provided by individuals who took 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 who move on to become Senior Financial Analysts may enjoy significant pay raises, as Senior Financial Analysts get paid an average 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. It is often found that people who know Financial Analysis are also skilled 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.


Survey participants with less than five years' experience pocket $55K on average, but those with five to 10 years of experience enjoy a much bigger median of $66K. The average pay reported by folks with 10 to 20 years of experience is around $52K. Seasoned workers who boast more than two decades of relevant experience enjoy a median salary of $53K, which is substantially larger than the medians reported by folks with fewer years on their resumes.

Pay Difference by Location

National Average: $55,767

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

Related Job Salaries

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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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