Finance Associate Salary

Finance Associates in the United States take home approximately $58K annually on average. Final cash compensation to Finance Associates varies from around $36K to approximately $104K; choice pay grades include potential for bonuses and profit sharing as high as $20K and $12K, respectively. Compensation for this group is mainly affected by residence, but tenure and the individual firm are influential factors as well. Most enjoy medical while a large number get dental coverage. Vision coverage is also available to a strong majority. The majority of Finance Associates claim high levels of job satisfaction. Women are just slightly outnumbered, with male Finance Associates making up 57 percent of survey respondents. The information for this snapshot was generated by responses to the PayScale salary survey.
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$38,317 - $94,168
$38K
$58K
$94K
MEDIAN: $57,778
10%
50%
90%

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$13.67 - $27.12
$14
$19
$27
MEDIAN: $19.29
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
$38,317 - $94,168  
   
Bonus
$747 - $20,185  
Profit Sharing
$0.00 - $12,365  
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).
)
$36,056 - $104,271  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 332
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
$13.67 - $27.12  
   
Overtime
$17.45 - $44.95  
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
$747 - $20,185  
   
Profit Sharing
$0.00 - $12,365  
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).
)
$36,056 - $104,271  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 58

Find Out Exactly What You Should Be Paid

United States (change)

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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

  • Collect and analyze data to assist in corporate financial decisions.
  • Ensure compliance with standard practices and protocols within the industry.
  • Identify and advise on new investment opportunities for the company.
  • Assist in determining and negotiating the financial aspects of mergers and acquisitions.

Common Career Paths for Finance Associate


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Advancing into a Senior Financial Analyst role seems to be a popular career move for Finance Associates, and folks who currently work in the latter position report a notably larger median income of $76K 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 55 percent, 16 percent, and 3 percent, respectively. Those listing Microsoft Office as a skill should be prepared for drastically lower pay. Data Entry and Accounts Receivable 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

Pay by Experience for a Finance Associate has a negative trend. An entry-level Finance Associate with less than 5 years of experience can expect to earn an average total compensation of $54,000 based on 296 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Finance Associate with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $75,000 based on 89 salaries. An experienced Finance Associate which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $51,000 based on 44 salaries. A Finance Associate with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $43,000 based on 6 salaries.

Pay Difference by Location

National Average: $56,087

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

With a pay rate for Finance Associates that is 80 percent greater than the national average, Dallas offers a comfortable salary for those in this profession. Finance Associates can also look forward to large paychecks in cities like Chicago (+32 percent), New York (+29 percent), Seattle (+28 percent), and Los Angeles (+25 percent). Finance Associates in Columbus report much lower salaries than the rest of the country — 30 percent below the national average — proving that residence is a major factor in overall pay. Employers also pay below the national average in Washington (13 percent lower) and Philadelphia (2 percent lower).

Related Job Salaries

Key Stats for Finance Associate

Gender

Female
43 %
Male
57 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 54 votes.
Less than 1 year
9%
1-4 years
61%
5-9 years
18%
10-19 years
10%
20 years or more
2%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Finance Associate Salaries

▲33%

National Average
$56,000

▼4%

▼8%

Late-Career
▼24%

Skills That Affect Finance Associate Salaries




National Average
$56,000


▼10%

Accounts Payable
▼13%

Data Analysis
▼14%

Accounts Receivable
▼22%

Data Entry
▼34%

Microsoft Office
▼38%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 54 votes.

Gender

Female
43 %
Male
57 %

Years of Experience

Less than 1 year
9%
1-4 years
61%
5-9 years
18%
10-19 years
10%
20 years or more
2%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 80%
vision benefits
Vision: 71%
no benefits
None: 9%