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Finance Associate Salary

The three highest-paying cities for Finance Associates can all be found on the East Coast: New York, Washington, and Boston. Cash earnings for Finance Associates — including $20K in bonuses and $6K in profit sharing proceeds near the top of the pay scale — generally stretch from $33K to $98K depending on individual performance. Geography is the biggest factor affecting pay for this group, followed by experience level. Men working as Finance Associates who took the survey just slightly outnumber women at 51 percent. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to more than half. Job satisfaction for Finance Associates is high. Participants in PayScale's salary questionnaire provided the particulars of this report.
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$35,786 - $91,903
(Median)
$36K
$54K
$92K
MEDIAN: $53,593
10%
50%
90%

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$11.30 - $24.83
(Median)
$11
$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$33K$66K$99K
Salary
$35,786 - $91,903  
   
Bonus
$0.00 - $20,059  
Profit Sharing
$90.00 - $5,500  
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).
)
$32,926 - $98,374  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 418
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
$11.30 - $24.83  
   
Overtime
$14.56 - $40.93  
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 - $20,059  
   
Profit Sharing
$90.00 - $5,500  
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).
)
$32,926 - $98,374  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 60
United States (change)

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 often transition into upper level Senior Financial Analyst positions, where pay tends to be much higher. On average, Senior Financial Analysts earn $74K per year.

Finance Associate Job Listings

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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 75 percent, 15 percent, and 10 percent, respectively. Skills that pay less than market rate include Accounts Payable and Accounting. Those proficient in Microsoft Excel are, more often than not, also skilled in Accounting and Financial Reporting. Most people familiar with Financial Analysis also know Financial Reporting and Accounting.

Pay by Experience Level for Finance Associate

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


Salaries for the relatively untried average out to around $52K, but survey participants with five to 10 years of experience earn a significantly higher median of $65K. 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


New York, Washington, and Boston — America's eastern region — boast salaries above the national rate for Finance Associates.

Related Job Salaries

Experience Affects Finance Associate Salaries


Late-Career
0%

National Average
$53,000



Skills That Affect Finance Associate Salaries

Financial Modeling
up arrow 75%




National Average
$53,000

Accounting
up arrow 4%

Accounts Payable
up arrow 9%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 108 votes.

Gender

Female
49 %
Male
51 %

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: 62% employee benefits None: 10%