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Finance Associate Salary

Finance Associates command the highest salaries on the East Coast; the three top-paying cities are New York, Washington, and Boston. Cash earnings for Finance Associates — which occasionally include more than $20K from bonuses and more than $6K from profit sharing — stretch from around $33K to approximately $99K. While the specific employer and experience level impact pay for this group, location is the most influential factor. Medical benefits are awarded to most, and a strong majority earn dental coverage. Men working as Finance Associates who took the survey just slightly outnumber women at 52 percent. The majority of workers are highly satisfied with their job. This overview is based on answers to PayScale's salary questionnaire.
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$36,547 - $92,602
(Median)
$37K
$54K
$93K
MEDIAN: $54,309
10%
50%
90%

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$11.47 - $23.49
(Median)
$11
$16
$23
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$34K$68K$102K
Salary
$36,547 - $92,602  
   
Bonus
$0.00 - $20,160  
Profit Sharing
$89.70 - $6,020  
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).
)
$33,112 - $99,312  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 466
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
$11.47 - $23.49  
   
Overtime
$14.37 - $38.52  
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 - $20,160  
   
Profit Sharing
$89.70 - $6,020  
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).
)
$33,112 - $99,312  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 66

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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

  • 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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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 $74K per year.

Finance Associate Job Listings

Jobs by Simply Hired
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Popular Employer Salaries for Finance Associate


Popular Skills for Finance Associate


Finance Associates seem to require a number of specific 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 53 percent, 15 percent, and 10 percent, respectively. Skills that seem to negatively impact pay include Accounts Payable and Accounting. Most people familiar with Financial Analysis also know Financial Reporting and Accounting. People who know Microsoft Excel usually 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.


Workers in their first five years can expect to earn $53K, but people who have been around for five to 10 years earn a noticeably bigger sum of $63K. The average pay reported by folks with 10 to 20 years of experience is around $54K. Finance Associates who surpass 20 years on the job report pay that isn't higher than those with 10 to 20 years.

Pay Difference by Location


Eastern cities like New York, Washington, and Boston are lucrative areas for Finance Associates, where pay is higher than the national average. In Los Angeles, salaries are 7 percent below the national average and represent the lowest-paying market.

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United States (change)

Experience Affects Finance Associate Salaries


Late-Career
up arrow 1%


National Average
$54,000


Skills That Affect Finance Associate Salaries

Financial Modeling
up arrow 53%




National Average
$54,000

Accounting
up arrow 4%

Accounts Payable
up arrow 10%

Job Satisfaction

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

Gender

Female
48 %
Male
52 %

Years of Experience

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

Common Health Benefits

medical benefits Medical: 88% dental benefits Dental: 79%
vision benefits Vision: 64% employee benefits None: 10%
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