Finance Associate Salary

Finance Associates in the United States can expect to earn an average of $54K annually. In the world of Finance Associates, total cash compensation can vary between $33K and $101K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $20K and $6K, respectively. The most important factor affecting compensation for this group is residence, followed by the specific employer and years of experience. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to the larger part. Job satisfaction for Finance Associates is high. Male Finance Associates are just a bit more common among those who completed the questionnaire than females ones, with male workers composing 54 percent of the field. Respondents to the PayScale salary survey provided the data for this report.
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$36,774 - $93,168
(Median)
$37K
$54K
$93K
MEDIAN: $54,358
10%
50%
90%

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$11.47 - $25.53
(Median)
$11
$16
$26
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
$36,774 - $93,168  
   
Bonus
$0.00 - $20,441  
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).
)
$33,054 - $101,482  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 476
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
$11.47 - $25.53  
   
Overtime
$14.52 - $39.17  
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 - $20,441  
   
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).
)
$33,054 - $101,482  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 66
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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.

Finance Associate Job Listings

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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 57 percent, 15 percent, and 9 percent, respectively. Skills that seem to negatively impact pay include Accounts Payable and Accounting. The majority of those who know Microsoft Excel also know Accounting and Financial Reporting. 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.


Relatively untried employees who have less than five years' experience make $54K, but folks with five to 10 years under their belts enjoy an appreciably larger median 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


With a pay rate for Finance Associates that is 39 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 New York (+37 percent), Washington (+13 percent), Boston (+10 percent), and Chicago (+2 percent). The smallest paychecks in the market, 2 percent south of the national average, can be found in San Francisco.

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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 101 votes.

Gender

Female
46 %
Male
54 %

Years of Experience

Less than 1 year
11%
1-4 years
57%
5-9 years
20%
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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