Financial Administrator Salary

Average Financial Administrators in the United States make around $46K per year. Overall cash earnings of Financial Administrators stretch from $30K near the bottom to $65K at the top, and the heftiest packages can encompass around $5K each from bonuses and profit sharing. Residence and experience level each impact pay for this group, with the former having the largest influence. Unfortunately, some people in this line of work are without benefits — about one in three lack coverage. On the flip side, the greater part have medical insurance and half receive dental plans. Women account for the majority of Financial Administrators who took the survey — 85 percent to be exact. The majority of Financial Administrators claim high levels of job satisfaction.

$32,048 - $66,181
(Median)
$32K
$46K
$66K
MEDIAN: $46,017
10%
50%
90%

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$12.63 - $24.80
(Median)
$13
$18
$25
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$23K$46K$69K
Salary
$32,048 - $66,181  
   
Bonus
$0.00 - $5,095  
Profit Sharing
$500 - $5,000  
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).
)
$30,062 - $64,970  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 273
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$13$26$39
Hourly Rate
$12.63 - $24.80  
   
Hourly Tips
$0.00  
Overtime
$0.00 - $36.99  
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$26K$52K$78K
Bonus
$0.00 - $5,095  
   
Profit Sharing
$500 - $5,000  
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).
)
$30,062 - $64,970  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 147
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Job Description for Financial Administrator

Financial administrators are in charge of managing financial-related tasks for their company. They perform budget and payroll transactions, maintain separate account such as discretionary and grant funding, and maintain accurate financial records for tax-related purposes. They must follow company policies to process payments, approve money transfers, keep financial statements, review reimbursements, and approve purchase order requisitions. Additionally, they prepare financial reports, and collaborate with other departments as needed.

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Financial Administrator Tasks

  • Maintain accounts and follow up to verify and close invoices and collect fees.
  • Document project status, obstacles, reporting and reviews.
  • Review and verify accuracy of financial and contract paperwork and processes.
  • Create budget templates and serve as point of contact for questions and exceptions.

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Popular Skills for Financial Administrator


Financial Administrators report using a pretty varied skill set on the job. Most notably, skills in Financial Reporting, Accounting, Accounts Payable, and Bookkeeping are correlated to pay that is above average. Skills that are correlated to lower pay, on the other hand, include Human Resources, Payroll Administration, and Accounts Receivable. Most people familiar with Accounting also know Bookkeeping and Payroll Administration.

Pay by Experience Level for Financial Administrator

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


More years of relevant experience do not necessarily translate to higher paychecks. Relatively untried employees who have less than five years' experience have a median salary of $40K. Those who have been around for five to 10 years can expect to take home more — $44K on average. On average, Financial Administrators make $45K following one to two decades on the job. Veterans who have acquired more than 20 years report a median income of $49K, which is generally higher than the pay reported by other tenure groups.

Pay Difference by Location

National Average: $43,116

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

For Financial Administrators, working in the bustling city of Oklahoma City has its advantages, including an above-average pay rate. Financial Administrators will also find cushy salaries in Cincinnati (+18 percent), Atlanta (+16 percent), New York (+12 percent), and Richmond (+5 percent). The smallest paychecks in the market, 8 percent south of the national average, can be found in Pittsburgh.

Financial Administrator Reviews

What is it like working as a Financial Administrator?

Financial Administrator in Dallas:
"Work flexibility, low stress level, good perks, low hours."
Pros: Work flexibility, low stress level, good perks, low hours, great management.
Cons: Cannot work from home.

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Experience Affects Financial Administrator Salaries




National Average
$43,000


Skills That Affect Financial Administrator Salaries

Financial Reporting
up arrow 3%

Accounting
up arrow 2%

Accounts Payable
0%

National Average
$43,000

Bookkeeping
up arrow 3%



Human Resources
up arrow 7%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 98 votes.

Gender

Female
85 %
Male
15 %

Years of Experience

Less than 1 year
2%
1-4 years
30%
5-9 years
22%
10-19 years
28%
20 years or more
17%

Common Health Benefits

medical benefits
Medical: 64%
dental benefits
Dental: 50%
medical benefits
Vision: 39%
dental benefits
None: 32%
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