Median pay for Financial Administrators in the United States lies in the neighborhood of $46K annually. Location is the biggest factor affecting pay for this group, followed by tenure. Most Financial Administrators like their work and job satisfaction is high. Women make up the vast majority of Financial Administrators (83 percent) who answered the questionnaire. While some workers in this profession — just under a third — do not have any health coverage, more than half do receive medical benefits and around half have dental insurance. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.

$34,861 - $75,683
(Median)
$35K
$46K
$76K
MEDIAN: $46,488
10%
50%
90%

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$14.05 - $24.85
(Median)
$14
$18
$25
MEDIAN: $18.00
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$26K$52K$78K
Salary
$34,861 - $75,683  
   
Bonus
$0.00 - $7,031  
Profit Sharing
$1,200  
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).
)
$31,359 - $66,325  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 161
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$19$38$57
Hourly Rate
$14.05 - $24.85  
   
Overtime
$20.34 - $56.00  
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
$0.00 - $7,031  
   
Profit Sharing
$1,200  
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).
)
$31,359 - $66,325  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 106
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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


Survey results suggest that Financial Administrators use a fairly large toolkit of professional skills. Most notably, skills in Financial Analysis, General Ledger Accounting, Financial Reporting, and Accounting are correlated to pay that is above average, with boosts between 4 percent and 18 percent. Skills that seem to negatively impact pay include Human Resources and Accounts Receivable. Most people who know 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.


For many Financial Administrators, extensive experience does not lead to significantly more money. Salaries of relatively inexperienced workers fall in the neighborhood of $41K, but folks who have racked up five to 10 years see a notably higher median of $45K. Financial Administrators see a median salary of $46K after reaching one to two decades on the job. Ultimately, more time spent in the workforce does seem to translate to bigger paychecks; seasoned veterans with more than 20 years of experience report a median income of $49K.

Pay Difference by Location

National Average: $44,104

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

Surpassing the national average by 23 percent, Financial Administrators in Chicago receive some of the highest pay in the country. Financial Administrators can also look forward to large paychecks in cities like Houston (+22 percent), Oklahoma City (+16 percent), Cincinnati (+16 percent), and Atlanta (+13 percent). In Pittsburgh, salaries are 10 percent below the national average and represent the lowest-paying market.

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
$44,000


Skills That Affect Financial Administrator Salaries

Financial Analysis
up arrow 18%

General Ledger Accounting
up arrow 7%

Financial Reporting
up arrow 4%

Accounting
0%

Payroll Administration
0%

National Average
$44,000

Accounts Payable
up arrow 1%

Bookkeeping
up arrow 1%

Accounts Receivable
up arrow 4%

Human Resources
up arrow 9%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 48 votes.

Gender

Female
83 %
Male
17 %

Years of Experience

Less than 1 year
3%
1-4 years
35%
5-9 years
18%
10-19 years
29%
20 years or more
15%

Common Health Benefits

medical benefits
Medical: 66%
dental benefits
Dental: 48%
medical benefits
Vision: 42%
dental benefits
None: 31%
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