Financial Administrator Salary

Median pay for Financial Administrators in the United States is around $47K annually. Cash earnings of Financial Administrators can occasionally include $5K each in bonuses and profit sharing proceeds; this strong performance component causes pay grades to stretch from approximately $30K to almost $68K. Residence is the biggest factor affecting pay for this group, followed by career duration. For the most part, Financial Administrators enjoy their work and report high levels of job satisfaction. Health benefits are not enjoyed by everyone in this line of work, and slightly less than a third lack any coverage at all. Medical benefits are reported by a majority and dental coverage is claimed by over one-half. The vast majority (84 percent) of Financial Administrators who took the survey are female. This snapshot results from replies to PayScale's salary survey.

$31,848 - $70,056
(Median)
$32K
$47K
$70K
MEDIAN: $46,563
10%
50%
90%

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$12.40 - $25.78
(Median)
$12
$17
$26
MEDIAN: $17.00
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$24K$48K$72K
Salary
$31,848 - $70,056  
   
Bonus
$0.00 - $4,958  
Profit Sharing
$496.65 - $5,034  
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).
)
$30,153 - $67,783  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 244
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$13$26$39
Hourly Rate
$12.40 - $25.78  
   
Overtime
$0.00 - $37.67  
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$26K$52K$78K
Bonus
$0.00 - $4,958  
   
Profit Sharing
$496.65 - $5,034  
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).
)
$30,153 - $67,783  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 113
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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 put a wide range of professional skills to use. Most notably, skills in Accounting, Financial Reporting, Bookkeeping, and Accounts Payable are correlated to pay that is above average. Skills that seem to negatively impact pay include Payroll Administration, Human Resources, and Accounts Receivable. Those proficient in Accounting are, more often than not, also skilled in 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. Financial Administrators in the early stages of their careers take home approximately $41K on average. The average for people in the five-to-10 year group is only a little larger at $43K. For Financial Administrators, 10 to 20 years of experience on the job amounts to an average salary of $46K. After two decades in the workforce, the average Financial Administrator generally earns more than ever; median pay for this group is estimated at $50K.

Related Job Salaries

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Experience Affects Financial Administrator Salaries




National Average
$43,000


Skills That Affect Financial Administrator Salaries

Accounting
up arrow 3%

Financial Reporting
up arrow 2%

National Average
$43,000

Bookkeeping
up arrow 4%



Human Resources
up arrow 7%


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 102 votes.

Gender

Female
84 %
Male
16 %

Years of Experience

Less than 1 year
2%
1-4 years
31%
5-9 years
24%
10-19 years
25%
20 years or more
18%

Common Health Benefits

medical benefits Medical: 67% dental benefits Dental: 52%
vision benefits Vision: 39% employee benefits None: 29%
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