Financial Administrator Salary

The average Financial Administrator in the United States earns approximately $47K annually. In the world of Financial Administrators, overall cash allowance can occasionally include more than $9K from bonuses and, in some exceptional cases, $3K from profit sharing, causing incomes to vary widely between $31K and $67K. Residence is the biggest factor affecting pay for this group, followed by experience level. Unfortunately, some people in this line of work are without benefits — over a third lack coverage. On the flip side, more than half have medical insurance and just over two-fifths receive dental plans. Most workers in this position report high levels of job satisfaction. Women account for the majority of Financial Administrators who took the survey — 88 percent to be exact. This report is based on responses to the PayScale salary survey.

$34,733 - $77,323
$35K
$47K
$77K
MEDIAN: $46,910
10%
50%
90%

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$13.43 - $24.82
$13
$18
$25
MEDIAN: $18.34
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
$34,733 - $77,323  
   
Bonus
$0.00 - $9,123  
Profit Sharing
$0.00 - $2,632  
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).
)
$30,742 - $67,322  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 171
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$12$24$36
Hourly Rate
$13.43 - $24.82  
   
Overtime
$18.89 - $35.26  
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$24K$48K$72K
Bonus
$0.00 - $9,123  
   
Profit Sharing
$0.00 - $2,632  
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).
)
$30,742 - $67,322  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 125

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United States (change)

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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

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

Financial Administrator Job Listings

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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 Financial Analysis, General Ledger Accounting, Financial Reporting, and Accounting are correlated to pay that is above average. Skills that seem to negatively impact pay include Human Resources, Accounts Receivable, and Accounts Payable. Most people who know Accounting also know Bookkeeping and Payroll Administration.

Pay by Experience Level for Financial Administrator

Pay by Experience for a Financial Administrator has a positive trend. An entry-level Financial Administrator with less than 5 years of experience can expect to earn an average total compensation of $41,000 based on 130 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Financial Administrator with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $46,000 based on 83 salaries. An experienced Financial Administrator which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $47,000 based on 83 salaries. A Financial Administrator with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $50,000 based on 37 salaries.

Pay Difference by Location

National Average: $44,114

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

For Financial Administrators, working in the bustling city of Washington has its advantages, including an above-average pay rate. Financial Administrators can also look forward to large paychecks in cities like Chicago (+23 percent), Houston (+22 percent), Oklahoma City (+16 percent), and Atlanta (+13 percent). The smallest paychecks in the market, 10 percent south of the national average, can be found in Pittsburgh.

Financial Administrator Reviews

Q: 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.

Related Job Salaries

Key Stats for Financial Administrator

Gender

Female
88 %
Male
12 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 60 votes.
Less than 1 year
3%
1-4 years
32%
5-9 years
20%
10-19 years
28%
20 years or more
16%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Financial Administrator Salaries

▲13%

▲6%

▲4%

National Average
$44,000

▼7%

Skills That Affect Financial Administrator Salaries

Financial Analysis
▲18%

General Ledger Accounting
▲7%


Accounting
▼0%

National Average
$44,000

▼2%




Human Resources
▼9%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 60 votes.

Gender

Female
88 %
Male
12 %

Years of Experience

Less than 1 year
3%
1-4 years
32%
5-9 years
20%
10-19 years
28%
20 years or more
16%

Common Health Benefits

medical benefits
Medical: 63%
dental benefits
Dental: 43%
vision benefits
Vision: 37%
no benefits
None: 35%
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