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Financial Administrator Salary

The average Financial Administrator in the United States earns approximately $46K annually. Overall cash earnings of Financial Administrators stretch from $30K near the bottom to $66K at the top, and the heftiest packages can encompass around $5K each from bonuses and profit sharing. Career duration is the biggest factor affecting pay for this group, followed by geography. Health benefits are not claimed by all — slightly less than a third lack any form of coverage — but more than half have medical insurance, and a little over a half have dental, too. The vast majority (86 percent) of Financial Administrators who took the survey are female. The majority of workers are highly satisfied with their job. The numbers in this rundown were provided by PayScale's salary survey participants.
$31,205 - $67,634
(Median)
31K
38K
46K
56K
68K
MEDIAN: $46,027
10%
25%
50%
75%
90%

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$11.92 - $24.22
(Median)
12
15
17
20
24
MEDIAN: $17.00
10%
25%
50%
75%
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$23K$46K$69K
Salary
$31,205 - $67,634  
   
Bonus
$0.00 - $5,000  
Profit Sharing
$498.33 - $4,818  
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).
)
$29,546 - $66,339  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 226
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
$11.92 - $24.22  
   
Overtime
$0.00 - $36.74  
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 - $5,000  
   
Profit Sharing
$498.33 - $4,818  
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).
)
$29,546 - $66,339  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 102
United States (change)

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.

Financial Administrator Job Listings

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Popular Skills for Financial Administrator


Survey results imply that Financial Administrators put a diverse skill set 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, Accounts Receivable, and Human Resources. 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.


Experience and pay tend to be weakly linked for Financial Administrators — those with more experience do not necessarily bring in higher earnings. The average inexperienced worker earns $40K, and someone who has worked for five to 10 years can expect a bigger median salary of $44K. Financial Administrators claiming one to two decades of experience make an estimated median of $45K. 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 $52K.

Related Job Salaries

Experience Affects Financial Administrator Salaries




National Average
$43,000


Skills That Affect Financial Administrator Salaries

Accounting
up arrow 1%

National Average
$43,000

Financial Reporting
up arrow 1%




Human Resources
up arrow 7%


Job Satisfaction

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

Gender

Female
86 %
Male
14 %

Years of Experience

Less than 1 year
2%
1-4 years
29%
5-9 years
26%
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%