Financial Administrator Salary

Financial Administrators in the United States pull down an average of $46K per year. With some bonuses and profit sharing proceeds approaching $5K each, total incomes of Financial Administrators generally range from $30K to $66K depending on individual performance. Residence and tenure each impact pay for this group, with the former having the largest influence. Most Financial Administrators report high levels of job satisfaction. Some workers in this field — just under a third — are not awarded benefits. Medical coverage is reported by more than half and dental plans are enjoyed by approximately half. Women account for the majority of Financial Administrators who took the survey — 85 percent to be exact.

$31,420 - $66,862
(Median)
$31K
$46K
$67K
MEDIAN: $46,117
10%
50%
90%

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$12.36 - $24.86
(Median)
$12
$17
$25
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$23K$46K$69K
Salary
$31,420 - $66,862  
   
Bonus
$0.00 - $5,042  
Profit Sharing
$496.65 - $4,848  
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).
)
$29,998 - $66,260  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 235
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
$12.36 - $24.86  
   
Overtime
$0.00 - $37.58  
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 - $5,042  
   
Profit Sharing
$496.65 - $4,848  
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).
)
$29,998 - $66,260  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 112

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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.

Financial Administrator Job Listings

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Popular Skills for Financial Administrator


Financial Administrators generally report applying a varied skill set to their work. 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 educated in Accounting tend to be well versed 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.


Experience does not seem to be a strong driver of pay increase in this role. Relatively untried employees who have fewer than five years of experience earn around $40K on average. People who have worked for five to 10 years can expect a higher median salary of $43K. After working for 10 to 20 years, Financial Administrators make a median salary of $45K. In the end, the overall pattern seems to be that more experience generally corresponds to higher pay; a Financial Administrator with more than 20 years of experience can earn $51K on average.

Related Job Salaries

United States (change)

Experience Affects Financial Administrator Salaries




National Average
$43,000


Skills That Affect Financial Administrator Salaries

Accounting
up arrow 2%

Financial Reporting
up arrow 1%

National Average
$43,000

Bookkeeping
up arrow 4%



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
29%
5-9 years
25%
10-19 years
26%
20 years or more
18%

Common Health Benefits

medical benefits Medical: 66% dental benefits Dental: 51%
vision benefits Vision: 38% employee benefits None: 29%