Financial Administrator Salary

The average Financial Administrator in the United States can expect to rake in roughly $46K per year. Overall incomes of Financial Administrators generally bottom out at around $30K and peak near $65K; the final number can, in exceptional cases, include upwards of $5K each for bonuses and profit sharing proceeds. Residence and career duration each impact pay for this group, with the former having the largest influence. Among survey respondents, women are more common than men; 85 percent of Financial Administrators are female. For the most part, Financial Administrators enjoy their work and report high levels of job satisfaction. Although about one in three lack health benefits of any kind, the larger part do enjoy medical insurance, and approximately one-half get dental coverage, too.

$32,048 - $66,181
(Median)
$32K
$46K
$66K
MEDIAN: $46,017
10%
50%
90%

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$12.63 - $24.80
(Median)
$13
$18
$25
MEDIAN: $17.00
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$23K$46K$69K
Salary
$32,048 - $66,181  
   
Bonus
$0.00 - $5,095  
Profit Sharing
$500 - $5,000  
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).
)
$30,062 - $64,970  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 273
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$13$26$39
Hourly Rate
$12.63 - $24.80  
   
Hourly Tips
$0.00  
Overtime
$0.00 - $36.99  
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$26K$52K$78K
Bonus
$0.00 - $5,095  
   
Profit Sharing
$500 - $5,000  
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).
)
$30,062 - $64,970  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 147
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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


Financial Administrators generally report applying a varied skill set to their work. Most notably, skills in Financial Reporting, Accounting, Accounts Payable, and Bookkeeping are correlated to pay that is above average. Skills that seem to negatively impact pay include Human Resources, Payroll Administration, 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.


Financial Administrators with a lot of experience do not necessarily enjoy more money. The median compensation for relatively untried workers is $40K; in the five-to-10 year group, it's higher at around $44K. Financial Administrators see a median salary of $45K after reaching one to two decades on the job. As Financial Administrators reach more than two decades on the job, compensation remains commensurate with experience; the average pay in this group is $49K.

Pay Difference by Location

National Average: $43,116

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

For those looking to make money, Financial Administrators in Oklahoma City enjoy an exceptional pay rate, 19 percent above the national average. Financial Administrators will also find cushy salaries in Cincinnati (+18 percent), Atlanta (+16 percent), New York (+12 percent), and Richmond (+5 percent). Pittsburgh is the lowest-paying area, 8 percent south of the national average.

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
$43,000


Skills That Affect Financial Administrator Salaries

Financial Reporting
up arrow 3%

Accounting
up arrow 2%

Accounts Payable
0%

National Average
$43,000

Bookkeeping
up arrow 3%



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
30%
5-9 years
22%
10-19 years
28%
20 years or more
17%

Common Health Benefits

medical benefits
Medical: 64%
dental benefits
Dental: 50%
medical benefits
Vision: 39%
dental benefits
None: 32%
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