Financial Administrator Salary

Earnings for Financial Administrators in the United States come in at around $48K annually on average. Geography is the biggest factor affecting pay for this group, followed by years of experience. Most Financial Administrators like their work and job satisfaction is high. Over a third of professionals in this line of work do not receive benefits; however, the larger part report medical coverage and just over two-fifths claim dental coverage as well. The vast majority of Financial Administrators (88 percent) who responded to the survey are women. Figures cited in this summary are based on replies to PayScale's salary questionnaire.

$34,908 - $76,834
$35K
$48K
$77K
MEDIAN: $47,682
10%
50%
90%

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$13.24 - $24.79
$13
$19
$25
MEDIAN: $18.63
10%
50%
90%

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$0$76K
Salary $34,908 - $76,834
Bonus $0.00 - $7,871
Profit Sharing $1,000
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).
)
$30,644 - $67,085
  • Country: United States
  • Currency: USD
  • Updated: 25 Jul 2017
  • Individuals Reporting: 164
Hourly Data $0$36
Hourly Rate $13.24 - $24.79
Overtime $18.42 - $36.06
Annual Data $0$67K
Bonus $0.00 - $7,871
Profit Sharing $1,000
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).
)
$30,644 - $67,085
  • Country: United States
  • Currency: USD
  • Updated: 25 Jul 2017
  • Individuals Reporting: 127

Find Out Exactly What You Should Be Paid

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

  • 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

Popular Skills for Financial Administrator


Financial Administrators report using a pretty varied skill set on the job. Most notably, skills in Financial Analysis, General Ledger Accounting, Financial Reporting, and Accounting are correlated to pay that is above average. Skills that are correlated to lower pay, on the other hand, include Human Resources and Accounts Receivable. Most people experienced in 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: $43,991

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 (+17 percent), and Atlanta (+14 percent). With compensation 10 percent below the national average, Pittsburgh is not known for hefty paychecks and actually represents the lowest-paying market.

Financial Administrator Reviews

Q: What is it like working as a Financial Administrator?

Financial Administrator in New York:
"Work."
Pros: Work and life balance and no stress but very important job.
Cons: Obtaining relevant licences are far from the position.

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
4%
1-4 years
31%
5-9 years
21%
10-19 years
27%
20 years or more
17%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Financial Administrator Salaries

▲13%

▲6%

▲4%

National Average
$44,000

▼6%

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
4%
1-4 years
31%
5-9 years
21%
10-19 years
27%
20 years or more
17%

Common Health Benefits

medical benefits
Medical: 63%
dental benefits
Dental: 44%
vision benefits
Vision: 39%
no benefits
None: 35%
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