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Financial Administrator Salary

Financial Administrators in the United States can expect wages of $46K annually on average. Total cash compensation to Financial Administrators varies from $30K to $67K; higher pay grades include potential for bonuses and profit sharing as high as $5K each. Residence is the biggest factor affecting pay for this group, followed by career length. Health benefits are not claimed by all — slightly less than a third lack any form of coverage — but the greater part have medical insurance, and approximately one-half have dental, too. Financial Administrators who responded to the questionnaire are largely women, dominating at 85 percent. The majority of workers are highly satisfied with their job.

$31,705 - $67,472
(Median)
$32K
$46K
$67K
MEDIAN: $46,474
10%
50%
90%

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$12.36 - $25.32
(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
$31,705 - $67,472  
   
Bonus
$0.00 - $4,941  
Profit Sharing
$498.33 - $5,017  
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).
)
$30,083 - $66,643  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 238
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 - $25.32  
   
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 - $4,941  
   
Profit Sharing
$498.33 - $5,017  
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).
)
$30,083 - $66,643  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 112

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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

  • 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 suggest that Financial Administrators put a wide range of professional skills to use. Most notably, skills in Financial Reporting, Accounting, 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. 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.


For Financial Administrators, experience does not seem to be a major factor in determining pay. The average inexperienced worker's salary is approximately $41K, and people with five to 10 years of experience bring in more at around $44K on average. The average pay reported by folks with 10 to 20 years of experience is around $46K. Financial Administrators who have acquired more than two decades of experience generally do see greater compensation; their average income is approximately $51K.

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 2%

National Average
$43,000




Human Resources
up arrow 7%


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 100 votes.

Gender

Female
85 %
Male
15 %

Years of Experience

Less than 1 year
2%
1-4 years
30%
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%
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