Financial Analyst, Corporate Salary
The average Corporate Financial Analyst in the United States earns approximately $62K per year. Overall cash earnings for Corporate Financial Analysts stretch from $46K on the lower end to $95K near the top, and the heftiest packages can encompass around $12K from bonuses and $15K from profit sharing. Residence and career length each impact pay for this group, with the former having the largest influence. Almost all enjoy medical while a large number get dental coverage. Vision coverage is also available to a fair number. Among folks in this role, job satisfaction levels approximately match the national average. The majority of Corporate Financial Analysts (69 percent) who took the survey are men. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
Job Description for Financial Analyst, Corporate
A corporate financial analyst’s main responsibilities include analyzing and understanding programs such as rebates, royalties, marketing support, and/or promotions. They also have to research, find, and fix any problems associated with customer liability. A corporate financial analyst reviews contracts to make sure companies comply with their organization's standards and audit controls, as well as make sure that fiscal year-end closing deadlines are all met (and any financial schedule is properly prepared). Corporate financial analysts also have to create reports on their analysis as required by management.Read More...
Qualifications for this position typically include a bachelor’s degree in finance or a related field. Employers may also require prior experience in a similar role. A corporate financial analyst should have a thorough understanding of relational databases and be proficient in basic computer software such as Microsoft Excel and Access. They must have excellent interpersonal skills to communicate effectively with individuals at all levels of their organization. The corporate financial analyst's environment is typically high volume and fast paced, requiring the analyst to handle multiple projects at a time. The corporate financial analyst typically works during regular business hours, although overtime may be required as deadlines occur.
Financial Analyst, Corporate Tasks
- Assess trends in client and market behavior and modify strategies to optimize financial growth.
- Manage portfolios and update customers on current or future developments.
- Create financial strategies for customers in line with their desires and resources.
- Manage client relationships and grow customer base.
Common Career Paths for Financial Analyst, Corporate
Corporate Financial Analysts' salaries may rise greatly for those who assume a higher-end position such as a Chief Financial Officer. The average Chief Financial Officer brings home $123K per year. When Corporate Financial Analysts are ready for the next step in their careers, they often become Senior Financial Analysts or Finance Managers. Those roles pay an additional $11K and $20K, respectively.
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Popular Skills for Financial Analyst, Corporate
Survey results imply that Corporate Financial Analysts deploy a substantial tool kit of skills at work. Most notably, skills in Accounting, Financial Reporting, Budgeting, and Data Analysis are correlated to pay that is above average, with boosts between 3 percent and 5 percent. Skills that seem to negatively impact pay include Microsoft Access, Microsoft Office, and Cognos. For most people, competency in Financial Analysis indicates knowledge of Data Analysis, Forecasting, and Accounting.
Pay by Experience Level for Financial Analyst, Corporate
Median of all compensation (including tips, bonus, and overtime) by years of experience.
In general, experience and pay appear to be strongly linked; those with more experience usually bring in higher incomes. The median compensation for relatively untried workers is $60K; in the five-to-10 year group, it's higher at around $74K. Corporate Financial Analysts bring in $80K after working for 10 to 20 years. Average wages for folks with more than 20 years of experience come out to around $100K.
Pay Difference by Location
With a pay rate for Corporate Financial Analysts that is 65 percent greater than the national average, San Francisco offers a comfortable salary for those in this profession. Corporate Financial Analysts will also find cushy salaries in Boston (+19 percent), Dallas (+14 percent), Chicago (+12 percent), and Portland (+10 percent). The smallest paychecks in the market, 7 percent south of the national average, can be found in Orlando. Not at the bottom but still paying below the median are employers in Los Angeles and Columbus (3 percent lower and 2 percent lower, respectively).