Financial Specialist Salary (United States)

For Financial Specialists, commissions account for a significant portion of income and add up to more than a third of their $42,351 annual pay. Compensation ranges from $29,478 on the low end to $70,598 per year on the high end. Geography and tenure each impact pay for this group, with the former having the largest influence. Medical benefits are awarded to a strong majority, and most earn dental coverage. Female Financial Specialists are more common than men; more than half (65 percent) of Financial Specialists are women. Job satisfaction is reported as high by the vast majority of workers. Participants in PayScale's salary questionnaire provided the particulars of this report.
Financial Specialist Salary (?
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.
)
$31,820 - $71,175
(Median)
32K
44K
58K
71K
MEDIAN: $44,475
10%
50%
75%
90%
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Financial Specialist Salary (?
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.
)
$11.56 - $23.42
(Median)
12
14
17
20
23
MEDIAN: $16.00
10%
25%
50%
75%
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$24K$48K$72K
Salary
$31,820 - $71,175  
   
Bonus
$0.00 - $8,500  
Profit Sharing
$1,650 - $5,250  
Commission
$5,000 - $19,774  
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).
)
$29,478 - $70,598  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 211
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
$11.56 - $23.42  
   
Overtime
$15.52 - $38.59  
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 - $8,500  
   
Commission
$5,000 - $19,774  
Profit Sharing
$1,650 - $5,250  
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).
)
$29,478 - $70,598  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 107
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Job Description for Financial Specialist

  • Provide insight on financial trends, suggest optimization strategies, and offer insight into potential business models.
  • Submit summaries and reports documenting analyses, technical, and factual research.
  • Monitor and analyze finance numbers, providing guidance, forecasts, and issue identification.
  • Calculate and advise clients or team members on particular financial questions.

Common Career Paths for Financial Specialist

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Additional career progression can lead to a hefty increase in pay for Financial Specialists. At the upper end, those who move into a Private Banker role can bring in an extra $35K per year. Financial Specialists go on to become Bank Branch Managers more often than anything else, where paychecks are higher by $8,594. Financial Specialists will find lower salaries (-$7,814) when they move into a Personal Banker role, another well-traveled path for those in this field.

Financial Specialist Job Listings

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Pay by Experience Level for Financial Specialist

Median of all compensation (including tips, bonus, and overtime) by years of experience.
Beginning workers can expect to earn $39K starting out, which grows to $46K after five to 10 years. Pay amounts to $51K after 10 to 20 years. After 20 years on the job, salaries actually take a dive for Financial Specialists, averaging around $48K. Experienced employees who have 10-20 years of experience make up about one in five of the workforce; inexperienced individuals who have been working for less than one year comprise less than five percent, and senior people with more than 20 years under their belt fill out the remaining 11 percent. More than half of respondents report having between one and nine years of experience in this field.

Pay Difference By Location

Washington
up arrow 63%
Philadelphia
up arrow 29%
National Average
$42,000
Madison
up arrow 23%
Larger circles over a city indicate a job is popular in that location.
For Financial Specialists, Washington provides a pay rate that is 63 percent greater than the national average. Financial Specialists will also find cushy salaries in Philadelphia (+29 percent). Financial Specialists in Madison earn salaries far below the national average by 23 percent, proving that geography overwhelmingly affects the pay scale for those in this field.

Related Job Salaries

Experience Affects Financial Specialist Salaries

Experienced
up arrow 20%
Late-Career
up arrow 14%
National Average
$42,000

Skills That Affect Financial Specialist Salaries

Sales
up arrow 24%
National Average
$42,000
Microsoft Excel
up arrow 2%
Accounting
up arrow 3%
Customer Service
up arrow 12%
Billing
up arrow 12%

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 94 votes.

Gender

Female
65%
female alumni
 
Male
35%
male alumni

Years of Experience

Less than 1 year
4%
1-4 years
39%
5-9 years
28%
10-19 years
19%
20 years or more
11%

Common Health Benefits

medical benefits Medical: 85% dental benefits Dental: 76%
vision benefits Vision: 64% employee benefits None: 11%
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