Financial Specialist Salary

Financial Specialists in the United States pull down an average of $48K annually. Including potential for bonuses, profit sharing and commission — peaking near $10K, $6K, and $21K, respectively — total cash payment to Financial Specialists can bottom out near $30K or top out at around $75K. Geographic location is the biggest factor affecting pay for this group, followed by career length. Medical benefits are awarded to most, and a strong majority earn dental coverage. Women account for the majority of Financial Specialists who responded to the questionnaire — 61 percent to be exact. The majority of workers are highly satisfied with their job. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
Read More
$33,216 - $78,105
(Median)
$33K
$48K
$78K
MEDIAN: $47,604
10%
50%
90%

Add this chart to your site: 640px    300px

$12.61 - $24.82
(Median)
$13
$17
$25
MEDIAN: $17.00
10%
50%
90%

Add this chart to your site: 640px    300px

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$27K$54K$81K
Salary
$33,216 - $78,105  
   
Bonus
$0.00 - $10,191  
Profit Sharing
$986 - $6,153  
Commission
$1,973 - $20,608  
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).
)
$30,171 - $75,015  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 320
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$14$28$42
Hourly Rate
$12.61 - $24.82  
   
Overtime
$18.93 - $39.21  
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$28K$56K$84K
Bonus
$0.00 - $10,191  
   
Commission
$1,973 - $20,608  
Profit Sharing
$986 - $6,153  
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).
)
$30,171 - $75,015  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 167
United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

Job Description for Financial Specialist

A financial specialist is primarily responsible for selling services and products at a financial institution and meeting with customers to understand their needs. Generally, this person should have have a high school diploma or equivalent, though many companies also require a Bachelor’s degree in a field such as Finance or Marketing and/or training or courses in economics, finance, marketing, or mathematics.

Read More...

Financial Specialist Tasks

  • 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


Add this chart to your site:   640px 640px    300px 300px


Financial Specialists may progress into high-paying roles like Private Banker, where median compensation is $80K annually. Career advancement for the typical Financial Specialist often leads to becoming a Banking Branch Manager or a Senior Financial Analyst; median salaries in these positions are $7K higher and $30K higher, respectively.

Financial Specialist Job Listings

Search for more jobs:

Popular Skills for Financial Specialist


Survey results imply that Financial Specialists deploy a deep pool of skills on the job. Lucky workers who know Banking can expect a significant pay bump, scoring salaries 43 percent above average. Financial Reporting and Sales are also correlated to pay that is above average, with increases between 17 percent and 43 percent. Those listing Accounts Payable as a skill should be prepared for drastically lower pay. Customer Service and Billing also typically command lower compensation. Accounting and Financial Analysis are also commonly seen together.

Pay by Experience Level for Financial Specialist

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Workers in their first five years can expect to earn $42K, but people who have been around for five to 10 years earn a noticeably bigger sum of $47K. The average pay reported by folks with 10 to 20 years of experience is around $52K. Respondents who boast more than two decades on the job don't boast commensurate pay, unfortunately; these veterans see average earnings of only $51K.

Related Job Salaries

United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

Experience Affects Financial Specialist Salaries


Late-Career
up arrow 15%


National Average
$45,000


Skills That Affect Financial Specialist Salaries

Financial Reporting
up arrow 43%

Banking
up arrow 43%

up arrow 17%

General Ledger Accounting
up arrow 15%

Financial Modeling
up arrow 13%


Data Analysis
up arrow 8%

Budget Management
up arrow 4%

Microsoft Excel
up arrow 1%

National Average
$45,000

Accounting
up arrow 4%

Accounts Receivable
up arrow 13%

Customer Service
up arrow 17%

Billing
up arrow 17%

Accounts Payable
up arrow 29%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 104 votes.

Gender

Female
61 %
Male
39 %

Years of Experience

Less than 1 year
5%
1-4 years
41%
5-9 years
25%
10-19 years
20%
20 years or more
9%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 79%
medical benefits
Vision: 73%
dental benefits
None: 9%
ADVERTISEMENT