Financial Specialist Salary

Median pay for Financial Specialists in the United States is around $48K annually. With some bonuses approaching $20K and certain profit sharing proceeds approaching $4K, overall incomes of Financial Specialists spread between $29K and $77K depending on individual performance. Geography is the biggest factor affecting pay for this group, followed by tenure. Most Financial Specialists like their work and job satisfaction is high. Most have medical and dental plans, and a strong majority have vision insurance. There are more female Financial Specialists who answered the questionnaire than male, making up 65 percent. The data in this summary comes from the PayScale salary survey.
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$33,454 - $80,777
$33K
$48K
$81K
MEDIAN: $48,296
10%
50%
90%

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$12.89 - $25.37
$13
$17
$25
MEDIAN: $17.14
10%
50%
90%

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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
$33,454 - $80,777  
   
Bonus
$0.00 - $20,000  
Profit Sharing
$0.30 - $4,363  
Commission
$10,174  
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).
)
$29,313 - $76,909  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 241
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
$12.89 - $25.37  
   
Overtime
$18.12 - $39.78  
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 - $20,000  
   
Commission
$10,174  
Profit Sharing
$0.30 - $4,363  
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).
)
$29,313 - $76,909  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 142

Find Out Exactly What You Should Be Paid

United States (change)

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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.

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Financial Specialist Tasks

  • Monitor and analyze finance numbers, providing guidance, forecasts, and issue identification.
  • Calculate and advise clients or team members on particular financial questions.
  • 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.

Common Career Paths for Financial Specialist


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Financial Specialists who go on to become Private Bankers may see their salaries climb quite a bit. Median pay for Private Bankers is $79K annually. Financial Specialists most often move into positions as Banking Branch Managers or Senior Financial Analysts; those groups report median salaries that are $7K higher and $31K higher, respectively.

Financial Specialist Job Listings

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Popular Skills for Financial Specialist


Financial Specialists seem to exploit a large range of skills on the job. Most notably, facility with Financial Modeling, Budget Management, and Banking are correlated to pay that is significantly above average, leading to increases of 46 percent, 45 percent, and 43 percent, respectively. At the other end of the pay range are skills like Billing, Accounts Payable, and Accounts Receivable. It is often found that people who know Accounting are also skilled in Customer Service.

Pay by Experience Level for Financial Specialist

Pay by Experience for a Financial Specialist has a positive trend. An entry-level Financial Specialist with less than 5 years of experience can expect to earn an average total compensation of $42,000 based on 205 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Financial Specialist with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $48,000 based on 106 salaries. An experienced Financial Specialist which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $56,000 based on 75 salaries. A Financial Specialist with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $53,000 based on 32 salaries.

Pay Difference by Location

National Average: $44,913

Larger city markers indicate a job is popular in that location.

For Financial Specialists, busy Washington offers a higher-than-average pay rate, 55 percent above the national average. Financial Specialists can also look forward to large paychecks in cities like Dallas (+42 percent), New York (+33 percent), Philadelphia (+23 percent), and Chicago (+20 percent). Financial Specialists in Madison earn salaries far below the national average by 27 percent, proving that geography overwhelmingly affects the pay scale for those in this field. Columbus and Atlanta are a couple other places where companies are known to pay below the median — salaries are 26 percent lower and 17 percent lower, respectively.

Financial Specialist Reviews

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

Financial Specialist in Madison:
"Great city...but so cold in winter."
Pros: I love that I get to work in the middle of it all. There is a farmer's market in the summer right outside my building's door. There are cultural events taking place during the week up on the capitol and over on the terrace. It is a great place to go to work!
Cons: It is super hard to find free parking. I sacrificed the ability to enjoy the cultural events in town, in order to free up an hour of my life finding parking. Now I carpool and save time and money! Sometimes the events can disrupt an otherwise normal commute. The carpool leaves earlier so we often get to miss the crazy traffic.

Related Job Salaries

Key Stats for Financial Specialist

Gender

Female
65 %
Male
35 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 45 votes.
Less than 1 year
6%
1-4 years
45%
5-9 years
23%
10-19 years
17%
20 years or more
9%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Financial Specialist Salaries

▲26%

▲18%

▲8%

National Average
$45,000

▼7%

Skills That Affect Financial Specialist Salaries


Budget Management
▲45%

Banking
▲43%

General Ledger Accounting
▲15%

▲11%


Financial Reporting
▲1%


▼0%

National Average
$45,000



Accounts Receivable
▼11%

Accounts Payable
▼11%

Billing
▼17%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 45 votes.

Gender

Female
65 %
Male
35 %

Years of Experience

Less than 1 year
6%
1-4 years
45%
5-9 years
23%
10-19 years
17%
20 years or more
9%

Common Health Benefits

medical benefits
Medical: 86%
dental benefits
Dental: 82%
vision benefits
Vision: 75%
no benefits
None: 11%
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