Financial Specialist Salary (United States)

Pay for Financial Specialists in the United States is typically around $42,351 annually. Pay starts at $29,478 and can approach $70,598 per year on the higher side. Geography is the biggest factor affecting pay for this group, followed by career length. The vast majority of folks in this line of work enjoy health insurance benefits; most receive both medical and dental insurance and more than half get vision plans. Most Financial Specialists (65 percent) are women. Job satisfaction for Financial Specialists is high. The data for this snapshot was collected from individuals who took PayScale's salary survey.
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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Financial Specialists may experience a big boost in pay as they move up the career ladder. An upper-level role like Private Banker may bring in a lot more money — an additional $35K annually. More often than not, a Bank Branch Manager role is the next step for Financial Specialists moving up in the field, a transition which results in an annual $8,594 pay raise. Many other Financial Specialists choose to take on a Personal Banker role, where salaries typically go down by $7,814.

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.
At career start, salaries are typically $39K, which grows to $46K after five to 10 years. After 10 to 20 years, compensation comes in at $51K. Financial Specialists' pay declines to $48K, on average, after racking up two decades of experience. Experienced employees who have 10-20 years of experience make up 19 percent of the workforce; inexperienced individuals who have been working for less than one year comprise less than five, and senior people with more than 20 years under their belt fill out the remaining 11 percent. In this field, workers tend to have anywhere from one to nine years of experience—of those surveyed, more than half land within this range.

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, working in the bustling city of Washington has its advantages, including an above-average pay rate. Financial Specialists will also find cushy salaries in Philadelphia (+29 percent). Financial Specialists in Madison report much lower salaries than the rest of the country—23 percent below the national average—proving that residency is a major factor in overall pay.

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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