Financial Specialist Salary

Median pay for Financial Specialists in the United States is around $48K per year. Cash earnings for Financial Specialists — including $20K in bonuses and $4K in profit sharing proceeds near the top of the pay scale — generally stretch from $29K to $77K depending on individual performance. Geographic location and tenure each impact pay for this group, with the former having the largest influence. Job satisfaction for Financial Specialists is high. Financial Specialists survey participants are largely women, dominating at 66 percent. A large number report receiving medical coverage from their employers and most collect dental insurance. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
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$33,154 - $81,814
$33K
$48K
$82K
MEDIAN: $47,994
10%
50%
90%

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$12.91 - $25.29
$13
$17
$25
MEDIAN: $17.33
10%
50%
90%

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$0$81K
Salary $33,154 - $81,814
Bonus $0.38 - $19,574
Profit Sharing $0.21 - $3,915
Commission $7,500
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).
)
$29,110 - $76,882
  • Country: United States
  • Currency: USD
  • Updated: 25 Jul 2017
  • Individuals Reporting: 235
Hourly Data $0$39
Hourly Rate $12.91 - $25.29
Overtime $17.00 - $39.20
Annual Data $0$76K
Bonus $0.38 - $19,574
Commission $7,500
Profit Sharing $0.21 - $3,915
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).
)
$29,110 - $76,882
  • Country: United States
  • Currency: USD
  • Updated: 25 Jul 2017
  • Individuals Reporting: 145

Find Out Exactly What You Should Be Paid

United States (change)

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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As Financial Specialists transition into upper-level roles such as Private Banker, they may see a strong upturn in salary. Private Bankers earn $79K on average per year. 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

Popular Skills for Financial Specialist


Financial Specialists report using 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 47 percent, 45 percent, and 43 percent, respectively. At the other end of the pay range are skills like Billing, Accounts Payable, and Accounts Receivable. Most people who know Accounting also know 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: $44,713

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

Financial Specialists will find that Washington offers an impressive pay rate, one which exceeds the national average by 55 percent. Financial Specialists will also find cushy salaries in Dallas (+43 percent), New York (+33 percent), Philadelphia (+23 percent), and Chicago (+20 percent). Financial Specialists in Madison take home the lowest salaries, earning a whopping 26 percent less than the national average. Not at the bottom but still paying below the median are employers in Columbus and Atlanta (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.

Financial Specialist in Grand Rapids:
"Organization and accuracy."
Pros: I enjoy keeping the accounts organized, accurate and up to date.
Cons:

Related Job Salaries

Key Stats for Financial Specialist

Gender

Female
66 %
Male
34 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 49 votes.
Less than 1 year
6%
1-4 years
45%
5-9 years
24%
10-19 years
17%
20 years or more
8%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Financial Specialist Salaries

▲26%

▲19%

▲8%

National Average
$45,000

▼6%

Skills That Affect Financial Specialist Salaries


Budget Management
▲45%

Banking
▲43%

General Ledger Accounting
▲16%

▲12%



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 49 votes.

Gender

Female
66 %
Male
34 %

Years of Experience

Less than 1 year
6%
1-4 years
45%
5-9 years
24%
10-19 years
17%
20 years or more
8%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 82%
vision benefits
Vision: 74%
no benefits
None: 10%
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