Junior Financial Analyst Salary

Pay for Junior Financial Analysts in the United States sits in the ballpark of $46K per year. Overall cash earnings for Junior Financial Analysts stretch from $35K on the lower end to $62K near the top, and the heftiest packages can encompass around $6K from bonuses and $20K from profit sharing. Career duration and the particular city each impact pay for this group, with the former having the largest influence. Job satisfaction is reported as high by the vast majority of workers. A large number report receiving medical coverage from their employers and most collect dental insurance. Male Junior Financial Analysts who responded to the survey are more common than women; more than half (61 percent) are men. This report is based on answers to PayScale's salary questionnaire.
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$35,660 - $61,348
(Median)
$36K
$46K
$61K
MEDIAN: $45,857
10%
50%
90%

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$14.47 - $25.01
(Median)
$14
$20
$25
MEDIAN: $19.00
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$21K$42K$63K
Salary
$35,660 - $61,348  
   
Bonus
$0.00 - $5,972  
Profit Sharing
$0.00 - $19,574  
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).
)
$35,302 - $62,470  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 296
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$13$26$39
Hourly Rate
$14.47 - $25.01  
   
Overtime
$18.38 - $36.31  
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$26K$52K$78K
Bonus
$0.00 - $5,972  
   
Profit Sharing
$0.00 - $19,574  
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).
)
$35,302 - $62,470  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 47
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Job Description for Junior Financial Analyst

A junior financial analyst is responsible for assisting senior analysts in various accounting and/or financial management duties. Depending on the structure and function of the organization, a junior financial analyst may be part of the finance or accounting department. Duties may include gathering and analyzing market data, as well as drafting financial reports. Data collection may take place through research, interviews, and Internet searches. Analysis is typically communicated through written financial and statistical reports. Accounting tasks tend to include preparation of monthly accounting statements, analysis of internal financials, monitoring budgets, and documenting variances. At the discretion of the senior team members, a junior financial analyst may also be called on to make recommendations.

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Junior Financial Analyst Tasks

  • Analyze business processes and procedures to identify areas of weakness; offer solutions to improve operations.
  • Prepare financial reports on market trends, customer analysis, statistics, costs and margin structures.
  • Analyze and interpret financial and market data to provide logical, repeatable explanations.

Common Career Paths for Junior Financial Analyst


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Many Junior Financial Analysts move into a Senior Financial Analyst role, and folks who currently hold that position report a much higher median income of $75K per year.

Junior Financial Analyst Job Listings

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Popular Skills for Junior Financial Analyst


Junior Financial Analysts seem to require a number of specific skills. Most notably, skills in Data Analysis, Financial Reporting, Financial Analysis, and Microsoft Excel are correlated to pay that is above average. At the other end of the pay range are skills like Microsoft Office and Financial Modeling. Most people who know Financial Analysis also know Financial Reporting.

Pay Difference by Location

National Average: $45,877

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

For Junior Financial Analysts, working in the bustling city of Houston has its advantages, including an above-average pay rate. Junior Financial Analysts will also find cushy salaries in Boston (+8 percent), New York (+5 percent), Washington (+5 percent), and Los Angeles (+3 percent). Those in the field find the lowest salaries in Chicago, 12 percent below the national average.

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Experience Affects Junior Financial Analyst Salaries

Experienced
up arrow 53%

Mid-Career
up arrow 8%

National Average
$46,000


Skills That Affect Junior Financial Analyst Salaries

Data Analysis
up arrow 8%

Financial Reporting
up arrow 4%

Financial Analysis
up arrow 2%

Microsoft Excel
0%

National Average
$46,000

Financial Modeling
up arrow 4%

Microsoft Office
up arrow 7%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 28 votes.

Gender

Female
39 %
Male
61 %

Years of Experience

Less than 1 year
30%
1-4 years
60%
5-9 years
6%
10-19 years
3%
20 years or more
1%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 81%
medical benefits
Vision: 63%
dental benefits
None: 11%
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