Junior Financial Analyst Salary

The average Junior Financial Analyst in the United States earns approximately $49K annually. Total incomes of Junior Financial Analysts incorporate potential for, in a few cases, more than $7K from bonuses and close to $8K from profit sharing; these performance components cause packages to range between $39K and $63K. Career length is the biggest factor affecting pay for this group, followed by geography. Most get medical and dental insurance, and more than half get vision plans, too. Most people in this profession are content with their work, and moderate levels of job satisfaction are reported. Most people who answered the questionnaire are men; 61 percent of Junior Financial Analysts are male. This report is based on answers to PayScale's salary questionnaire.
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$39,425 - $62,844
$39K
$49K
$63K
MEDIAN: $48,884
10%
50%
90%

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$15.18 - $24.96
$15
$20
$25
MEDIAN: $20.09
10%
50%
90%

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$0$63K
Salary $39,425 - $62,844
Bonus $0.00 - $7,000
Profit Sharing $0.00 - $7,854
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).
)
$38,800 - $63,220
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 213
Hourly Data $0$38
Hourly Rate $15.18 - $24.96
Overtime $18.75 - $38.82
Annual Data $0$63K
Bonus $0.00 - $7,000
Profit Sharing $0.00 - $7,854
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).
)
$38,800 - $63,220
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 41

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United States (change)

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

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 $76K per year.

Junior Financial Analyst Job Listings

Popular Skills for Junior Financial Analyst


Survey results suggest that Junior Financial Analysts put a wide range of professional skills to use. Most notably, skills in Data Analysis, Financial Analysis, Financial Modeling, and Financial Reporting are correlated to pay that is above average. Skills that seem to negatively impact pay include Microsoft Office. Most people skilled in Financial Analysis are similarly competent in Financial Reporting.

Pay Difference by Location

National Average: $48,758

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

For those looking to make money, Junior Financial Analysts in Chicago enjoy an exceptional pay rate, 8 percent above the national average. Junior Financial Analysts can also look forward to large paychecks in cities like Dallas (+6 percent), Washington (+4 percent), Houston (+3 percent), and Los Angeles (+3 percent). The smallest paychecks in the market, 7 percent south of the national average, can be found in San Diego. Workers in Atlanta and Philadelphia earn less than others in this profession; their salaries fall short of the national average by 2 percent.

Related Job Salaries

Key Stats for Junior Financial Analyst

Gender

Female
39 %
Male
61 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 26 votes.
Less than 1 year
27%
1-4 years
67%
5-9 years
4%
10-19 years
0%
20 years or more
1%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Junior Financial Analyst Salaries

Experienced
▲44%

▲8%

National Average
$49,000

▼1%

Skills That Affect Junior Financial Analyst Salaries




Financial Modeling
▲2%

Microsoft Excel
▼0%

National Average
$49,000

Microsoft Office
▼12%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 26 votes.

Gender

Female
39 %
Male
61 %

Years of Experience

Less than 1 year
27%
1-4 years
67%
5-9 years
4%
10-19 years
0%
20 years or more
1%

Common Health Benefits

medical benefits
Medical: 84%
dental benefits
Dental: 81%
vision benefits
Vision: 68%
no benefits
None: 11%
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