Junior Financial Analyst Salary

Average Junior Financial Analysts in the United States make around $45K per year. Career length and the particular city each impact pay for this group, with the former having the largest influence. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to the greater part. The majority of Junior Financial Analysts claim high levels of job satisfaction. Male Junior Financial Analysts who responded to the survey are more common than women; more than half (63 percent) are men. Figures cited in this summary are based on replies to PayScale's salary questionnaire.
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$35,026 - $59,919
(Median)
$35K
$45K
$60K
MEDIAN: $44,522
10%
50%
90%

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$13.58 - $24.99
(Median)
$14
$19
$25
MEDIAN: $19.00
10%
50%
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$21K$42K$63K
Salary
$35,026 - $59,919  
   
Bonus
$0.00 - $5,624  
Profit Sharing
$0.00 - $1,160  
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).
)
$34,643 - $60,931  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 234
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$12$24$36
Hourly Rate
$13.58 - $24.99  
   
Overtime
$1.20 - $35.98  
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$24K$48K$72K
Bonus
$0.00 - $5,624  
   
Profit Sharing
$0.00 - $1,160  
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).
)
$34,643 - $60,931  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 38
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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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Advancing into a Senior Financial Analyst role seems to be a popular career move for Junior Financial Analysts, and folks who currently work in the latter position report a notably larger median income of $75K per year.

Junior Financial Analyst Job Listings

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Popular Skills for Junior Financial Analyst


Junior Financial Analysts usually report a few specific skills. Most notably, skills in Data Analysis, Financial Reporting, Financial Analysis, and Microsoft Excel are correlated to pay that is above average. Skills that are correlated to lower pay, on the other hand, include Financial Modeling. Most people familiar with Financial Analysis also know Financial Reporting.

Pay Difference by Location


For those looking to make money, Junior Financial Analysts in Boston enjoy an exceptional pay rate, 18 percent above the national average. Junior Financial Analysts will also find cushy salaries in Houston (+13 percent) and Los Angeles (+5 percent). Chicago ranks last in the field for pay, reporting salaries 8 percent below the national average.

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Experience Affects Junior Financial Analyst Salaries

Experienced
up arrow 41%

Mid-Career
up arrow 12%

National Average
$45,000


Skills That Affect Junior Financial Analyst Salaries

Financial Reporting
up arrow 3%

Data Analysis
up arrow 3%

Financial Analysis
up arrow 2%

National Average
$45,000

Microsoft Excel
up arrow 1%

Financial Modeling
up arrow 3%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 21 votes.

Gender

Female
37 %
Male
63 %

Years of Experience

Less than 1 year
30%
1-4 years
58%
5-9 years
8%
10-19 years
4%
20 years or more
1%

Common Health Benefits

medical benefits Medical: 86% dental benefits Dental: 79%
vision benefits Vision: 61% employee benefits None: 12%
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