Junior Financial Analyst Salary

Junior Financial Analysts in the United States take home an average $45K annually. Career duration is the biggest factor affecting pay for this group, followed by geography. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to the greater part. Job satisfaction is reported as high by the vast majority of workers. Male Junior Financial Analysts who responded to the survey are more common than women; more than half (62 percent) are men. The information for this snapshot was generated by responses to the PayScale salary survey.
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$35,049 - $59,864
(Median)
$35K
$45K
$60K
MEDIAN: $44,522
10%
50%
90%

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$13.27 - $24.96
(Median)
$13
$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
$35,049 - $59,864  
   
Bonus
$0.00 - $5,539  
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).
)
$34,544 - $60,814  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 236
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
$13.27 - $24.96  
   
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 - $5,539  
   
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).
)
$34,544 - $60,814  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 39
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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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Though some Junior Financial Analysts move into positions like Senior Financial Analyst (where the average salary is $75K), this progression is not the norm.

Junior Financial Analyst Job Listings

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Popular Skills for Junior Financial Analyst


Junior Financial Analysts report a focused set of job skills. Most notably, skills in Data Analysis, Financial Reporting, Financial Analysis, and Microsoft Excel are correlated to pay that is above average. Skills that seem to negatively impact pay include Financial Modeling. Those educated in Financial Analysis tend to be well versed in Financial Reporting.

Pay Difference by Location


For those looking to make money, Junior Financial Analysts in Boston enjoy an exceptional pay rate, 19 percent above the national average. Junior Financial Analysts will also find cushy salaries in Houston (+13 percent) and Los Angeles (+6 percent). The smallest paychecks in the market, 8 percent south of the national average, can be found in Chicago.

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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

Data Analysis
up arrow 3%

Financial Analysis
up arrow 2%

Financial Reporting
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
38 %
Male
62 %

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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