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Junior Financial Analyst Salary

Junior Financial Analysts in the United States take home approximately $44K annually on average. Experience level is the biggest factor affecting pay for this group, followed by geography. Job satisfaction is reported as high by the vast majority of workers. Male Junior Financial Analysts are more prevalent than women among those who took the survey — 62 percent of professionals. Medical benefits are awarded to most, and a strong majority earn dental coverage. The figures in this rundown are based on the results of PayScale's salary questionnaire.
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$34,968 - $59,969
(Median)
$35K
$44K
$60K
MEDIAN: $43,949
10%
50%
90%

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$13.27 - $24.83
(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
$34,968 - $59,969  
   
Bonus
$0.00 - $5,825  
Profit Sharing
$0.00 - $1,250  
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).
)
$34,425 - $61,620  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 199
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 - $24.83  
   
Overtime
$0.26 - $34.61  
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 - $5,825  
   
Profit Sharing
$0.00 - $1,250  
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).
)
$34,425 - $61,620  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 31

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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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Junior Financial Analysts sometimes assume positions such as Senior Financial Analysts. That role pays $74K per year on average.

Junior Financial Analyst Job Listings

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Popular Skills for Junior Financial Analyst


Junior Financial Analysts who responded to the survey report just a handful of professional skills. Most notably, skills in Financial Analysis, Financial Reporting, Microsoft Excel, and Financial Modeling are correlated to pay that is above average. Those proficient in Financial Analysis are, more often than not, also skilled in Financial Reporting.

Pay Difference by Location


For Junior Financial Analysts, busy New York offers a higher-than-average pay rate, 7 percent above the national average. Junior Financial Analysts will also find cushy salaries in Los Angeles (+7 percent) and Washington (+5 percent). Trailing the national average by 6 percent, Chicago is the market with the smallest paychecks.

Related Job Salaries

United States (change)

Experience Affects Junior Financial Analyst Salaries

Experienced
up arrow 41%

Mid-Career
up arrow 11%

National Average
$44,000


Skills That Affect Junior Financial Analyst Salaries

Financial Analysis
up arrow 1%

Financial Reporting
0%

National Average
$44,000

Microsoft Excel
up arrow 2%

Financial Modeling
up arrow 2%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 20 votes.

Gender

Female
38 %
Male
62 %

Years of Experience

Less than 1 year
28%
1-4 years
60%
5-9 years
7%
10-19 years
4%
20 years or more
1%

Common Health Benefits

medical benefits Medical: 85% dental benefits Dental: 80%
vision benefits Vision: 62% employee benefits None: 13%