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. Male Junior Financial Analysts who responded to the survey are more common than women; more than half (62 percent) are men. 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. This snapshot results from replies to PayScale's salary survey.
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$35,176 - $59,836

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$13.27 - $24.96

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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
$35,176 - $59,836  
   
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).
)
$34,699 - $60,776  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 237
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$12$24$36
Hourly Rate
$13.27 - $24.96  
   
Overtime
$1.20 - $35.98  
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$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).
)
$34,699 - $60,776  
Country: United States | Currency: USD | Updated: 18 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


Job skills reported by Junior Financial Analysts are limited. Most notably, skills in Data Analysis, Financial Reporting, Financial Analysis, and Microsoft Excel are correlated to pay that is above average. Skills that pay less than market rate include Financial Modeling. For most people, competency in Financial Analysis indicates knowledge of Financial Reporting.

Pay Difference by Location


Houston offers some of the highest pay in the country for Junior Financial Analysts, 13 percent above the national average. Junior Financial Analysts will also find cushy salaries in Boston (+12 percent) and Los Angeles (+5 percent). The lowest-paying market is Chicago, which sits 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
38 %
Male
62 %

Years of Experience

Less than 1 year
31%
1-4 years
57%
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: 11%
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