Revenue Analyst Salary
Revenue Analysts in the United States take home approximately $54K annually on average. In the world of Revenue Analysts, total cash compensation can vary between $36K and $81K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $9K and $9K, respectively. Earnings for this group are mostly affected by the particular firm, followed by geography and experience level. The majority of Revenue Analysts claim high levels of job satisfaction. Most enjoy medical while a large number get dental coverage. Vision coverage is also available to a strong majority. Women Revenue Analysts who took the survey just slightly outnumber men. Respondents to the PayScale salary survey provided the data for this report.
Job Description for Revenue Analyst
A revenue analyst’s primary function is to increase their company’s profits by monitoring and analyzing revenue. They track expenditures and revenue - comparing those figures to prior financial periods - as well as track relevant economic trends. Revenue analysts help develop revenue-building strategies, presenting those ideas to managers; they present financial data to those supervisors as well. Individuals in this position must conduct internal audits regularly, as well as assist outside auditors by providing them with any requested financial records. Revenue analysts must also ensure the company is fully compliant with Sarbanes-Oxley regulations at all times. They must also attend meetings to share information, collect data, and answer questions. Revenue specialists generally work during regular business hours in an office environment. Overtime may be required as deadlines or other business needs require.Read More...
A bachelor's degree in accounting, economics, or a related field is generally the minimum educational requirement for this position. Previous experience in a related field is needed as well. An individual in this position must be extremely organized, pay close attention to detail, and be able to develop revenue-building strategies. Strong interpersonal communication skills are essential, since an individual in this position must frequently communicate with various departments within their organizations.
Revenue Analyst Tasks
- Responsible for operations of patient business services, insurance verification, and workers compensation authorizations.
- Coordinate activities of staff responsible for charge capture, coding, charge entry, insurance follow up, reimbursement analysis, or other financial functions.
- Identify revenue cycle problems and implement solutions for improvement.
Revenue Cycle Analyst Job Listings
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Popular Employer Salaries for Revenue Analyst
American Airlines offers the largest salaries in town — $72K on average.
Popular Skills for Revenue Analyst
Revenue Analysts report using a pretty varied skill set on the job. Most notably, skills in Accounting, Financial Reporting, Financial Analysis, and Microsoft Access are correlated to pay that is above average. At the other end of the pay range are skills like Microsoft Office and Accounts Receivable. The majority of those who know Data Analysis also know Forecasting.
Pay by Experience Level for Revenue Analyst
Median of all compensation (including tips, bonus, and overtime) by years of experience.
The average beginner in this position makes around $51K, but folks who have been around for five to 10 years see a markedly higher median salary of $59K. Revenue Analysts claiming one to two decades of experience make an estimated median of $55K. Old hands who claim more than two decades on the job enjoy average earnings of $57K.
Pay Difference by Location
Revenue Analysts will find that San Francisco offers an impressive pay rate, one which exceeds the national average by 28 percent. Revenue Analysts can also look forward to large paychecks in cities like Atlanta (+23 percent), Miami (+19 percent), Chicago (+9 percent), and Dallas (+5 percent). One of the biggest compensable factors for Revenue Analysts is geography, with workers in Orlando earning a whopping 27 percent below the national average. Denver and Boston are a couple other places where companies are known to pay below the median — salaries are 15 percent lower and 10 percent lower, respectively.