Revenue Analyst Salary
An average Revenue Analyst in the United States can expect to take home roughly $54K annually. Final cash compensation to Revenue Analysts varies from around $38K to approximately $82K; choice pay grades include potential for bonuses and profit sharing as high as $9K and $9K, respectively. Earnings for this group are mostly affected by geographic location, followed by the specific employer and years of experience. Most enjoy medical and dental coverage in this occupation, and a strong majority get vision benefits. Most Revenue Analysts report high levels of job satisfaction. Women make up a slight majority of Revenue Analysts (50 percent) survey respondents. The data for this synopsis comes from respondents who took the PayScale salary survey.
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 highest compensation with a median salary of $58K.
Popular Skills for Revenue Analyst
Revenue Analysts seem to require a number of specific skills. Most notably, skills in Accounting, Financial Reporting, Financial Modeling, and Financial Analysis are correlated to pay that is above average, with boosts in pay of 12 percent. Skills that are correlated to lower pay, on the other hand, include Microsoft Office and Accounts Receivable. Those proficient in Data Analysis are, more often than not, also skilled in Forecasting.
Pay by Experience Level for Revenue Analyst
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Relatively untried employees who have less than five years' experience make $52K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $60K. For Revenue Analysts, 10 to 20 years of experience on the job amounts to an average salary of $57K. Revenue Analysts who have spent more than 20 years on the job report earning a significantly higher median of $63K.
Pay Difference by Location
San Francisco offers some of the highest pay in the country for Revenue Analysts, 25 percent above the national average. Revenue Analysts can also look forward to large paychecks in cities like Atlanta (+21 percent), Miami (+16 percent), Parsippany (+7 percent), and Chicago (+7 percent). Revenue Analysts in Orlando make 28 percent less than the national average, proving that location is a major factor in pay. Below-median salaries also turn up in Las Vegas and Denver (18 percent lower and 17 percent lower, respectively).
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Key Stats for Revenue Analyst
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