How to hire a finance associate

How to hire a finance associate, step by step

Here's a step-by-step finance associate hiring guide:

• Step 1: Identify your hiring needs
• Step 2: Create an ideal candidate profile
• Step 3: Make a budget
• Step 4: Write a finance associate job description
• Step 5: Post your job
• Step 6: Interview candidates
• Step 7: Send a job offer and onboard your new finance associate
• Step 8: Go through the hiring process checklist

What does a finance associate do?

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1. Identify your hiring needs

   Before you post your finance associate job, you should take the time to determine what type of worker your business needs. While certain jobs definitely require a full-time employee, it's sometimes better to find a finance associate for hire on a part-time basis or as a contractor.

   Determine employee vs contractor status

   Is the person you're thinking of hiring a US citizen or green card holder?

   Yes

   No

   You should also consider the ideal background you'd like them a finance associate to have before you start to hire. For example, what industry or field would you like them to have experience in, what level of seniority or education does the job require, and how much it'll cost to hire a finance associate that fits the bill.

   This list presents finance associate salaries for various positions.

   Type of Finance Associate	Description	Hourly rate
   Finance Associate	Securities, commodities, and financial services sales agents connect buyers and sellers in financial markets. They sell securities to individuals, advise companies in search of investors, and conduct trades.	$24-62
   Trader	A trader is responsible for buying and selling financial instruments for a firm or an individual, monitoring stock movements, and analyzing price fluctuations. Traders focus on short-term and long-term trades, depending on their customers' demands and best interests... Show more	$26-69
   Personal Banker	A personal banker is responsible for managing the customers' financial records and assisting them in various banking transactions. Personal bankers' duties also include handling customers' inquiries for financial plans, understanding the banking and financial industry principles, processing applications, verifying account details, and offering bank products based on the customers' needs... Show more	$13-23

   Show more

2. Create an ideal candidate profile

   Common skills:

   • Financial Statements
   • PowerPoint
   • Financial Services
   • Work Ethic
   • Phone Calls
   • Financial Models
   • Strong Analytical
   • Financial Analysis
   • Hyperion
   • Due Diligence
   • Securities
   • Real Estate
   • Reconciliations
   • Financial Data

   Check all skills

   Responsibilities:

   • Lead team of volunteers and paid staff to help fulfill their person and ministry relate goals.
   • Manage administration of SalesForce accounts as well as creating and automating various business specific reports.
   • Administer loan closings, home mortgage loan origination, and loan counseling.
   • Prepare tag and title documents and legal transfer documents for the DMV and MVA.
   • Assist finance manager, company CPA, clinic staff/supervisors, and hr maintaining company finances.
   • Monitor, develop strategies, and execute plan orders via Fidessa equities algorithmic trading strategy.

   More finance associate duties

3. Make a budget

   Including a salary range in your finance associate job description is one of the best ways to attract top talent. A finance associate can vary based on:

   • Location. For example, finance associates' average salary in colorado is 63% less than in new york.
   • Seniority. Entry-level finance associates 62% less than senior-level finance associates.
   • Certifications. A finance associate with certifications usually earns a higher salary.
   • Company. Working for an established firm or a new start-up company can make a big difference in a finance associate's salary.

   Average finance associate salary

   $81,339yearly

   $39.11 hourly rate

   ---

   Entry-level finance associate salary

   $50,000 yearly salary

   Updated December 26, 2025

   Average finance associate salary by state

   Rank	State	Avg. salary	Hourly rate
   1	New York	$97,647	$47
   2	California	$74,856	$36
   3	Delaware	$74,117	$36
   4	Connecticut	$72,675	$35
   5	District of Columbia	$69,990	$34
   6	New Jersey	$67,138	$32
   7	Minnesota	$63,216	$30
   8	Rhode Island	$62,769	$30
   9	Texas	$61,550	$30
   10	North Carolina	$59,039	$28
   11	Washington	$57,296	$28
   12	Illinois	$56,692	$27
   13	Pennsylvania	$56,339	$27
   14	Virginia	$56,281	$27
   15	Massachusetts	$55,134	$27
   16	Ohio	$53,436	$26
   17	Missouri	$52,868	$25
   18	Florida	$52,519	$25
   19	Maryland	$51,832	$25
   20	Indiana	$47,926	$23

   Average finance associate salary by company

   Company

   Rank	Company	Average salary	Hourly rate	Job openings
   1	Pillsbury Winthrop Shaw Pittman	$213,465	$102.63
   2	Sidley Austin	$210,707	$101.30	6
   3	Kirkland & Ellis	$189,682	$91.19	4
   4	Vedder Price	$189,412	$91.06
   5	Nelson Mullins Riley & Scarborough	$188,177	$90.47
   6	Cleary Gottlieb Steen & Hamilton	$180,803	$86.92
   7	Ropes & Gray	$178,484	$85.81
   8	Greenberg Traurig	$175,790	$84.51	10
   9	Shearman & Sterling	$172,183	$82.78
   10	Goodwin	$160,719	$77.27	1
   11	Cornerstone Research	$158,394	$76.15
   12	DLA Piper	$156,102	$75.05	40
   13	Holland & Knight	$155,585	$74.80
   14	The Citadel	$151,859	$73.01	25
   15	Dorsey & Whitney	$150,135	$72.18
   16	Clifford Chance	$148,717	$71.50	3
   17	Meta	$139,677	$67.15	14
   18	White & Case	$138,355	$66.52
   19	Bill & Melinda Gates Foundation	$137,687	$66.20
   20	Boston Consulting Group	$137,600	$66.15	4

4. Writing a finance associate job description

   A finance associate job description should include a summary of the role, required skills, and a list of responsibilities. It's also good to include a salary range and the first name of the hiring manager. To help get you started, here's an example of a finance associate job description:

   Finance associate job description example

   You have the drive to learn and succeed as a finance professional at a technology and information services company. During the 18-month rotational program, you will explore different aspects of finance including financial planning and analysis, business operations, process optimization, and risk management. Through on-the-job training, mentorship, and networking, you will quickly develop analytical and organizational skills. After completing the 18-month program, associates will graduate and have the opportunity to move into a permanent role within the finance organization.
   What you will do:
   
   Learn about the various financial cycles and gain a financial and operational understanding of the business and products. Develop accurate reporting and analyses that drive improved insights and decision-making. Assist with tasks such as revenue and operating expense analysis, financial reporting, forecasting (Budget/Quarterly) to facilitate decision making. Draft and approve contracts and proposals for new customers, process and analyze incoming orders, and calculate sales credits awards. Accurately and appropriately price sales of subscription products to ensure customer and business needs are met. Provide sourcing solutions, execute vendor payments, and ensure license compliance and internal control effectiveness. Assist with the annual compliance review by researching and providing proof of compliance to controls, policies, and procedures. Negotiate contracts to drive cost savings and favorable business terms and conditions.
   
   You need to have:
   
   A Bachelor's degree in Finance, Economics, Accounting, or other related majors by May 2023 Strong skills with Microsoft Office, with an emphasis on Excel Strong quantitative, analytical, problem-solving and conceptual skills Strong interpersonal, leadership and communication skills
   
   Bloomberg Industry Group IS AN EQUAL OPPORTUNITY EMPLOYER and fully subscribes to the principles of Equal Employment Opportunity. Bloomberg Industry Group has adopted an Affirmative Action Program to ensure that all applicants and employees are considered for hire, promotion, and job status without regard to race, color, religion, sex, national origin, age, disability, gender identity, sexual orientation, marital or familial status, pregnancy, childbirth, or related medical issues, genetic information, disabled veteran, veteran, a veteran of the Vietnam Era, or any other classification protected by law.
   
   INDG requires all employees to be fully vaccinated for COVID-19 as a condition of employment.
   
   Prospective and/or new employees will be required to adhere with INDG's vaccination policy. All INDG employees must be fully vaccinated and they must submit proof of vaccination on their first day of employment. Prospective or new employees may seek a medical or religious exemption to the vaccination requirement but must have an approved exemption prior to the start of their employment.

   Copy this example

   

5. Post your job

   There are a few common ways to find finance associates for your business:

   • Promoting internally or recruiting from your existing workforce.
   • Ask for referrals from friends, family members, and current employees.
   • Attend job fairs at local colleges to meet candidates with the right educational background.
   • Use social media platforms like LinkedIn, Facebook, and Twitter to recruit passive job-seekers.

   Post your job online:

   • Post your finance associate job on Zippia to find and recruit finance associate candidates who meet your exact specifications.
   • Use field-specific websites such as salesjobs, salesheads, allretailjobs.com, sales trax.
   • Post a job on free websites.

6. Interview candidates

   To successfully recruit finance associates, your first interview needs to engage with candidates to learn about their interest in the role and experience in the field. You can go into more detail about the company, the role, and the responsibilities during follow-up interviews.

   It's also good to ask about candidates' unique skills and talents to see if they match your ideal candidate profile. If you think a candidate is good enough for the next step, you can move on to the technical interview.

   The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.

7. Send a job offer and onboard your new finance associate

   Once you've selected the best finance associate candidate for the job, it's time to write an offer letter. In addition to salary, this letter should include details about the benefits and perks you offer the candidate. Ensuring that your offer is competitive is essential, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and you should be open to discussion. After you reach an agreement, the final step is formalizing the agreement with a contract.

   It's also important to follow up with applicants who do not get the job with an email letting them know that the position is filled.

   After that, you can create an onboarding schedule for a new finance associate. Human Resources and the hiring manager should complete Employee Action Forms. Human Resources should also ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc., and that new employee files are created.

8. Go through the hiring process checklist

   • Determine employee type (full-time, part-time, contractor, etc.)
   • Submit a job requisition form to the HR department
   • Define job responsibilities and requirements
   • Establish budget and timeline
   • Determine hiring decision makers for the role
   • Write job description
   • Post job on job boards, company website, etc.
   • Promote the job internally
   • Process applications through applicant tracking system
   • Review resumes and cover letters
   • Shortlist candidates for screening
   • Hold phone/virtual interview screening with first round of candidates
   • Conduct in-person interviews with top candidates from first round
   • Score candidates based on weighted criteria (e.g., experience, education, background, cultural fit, skill set, etc.)
   • Conduct background checks on top candidates
   • Check references of top candidates
   • Consult with HR and hiring decision makers on job offer specifics
   • Extend offer to top candidate(s)
   • Receive formal job offer acceptance and signed employment contract
   • Inform other candidates that the position has been filled
   • Set and communicate onboarding schedule to new hire(s)
   • Complete new hire paperwork (i9, benefits enrollment, tax forms, etc.)

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How much does it cost to hire a finance associate?