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How to hire a finance professional

Finance professional hiring summary. Here are some key points about hiring finance professionals in the United States:

  • There are currently 135,252 finance professionals in the US, as well as 124,570 job openings.
  • Finance professionals are in the highest demand in New York, NY, with 40 current job openings.
  • The median cost to hire a finance professional is $1,633.
  • It takes between 36 and 42 days to fill the average role in the US.
  • Human Resources use 15% of their expenses on recruitment on average.
  • On average, it takes around 12 weeks for a new finance professional to become settled and show total productivity levels at work.

How to hire a finance professional, step by step

To hire a finance professional, you need to identify the specific skills and experience you want in a candidate, allocate a budget for the position, and advertise the job opening to attract potential candidates. To hire a finance professional, you should follow these steps:

Here's a step-by-step finance professional 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 professional job description
  • Step 5: Post your job
  • Step 6: Interview candidates
  • Step 7: Send a job offer and onboard your new finance professional
  • Step 8: Go through the hiring process checklist

What does a finance professional do?

The primary job of finance professionals is to provide financial services using their knowledge of finance, tax laws, and accounting. These professionals typically help with corporate finance, personal finance, or both. Their duties include helping clients develop financial plans that will ensure their financial stability, developing the company's financial strategy, and forecasting corporate profits and losses. Additionally, finance professionals are responsible for negotiating credit lines, preparing financial statements, and working closely with outside auditors. To become successful in this role, you need to have strong customer service and analytical skills.

Learn more about the specifics of what a finance professional does
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  1. Identify your hiring needs

    The finance professional hiring process starts by determining what type of worker you actually need. Certain roles might require a full-time employee, whereas part-time workers or contractors can do others.

    Determine employee vs contractor status
    Is the person you're thinking of hiring a US citizen or green card holder?

    Hiring the perfect finance professional also involves considering the ideal background you'd like them to have. Depending on what industry or field they have experience in, they'll bring different skills to the job. It's also important to consider what levels of seniority and education the job requires and what kind of salary such a candidate would likely demand.

    The following list breaks down different types of finance professionals and their corresponding salaries.

    Type of Finance ProfessionalDescriptionHourly rate
    Finance ProfessionalPersonal financial advisors give financial advice to people. They help with investments, taxes, and insurance decisions.$14-46
    AnalystAnalysts are employees or individual contributors with a vast experience in a particular field that help the organization address challenges. They help the organization improve processes, policies, and other operations protocol by studying the current processes in place and determining the effectiveness of those processes... Show more$25-47
    Investment AdvisorAn investment advisor is responsible for managing the clients' financial portfolios, advising them of investment options according to their financial goals and objectives, and their ability to handle risks. Investment advisors should have excellent knowledge of the investment policies, providing the clients with the best financial strategies according to their interests... Show more$28-88
  2. Create an ideal candidate profile

    Common skills:
    • Financial Objectives
    • Financial Products
    • Securities
    • FINRA
    • Annuities
    • LLC
    • Financial Services
    • Mutual Funds
    • Financial Guidance
    • Team-Oriented Environment
    • Disability Insurance
    • Risk Management
    • Customer Service
    • Financial Professionals
    Check all skills
    Responsibilities:
    • Evaluate, present, and manage solutions in alignment with client needs and NASD requirements.
    • Manage and strengthen customer relationships through cross-selling and up-selling to maximize retention and income generation by contacting existing and prospective customers.
    • License to provide health and life insurance, annuities, securities, and long term care products.
    • Develop and present retirement solutions involving annuities , 401K plans and life insurance products to customers and finalize sales contracts.
    • Maintain and regularly update detail files on clients according to company and FINRA standards.
    • Analyze customer accounts, track profitability of revenue generate, and ensure accounts are NASD compliant.
    More finance professional duties
  3. Make a budget

    Including a salary range in your finance professional job description is a great way to entice the best and brightest candidates. A finance professional salary can vary based on several factors:
    • Location. For example, finance professionals' average salary in utah is 67% less than in new york.
    • Seniority. Entry-level finance professionals earn 68% less than senior-level finance professionals.
    • Certifications. A finance professional with a few certifications under their belt will likely demand a higher salary.
    • Company. Working for a prestigious company or an exciting start-up can make a huge difference in a finance professional's salary.

    Average finance professional salary

    $55,551yearly

    $26.71 hourly rate

    Entry-level finance professional salary
    $31,000 yearly salary
    Updated December 5, 2025

    Average finance professional salary by state

    RankStateAvg. salaryHourly rate
    1New York$103,528$50
    2Massachusetts$82,805$40
    3District of Columbia$79,246$38
    4Virginia$76,275$37
    5Connecticut$71,376$34
    6Washington$70,808$34
    7New Jersey$66,486$32
    8Illinois$64,889$31
    9North Carolina$63,204$30
    10Pennsylvania$60,071$29
    11Ohio$59,944$29
    12Georgia$59,031$28
    13Florida$58,178$28
    14California$58,006$28
    15Texas$56,783$27
    16Minnesota$55,395$27
    17South Carolina$55,345$27
    18Maryland$54,722$26
    19Colorado$46,889$23
    20Hawaii$38,348$18

    Average finance professional salary by company

    RankCompanyAverage salaryHourly rateJob openings
    1AbbVie$103,231$49.6343
    2AlixPartners$103,126$49.583
    3Morgan Stanley$89,439$43.0068
    4MUFG EMEA$86,874$41.77
    5Citi$86,644$41.6660
    6Jefferson Wells USA$85,666$41.19
    7Sumitomo Mitsui Financial Group$85,333$41.03
    8Devon Energy$84,825$40.784
    9RGP$84,798$40.775
    10Freescale Semiconductor Holdings V Inc$83,153$39.98
    11Chevron$82,037$39.441
    12Interactive Brokers$81,699$39.2810
    13Dechert$81,287$39.08
    14Chiron Technology Services$80,461$38.68
    15BASF$80,181$38.55
    16Rand Group$79,518$38.231
    17Lenovo$79,082$38.023
    18Genuent$78,978$37.97
    19Finastra$77,824$37.423
    20Red Hat$76,537$36.80
  4. Writing a finance professional job description

    A job description for a finance professional role includes a summary of the job's main responsibilities, required skills, and preferred background experience. Including a salary range can also go a long way in attracting more candidates to apply, and showing the first name of the hiring manager can also make applicants more comfortable. As an example, here's a finance professional job description:

    Finance professional job description example

    About: Macy’s is proudly America’s Department Store. There’s a reason we’ve been around for 160 years. Customers come to us for fashion, value, and high-quality products.

    Now is an exciting time to join Macy’s. The face of retail is changing, and change requires innovation. Online sales are booming at Macy’s. Our Distribution Center teams are key to our success in the modern retail landscape.

    They make sure that products arrive at our stores - and each customer’s doorstep - on time, in perfect condition. Behind the scenes, a lot goes into getting products to customers. When a shopper makes an online purchase, we plan, prep, and package the merchandise to get it delivered as quickly and efficiently as possible – across the country and around the world.

    It takes a lot of smart people working together to make that happen, and so there are many roles you can play, including (but not limited to): material handlers, equipment drivers, inventory control, packers, quality assurance, safety specialists, asset protection, and many more. Whatever role you play – we value you as a colleague. Choose the challenge that’s right for you! Job Overview: Macy’s Identifier/Audit colleagues perform all functions related to identifying merchandise and resolving problems in a timely manner. Essential Functions: * Complete Product Information Forms and Problem Form and ensure merchandise is processed accordingly. * Key in weights and measures. * Perform Flow & Fix function. * Move shipment to problem lane if necessary. * Effectively utilize computer systems, WMS and Stella. * Function as a resource to support department initiatives in identifying problems and developing solution. * Ability to utilize resources in order to maintain and improve department through put. Qualifications and Competencies: * No Education or Experience Required * No experience required * Ability to read and interpret instructional documents such as safety rules, operating and maintenance instructions, and procedural manuals * Resourceful self-starter, works well independently as well as part of a team * Must be proficient in the use of computers and handheld technology * Ability to work a flexible schedule, including day, evening, weekends, and/or holidays Physical Requirements: * Position requires prolonged periods of standing/walking around store or department * May involve reaching, crouching, kneeling, stooping, climbing ladders, depth perception and color vision * Frequent use of computers and other technology necessary to perform job duties, including handheld electronic equipment. * Frequently lift/move up to 50lbs WAREHOUSE00 Supply Chain Only and Colleagues Working in a Supply Chain Facility except in locations governed by a Collective Bargaining Agreement: Random drug testing for all colleagues will be conducted on a monthly or semi-monthly basis, depending upon factors including but not limited to the size of the facility and the number of colleagues on roll.

    Colleagues will be randomly selected for testing by a third party. Testing must be completed on the same workday the colleague is informed of selection for testing, absent extenuating circumstances. In all circumstances, testing must be completed within 24 hours of notification.

  5. Post your job

    To find finance professionals for your business, try out a few different recruiting strategies:

    • Consider internal talent. One of the most important talent pools for any company is its current employees.
    • Ask for referrals. Reach out to friends, family members, and your current work to ask if they know any finance professionals they would recommend.
    • Recruit at local colleges. Attend job fairs at local colleges to recruit entry-level finance professionals with the right educational background.
    • Social media platforms. LinkedIn, Facebook, and Twitter have more than 3.5 billion users, and they're a great place for company branding and reaching potential job candidates.
    Post your job online:
    • Post your finance professional job on Zippia to find and recruit finance professional candidates who meet your exact specifications.
    • Use field-specific websites such as efinancialcareers, financialjobsweb.com, careerbank, financial job bank.
    • Post a job on free websites.
  6. Interview candidates

    Recruiting finance professionals requires you to bring your A-game to the interview process. The first interview should introduce the company and the role to the candidate as much as they present their background experience and reasons for applying for the job. During later interviews, you can go into more detail about the technical details of the job and ask behavioral questions to gauge how they'd fit into your current company culture.

    It's also good to ask about candidates' unique skills and talents. You can move on to the technical interview if a candidate is good enough for the next step.

    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 professional

    Once you've selected the best finance professional 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.

    To prepare for the new employee's start date, you can create an onboarding schedule and complete any necessary paperwork, such as employee action forms and onboarding documents like I-9 forms, benefits enrollment, and federal and state tax forms. Human Resources should also ensure that a new employee file is 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 professional?

Hiring a finance professional comes with both the one-time cost per hire and ongoing costs. The cost of recruiting finance professionals involves promoting the job and spending time conducting interviews. Ongoing costs include employee salary, training, benefits, insurance, and equipment. It is essential to consider the cost of finance professional recruiting as well the ongoing costs of maintaining the new employee.

The median annual salary for finance professionals is $55,551 in the US. However, the cost of finance professional hiring can vary a lot depending on location. Additionally, hiring a finance professional for contract work or on a per-project basis typically costs between $14 and $46 an hour.

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