What is a Finance Specialist

Finance specialists act as financial advisors who help their clients determine present and future financial needs. A financial specialist analyzes financial data to determine a company's financial status, conducts cost and benchmarking analysis, prepares budget reports, develops financial models taking into consideration legal limitations and participates in regular audits and recommends corrective financial action plans. They design and review fiscal policies, identify investment opportunities, advise the senior management team on financial planning, and create financial forecast models based on current and past financial results.

A finance specialist should be proficient in business management, statistical, analytical and spreadsheet software, have in-depth knowledge of financial analysis models and forecasts, superb attention to detail, and excellent collaboration and communication skills.

Appilcants should have a bachelor's degree in finance or economics and a master's degree in finance. This is definitely not an entry-level job, it requires experience in the field of finance. On average, they earn a salary of $51,826 per year, which translates to $24.92 per hour. This depends on the size or location of the company though, because according to the Bureau of Labor Statistics, there is a $47,000 difference between the top earners and lowest earners.

There is more than meets the eye when it comes to being a Finance Specialist. For example, did you know that they make an average of $26.81 an hour? That's $55,766 a year!

Between 2018 and 2028, the career is expected to grow 4% and produce 18,500 job opportunities across the U.S.

What Does a Finance Specialist Do

There are certain skills that many Finance Specialists have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed Computer skills, Customer-service skills and Initiative.

Learn more about what a Finance Specialist does

How To Become a Finance Specialist

If you're interested in becoming a Finance Specialist, one of the first things to consider is how much education you need. We've determined that 62.3% of Finance Specialists have a bachelor's degree. In terms of higher education levels, we found that 10.3% of Finance Specialists have master's degrees. Even though most Finance Specialists have a college degree, it's possible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become a Finance Specialist. When we researched the most common majors for a Finance Specialist, we found that they most commonly earn Bachelor's Degree degrees or Associate Degree degrees. Other degrees that we often see on Finance Specialist resumes include Master's Degree degrees or High School Diploma degrees.

You may find that experience in other jobs will help you become a Finance Specialist. In fact, many Finance Specialist jobs require experience in a role such as Customer Service Representative. Meanwhile, many Finance Specialists also have previous career experience in roles such as Administrative Assistant or Cashier.

What is the right job for my career path?

Tell us your goals and we'll match you with the right jobs to get there.

Average Salary
$55,766
Average Salary
Job Growth Rate
4%
Job Growth Rate
Job Openings
91,217
Job Openings
resume document icon

Don't Have A Professional Resume?

0 selections

Finance Specialist Career Paths

Finance Specialist Jobs You Might Like

What is the right job for my career path?

Tell us your goals and we'll match you with the rights job to get there.

Create The Perfect Resume

Our resume builder tool will walk you through the process of creating a stand-out Finance Specialist resume.

resume icon

Average Salary for a Finance Specialist

Finance Specialists in America make an average salary of $55,766 per year or $27 per hour. The top 10 percent makes over $83,000 per year, while the bottom 10 percent under $37,000 per year.
Average Salary
$55,766
Find Your Salary Estimate
How much should you be earning as an Finance Specialist? Use Zippia's Salary Calculator to get an estimation of how much you should be earning.
See More Salary Information

Calculate your salary

Use Zippia's Salary Calculator to see how your pay matches up.

Finance Specialist Resumes

Designing and figuring out what to include on your resume can be tough, not to mention time-consuming. That's why we put together a guide that is designed to help you craft the perfect resume for becoming a Finance Specialist. If you're needing extra inspiration, take a look through our selection of templates that are specific to your job.

Learn How To Write a Finance Specialist Resume

At Zippia, we went through countless Finance Specialist resumes and compiled some information about how to optimize them. Here are some suggestions based on what we found, divided by the individual sections of the resume itself.

View Finance Specialist Resume Examples And Templates

Finance Specialist Demographics

Finance Specialist Gender Statistics

female

55.8 %

male

39.2 %

unknown

5.0 %

Finance Specialist Ethnicity Statistics

White

62.7 %

Hispanic or Latino

14.9 %

Black or African American

11.5 %

Finance Specialist Foreign Languages Spoken Statistics

Spanish

55.8 %

French

8.4 %

Chinese

5.1 %
Job Openings

Find the best Finance Specialist job for you

0 selections
0 selections

Finance Specialist Jobs You Might Like

Show More Finance Specialist Demographics

Create The Perfect Resume

Our resume builder tool will walk you through the process of creating a stand-out Finance Specialist resume.

resume icon

Finance Specialist Education

Finance Specialist Majors

34.4 %
12.3 %

Finance Specialist Degrees

Bachelors

62.3 %

Associate

17.3 %

Masters

10.3 %

Check Jobs That Match To Your Education

None
High School / GED
Associate
Bachelor's
Master's
Doctorate

Top Colleges for Finance Specialists

1. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

2. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451

3. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

4. San Diego State University

San Diego, CA • Private

In-State Tuition
$7,488
Enrollment
30,018

5. Boston University

Boston, MA • Private

In-State Tuition
$53,948
Enrollment
17,238

6. SUNY Stony Brook

Stony Brook, NY • Private

In-State Tuition
$9,625
Enrollment
17,407

7. New York University

New York, NY • Private

In-State Tuition
$51,828
Enrollment
26,339

8. University of Minnesota - Twin Cities

Minneapolis, MN • Private

In-State Tuition
$14,760
Enrollment
31,451

9. University of Illinois at Urbana-Champaign

Champaign, IL • Private

In-State Tuition
$15,094
Enrollment
32,974

10. University of Notre Dame

Notre Dame, IN • Private

In-State Tuition
$53,391
Enrollment
8,568
Show More Finance Specialist Education Requirements
Job Openings

Find the best Finance Specialist job for you

0 selections
0 selections

Finance Specialist Jobs You Might Like

Online Courses For Finance Specialist That You May Like

Financial Accounting-Adjusting Entries & Financial Statement
udemy
4.4
(368)

Adjusting entry creation, posting adjusting entries to a worksheet, creating financial statements from the trial balance...

Financial Accounting Payroll
udemy
4.4
(889)

Payroll calculations - federal income tax, social security, Medicare - Payroll journal entries posted to ledger accounts...

Financial Accounting Subsidiary Ledgers & Special Journals
udemy
4.8
(283)

Subsidiary ledgers for accounts receivable & accounts payable. Special Journals - Sales journal, purchases journal...

Show More Finance Specialist Courses
Job type you want
Full Time
Part Time
Internship
Temporary

Top Skills For a Finance Specialist

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 29.1% of Finance Specialists listed Customer Service on their resume, but soft skills such as Computer skills and Customer-service skills are important as well.

12 Finance Specialist RESUME EXAMPLES

Best States For a Finance Specialist

Some places are better than others when it comes to starting a career as a Finance Specialist. The best states for people in this position are Virginia, New York, Massachusetts, and Connecticut. Finance Specialists make the most in Virginia with an average salary of $70,149. Whereas in New York and Massachusetts, they would average $68,495 and $66,513, respectively. While Finance Specialists would only make an average of $65,426 in Connecticut, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. Virginia

Total Finance Specialist Jobs:
1,561
Highest 10% Earn:
$116,000
Location Quotient:
1.08
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. New York

Total Finance Specialist Jobs:
2,358
Highest 10% Earn:
$112,000
Location Quotient:
1.2
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. Massachusetts

Total Finance Specialist Jobs:
1,422
Highest 10% Earn:
$106,000
Location Quotient:
1.01
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
Full List Of Best States For Finance Specialists

How Do Finance Specialist Rate Their Jobs?

Working as a Finance Specialist? Share your experience anonymously.
Do you work as a Finance Specialist?
Rate how you like work as Finance Specialist. It's anonymous and will only take a minute.

Top Finance Specialist Employers

We've made finding a great employer to work for easy by doing the hard work for you. We looked into employers that employ Finance Specialists and discovered their number of Finance Specialist opportunities and average salary. Through our research, we concluded that Wells Fargo was the best, especially with an average salary of $67,676. The PNC Financial Services Group follows up with an average salary of $55,714, and then comes USAA with an average of $73,239. In addition, we know most people would rather work from home. So instead of having to change careers, we identified the best employers for remote work as a Finance Specialist. The employers include Capital Group Companies, Mayo Clinic, and Alight Solutions

Finance Specialist Videos