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Working as a Funding Specialist

There is more than meets the eye when it comes to being a funding specialist. For example, did you know that they make an average of $18.29 an hour? That's $38,034 a year!

What Does a Funding Specialist Do

There are certain skills that many funding 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 organizational skills, communication skills and math skills.

When it comes to the most important skills required to be a funding specialist, we found that a lot of resumes listed 16.6% of funding specialists included loan portfolio, while 7.5% of resumes included income, and 7.5% of resumes included data entry. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.

When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the funding specialist job title. But what industry to start with? Most funding specialists actually find jobs in the finance and professional industries.

How To Become a Funding Specialist

If you're interested in becoming a funding specialist, one of the first things to consider is how much education you need. We've determined that 47.4% of funding specialists have a bachelor's degree. In terms of higher education levels, we found that 11.6% of funding specialists have master's degrees. Even though most funding 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 funding specialist. When we researched the most common majors for a funding specialist, we found that they most commonly earn bachelor's degree degrees or associate degree degrees. Other degrees that we often see on funding specialist resumes include high school diploma degrees or master's degree degrees.

You may find that experience in other jobs will help you become a funding specialist. In fact, many funding specialist jobs require experience in a role such as customer service representative. Meanwhile, many funding specialists also have previous career experience in roles such as administrative assistant or sales associate.

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Average Salary$38,034
Job Growth Rate5%

Funding Specialist Career Paths

Top Careers Before Funding Specialist

Top Careers After Funding Specialist

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Average Salary for a Funding Specialist

Funding Specialists in America make an average salary of $38,034 per year or $18 per hour. The top 10 percent makes over $49,000 per year, while the bottom 10 percent under $28,000 per year.
Average Salary
$38,034

Best Paying Cities

City
Average Salary
Washington, DC
Salary Range48k - 87k$65k$65,210
Rohnert Park, CA
Salary Range47k - 80k$62k$61,767
Warwick, RI
Salary Range45k - 81k$61k$60,799
Denver, CO
Salary Range39k - 61k$49k$49,210
Saint Louis, MO
Salary Range36k - 60k$47k$47,205
Irving, TX
Salary Range34k - 56k$44k$44,470
$27k
$87k

Recently Added Salaries

Job TitleCompanyCompanyStart DateSalary
Loan Funding Specialist
Loan Funding Specialist
Randstad
Randstad
01/13/2021
01/13/2021
$33,39201/13/2021
$33,392
File Analyst/Funding Specialist
File Analyst/Funding Specialist
Greenstate Credit Union
Greenstate Credit Union
12/31/2020
12/31/2020
$39,15212/31/2020
$39,152
File Analyst/Funding Specialist
File Analyst/Funding Specialist
University of Iowa Community Credit Union
University of Iowa Community Credit Union
12/29/2020
12/29/2020
$39,15212/29/2020
$39,152
#107287 Core Funds Specialist
#107287 Core Funds Specialist
University of California-San Diego
University of California-San Diego
12/22/2020
12/22/2020
$48,90012/22/2020
$48,900
Funding Specialist
Funding Specialist
Silk Title Co.
Silk Title Co.
12/03/2020
12/03/2020
$35,47912/03/2020
$35,479
See More Recent Salaries

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Funding 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 Funding 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 Funding Specialist Resume

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

View Detailed Information

Funding Specialist Demographics

Gender

female

60.4 %

male

34.9 %

unknown

4.7 %

Ethnicity

White

74.7 %

Asian

8.7 %

Hispanic or Latino

7.8 %

Foreign Languages Spoken

Spanish

60.0 %

French

9.2 %

Portuguese

4.6 %
See More Demographics

Funding Specialist Education

Majors

Business
34.1 %
Finance
12.0 %

Degrees

Bachelors

47.4 %

Associate

17.5 %

High School Diploma

14.6 %

Top Colleges for Funding Specialists

1. Western Carolina University

Cullowhee, NC • Public

In-State Tuition
$3,926
Enrollment
9,835

2. University of Southern California

Los Angeles, CA • Private

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

3. University of Pennsylvania

Philadelphia, PA • Private

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

4. San Diego State University

San Diego, CA • Public

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

5. Georgetown University

Washington, DC • Private

In-State Tuition
$54,104
Enrollment
7,089

6. Ball State University

Muncie, IN • Public

In-State Tuition
$9,896
Enrollment
15,529

7. New York University

New York, NY • Private

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

8. Northwestern University

Evanston, IL • Private

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

9. Howard University

Washington, DC • Private

In-State Tuition
$26,756
Enrollment
6,166

10. Bowling Green State University

Bowling Green, OH • Public

In-State Tuition
$11,105
Enrollment
13,729
See More Education Info
Job type you want
Full Time
Part Time
Internship
Temporary

Top Skills For a Funding 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, 16.6% of funding specialists listed loan portfolio on their resume, but soft skills such as organizational skills and communication skills are important as well.

Best States For a Funding Specialist

Some places are better than others when it comes to starting a career as a funding specialist. The best states for people in this position are New Jersey, Maryland, Rhode Island, and Delaware. Funding specialists make the most in New Jersey with an average salary of $62,890. Whereas in Maryland and Rhode Island, they would average $61,808 and $60,354, respectively. While funding specialists would only make an average of $59,866 in Delaware, 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. Delaware

Total Funding Specialist Jobs:
41
Highest 10% Earn:
$104,000
Location Quotient:
1.45
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. District of Columbia

Total Funding Specialist Jobs:
77
Highest 10% Earn:
$112,000
Location Quotient:
1.13
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. Rhode Island

Total Funding Specialist Jobs:
31
Highest 10% Earn:
$104,000
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
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Top Funding Specialist Employers

1. JPMorgan Chase
4.9
Avg. Salary: 
$37,497
Funding Specialists Hired: 
36+
2. U.S. Bank
4.7
Avg. Salary: 
$72,554
Funding Specialists Hired: 
33+
3. Fifth Third Bank
4.8
Avg. Salary: 
$64,310
Funding Specialists Hired: 
28+
4. Citi
4.8
Avg. Salary: 
$37,500
Funding Specialists Hired: 
27+
5. Wells Fargo
4.7
Avg. Salary: 
$37,506
Funding Specialists Hired: 
26+
6. Randstad USA
4.1
Avg. Salary: 
$33,686
Funding Specialists Hired: 
16+

Funding Specialist Videos

Updated October 2, 2020