Securing the funds that your company needs is what your job is all about as a funding specialist. As part of this effort, a funding specialist may be involved in determining funding needs and different ways to acquire funding.

Many funding specialists also specialize in making sure that all the paperwork related to funding is in place, including ensuring client information is properly submitted in work orders and notifying clients of financial responsibility if necessary. Funding specialists must also gather information for funding packages and ensure the completeness and accuracy of any documentation needed to secure authorizations for equipment and services.

If you'd like to be a funding specialist, you need to be a dedicated, punctual, detail-oriented person. That's because you'll frequently need to obtain timely authorizations and meet strict deadlines. You also need to have strong mathematical, analytical, and problem-solving skills. To become a funding specialist, you'll typically need a high school diploma or equivalent, plus some work experience with loans.

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.

Learn more about what a Funding Specialist does

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 60.6% of funding specialists have a bachelor's degree. In terms of higher education levels, we found that 6.5% 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.

Learn More About How To Become a Funding Specialist

Funding Specialist Career Paths

Average Salary for a Funding Specialist

Funding Specialists in America make an average salary of $43,459 per year or $21 per hour. The top 10 percent makes over $62,000 per year, while the bottom 10 percent under $30,000 per year.
Average Funding Specialist Salary
$43,459 Yearly
$20.89 hourly
$30,000
10 %
$43,000
Median
$62,000
90 %

What Am I Worth?

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How To Become a Funding Specialist
How To Become a Funding Specialist Career Overview

States With The Most Funding Specialist Jobs

Mouse over a state to see the number of active funding specialist jobs in each state. The darker areas on the map show where funding specialists earn the highest salaries across all 50 states.

Average Salary: Job Openings:

Number Of Funding Specialist Jobs By State

RankStateNumber of JobsAverage Salary
1California2,971$62,399
2Texas2,261$47,289
3Florida1,779$48,453
4New York1,530$42,811
5Illinois1,286$37,916
6Pennsylvania1,251$46,355
7North Carolina1,134$42,151
8Ohio996$37,445
9Georgia970$42,336
10Virginia947$42,399
11Arizona889$50,565
12Massachusetts840$44,886
13Michigan811$38,834
14New Jersey783$55,543
15Maryland737$42,831
16Washington716$36,239
17Colorado660$36,514
18Minnesota653$33,943
19Indiana614$37,567
20Missouri542$35,128
21Tennessee515$37,752
22Oregon429$46,475
23Iowa421$37,394
24Wisconsin409$38,628
25South Carolina368$39,047
26Alabama363$35,594
27Utah353$37,701
28Kansas330$42,119
29Kentucky321$36,188
30Connecticut300$47,527
31Louisiana290$49,173
32Oklahoma272$38,416
33Nebraska268$32,933
34Nevada250$55,203
35Arkansas222$37,767
36New Mexico200$40,727
37New Hampshire174$34,765
38Idaho172$39,601
39Mississippi172$40,672
40Delaware157$49,231
41North Dakota157$32,226
42Maine155$36,510
43Hawaii153$63,620
44Rhode Island143$49,455
45South Dakota132$32,748
46West Virginia131$38,659
47Montana124$30,409
48Alaska110$46,157
49Wyoming99$31,659
50Vermont84$35,338

Funding Specialist Education

Funding Specialist Majors

33.2 %
12.9 %

Funding Specialist Degrees

Bachelors

60.6 %

Associate

17.8 %

High School Diploma

10.4 %

Top Colleges for Funding Specialists

1. Western Carolina University

Cullowhee, NC • Private

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 • Private

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 • Private

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 • Private

In-State Tuition
$11,105
Enrollment
13,729

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, 11.2% of funding specialists listed data entry on their resume, but soft skills such as organizational skills and communication skills are important as well.

Choose From 10+ Customizable Funding Specialist Resume templates

Zippia allows you to choose from different easy-to-use Funding Specialist templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Funding Specialist resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.

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Funding Specialist Resume
Funding Specialist Resume
Funding Specialist Resume
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Funding Specialist Resume
Funding Specialist Resume
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Funding Specialist Demographics

Funding Specialist Gender Distribution

Female
Female
63%
Male
Male
37%

After extensive research and analysis, Zippia's data science team found that:

  • Among funding specialists, 63.1% of them are women, while 36.9% are men.

  • The most common race/ethnicity among funding specialists is White, which makes up 73.9% of all funding specialists.

  • The most common foreign language among funding specialists is Spanish at 60.0%.

Work Experience Programs For Funding Specialists

Virtual work experience programs replicate work at top companies and help you gain the skills to be successful when applying and working there. In only a few hours, learn the relevant tools necessary to complete a typical work day at that company. Virtual work experience programs are 100% free, open-access, and self-paced. No experience or application is required!

Financial Services Regulation Program

Company: Herbert Smith Freehills

Cost: Free

Duration: 5-6.5 hours

Audit Program

Company: Grant Thornton Australia

Cost: Free

Duration: 5-6 hours

Workplace Preparation Program

Company: ANZ

Cost: Free

Duration: 5-6 hours

Commercial Banking Program

Company: JPMorgan Chase

Cost: Free

Duration: 5 hours

Software Engineering Program

Company: J.P. Morgan

Cost: Free

Duration: 5 hours

Emerging Companies Program

Company: Latham & Watkins

Cost: Free

Duration: 5-6 hours

Excel Skills for Business Program

Company: Goldman Sachs

Cost: Free

Duration: 4-5 hours

Corporate Investment Banking Program

Company: Standard Bank

Cost: Free

Duration: 5.5 hours

Investment Management Program

Company: Fidelity International

Cost: Free

Duration: 5 hours

Audit & Assurance Program

Company: KPMG AU

Cost: Free

Duration: 5-6 hours

Online Courses For Funding Specialist That You May Like

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Financial Accounting-Adjusting Entries & Financial Statement
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Adjusting entry creation, posting adjusting entries to a worksheet, creating financial statements from the trial balance...

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Learn the complete accounting cycle -recording business transactions to presenting the Balance Sheet & Income Statement...

Build Financial Models & Value Companies The Easy Way
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I am an award winning finance professor with work experience modeling companies @Goldman Sachs, hedge fund Citadel & VC...

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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 Hawaii, California, New Jersey, and Nevada. Funding specialists make the most in Hawaii with an average salary of $63,620. Whereas in California and New Jersey, they would average $62,399 and $55,543, respectively. While funding specialists would only make an average of $55,203 in Nevada, 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. Hawaii

Total Funding Specialist Jobs:
153
Highest 10% Earn:
$84,000
Location Quotient:
1.74

2. Nevada

Total Funding Specialist Jobs:
250
Highest 10% Earn:
$90,000
Location Quotient:
1.14

3. Arizona

Total Funding Specialist Jobs:
889
Highest 10% Earn:
$81,000
Location Quotient:
1.45
Full List Of Best States For Funding Specialists

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Top Funding Specialist Employers

Most Common Employers For Funding Specialist

RankCompanyAverage SalaryHourly RateJob Openings
1Fifth Third Bank$89,598$43.0829
2State Street$72,041$34.6410
3AIG$71,262$34.2617
4Reliance Trust$68,713$33.0412
5Merrill Lynch$64,312$30.9215
6Citi$58,833$28.2925
7JPMorgan Chase & Co.$50,055$24.0635
8TD Auto Finance$49,503$23.8011
9BMW Financial Services$48,747$23.4412
10Dst Inc$48,747$23.4411

Funding Specialist Videos