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Finance associate salary
Average finance associate salary
$81,339
Average Finance Associate Salary
The average salary for a Finance Associate is approximately $81,339 per year, which translates to around $39 per hour. This figure serves as a benchmark, but actual salaries can vary significantly based on factors like geographic location, years of experience, and specific industry. For instance, finance associates in metropolitan areas often earn higher salaries due to increased demand and living costs.
Where Can Finance Associates Earn More?
States like New York and California typically offer the highest salaries for finance associates, with compensation often exceeding the national average. Additionally, positions in investment firms and financial services tend to pay more than those in other sectors. Understanding these dynamics can help job seekers make informed decisions about their career paths.
Salary Trends Over Time
Over the years, the salary for finance associates has shown a steady increase, reflecting the growing importance of financial management across businesses. As industries evolve, so do the roles and responsibilities associated with finance associates, creating opportunities for advancement and higher earnings.
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Where can a Finance Associate earn more?
Finance associate salary estimates from across the web
Average finance associate salary by state
The average finance associate salary in New York, New Hampshire, and Delaware are the highest in the U.S. The lowest average finance associate salary states are Nebraska, Idaho, and Montana.
- State view
- County view
Highest paying states for finance associates
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | New York | $96,844 | $46.56 |
| 2 | Connecticut | $71,740 | $34.49 |
| 3 | Delaware | $74,066 | $35.61 |
| 4 | District of Columbia | $69,982 | $33.65 |
| 5 | New Hampshire | $76,483 | $36.77 |
| 6 | California | $71,806 | $34.52 |
| 7 | Minnesota | $63,204 | $30.39 |
| 8 | Rhode Island | $62,965 | $30.27 |
| 9 | New Jersey | $67,142 | $32.28 |
| 10 | Maine | $71,886 | $34.56 |
| 11 | Texas | $58,219 | $27.99 |
| 12 | West Virginia | $66,451 | $31.95 |
| 13 | Tennessee | $55,762 | $26.81 |
| 14 | Illinois | $55,919 | $26.88 |
| 15 | Washington | $56,442 | $27.14 |
| 16 | North Carolina | $56,392 | $27.11 |
| 17 | Nevada | $58,914 | $28.32 |
| 18 | Louisiana | $59,110 | $28.42 |
| 19 | Massachusetts | $55,374 | $26.62 |
| 20 | Pennsylvania | $55,735 | $26.80 |
| 21 | North Dakota | $52,246 | $25.12 |
| 22 | Virginia | $55,433 | $26.65 |
| 23 | Kentucky | $56,684 | $27.25 |
| 24 | Kansas | $58,537 | $28.14 |
| 25 | South Carolina | $55,687 | $26.77 |
| 26 | Mississippi | $52,610 | $25.29 |
| 27 | Vermont | $53,194 | $25.57 |
| 28 | Maryland | $51,689 | $24.85 |
| 29 | Michigan | $50,010 | $24.04 |
| 30 | Florida | $50,055 | $24.06 |
| 31 | Hawaii | $48,189 | $23.17 |
| 32 | Missouri | $50,965 | $24.50 |
| 33 | Ohio | $50,468 | $24.26 |
| 34 | Wisconsin | $44,891 | $21.58 |
| 35 | Oregon | $51,356 | $24.69 |
| 36 | New Mexico | $52,067 | $25.03 |
| 37 | Wyoming | $41,379 | $19.89 |
| 38 | Utah | $41,304 | $19.86 |
| 39 | Arkansas | $50,325 | $24.19 |
| 40 | Georgia | $44,217 | $21.26 |
| 41 | Indiana | $48,238 | $23.19 |
| 42 | South Dakota | $46,314 | $22.27 |
| 43 | Arizona | $43,653 | $20.99 |
| 44 | Alabama | $41,730 | $20.06 |
| 45 | Alaska | $44,709 | $21.49 |
| 46 | Nebraska | $41,225 | $19.82 |
| 47 | Idaho | $40,898 | $19.66 |
| 48 | Colorado | $35,695 | $17.16 |
| 49 | Iowa | $36,851 | $17.72 |
| 50 | Montana | $38,225 | $18.38 |
| 51 | Oklahoma | $38,080 | $18.31 |
Highest paying cities for finance associates
The highest-paying cities for finance associates are New York, NY, Redwood City, CA, and Wilmington, DE.
| Rank | City | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | New York, NY | $97,647 | $46.95 |
| 2 | Redwood City, CA | $74,856 | $35.99 |
| 3 | Wilmington, DE | $74,117 | $35.63 |
| 4 | Greenwich, CT | $72,675 | $34.94 |
| 5 | Washington, DC | $69,990 | $33.65 |
| 6 | Jersey City, NJ | $67,138 | $32.28 |
| 7 | Minneapolis, MN | $63,216 | $30.39 |
| 8 | Providence, RI | $62,769 | $30.18 |
| 9 | Houston, TX | $61,550 | $29.59 |
| 10 | Raleigh, NC | $59,039 | $28.38 |
| 11 | Seattle, WA | $57,296 | $27.55 |
| 12 | Chicago, IL | $56,692 | $27.26 |
| 13 | Philadelphia, PA | $56,339 | $27.09 |
| 14 | McLean, VA | $56,281 | $27.06 |
| 15 | Boston, MA | $55,134 | $26.51 |
| 16 | Mentor, OH | $53,436 | $25.69 |
| 17 | Saint Louis, MO | $52,868 | $25.42 |
| 18 | Miami, FL | $52,519 | $25.25 |
| 19 | Baltimore, MD | $51,832 | $24.92 |
| 20 | Indianapolis, IN | $47,926 | $23.04 |
Finance Associates are the most in-demand in these five cities:
Finance associate salary details
A finance associate's salary ranges from $50,000 a year at the 10th percentile to $130,000 at the 90th percentile.
What is a finance associate's salary?
| Percentile | Annual salary | Monthly salary | Hourly rate |
|---|---|---|---|
| 90th Percentile | $130,000 | $10,833 | $63 |
| 75th Percentile | $104,000 | $8,667 | $50 |
| Average | $81,339 | $6,778 | $39 |
| 25th Percentile | $63,000 | $5,250 | $30 |
| 10th Percentile | $50,000 | $4,167 | $24 |
Highest paying finance associate jobs
The highest paying types of finance associates are finance manager, senior finance consultant, and trader.
| Job title | Annual salary | Monthly salary | Hourly rate | Job openings |
|---|---|---|---|---|
| Trader | $90,179 | $7,515 | $43.36 | 17,351 |
| Personal Banker | $37,639 | $3,137 | $18.10 | 36,603 |
| Banker | $44,463 | $3,705 | $21.38 | 29,725 |
| Relationship Banker | $37,091 | $3,091 | $17.83 | 34,587 |
| Finance Service Representative | $38,361 | $3,197 | $18.44 | 220,519 |
| Finance Service Advisor | $50,706 | $4,225 | $24.38 | 118,612 |
How would you rate the starting salaries for finance associates, as well as the prospects for salary advancement?
Dr. Francis Cai Ph.D.
Professor, William Paterson University of New Jersey
Top companies hiring finance associates now:
Which companies pay finance associates the most?
Finance associate salaries at Pillsbury Winthrop Shaw Pittman and Sidley Austin are the highest-paying according to our most recent salary estimates. In addition, the average finance associate salary at companies like Kirkland & Ellis and Vedder Price are highly competitive.
| Rank | Company | Average salary | Hourly rate |
|---|---|---|---|
| 1 | Pillsbury Winthrop Shaw Pittman | $213,465 | $102.63 |
| 2 | Sidley Austin | $210,707 | $101.30 |
| 3 | Kirkland & Ellis | $189,682 | $91.19 |
| 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 |
| 9 | Shearman & Sterling | $172,183 | $82.78 |
| 10 | Goodwin | $160,719 | $77.27 |
| 11 | Cornerstone Research | $158,394 | $76.15 |
| 12 | DLA Piper | $156,102 | $75.05 |
| 13 | Holland & Knight | $155,585 | $74.80 |
| 14 | The Citadel | $151,859 | $73.01 |
| 15 | Dorsey & Whitney | $150,135 | $72.18 |
| 16 | Clifford Chance | $148,717 | $71.50 |
| 17 | Meta | $139,677 | $67.15 |
| 18 | White & Case | $138,355 | $66.52 |
| 19 | Bill & Melinda Gates Foundation | $137,687 | $66.20 |
| 20 | Boston Consulting Group | $137,600 | $66.15 |
Wage gap by gender, race and education
Finance associate salary trends
The average finance associate salary has fallen by $-9,155 over the last ten years. In 2014, the average finance associate earned $90,494 annually, but today, they earn $81,339 a year. That works out to a -4% change in pay for finance associates over the last decade.
Compare finance associate salaries for cities or states with the national average over time.
Average finance associate salary over time
Compare finance associate salaries for individual cities or states with the national average.
Finance associate salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2025 | $81,300 | $39.11 | +3.9% |
| 2024 | $78,200 | $37.60 | -3.0% |
| 2023 | $80,500 | $38.71 | +0.5% |
| 2022 | $80,100 | $38.51 | -5.5% |
| 2021 | $84,500 | $40.64 | -6.3% |
Recently added finance associate salaries
| Company | Job | Location | Date added | Salary |
|---|---|---|---|---|
| Bloomenergy | Associate, Structured Finance (NCG) | San Jose, CA | 06/30/2025 | $96,000 |
| The University of Chicago | Grants and Finance Associate | Chicago, IL | 06/30/2025 | $58,039 |
| HNTB | New Grad Project Finance Associate II-WED (FOR Current/Previous Hntb Interns Only) | Oakland, CA | 06/30/2025 | $63,153 |
| Charles River Associates | Associate Principal/Utility Regulation and Finance (Energy Practice) | Chicago, IL | 06/29/2025 | $115,000 |
| Democratic Party | West Finance Associate | Washington, DC | 06/29/2025 | $52,000 |
| Ghosts | Senior Finance Associate | Los Angeles, CA | 06/29/2025 | $120,000 |
| Get It-Finance | Finance & Restructuring Associate-Remote | WFH | Wilmington, DE | 06/29/2025 | $41,740 |
| Anduril Industries | Senior Finance Associate | Costa Mesa, CA | 06/29/2025 | $90,000 |
| Forbright Bank | Analyst or Associate, Portfolio Management, Lender Finance | Chevy Chase, MD | 06/29/2025 | $70,000 |
| Careerglobalhc | SR. Commercial Vehicle Finance Associate (Truck & Trailer) | Nome, TX | 06/29/2025 | $55,900 |
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