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Funding specialist salary
Average funding specialist salary
$43,459
Understanding the Funding Specialist Role
A Funding Specialist plays a crucial role in managing financial resources for organizations. Typically, these professionals earn an average salary of $43,459 annually. Their responsibilities include evaluating funding opportunities, preparing proposals, and maintaining relationships with financial institutions and grant providers.
Salary Insights by Location
The salary for Funding Specialists can vary significantly by state. For instance, states like California and New York often offer higher compensation due to their robust job markets and demand for skilled professionals. It’s essential for candidates to consider geographical factors when evaluating potential earnings.
Career Progression and Opportunities
As you gain experience in this field, opportunities for advancement become available. Higher-level positions may include roles such as Funding Manager or Grants Director, which often come with increased responsibilities and compensation. Continuous professional development can enhance your prospects in this dynamic career.
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Where can a Funding Specialist earn more?
Funding specialist salary estimates from across the web
Average funding specialist salary by state
The highest-paying states for funding specialists are Hawaii, California, and New Jersey. The lowest average funding specialist salary states are Minnesota, Nebraska, and South Dakota.
- State view
- County view
Highest paying states for funding specialists
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Hawaii | $63,620 | $30.59 |
| 2 | Nevada | $55,203 | $26.54 |
| 3 | Arizona | $50,565 | $24.31 |
| 4 | Rhode Island | $49,455 | $23.78 |
| 5 | California | $62,399 | $30.00 |
| 6 | Delaware | $49,231 | $23.67 |
| 7 | New Jersey | $55,543 | $26.70 |
| 8 | District of Columbia | $50,792 | $24.42 |
| 9 | Florida | $48,453 | $23.29 |
| 10 | Alaska | $46,157 | $22.19 |
| 11 | Texas | $47,289 | $22.74 |
| 12 | Pennsylvania | $46,355 | $22.29 |
| 13 | Louisiana | $49,173 | $23.64 |
| 14 | North Carolina | $42,151 | $20.26 |
| 15 | Oregon | $46,475 | $22.34 |
| 16 | Kansas | $42,119 | $20.25 |
| 17 | Connecticut | $47,527 | $22.85 |
| 18 | New York | $42,811 | $20.58 |
| 19 | Maryland | $42,831 | $20.59 |
| 20 | Massachusetts | $44,886 | $21.58 |
| 21 | Georgia | $42,336 | $20.35 |
| 22 | New Mexico | $40,727 | $19.58 |
| 23 | Virginia | $42,399 | $20.38 |
| 24 | Michigan | $38,834 | $18.67 |
| 25 | Idaho | $39,601 | $19.04 |
| 26 | Mississippi | $40,672 | $19.55 |
| 27 | Maine | $36,510 | $17.55 |
| 28 | Iowa | $37,394 | $17.98 |
| 29 | West Virginia | $38,659 | $18.59 |
| 30 | Utah | $37,701 | $18.13 |
| 31 | Tennessee | $37,752 | $18.15 |
| 32 | Illinois | $37,916 | $18.23 |
| 33 | Ohio | $37,445 | $18.00 |
| 34 | Oklahoma | $38,416 | $18.47 |
| 35 | Arkansas | $37,767 | $18.16 |
| 36 | Indiana | $37,567 | $18.06 |
| 37 | South Carolina | $39,047 | $18.77 |
| 38 | Wisconsin | $38,628 | $18.57 |
| 39 | Vermont | $35,338 | $16.99 |
| 40 | South Dakota | $32,748 | $15.74 |
| 41 | North Dakota | $32,226 | $15.49 |
| 42 | Colorado | $36,514 | $17.55 |
| 43 | Wyoming | $31,659 | $15.22 |
| 44 | Nebraska | $32,933 | $15.83 |
| 45 | New Hampshire | $34,765 | $16.71 |
| 46 | Washington | $36,239 | $17.42 |
| 47 | Kentucky | $36,188 | $17.40 |
| 48 | Alabama | $35,594 | $17.11 |
| 49 | Missouri | $35,128 | $16.89 |
| 50 | Minnesota | $33,943 | $16.32 |
| 51 | Montana | $30,409 | $14.62 |
Highest paying cities for funding specialists
The highest-paying cities for funding specialists are Urban Honolulu, HI, Pleasanton, CA, and Glendale, AZ.
| Rank | City | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Urban Honolulu, HI | $63,565 | $30.56 |
| 2 | Pleasanton, CA | $63,296 | $30.43 |
| 3 | Glendale, AZ | $50,787 | $24.42 |
| 4 | Miami, FL | $50,558 | $24.31 |
| 5 | Warwick, RI | $49,759 | $23.92 |
| 6 | Wilmington, DE | $49,331 | $23.72 |
| 7 | Austin, TX | $48,380 | $23.26 |
| 8 | Philadelphia, PA | $47,754 | $22.96 |
| 9 | Anchorage, AK | $46,100 | $22.16 |
| 10 | Portland, OR | $45,508 | $21.88 |
| 11 | Boston, MA | $44,737 | $21.51 |
| 12 | Wichita, KS | $43,357 | $20.84 |
| 13 | New York, NY | $43,281 | $20.81 |
| 14 | Bowie, MD | $42,923 | $20.64 |
| 15 | Atlanta, GA | $41,715 | $20.06 |
| 16 | Charlotte, NC | $41,515 | $19.96 |
| 17 | Milwaukee, WI | $38,891 | $18.70 |
| 18 | Chicago, IL | $38,049 | $18.29 |
| 19 | Conway, AR | $37,737 | $18.14 |
| 20 | Indianapolis, IN | $37,468 | $18.01 |
Funding specialist salary details
A funding specialist's salary ranges from $30,000 a year at the 10th percentile to $62,000 at the 90th percentile.
What is a funding specialist's salary?
| Percentile | Annual salary | Monthly salary | Hourly rate |
|---|---|---|---|
| 90th Percentile | $62,000 | $5,167 | $30 |
| 75th Percentile | $52,000 | $4,333 | $25 |
| Average | $43,459 | $3,622 | $21 |
| 25th Percentile | $35,000 | $2,917 | $17 |
| 10th Percentile | $30,000 | $2,500 | $14 |
Highest paying funding specialist jobs
The highest paying types of funding specialists are business developer, senior specialist, and staff specialist.
| Job title | Annual salary | Monthly salary | Hourly rate | Job openings |
|---|---|---|---|---|
| Operations Coordinator | $41,934 | $3,495 | $20.16 | 102,598 |
| Business Developer | $101,635 | $8,470 | $48.86 | 193,469 |
How would you rate the starting salaries for funding specialists, as well as the prospects for salary advancement?
Kim Chatani
Assistant Professor, Concordia University Irvine
Top companies hiring funding specialists now:
Which companies pay funding specialists the most?
Funding specialist salaries at Northern Trust and University of California, Berkeley are the highest-paying according to our most recent salary estimates. In addition, the average funding specialist salary at companies like Baxter & Woodman and Credit Suisse are highly competitive.
| Rank | Company | Average salary | Hourly rate |
|---|---|---|---|
| 1 | Northern Trust | $85,497 | $41.10 |
| 2 | University of California-Berkeley | $65,752 | $31.61 |
| 3 | Baxter & Woodman | $63,451 | $30.51 |
| 4 | Credit Suisse | $59,671 | $28.69 |
| 5 | BNY Mellon | $58,228 | $27.99 |
| 6 | Woodard & Curran | $56,519 | $27.17 |
| 7 | BOK Financial | $55,245 | $26.56 |
| 8 | American Beacon Advisors | $53,727 | $25.83 |
| 9 | Self Help Africa USA | $53,696 | $25.82 |
| 10 | Home Bancshares Inc. | $53,635 | $25.79 |
| 11 | American National Bank & Trust | $51,447 | $24.73 |
| 12 | Washington State University | $50,853 | $24.45 |
| 13 | Alaska USA | $49,943 | $24.01 |
| 14 | Alamar Biosciences | $48,733 | $23.43 |
| 15 | Jacobs Enterprises | $48,724 | $23.43 |
| 16 | PulteGroup | $48,592 | $23.36 |
| 17 | UW Credit Union | $48,472 | $23.30 |
| 18 | Cardinal Financial | $47,989 | $23.07 |
| 19 | Premium Merchant Funding | $47,277 | $22.73 |
| 20 | UNIFY Financial Credit Union | $46,381 | $22.30 |
Wage gap by gender, race and education
Funding specialist salary trends
The average funding specialist salary has risen by $6,396 over the last ten years. In 2014, the average funding specialist earned $37,063 annually, but today, they earn $43,459 a year. That works out to a 9% change in pay for funding specialists over the last decade.
Compare funding specialist salaries for cities or states with the national average over time.
Average funding specialist salary over time
Compare funding specialist salaries for individual cities or states with the national average.
Funding specialist salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2025 | $43,500 | $20.89 | +3.8% |
| 2024 | $41,800 | $20.10 | +2.3% |
| 2023 | $40,800 | $19.63 | +0.7% |
| 2022 | $40,500 | $19.48 | +1.4% |
| 2021 | $40,000 | $19.21 | +1.3% |
Recently added funding specialist salaries
| Company | Job | Location | Date added | Salary |
|---|---|---|---|---|
| Get It Recruit-Educational Services | Educational Funding Specialist-Remote | WFH | New London, CT | 06/29/2025 | $41,740 |
| Sevita | Program Administration Funds Specialist | Nome, TX | 06/27/2025 | $41,740 |
| Caribou Financial | Funding Specialist | Chandler, AZ | 06/24/2025 | $52,175 |
| Closing USA | Funding Specialist | Irvine, CA | 06/14/2025 | $45,914 |
| Loan Depot | Funding Specialist | Irvine, CA | 06/13/2025 | $45,914 |
| Edmond Public Schools | Title I Funded Paraprofessional I | Edmond, OK | 06/13/2025 | $29,531 |
| Gold Star Mortgage Financial Group, Corporation | Funding & Collateral Specialist | Ann Arbor, MI | 06/12/2025 | $43,827 |
| Arcadis | Funding Specialist | Columbus, OH | 06/10/2025 | $42,948 |
| JFF | Trust Fund Program Specialists Trust Fund Specialist | Oakdale, LA | 06/10/2025 | $72,553 |
| Sofi | Loan Funding Specialist | Cottonwood Heights, UT | 06/06/2025 | $40,070 |
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