Average Salary of an Assistant Finance Manager
A career in finance carries with it considerable prestige, can bring a great deal of satisfaction, and is likely to offer a good salary. For the aspiring finance professional, one of the most attractive roles is that of an Assistant Finance Manager.
At the Office of National Statistics’ Annual Survey of Hours and Earnings, Assistant Finance Managers are among the professional occupations it surveys. The salary survey, conducted every year in April, found that the mean income for an Assistant Finance Manager was £39,115 a year as of 2020. This compares favourably to the average mean salary for a Finance Manager, which is £41,280 a year. Therefore, the salary for this role isn’t much lower than that of a more experienced Finance Manager.
The survey also revealed that whilst almost two thirds of Assistant Finance Managers were paid a salary of between £30,000-£45,000 per annum, some 25% earned more than £45,000. This includes those in the finance industry who may have a higher level of responsibility or qualify as ‘senior’. It’s also worth noting that revised salaries can increase with the number of years of experience and/or management qualifications that employees have.
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As many Attorney Finance Managers have several years of experience and qualifications, it is likely that their salaries will be higher than average. The salary survey also reported that there were a wide range of salaries that could be earned by Assistant Finance Managers, ranging from £19,047 to £68,210. This suggests that the earning potential of the position can be large and can depend on the individual’s experience and qualifications.
Overall, it is clear that the career prospects of an Assistant Finance Manager are positive, with the potential to earn a good salary. For those who are passionate about the financial industry and wish to pursue a career as a finance professional, the role of an Assistant Finance Manager is highly rewarding.
Assistant Finance Manager Salary: What You Need to Know
The salary of an assistant finance manager varies greatly depending on their experience, location, industry, and company size. The salary range can be wide, with some highly qualified and experienced assistant finance managers earning up to six figures. However, the median salary is between $50,000 and $80,000.
Factors Impacting Salary
When it comes to assistant finance manager salaries, there are many factors at play. Some of these include:
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- Experience: The more experience you have as an assistant finance manager, the higher your salary will likely be.
- Location: Salaries for assistant finance managers can differ depending on the location— you may earn more in larger cities or those with a higher cost-of-living.
- Industry: The industry that you work in can also affect your salary. For instance, finance professionals in the entertainment industry may earn more than those in the retail industry.
- Company Size: Smaller companies may offer lower salaries than larger companies with more resources.
In addition to a competitive salary, there are a variety of job benefits that can be included in your total compensation package. These can include bonus opportunities, health insurance, vacation days, retirement plans, and other perks. Benefits vary depending on the employer, so be sure to consider these when evaluating salary offers.
Finding the Right Salary
When searching for an assistant finance manager job, there are a few steps you can take to ensure that you receive a competitive salary. First, talk to industry professionals to get a better understanding of the salary range and the factors that can affect your pay. You should also research job postings to see what employers are offering and visit sites like Glassdoor and PayScale to determine the average salary for the role. Finally, you should be prepared to negotiate for a salary that reflects your experience and qualifications.
Overall, the salary of an assistant finance manager is largely determined by the individual’s experience and the industry they’re working in. However, other factors such as location and company size can also have an impact. Prospective candidates should take into account all of these elements to ensure they receive a salary that accurately reflects their experience and qualifications.
Assistant Finance Manager Salary
The salary of an Assistant Finance Manager can vary depending on a number of factors. An Assistant Finance Manager is typically responsible for tasks such as budgeting, forecasting, financial reporting, and auditing. Depending on the size of the organization, their responsibilities may range from day-to-day operations to more complicated financial analysis tasks.
Factors Influencing Salary Range:
- Location: Where the Assistant Finance Manager is located will influence their salary range. Wages tend to be higher in cities and larger organizations.
- Experience: A person with more experience may expect a higher salary. Individuals with certifications and additional education may also command higher salaries.
- Responsibilities: The more complex the tasks assigned to the Assistant Finance Manager, the more likely their salary will reflect the level of responsibility.
Average Salary Range for Assistant Finance Manager
Depending on the aforementioned factors, the average salary for an Assistant Finance Manager can range from $50,000 – $80,000 per year. Those located in larger cities and organizations may expect to earn the higher end of the range.
As the finance field is in high demand, and industries continue to become more complex and need more specialized skills, the expectation for higher salaries for those working in the field of finance is likely to continue to increase.
The salary of an Assistant Finance Manager can vary depending on location, experience, and responsibilities. On average, an Assistant Finance Manager can expect to earn between $50,000 and $80,000 per year. As the field of finance continues to grow and demand higher skills, the salary range for an Assistant Finance Manager will likely continue to increase. Being an Assistant Finance Manager can be an exciting and rewarding job. With the average salary for this position coming in at around $60,000 a year, it is an attractive career opportunity for many people.
The job of an Assistant Finance Manager can vary depending on the industry and the size of an organization. But, in general, an Assistant Finance Manager will oversee the finances of a business and assist the Finance Manager in making financial decisions. They work with accounting software, analyze financial data, and develop financial plans. They will also play a role in auditing, ensure compliance with financial regulations, and manage costs.
Competence and qualifications are important for aspiring Assistant Finance Managers. Some of these include having a degree or qualification in finance or accounting, and proven experience in a related field. Professional certifications such as CPA, CMA, or CFA are useful for the position as well. Because of the technical nature of the job, the ability to read and analyze financial data is essential. Good communication skills are also essential for this position in order to present data and financial plans to management.
The pay for an Assistant Finance Manager can vary depending on experience and the size of an organization. The national average salary for this role is around $60,000 a year. It is not unusual for experienced and qualified individuals to earn over $80,000 while working in a large organization. In addition to the salary, some employers may provide additional benefits such as healthcare, vacation time, and retirement savings plans.
In conclusion, becoming an Assistant Finance Manager can be a great opportunity for the right person. With the average salary being around $60,000 a year, and the potential to earn more in a large organization, it is a financially attractive job. To excel in the role, aspirants must have the right credentials, qualifications, and skills, as well as the ability to read and manage financial data.