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What does a Financial Administrator earn?
Financial administrators usually earn an average salary of £15,000 per year in the UK. They are in charge of overseeing the financial aspects of any organisation, ensuring that all transactions are accurate and properly managed. They are responsible for preparing financial reports, coordinating taxes and payments, maintaining financial records, and dealing with both internal and external audits. Financial administrators must stay up to date with the latest financial regulations and industry practices.
How to earn more as a Financial Administrator
If you want to become a Financial Administrator, you will need a degree in finance, accountancy, or business management. You can pursue a degree apprenticeship as an alternative route. To potentially earn more, you can advance into a specialised area or take on a managerial role. You could also look into becoming self-employed or starting your own business in finance. The best paid Financial Administrators can make over £28,000 a year.
Min: £67.00 Max: £28,000.00
Average Financial Administrator Salary in UK : £15,042.60
Read about Financial Administrator salaries, related jobs and salary information across the UK
Financial Administrator Salary data from the ONS
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Recommended Financial Administrator Jobs in UK
Average Salary for Financial Administrator compared to similar jobs
Related Jobs
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| Job Title | UK Average |
|---|---|
| Pensions Administrator Salary in UK | £15,877.13 |
| Financial Clerk Salary in UK | £21,669.71 |
| Finance Assistant Salary in UK | £24,607.07 |
| Procurement Clerk Salary in UK | £24,764.27 |
| Cash Allocation Clerk Salary in UK | £25,365.24 |
| Finance Clerk Salary in UK | £25,812.97 |
| Treasury Assistant Salary in UK | £25,877.76 |
| Finance Administrator Salary in UK | £26,006.23 |
| Expense Clerk Salary in UK | £26,241.81 |
| Pensions and Benefits Administrator Salary in UK | £27,431.39 |
| Income Officer Salary in UK | £27,667.96 |
| Pay and Pensions Administrator Salary in UK | £27,734.01 |
| Pension Plans Administrator Salary in UK | £34,297.62 |
Salary by Region
Compare Financial Administrator salaries across different regions
| Region | Salary |
|---|---|
| Scotland | £18,133.67 |
| East Midlands | £19,266.40 |
| Eastern | £19,353.52 |
| London | £21,752.04 |
| North West | £13,085.11 |
| South East | £20,073.29 |
| South West | £10,865.38 |
| West Midlands | £20,541.78 |
| Yorkshire and the Humber | £20,248.17 |
Annual Job Ads by Region
Understanding the Average Financial Administrator Salary in the UK
As a Financial Administrator in the UK, it is important to have a clear understanding of the average salary in this field. The average Finance salaries in the UK can vary depending on factors such as experience, qualifications, and location. To get a better idea of the average salary range for Financial Administrators, you can refer to the average Finance salaries data.
Salary Expectations for Newly Qualified Financial Administrator
If you are a newly qualified Financial Administrator, it is essential to have realistic salary expectations. Entry-level positions may offer a lower salary range, but as you gain experience and prove your skills, you can expect your salary to increase. To explore job opportunities and find out the salary expectations for newly qualified Financial Administrators, you can visit the job search section.
Salaries for Experienced Financial Administrator
Experienced Financial Administrators in the UK can enjoy higher salaries due to their expertise and track record. The salary range for experienced professionals in this field can vary significantly. To get a better understanding of the salary range for experienced Financial Administrators, it is recommended to research industry-specific salary surveys and consult with recruitment agencies.
Creating a Financial Administrator CV
A well-crafted CV is crucial for securing a job as a Financial Administrator. It should highlight your skills, qualifications, and relevant experience. To create an impressive CV, you can use a CV template specifically designed for Financial Administrators. This template will guide you in showcasing your strengths and presenting your professional profile in the best possible way.
Career Development Opportunities for Financial Administrator
As a Financial Administrator, there are various career development opportunities available to help you progress in your field. Whether it's pursuing additional qualifications, attending professional development courses, or seeking mentorship, investing in your career growth can lead to higher earning potential. To explore different career development options for Financial Administrators, you can refer to the career advice section.
Comprehensive Compensation for Financial Administrator
Aside from the base salary, Financial Administrators may also receive additional compensation in the form of bonuses, commissions, or benefits. The comprehensive compensation package can vary depending on the company and industry. It is important to consider the overall package when evaluating job offers and negotiating your salary.
Strategies for Increasing Your Salary as a Financial Administrator
If you are looking to increase your salary as a Financial Administrator, there are several strategies you can employ. These include acquiring additional certifications, expanding your skill set, taking on more responsibilities, and demonstrating your value to the organization. By continuously improving yourself and showcasing your abilities, you can position yourself for salary growth and advancement opportunities.
Professional Development and Earnings
Continuing professional development is crucial for Financial Administrators to stay updated with industry trends and enhance their earning potential. By attending seminars, workshops, and conferences, you can expand your knowledge and network with other professionals in the field. This can open doors to new opportunities and potentially lead to higher earnings.
Capitalising on Extra Hours and Duties
Financial Administrators may have the opportunity to take on extra hours or duties, which can contribute to increased earnings. Whether it's working on special projects, assisting with financial analysis, or taking on additional responsibilities, going the extra mile can demonstrate your dedication and potentially lead to higher compensation.
