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As of August 01, 2026, the average salary for an Associate Financial Analyst I in Indiana is $46,000 per year, which breaks down to an hourly rate of $22.
However, an Associate Financial Analyst I's salary can vary significantly. Here’s a look at the typical salary range:
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Associate Financial Analyst I Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $51,000 | $4,250 | $981 | $25 |
| Average | $46,000 | $3,833 | $885 | $22 |
| 25th Percentile | $40,700 | $3,392 | $783 | $20 |
Fullbeauty Brands - Indianapolis, IN
Banner Quality Management Inc - Crane, IN
Inteletech Global, Inc. - Indianapolis, IN
SYM Financial Corporation - Winona Lake, IN
An Associate Financial Analyst I's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, and company size can directly affect your earning potential.
Experience is a primary driver of an Associate Financial Analyst I's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| Associate Financial Analyst I | 0-1 years | $45,979 |
| Associate Financial Analyst II | 1-3 years | $53,215 |
| Associate Financial Analyst III | 3-5 years | $59,358 |
| Associate Financial Analyst IV | 5-7 years | $65,780 |
| Finance Policy and Operations Supervisor | 7+ years | $86,939 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Associate Financial Analyst Is. For example, consider the average annual salaries in these key locations:
Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:
Associate Financial Analyst I salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $51,494. While startup companies pay approximate $43,563.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $43,563 |
| Growth Stage | 51~500 | $46,073 |
| Established | 501~5000 | $49,727 |
| Enterprise | 5000+ | $51,494 |
For Associate Financial Analyst I roles, the industry you choose can affect earning potential by as much as 47% (the gap between the highest and lowest paying industries). Data shows that the Software & Networking and Biotechnology sectors offer the strongest compensation, at 22% above the average. In contrast, Associate Financial Analyst positions in Retail & Wholesale or Edu., Gov't. & Nonprofit typically offer lower base pay, as these industries often view Associate Financial Analyst I as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Software & Networking | $56,120 | $27.0 | 22% |
| Biotechnology | $55,200 | $27.0 | 20% |
| Internet | $54,280 | $26.0 | 18% |
| Energy & Utilities | $52,900 | $25.0 | 15% |
| Pharmaceuticals | $52,440 | $25.0 | 14% |
Understanding how an Associate Financial Analyst I's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $51,000 | $4,250 | $981 | $25 |
| Average | $46,000 | $3,833 | $885 | $22 |
| 25th Percentile | $40,700 | $3,392 | $783 | $20 |
For an Associate Financial Analyst I, the most direct path to higher earnings is advancing to the Associate Financial Analyst II role. This promotion typically comes with a significant pay increase, bringing the average annual salary to $53,300 - a projected growth of 16% over your current level.
Ready to take the next step in your career? Browse thousands of current Associate Financial Analyst I job openings on our job board. Use the search bar below to find your perfect match.
Ellison Bakery LLC
Fort Wayne, IN
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Noblesville, IN
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Indianapolis, IN
Augmentis | Indianapolis, IN
Job Description. Job Description. Financial Analyst – LaPorte, IN | Full Relocation Package Offered. Relocate to Northwest Indiana's Lake Michigan Shorelin... more
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