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Financial Modeling Consultant I Salary in the United States

How much does a Financial Modeling Consultant I make in the United States?

As of September 01, 2026, the average salary for a Financial Modeling Consultant I in the United States is $64,028 per year, which breaks down to an hourly rate of $31.

However, a Financial Modeling Consultant I's salary can vary significantly. Here’s a look at the typical salary range:

  • Top Earners (90th percentile): $73,469
  • Majority Range (25th-75th percentile): $57,236 to $68,970
  • Entry-Level (10th percentile): $51,052
Salary Factors Salary-Boosting Skills Salary by Experience Related Job Salaries Top Paying Cities Explore Related Jobs

Key Factors That Influence Financial Modeling Consultant I Salaries

A Financial Modeling Consultant 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.

How Experience Level Affects Financial Modeling Consultant I Salaries?

Experience is a primary driver of a Financial Modeling Consultant 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:

  • Financial Modeling Consultant I (0-2 years): $64,028
  • Financial Modeling Consultant II (2-4 years): $104,495
  • Financial Modeling Consultant III (4-7 years): $132,767
  • Financial Modeling Consultant IV (7+ years): $145,716
Job Role Years of Experience Average Salary
Financial Modeling Consultant I0-2 years$64,028
Financial Modeling Consultant II2-4 years$104,495
Financial Modeling Consultant III4-7 years$132,767
Financial Modeling Consultant IV7+ years$145,716
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How Do Financial Modeling Consultant I Salaries Vary from State to State?

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 Financial Modeling Consultant Is. For example, consider the average annual salaries in these key locations:
  • District of Columbia: $70,892.
  • California: $70,623.
  • Massachusetts: $69,682.

Top Paying Cities for Financial Modeling Consultant Is

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:

  • San Jose: $80,759
  • San Francisco: $79,874
  • Oakland: $78,191

Financial Modeling Consultant I Salary by Company Size: Startups vs. Enterprise

Financial Modeling Consultant I salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $71,554. While startup companies pay approximate $60,527.

Financial Modeling Consultant I Salary by Company Size

Company Size Employees Average Salary
Startup 1~50 $60,527
Growth Stage 51~500 $64,014
Established 501~5000 $69,094
Enterprise 5000+ $71,554

Financial Modeling Consultant I Salary by Industry: Top Paying Sectors

For Financial Modeling Consultant I roles, the industry you choose can affect earning potential by as much as 50% (the gap between the highest and lowest paying industries). Data shows that the Aerospace & Defense and Biotechnology sectors offer the strongest compensation, at 25% above the average. In contrast, Financial Modeling Consultant positions in MFG Durable or Media typically offer lower base pay, as these industries often view Financial Modeling Consultant I as a support function rather than a direct revenue driver.

The top paying industries for a Financial Modeling Consultant I

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Aerospace & Defense$80,035$38.025%
Biotechnology$80,035$38.025%
Business Services$80,035$38.025%
Chemicals$80,035$38.025%
Construction$73,632$35.015%

Financial Modeling Consultant I Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a Financial Modeling Consultant 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.

Last Updated on September 01, 2026
$57,236
Average $64,028/year
$68,970
$4,770
Average $5,336/month
$5,748
$1,101
Average $1,231/week
$1,326
$28
Average $31/hour
$33
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $68,970 $5,748 $1,326 $33
Average $64,028 $5,336 $1,231 $31
25th Percentile $57,236 $4,770 $1,101 $28

Financial Modeling Consultant I Salary Growth & Career Path

Financial Modeling Consultant I

Next Role

Advancement

Promotions are the fastest way to increase your earnings. As a Financial Modeling Consultant I, you have the following paths for advancement. The table below compares the salary raises for common next-step roles. By comparing these figures, you can choose the career path that best meets your financial goals.

Next Step Role Estimate Salary Projected Raise
Audit Associate II $104,495 63%
Data Analytics Consultant II $104,495 63%
Financial Modeling Consultant II $104,495 63%
Professional Services Specialist II $77,118 20%

Most common benefits for Financial Modeling Consultant I

  • Social Security
  • 401 (k)
  • Disability
  • Healthcare
  • Pension
  • Time Off (days)

Common company salaries for Financial Modeling Consultant I

Here are companies hiring for Financial Modeling Consultant I and their salaries, click below for more details.

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FAQ about Financial Modeling Consultant I

1. Where can a Financial Modeling Consultant I earn the most?

A Financial Modeling Consultant I's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer. According to the latest salary data by Salary.com, a Financial Modeling Consultant I earns the most in San Jose, CA, where the annual salary of a Financial Modeling Consultant I is $80,759.

2. What is the highest pay for Financial Modeling Consultant I?

The highest pay for Financial Modeling Consultant I is $73,469.

3. What is the lowest pay for Financial Modeling Consultant I?

The lowest pay for Financial Modeling Consultant I is $51,052.

4. What are the responsibilities of Financial Modeling Consultant I?

Responsible for developing and refining models to forecast financial performance and provide strategic guidance to clients. Evaluates financial data, market research, and historical performance to identify trends and make recommendations. Provides strategic guidance on how to successfully implement changes to align with strategic goals. Tracks variances between financial projections and actual results to identify and troubleshoot differences and recommend adjustments or improvements. Stays current on industry best practices and emerging trends and makes recommendations to clients accordingly. Requires a bachelor's degree. Typically reports to a manager. Work is closely managed. Works on projects/matters of limited complexity in a support role. Typically requires 0-2 years of related experience.

5. What industry pays the highest salary for Financial Modeling Consultant I?

The Aerospace & Defense industry offers the highest average compensation for Financial Modeling Consultant I roles, with salaries approximately 25% above the market median.

Where Does Our Salary Data Come From?

Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.

We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)

With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.

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