As of July 01, 2026, the average salary for a Financial Modeling Consultant I in the United States is $84,416 per year, which breaks down to an hourly rate of $41.
However, a Financial Modeling Consultant I's salary can vary significantly. Here’s a look at the typical salary range:
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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.
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:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| Financial Modeling Consultant I | 0-2 years | $84,416 |
| Financial Modeling Consultant II | 2-4 years | $104,478 |
| Financial Modeling Consultant III | 4-7 years | $107,435 |
| Financial Modeling Consultant IV | 7+ years | $125,371 |
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 Financial Modeling Consultant Is. For example, consider the average annual salaries in these key locations:
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 $94,419. While startup companies pay approximate $79,850.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $79,850 |
| Growth Stage | 51~500 | $84,454 |
| Established | 501~5000 | $91,179 |
| Enterprise | 5000+ | $94,419 |
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.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Aerospace & Defense | $105,520 | $51.0 | 25% |
| Biotechnology | $105,520 | $51.0 | 25% |
| Business Services | $105,520 | $51.0 | 25% |
| Chemicals | $105,520 | $51.0 | 25% |
| Construction | $97,078 | $47.0 | 15% |
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 July 01, 2026Promotions 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 | $104,478 | 24% |
| Data Analytics Consultant II | $104,478 | 24% |
| Financial Modeling Consultant II | $104,478 | 24% |
| Professional Services Specialist II | $77,145 | -9% |
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Ready to take the next step in your career? Browse thousands of current Financial Modeling Consultant I job openings on our job board. Use the search bar below to find your perfect match.
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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 $106,474.
The highest pay for Financial Modeling Consultant I is $96,675.
The lowest pay for Financial Modeling Consultant I is $62,901.
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.
The Aerospace & Defense industry offers the highest average compensation for Financial Modeling Consultant I roles, with salaries approximately 25% above the market median.
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.)
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