Know your market value with insights across roles — from individual contributors to executive pay and overall company compensation trends.
Access a suite of powerful calculators to make data-driven career decisions.
Automate pay cycles, manage job architectures, and ensure pay equity with AI-powered compensation platforms.
Access validated salary benchmarks, labor market trends, and minimum wage data to stay competitive.
Participate in and purchase industry-specific salary surveys to obtain the most accurate, peer-reported pay data.
As of August 01, 2026, the average salary for a Financial Reporting Specialist in Minnesota is $119,885 per year, which breaks down to an hourly rate of $58.
However, a Financial Reporting Specialist's salary can vary significantly. Here’s a look at the typical salary range:
Compensation Planning
Develop a Job Description
Pay Equity
2026 Compensation Trend
AI Onboarding
Recruit with AI
Financial Reporting Specialist Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $130,739 | $10,895 | $2,514 | $63 |
| Average | $119,885 | $9,990 | $2,305 | $58 |
| 25th Percentile | $110,473 | $9,206 | $2,124 | $53 |
Phenom People - Minneapolis, MN
CHS Inc - Inver Grove Heights, MN
Dessert Holdings Inc. - Saint Paul, MN
Lakeland Companies - Minneapolis, MN
A Financial Reporting Specialist'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 Reporting Specialist'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:
| Levels | Salary |
|---|---|
| Financial... Level Financial Reporting Specialist | $82,423 |
| Financial... Level Financial Reporting Specialist | $98,784 |
| Financial... Level Financial Reporting Specialist | $119,087 |
| Financial... Level Financial Reporting Specialist | $153,591 |
| Financial... Level Financial Reporting Specialist | $107,298 |
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 Reporting Specialists. 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:
For Financial Reporting Specialist roles, the industry you choose can affect earning potential by as much as 60% (the gap between the highest and lowest paying industries). Data shows that the Energy & Utilities and Biotechnology sectors offer the strongest compensation, at 30% above the average. In contrast, Financial Reporting Specialist positions in Edu., Gov't. & Nonprofit or Retail & Wholesale typically offer lower base pay, as these industries often view Financial Reporting Specialist as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Energy & Utilities | $155,850 | $75.0 | 30% |
| Biotechnology | $149,856 | $72.0 | 25% |
| Software & Networking | $149,856 | $72.0 | 25% |
| Financial Services | $143,862 | $69.0 | 20% |
| Healthcare | $137,867 | $66.0 | 15% |
Understanding how a Financial Reporting Specialist'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 | $130,739 | $10,895 | $2,514 | $63 |
| Average | $119,885 | $9,990 | $2,305 | $58 |
| 25th Percentile | $110,473 | $9,206 | $2,124 | $53 |
Ready to take the next step in your career? Browse thousands of current Financial Reporting Specialist job openings on our job board. Use the search bar below to find your perfect match.
VersaBank
Minneapolis, MN
VersaBank | Minneapolis, MN
Job Description. Job Description. VersaBank is a North American bank, federally chartered in Canada and the United States through its wholly owned subsidia... more
9 Days Ago
VersaBank
Minneapolis, MN
VersaBank | Minneapolis, MN
Job Description. Job Description. VersaBank is a North American bank, federally chartered in Canada and the United States through its wholly owned subsidia... more
9 Days Ago
BNY
Houston, MN
BNY | Houston, MN
hackajob is collaborating with BNY to connect them with exceptional professionals for this role. We’re seeking a future team member for the role of Senior ... more
6 Days Ago
Mayo Clinic
Rochester, MN
Mayo Clinic | Rochester, MN
Mayo Clinic. Mayo Clinic is top-ranked in more specialties than any other care provider according to U.S. News & World Report. As we work together to put t... more
6 Days Ago
Ensemble Health Partners
Minneapolis, MN
Ensemble Health Partners | Minneapolis, MN
Inpatient Financial Counseling SpecialistEnsemble Health Partners is a leading provider of technology-enabled revenue cycle management solutions for health... more
8 Days Ago
Collabera Technologies
Minneapolis, MN
Collabera Technologies | Minneapolis, MN
DescriptionHomeSearch JobsJob DescriptionFinancial Crimes SpecialistContract: Minneapolis, Minnesota, USSalary Range: 50.00 - 55.00 Per HourJob Code: 36777... more
8 Days Ago
Get a Salary Increase
Analyze the market and your qualifications to negotiate your salary with confidence.
Search Job Openings
Search thousands of open positions to find your next opportunity.
Adjust Employee Salary
Individualize employee pay based on unique job requirements and personal qualifications.
Price My Industry Jobs
Get the latest market price for benchmark jobs and jobs in your industry.
Use Salary.com's Cost of Living Calculator to find out what income you need to maintain your standard of living in a different city and how much more or less money you need to budget for basic expenses.
Explore Cost of Living CalculatorSalary.com experts will help you thrive your workplaces.
Salary.com provides salary survey data for thousands of industry Jobs.
Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources. We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Salary.com's CompAnalyst platform offers:
