As of July 01, 2026, the average salary for a Financial Associate in Minnesota is $64,853 per year, which breaks down to an hourly rate of $31.
However, a Financial Associate's salary can vary significantly. Here’s a look at the typical salary range:
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Financial Associate Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $72,519 | $6,043 | $1,395 | $35 |
| Average | $64,853 | $5,404 | $1,247 | $31 |
| 25th Percentile | $56,913 | $4,743 | $1,094 | $27 |
Thrivent Financial for Lutherans - Rochester, MN
Mitchell Hamline School of Law - Saint Paul, MN
Northwestern Mutual-Twin Cities - Saint Paul, MN
Northwestern Mutual - Hopkins, MN
A Financial Associate'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 Associate'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 |
|---|---|
| Entry Level Financial Associate | $64,081 |
| Intermediate Level Financial Associate | $65,404 |
| Senior Level Financial Associate | $68,103 |
| Specialist Level Financial Associate | $68,471 |
| Expert Level Financial Associate | $69,084 |
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 Associates. 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 Associate roles, the industry you choose can impact your earning potential by as much as 20% (the gap between the highest and lowest paying industries). Data shows that the highest-paying industry, Edu., Gov't. & Nonprofit, offers compensation 10% above the average. Conversely, Financial Associate positions in Business Services typically offer lower base pay, as this sector often view Financial Associate as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Edu., Gov't. & Nonprofit | $71,338 | $34.0 | 10% |
Understanding how a Financial Associate'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 | $72,519 | $6,043 | $1,395 | $35 |
| Average | $64,853 | $5,404 | $1,247 | $31 |
| 25th Percentile | $56,913 | $4,743 | $1,094 | $27 |
Ready to take the next step in your career? Browse thousands of current Financial Associate job openings on our job board. Use the search bar below to find your perfect match.
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