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Last updated: November 10, 2024
Factor Salary
in Jamestown, New York
This page is an excerpt of the much more complete compensation information available in ERI's Assessor Series.
$111,005 (USD)
Average Salary
$53/hr
Average Hourly
$5,528
Average Bonus
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Last updated: November 10, 2024
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Salary Recap
The average pay for a Factor is $111,005 a year and $53 an hour in Jamestown, New York, United States. The average salary range for a Factor is between $76,371 and $135,537. On average, a Bachelor's Degree is the highest level of education for a Factor. This compensation analysis is based on salary survey data collected directly from employers and anonymous employees in Jamestown, New York.
ERI's compensation data are based on salary surveys conducted and researched by ERI. Cost of labor data in the Assessor Series are based on actual housing sales data from commercially available sources, plus rental rates, gasoline prices, consumables, medical care premium costs, property taxes, effective income tax rates, etc.
Find actuarial salary survey data and benchmark salary and pay.
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Salary Potential
Salary Potential
Estimated salary in 2029:
$124,687
5 Year Change:
12 %
Shift Differentials
Shift Differentials
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Shift differentials are used to adjust the compensation of an employee due to the time of day or the day of the week that the employee worked.
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About Jamestown, New York
Jamestown Cost of Living Score:
Description:
Jamestown is a city in southern Chautauqua County, New York, United States. The population was 28,712 at the 2020 census. Situated between Lake Erie to the north and the Allegheny National Forest to the south, Jamestown is the largest city in the county. Nearby Chautauqua Lake is a freshwater resource used by fishermen, boaters, and naturalists.
In the 20th century, Jamestown was a thriving industrial area, noted for producing several well-known products. They include the crescent wrench, produced by Karl Peterson's the Crescent Tool Company in Jamestown beginning in 1907. and the automatic lever voting machine,...
Job Summary
Description:
- Purchases, or factors, at a discount, accounts receivable from businesses needing operating capital.
- Directs collection of facts about prospective client's business, such as credit rating of customers, evaluation of past losses, terms of sales, due dates, average amount of invoices, and expected volume and turnover of accounts receivable.
- Evaluates data collected to determine type of factoring plan to propose and percentage of net face value of accounts to advance that will yield favorable profit margin and alleviate client's cash shortage.
Factor Job Listings for
No listings found
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Salary Recap
The average pay for a Factor is $111,005 a year and $53 an hour in Jamestown, New York, United States. The average salary range for a Factor is between $76,371 and $135,537. On average, a Bachelor's Degree is the highest level of education for a Factor. This compensation analysis is based on salary survey data collected directly from employers and anonymous employees in Jamestown, New York.
ERI's compensation data are based on salary surveys conducted and researched by ERI. Cost of labor data in the Assessor Series are based on actual housing sales data from commercially available sources, plus rental rates, gasoline prices, consumables, medical care premium costs, property taxes, effective income tax rates, etc.
Find actuarial salary survey data and benchmark salary and pay.
Powered by ERI's Database
Who We Are
ERI Economic Research Institute compiles the best salary, cost-of-living, and executive compensation survey data available.
View our ProductsJob Statistics
Factor Job Prevalence in the United States
Job family: Credit Analysts
Job family population: 73,200
Estimated population of Factor jobs: 11,939
Rate of error: 1.2%
Take the guess work out of setting pay
Determine competitive salary levels, compare employee compensation with market benchmarks, and get instant access to reliable salary survey data online.
About Jamestown, New York
Jamestown Cost of Living Score:
Description:
Jamestown is a city in southern Chautauqua County, New York, United States. The population was 28,712 at the 2020 census. Situated between Lake Erie to the north and the Allegheny National Forest to the south, Jamestown is the largest city in the county. Nearby Chautauqua Lake is a freshwater resource used by fishermen, boaters, and naturalists.
In the 20th century, Jamestown was a thriving industrial area, noted for producing several well-known products. They include the crescent wrench, produced by Karl Peterson's the Crescent Tool Company in Jamestown beginning in 1907. and the automatic lever voting machine,...
Job Summary
Description:
- Purchases, or factors, at a discount, accounts receivable from businesses needing operating capital.
- Directs collection of facts about prospective client's business, such as credit rating of customers, evaluation of past losses, terms of sales, due dates, average amount of invoices, and expected volume and turnover of accounts receivable.
- Evaluates data collected to determine type of factoring plan to propose and percentage of net face value of accounts to advance that will yield favorable profit margin and alleviate client's cash shortage.
Factor Job Listings for
No listings found
Who We Are
ERI Economic Research Institute compiles the best salary, cost-of-living, and executive compensation survey data available.
View our ProductsTake the guess work out of setting pay
Determine competitive salary levels, compare employee compensation with market benchmarks, and get instant access to reliable salary survey data online.
You May Also Like
White Papers
National Compensation Forecast October 2024
ERI examines compensation trends and changes for the upcoming year to provide guidance on the expected salary increase for the upcoming year.
Read More
Remote Work, AI, and Compensation Best Practices Survey Results - Spring 2024
Learn how remote work and artificial intelligence changes how organizations approach labor and compensation practices.
Read More
Planning Global Compensation Budgets for 2025
Learn about current global salary trends and salary increases in 2024 to strategically inform your financial planning decision for the upcoming year.
Read More