Financial analyst earnings by seniority

90th percentile

Top-level financial analyst earnings begin at:

$65.33 per hour

$135,890 per year

75th percentile

Senior-level financial analyst earnings begin at:

$55.39 per hour

$115,220 per year

50th percentile

Mid-level financial analyst earnings begin at:

$44.41 per hour

$92,370 per year

25th percentile

Junior-level financial analyst earnings begin at:

$36.78 per hour

$76,500 per year

10th percentile

Starting level financial analyst earnings begin at:

$29.96 per hour

$62,310 per year

Approximate values based on highest and lowest earning segments.

Financial analyst salary by state

State Name Average Salary
Georgia $99,420
Montana $99,190
South Dakota $99,150
Texas $99,150
Vermont $99,090
Missouri $98,420
Wisconsin $95,570
Michigan $95,420
Hawaii $94,640
Florida $94,490
Ohio $94,280
South Carolina $93,670
Arizona $93,540
Tennessee $92,990
Iowa $92,370
Utah $91,370
Alabama $91,290
Maine $88,320
New Mexico $87,630
Nebraska $85,320
Kansas $84,860
Pennsylvania $84,460
Nevada $83,430
New Hampshire $82,520
Indiana $81,760
Kentucky $81,660
Arkansas $81,110
Oklahoma $79,640
Mississippi $79,580
North Dakota $78,170
Louisiana $75,680
West Virginia $69,030
Puerto Rico $50,570
Virgin Islands, U.S. $49,440
Wyoming $187,090
New York $127,930
Oregon $120,590
Massachusetts $111,040
Connecticut $109,500
California $109,110
New Jersey $108,610
Washington $107,210
District of Columbia $105,780
Virginia $105,490
Colorado $103,850
Minnesota $102,990
North Carolina $102,390
Alaska $102,240
Delaware $101,800
Illinois $101,180
Idaho $100,830
Rhode Island $100,550
Maryland $100,370

How much does a Financial Analyst earn?

Financial analysts are in demand across many industries. Companies rely on experienced financial analysts to support business growth by identifying trends in financial data and helping senior management make informed decisions.

The size of the company influences starting salaries for financial analysts. The larger the company, the more money analysts tend to make. A financial analyst with less than a year of experience at a small company can expect a starting salary in the range of $45,250 to $53,750, according to the latest Robert Half Salary Guide. The projected starting salary for a financial analyst in a mid-sized company with one to three years of experience is between $58,000 to $76,000. Salaries for financial analysts at the manager level can be anywhere from $77,250 to $99,250 at a small company, to $88,000 to $118,000 at a midsize company, and $99,500 to $136,500 at a large company.

Besides company size, education can improve a financial analyst's earning potential. Analysts with a master’s degree or professional certification earn five to 10 percent more than their bachelor-degreed counterparts, according to the Robert Half survey.

A company's location also affects starting salaries for financial analysts. For example, in Chicago, starting salaries are almost 22 percent higher than average. On the other end of the spectrum, financial analysts in Lincoln, Nebraska, earn close to 22 percent less than the average. In the USA’s epicentre of finance, New York, a successful financial analyst can look to earn a salary of over $100,000 within a short time. Furthermore, bonuses may be rewarded to financial analysts if their work proves to be fruitful for a company or client. These bonuses are at the behest of the individual companies.

While the money you could make as a financial analyst is highly attractive, it is a very demanding job, requiring a high level of mental acumen and risk management. Stressful situations are par for the course in this field, but if earning lots of money and dealing with lots of money excites you, this is a potential avenue you could pursue.

How do financial analyst salaries compare to similar careers?

Financial analysts earn 11% less than similar careers in Iowa. On average, they make less than bank branch managers but more than operations research analysts.

Career Median Salary
Bank branch manager salary $133K
Investment fund manager salary $128K
Financial advisor salary $92K
Actuary salary $129K
Fundraising manager salary $99K
Financial analyst salary $92K
Loan officer salary $84K
Business analyst salary $86K
Budget analyst salary $87K
Operations research analyst salary $81K

Source: CareerExplorer (Aggregated)