Finance Analyst Salary
Average Finance Analyst Salary
$69,887yearly
How much does a Finance Analyst make?
Finance analysts make $69,887 per year on average, or $33.6 per hour, in the United States. Finance analysts on the lower end of that spectrum, the bottom 10% to be exact, make roughly $46,000 a year, while the top 10% makes $104,000.
Location impacts how much a finance analyst can expect to make. Finance analysts make the most in Connecticut, New York, California, Washington, and New Jersey.
Highest Paying States For Finance Analysts
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Finance Analyst average salary by State
| Rank | State | Avg. Salary | Hourly Rate | Job Count |
|---|---|---|---|---|
| 1 | New York | $82,552 | $39.69 | 3,429 |
| 2 | Connecticut | $83,960 | $40.37 | 667 |
| 3 | Washington | $75,245 | $36.18 | 1,468 |
| 4 | Delaware | $70,090 | $33.70 | 294 |
| 5 | California | $76,357 | $36.71 | 5,795 |
| 6 | Massachusetts | $73,203 | $35.19 | 1,816 |
| 7 | Rhode Island | $70,828 | $34.05 | 214 |
| 8 | New Jersey | $74,694 | $35.91 | 1,445 |
| 9 | Virginia | $67,743 | $32.57 | 2,281 |
| 10 | Pennsylvania | $70,054 | $33.68 | 1,775 |
| 11 | District of Columbia | $70,153 | $33.73 | 625 |
| 12 | Illinois | $63,860 | $30.70 | 2,439 |
| 13 | New Hampshire | $69,950 | $33.63 | 242 |
| 14 | Oregon | $68,853 | $33.10 | 648 |
| 15 | Nevada | $67,559 | $32.48 | 322 |
| 16 | North Carolina | $62,020 | $29.82 | 1,661 |
| 17 | Maryland | $66,772 | $32.10 | 1,416 |
| 18 | Michigan | $62,361 | $29.98 | 1,257 |
| 19 | Ohio | $61,286 | $29.46 | 1,433 |
| 20 | Wisconsin | $58,717 | $28.23 | 1,022 |
| 21 | Arizona | $60,758 | $29.21 | 1,044 |
| 22 | Wyoming | $57,448 | $27.62 | 131 |
| 23 | Minnesota | $60,965 | $29.31 | 1,221 |
| 24 | Vermont | $61,646 | $29.64 | 131 |
| 25 | Texas | $58,420 | $28.09 | 3,746 |
| 26 | Missouri | $60,105 | $28.90 | 898 |
| 27 | West Virginia | $60,682 | $29.17 | 159 |
| 28 | Utah | $56,709 | $27.26 | 739 |
| 29 | Maine | $60,119 | $28.90 | 186 |
| 30 | Indiana | $58,263 | $28.01 | 843 |
| 31 | Tennessee | $56,184 | $27.01 | 898 |
| 32 | Alaska | $58,928 | $28.33 | 142 |
| 33 | Idaho | $56,907 | $27.36 | 260 |
| 34 | Colorado | $56,337 | $27.09 | 1,143 |
| 35 | North Dakota | $54,774 | $26.33 | 187 |
| 36 | Kentucky | $56,886 | $27.35 | 414 |
| 37 | New Mexico | $57,081 | $27.44 | 250 |
| 38 | Iowa | $56,353 | $27.09 | 430 |
| 39 | South Dakota | $55,042 | $26.46 | 147 |
| 40 | Georgia | $55,282 | $26.58 | 1,714 |
| 41 | Arkansas | $55,313 | $26.59 | 282 |
| 42 | Hawaii | $51,194 | $24.61 | 190 |
| 43 | Alabama | $54,389 | $26.15 | 665 |
| 44 | Florida | $52,135 | $25.06 | 2,723 |
| 45 | South Carolina | $55,105 | $26.49 | 495 |
| 46 | Nebraska | $52,848 | $25.41 | 311 |
| 47 | Kansas | $54,000 | $25.96 | 295 |
| 48 | Montana | $54,093 | $26.01 | 136 |
| 49 | Mississippi | $51,498 | $24.76 | 265 |
| 50 | Louisiana | $52,131 | $25.06 | 361 |
| 51 | Oklahoma | $51,670 | $24.84 | 218 |
Highest Paying Cities For Finance Analysts
| Rank | City | Avg. Salary | Hourly Rate | Job Count |
|---|---|---|---|---|
| 1 | San Francisco, CA | $84,858 | $40.80 | 22 |
| 2 | Stamford, CT | $83,967 | $40.37 | 15 |
| 3 | New York, NY | $82,779 | $39.80 | 219 |
| 4 | Seattle, WA | $76,223 | $36.65 | 27 |
| 5 | Jersey City, NJ | $74,872 | $36.00 | 7 |
| 6 | Boston, MA | $73,128 | $35.16 | 79 |
| 7 | Philadelphia, PA | $70,571 | $33.93 | 34 |
| 8 | Washington, DC | $70,206 | $33.75 | 111 |
| 9 | Arlington, VA | $69,374 | $33.35 | 32 |
| 10 | Las Vegas, NV | $67,192 | $32.30 | 17 |
| 11 | Baltimore, MD | $67,061 | $32.24 | 34 |
| 12 | Chicago, IL | $64,159 | $30.85 | 96 |
| 13 | Detroit, MI | $62,684 | $30.14 | 19 |
| 14 | Minneapolis, MN | $61,008 | $29.33 | 36 |
| 15 | Phoenix, AZ | $60,929 | $29.29 | 54 |
Here Are The Five Most In Demand Cities Right Now:
Finance Analysts Salary Details
What is a Finance Analyst's Salary?
| Percentile | Annual Salary | Monthly Salary | Hourly Rate |
|---|---|---|---|
| 90th Percentile | $104,000 | $8,667 | $50 |
| 75th Percentile | $86,000 | $7,167 | $41 |
| Average | $69,887 | $5,824 | $34 |
| 25th Percentile | $56,000 | $4,667 | $27 |
| 10th Percentile | $46,000 | $3,833 | $22 |
Highest Paying Types of Finance Analysts
| Job Title | Annual Salary | Monthly Salary | Hourly Rate | Job Openings |
|---|---|---|---|---|
| Treasury Analyst | $72,667 | $6,056 | $34.94 | 50,817 |
| Cost Analyst | $54,158 | $4,513 | $26.04 | 60,034 |
| Control Analyst | $69,598 | $5,800 | $33.46 | 133,321 |
| Investment Analyst | $79,056 | $6,588 | $38.01 | 63,003 |
| Finance Analyst-Operations Finance | $67,736 | $5,645 | $32.57 | 144,067 |
| Budget Analyst | $56,598 | $4,716 | $27.21 | 50,081 |
How Would You Rate The Starting Salaries For Finance Analysts, As Well As The Prospects For Salary Advancement?
Dr. William Wood Ph.D.
Academic Unit Head, Economics; Director, Center for Economic Education, James Madison University
Starting salaries in economics are good -- better than for most college degrees -- and they get better as economics majors advance in their careers. Economics prepares people for leadership, and people with good leadership skills are often drawn to economics. Both effects operate to give us this observation that economics majors do well in their careers.Show more
Here are the five companies hiring the most now:
Which Companies Pay Finance Analysts The Most?
| Rank | Company | Average Salary | Hourly Rate | Job Openings |
|---|---|---|---|---|
| 1 | The Citadel | $149,760 | $72.00 | 11 |
| 2 | Pacific Investment Management Company LLC | $136,409 | $65.58 | 4 |
| 3 | D. E. Shaw group | $132,751 | $63.82 | |
| 4 | Neuberger Berman | $132,461 | $63.68 | 26 |
| 5 | NVIDIA | $131,676 | $63.31 | |
| 6 | $130,404 | $62.69 | 12 | |
| 7 | Meta | $129,130 | $62.08 | 54 |
| 8 | Jane Street | $128,842 | $61.94 | |
| 9 | Databricks | $128,451 | $61.76 | |
| 10 | Warburg Pincus | $128,369 | $61.72 | |
| 11 | Bridgewater Associates | $128,220 | $61.64 | |
| 12 | Pillsbury Winthrop Shaw Pittman | $127,232 | $61.17 | |
| 13 | Western Digital | $127,177 | $61.14 | 3 |
| 14 | Madison Dearborn Partners | $125,926 | $60.54 | |
| 15 | Oak Hill Advisors | $125,201 | $60.19 | 1 |
| 16 | BNY Mellon | $124,277 | $59.75 | 98 |
| 17 | Centerbridge Partners | $124,160 | $59.69 | |
| 18 | Ernst & Young | $123,113 | $59.19 | 490 |
| 19 | Mayo Clinic | $122,522 | $58.90 | 27 |
| 20 | AEA Investors | $122,326 | $58.81 |
How Much Do Finance Analysts Make In Different Industries?
Finance analyst salaries can vary depending on the industry. In fact, our data shows that the finance, professional, and technology industries tend to offer much higher salaries for finance analysts. For example, finance analysts make a whopping average salary of $92,446 while working in the finance industry. Meanwhile, other people in this field are making $88,087 in the professional industry and $84,938 in the technology industry.
Finance analysts may want to avoid working in the health care industry as it offers the lowest average salary of $72,055.
Highest Paying Industries For Finance Analysts
| Rank | Industry | Average Salary | Hourly Rate |
|---|---|---|---|
| 1 | Finance | $92,446 | $44.45 |
| 2 | Professional | $88,087 | $42.35 |
| 3 | Technology | $84,938 | $40.84 |
| 4 | Manufacturing | $76,704 | $36.88 |
| 5 | Retail | $76,080 | $36.58 |
| 6 | Health Care | $72,055 | $34.64 |
High Paying Finance Analyst Jobs
Finance Analyst Pay Trends
Average Finance Analyst Salary Over Time
Compare salaries for individual cities or states with the national average.
Finance Analyst Salary By Year
| Year | Avg. Salary | Hourly Rate | % Change |
|---|---|---|---|
| 2023 | $69,900 | $33.60 | +2.6% |
| 2022 | $68,100 | $32.74 | +1.6% |
| 2021 | $67,000 | $32.20 | +1.6% |
| 2020 | $65,900 | $31.69 | +3.0% |
| 2019 | $63,900 | $30.74 | +1.8% |
Recently Added Finance Analyst Salaries
| Company | Job | Location | Date Added | Salary |
|---|---|---|---|---|
| Aspen Skiing Company | Financial Analyst | Aspen, CO | 11/30/2022 | $72,500 |
| Solomon Page | Junior Financial Analyst | Stamford, CT | 11/30/2022 | $50,000 |
| The Hartford | Financial Analyst, FP&A (Hybrid) | Wayne, PA | 11/29/2022 | $75,000 |
| Acara Solutions | Finance Analyst-Plant Controlling | Graniteville, SC | 11/29/2022 | $60,627 |
| State of Ohio | Financial Analyst (PN 20035283)-Hybrid | Columbus, OH | 11/29/2022 | $47,604 |
| Hunter International | Finance Analyst | Fine, NY | 11/29/2022 | $104,350 |
| PSG Global Solutions | Financial Analyst II | Cambridge, MA | 11/29/2022 | $62,610 |
| Travelers | Construction Surety Underwriter/Financial Analyst | Franklin, TN | 11/29/2022 | $64,700 |
| Alaant | Financial Analyst | Albany, NY | 11/29/2022 | $70,000 |
| It Coalition | Financial Analyst-DEA HQ | Arlington, VA | 11/29/2022 | $55,000 |
Finance Analyst Salaries FAQs
What State Pays Finance Analysts The Most?
Connecticut pays Finance Analysts the most in the United States, with an average salary of $83,960 per year, or $40.37 per hour.
How Do I Know If I'm Being Paid Fairly As A Finance Analyst?
You know if you are being paid fairly as a Finance Analyst if your pay is close to the average pay for the state you live in. For example, if you live in New York you should be paid close to $82,552 per year.
What Is A Good Starting Salary For A Finance Analyst?
A good starting salary for a finance analyst is $53,000 in the United States. That puts you in the 10th percentile of annual income for a finance analyst in the U.S., which is about what you would expect if you were new to the field. The average salary for finance analysts is $78,640, but that normally requires some level of experience to achieve. Furthermore, a good starting salary for a finance analyst can vary by state.
Do Financial Analysts Get Paid Well?
Yes, financial analysts get paid well. The median salary for a financial analyst in 2020 is $83,660, with entry-level salaries starting at $55,500 (including bonuses /commissions).
The best-paid 25% made $109,330 that year, while the lowest-paid 25% made $61,850. Financial analysts tend to earn the most in large financial hubs, such as New York City or San Francisco. Bridgeport, Connecticut, is also a lucrative destination for analysts.
How Much Do Top Finance Analysts Make?
Top finance analysts make over $100,000 a year. The top 10% of finance analysts earn a salary of $110,000 a year, reflecting careers in in-demand fields.
Also, depending on the state or city, the average annual wages may vary greatly. For example, New York (Mean Salary: $91,500) compared to Louisiana (Mean Salary: $48,457)
How Much Does A Financial Analyst Make Starting Out?
A Financial Analyst starts off making $60,203 annually. However, the range typically falls between $54,703 and $66,403. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession.
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