Updated August 18, 2021
Average Finance Analyst Salary
$72,000 yearly
$34.88 hourly

Entry level Salary
$47,000 yearly
$47,000
10 %
$72,000
Median
$110,000
90 %
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PercentileascdescAnnual SalaryascdescMonthly SalaryascdescHourly Rateascdesc
90th Percentile
$110,000
$9,167
$53
75th Percentile
$90,000
$7,500
$43
Average
$72,552
$6,046
$35
25th Percentile
$58,000
$4,833
$28
10th Percentile
$47,000
$3,917
$23

Average Finance Analyst Salary By State

The darker areas on the map show where finance analysts earn the highest salaries across all 50 states.

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Average Salary:

Finance Analyst average salary by State

StateascdescAvg. salaryascdescHourly rateascdescJob Countascdesc
Alabama
$55,948
$26.90
Alaska
$59,332
$28.52
Arizona
$58,622
$28.18
Arkansas
$54,303
$26.11
California
$76,462
$36.76
Colorado
$62,879
$30.23
Connecticut
$88,043
$42.33
Delaware
$66,935
$32.18
District of Columbia
$69,927
$33.62
Florida
$48,814
$23.47
Georgia
$52,997
$25.48
Hawaii
$58,674
$28.21
Idaho
$55,701
$26.78
Illinois
$62,697
$30.14
Indiana
$54,285
$26.10
Iowa
$56,405
$27.12
Kansas
$52,034
$25.02
Kentucky
$49,838
$23.96
Louisiana
$48,457
$23.30
Maine
$59,294
$28.51
Maryland
$62,907
$30.24
Massachusetts
$74,164
$35.66
Michigan
$60,907
$29.28
Minnesota
$66,840
$32.13
Mississippi
$48,595
$23.36
Missouri
$62,016
$29.82
Montana
$60,065
$28.88
Nebraska
$49,910
$24.00
Nevada
$60,440
$29.06
New Hampshire
$66,201
$31.83
New Jersey
$77,018
$37.03
New Mexico
$57,898
$27.84
New York
$91,446
$43.96
North Carolina
$60,805
$29.23
North Dakota
$54,417
$26.16
Ohio
$54,561
$26.23
Oklahoma
$45,013
$21.64
Oregon
$71,054
$34.16
Pennsylvania
$67,836
$32.61
Rhode Island
$69,412
$33.37
South Carolina
$49,149
$23.63
South Dakota
$51,875
$24.94
Tennessee
$51,891
$24.95
Texas
$60,084
$28.89
Utah
$53,482
$25.71
Vermont
$60,040
$28.87
Virginia
$65,552
$31.52
Washington
$75,227
$36.17
West Virginia
$56,943
$27.38
Wisconsin
$55,000
$26.44
Wyoming
$37,398
$17.98

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Highest Paying Cities For Finance Analyst

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CityascdescAvg. salaryascdescHourly rateascdesc
New York, NY
$91,799
$44.13
Stamford, CT
$87,609
$42.12
San Francisco, CA
$83,401
$40.10
Jersey City, NJ
$77,544
$37.28
Seattle, WA
$76,124
$36.60
Boston, MA
$74,122
$35.64

The largest raises come from changing jobs.

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How much does a Finance Analyst make?

  • The average finance analyst makes $72,552 in the United States.
  • The average hourly pay for a finance analyst is $34.88.
  • The average entry-level finance analyst salary is $47,000.
  • Highest paying states for finance analyst are New York ($91,446), Connecticut ($88,043), New Jersey ($91,446) and California ($91,446).
  • Highest paying cities for finance analyst are New York, NY ($91,799), Stamford, CT, San Francisco, CA, Jersey City, NJ and Seattle, WA.
  • Finance analysts on the lower end of that spectrum, the bottom 10% to be exact, make roughly $47,000 a year, while the top 10% makes $110,000.
  • The best-paid 25% made $90,000 that year, while the lowest-paid 25$ made $58,000
  • Industries with the highest finance analyst salaries are finance, technology and retail.

Average Finance Analyst Salary Over Time

Compare salaries for individual cities or states with the national average.

Location
    YearascdescAvg. salaryascdescHourly rateascdesc% Changeascdesc
    2021
    $72,600
    $34.88
    +1.6%
    2020
    $71,400
    $34.33
    +3.0%
    2019
    $69,200
    $33.29
    +1.8%
    2018
    $68,000
    $32.70
    +2.1%
    2017
    $66,600
    $32.01
    +0.3%

    How Much Do Finance Analysts Make In Different Industries?

    The salary for a finance analyst can vary depending on what industry the job is in. The highest salaries for finance analysts tend to be found in finance, technology, and retail companies. In fact, finance analysts can make a yearly salary of $90,414 while working for finance companies.
    RankIndustryAverage Finance Analyst SalaryFinance Analyst Salary Range
    1Finance
    $90,414
    $57k
    $117k
    2Technology
    $89,439
    $57k
    $117k
    3Retail
    $74,141
    $57k
    $117k
    4Manufacturing
    $72,724
    $57k
    $117k
    5Health Care
    $71,850
    $57k
    $117k

    High Paying Finance Analyst Jobs

    Average JOB Salary by Field

    Treasury Analyst

    Avg. salary: $71,392

    A treasury analyst is a professional who manages and analyses the financial activities of an organization that can include cash flows, liability obligations, and assets. Treasury analysts are required to execute the daily cash management of the organization such as cash forecasting, investing of excess cash, and running a hedging program in interest rates. They must present monthly reports and daily briefings on cash flows to senior management and provide advice on the financial operations of the movement of cash. Treasury analysts also update treasury policies and procedures for the organization to comply.
    54,300 Treasury Analyst Jobs
    Cost Analyst

    Avg. salary: $51,301

    Cost Analysts are employees with a strong background in finance or accounting. They are in charge of collecting financial data and analyzing the entries. They study the company's expenses and prepare pertinent reports. Cost Analysts look for inconsistencies in the financial data. This way, they can assist in auditing the company's spending. Cost Analysts also look for inefficiencies. They do so by tracking item costs and department budgets and monitoring department expenses. They are also involved in budget-setting activities.
    34,538 Cost Analyst Jobs
    Control Analyst

    Avg. salary: $69,168

    A control analyst is a professional who is responsible for identifying weaknesses in the work process of an organization and implement methods to minimize risks. Control analysts are required to supervise the process for incident reports and provide technical guidance to their personnel. They must prepare monthly general ledger account analysis and balance sheets reconciliations that are according to the generally accepted accounting principles (GAAP). Control analysts should also assist with the organization's ISO audit procedures and findings.
    111,043 Control Analyst Jobs
    Investment Analyst

    Avg. salary: $83,923

    An Investment Analyst provides research and information to help traders, fund managers and stock brokers make decisions about investments. They are hired by companies, investment trusts, stock trading and brokerage firms, and insurance providers.
    53,540 Investment Analyst Jobs
    Finance Analyst-Operations Finance

    Avg. salary: $69,093

    Financial analysts are professionals who are in charge of the financial operations of businesses. The analysts analyze results, monitor variances, determine trends, and suggest management-related actions to improve corporate finances. They reconcile transactions through data comparison and correction. It is their duty to maintain the database through data input, verification, and backup. They produce presentations restating fiscal information used by supervisors, administrators, and others. This position requires skills in financial reporting, management, communications skills, and accounting qualification.
    93,157 Finance Analyst-Operations Finance Jobs
    Budget Analyst

    Avg. salary: $58,184

    A budget analyst supports organizations and businesses by organizing their financial resources to develop and execute budgets for them. A budget analyst is also responsible for evaluating budget proposals, analyzing data, extra funds redistribution, recommending spending cuts, preparing reports annually, and estimating spending requirements in the future. A budget analyst explores alternative funding methods and uses cost-benefit analyses. In addition, budget analysts also look at past budgets and research any financial developments that could affect income and expenditures.
    32,620 Budget Analyst Jobs
    Job TitleascdescAnnual SalaryascdescMonthly SalaryascdescHourly RateascdescJob Openingsascdesc
    Treasury Analyst
    $71,393
    $5,949
    $34.32
    54,300
    Cost Analyst
    $51,301
    $4,275
    $24.66
    34,538
    Control Analyst
    $69,169
    $5,764
    $33.25
    111,043
    Investment Analyst
    $83,923
    $6,994
    $40.35
    53,540
    Finance Analyst-Operations Finance
    $69,093
    $5,758
    $33.22
    93,157
    Budget Analyst
    $58,184
    $4,849
    $27.97
    32,620
    Job Openings

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    Finance Analyst Salaries By Years Of Experience

    The salary for a finance analyst can vary depending on the years of experience that a person has, from entry level to senior level. Data on how experience level affects total compensation is provided by the Bureau of Labor Statistics (BLS) as part of their National Compensation Survey, which is based on factors such as knowledge, complexity, contacts, and environment.
    Experience LevelascdescAvg. SalaryascdescHourly Rateascdesc
    Entry Level
    $41,300
    $19.87
    Mid Level
    $57,900
    $27.84
    Senior Level
    $99,400
    $47.78

    Which Companies Pay Finance Analysts The Most?

    To earn a high income as a finance analyst, working for DineGigs or Luminus might be your best bet, as they are the highest paying companies in this field. In addition, companies like McKinsey & Company and NerdWallet report highly competitive wages for finance analysts.
    Company

    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

    How much should you get paid?

    Tell us about yourself to get a free, personalized Zippia Salary Report and suggestions on how to increase your pay.

    Recently Added Finance Analyst Salaries

    Location
    CompanyascdescJobascdescLocationascdescDate AddedascdescSalaryascdesc
    Nampa, City of
    Financial Analyst III
    Financial Analyst III
    Nampa, ID
    08/31/2021
    $49,462
    08/31/2021
    Rabobank N.A.
    Financial Analyst II
    Financial Analyst II
    Loveland, CO
    08/31/2021
    $52,100
    08/31/2021
    Rabobank N.A.
    Financial Analyst II
    Financial Analyst II
    Austin, TX
    08/31/2021
    $52,100
    08/31/2021
    Onesource Staffing Solutions
    Financial Analyst Trainee
    Financial Analyst Trainee
    Wilkes-Barre, PA
    08/30/2021
    $35,124
    08/30/2021
    State of North Carolina
    Financial Analyst LL
    Financial Analyst LL
    Raleigh, NC
    08/29/2021
    $51,895
    08/29/2021
    Wow!
    Financial Analyst
    Financial Analyst
    Englewood, CO
    08/29/2021
    $53,000
    08/29/2021
    Zayo Group
    Financial Analyst, Associate
    Financial Analyst, Associate
    Denver, CO
    08/29/2021
    $50,000
    08/29/2021
    Northrop Grumman
    Associate Financial Analyst-Redondo
    Associate Financial Analyst-Redondo
    Redondo Beach, CA
    08/28/2021
    $55,264
    08/28/2021
    Randstad Us
    Staff Financial Analyst
    Staff Financial Analyst
    Virginia Beach, VA
    08/28/2021
    $60,000
    08/28/2021
    Maryland Government Jobs
    HCD Financial Analyst V [C21020]
    HCD Financial Analyst V [C21020]
    Maryland
    08/28/2021
    $70,332
    08/28/2021

    Average Finance Analyst Salary by Demographic

    Finance Analyst Gender Pay Gap

    male-income
    Male Income
    $69,314
    female-income
    Female Income
    $66,651
    Genderascdesc
    Incomeascdesc
    Male$69,314
    Female$66,651
    Median Finance Analyst Income by Race
    Asian finance analysts have the highest average salary compared to other ethnicities. Black or african american finance analysts have the lowest average salary at $62,651.
    $75,000
    $60,000
    $45,000
    $30,000
    $15,000
    $0
    White
    Black or African American
    Asian
    Hispanic or Latino
    Ethnicityascdesc
    Salaryascdesc
    White$69,084
    Black or African American$62,651
    Asian$73,853
    Hispanic or Latino$65,697
    Average Finance Analyst Salary by Education Level
    Finance analysts with a Doctorate degree earn more than those without, at $94,033 annually. With a Masters degree, finance analysts earn a median annual income of $79,889 compared to $69,314 for finance analysts with an Bachelors degree.
    $95,000
    $76,000
    $57,000
    $38,000
    $19,000
    $0
    Master's Degree
    Bachelor's Degree
    Doctorate Degree
    Educationascdesc
    Salaryascdesc
    Master's Degree$79,889
    Bachelor's Degree$69,314
    Doctorate Degree$94,033

    Finance Analyst FAQs

    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.

    For analysts working in investment banking and asset management, starting salaries can be much higher, typically between $100,000 - $125,000. Irrespective of what type of financial analyst, it's a lucrative career with more senior analysts earning anywhere from $90,000 to $150,000.

    According to Linkedin, average earning (with bonus) for the most common types of Financial Analysts are:

    • Investment banking: $85,000 ($111,000)

    • Equity research analyst: $85,000 ($100,000)

    • Treasury analyst: $62,000 ($64,100)

    • Financial planning analyst: $70,000 ($71,000)

    • Private equity analyst: $85,000 ($90,000)

    • Corporate development analyst: $75,100 ($80,300)

    Also, depending on the state or city, the average annual wages may vary higher. For example, New York (Mean Salary: $91,500) compared to Louisiana (Mean Salary: $48,457).

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    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)

    Top Five Cities for a financial analyst to make bank;

    • New York, New York. earns an average of $131,690 per year

    • Bridgeport, Connecticut. earns an average of $122,340 per year

    • San Francisco, California. earns an average of $119,100 per year

    • Kingston, New York. earns an average of $117,300 per year

    • San Jose, California. earns an average of $110,470 per year

    Type of Finance Analyst and earning potential.

    • Securities, commodity contracts, and other financial investments and related activities. earns $98,850 per year.

    • Professional, scientific, and technical services. earns 86,300 per year.

    • Management of companies and enterprises. earns 86,000 per year.

    • Insurance carriers and related activities. earns $82,190 per year.

    • Credit intermediation and related activities. earns $79,27 per year.

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    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.

    Learn more about this question