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Best states for a Finance Associate
Quoted Expert
Karyl Leggio Ph.D.
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Are you thinking of becoming a finance associate and really want to work at Citigroup? Turns out, your chances to become a finance associate are better in some states than others.In fact, our research shows that New York is the best state for finance associates in America. The best city in America for finance associates with the highest pay is New York, NY.
To that end, we dove into our dataset of job and salary numbers to figure out which states have the best opportunities for finance associates. New York is the best state for finance associates, where the median salary is $96,844.We found that the West is best for finance associates, and the Northeast is the worst. New York, NY is the best city in the country for finance associate jobs, where as New York is the best state in the country.
10 best states for finance associates in 2025
1. New York
Total Finance Associate Jobs: 1,929 Average Annual Salary: $96,844 Lowest 10 Percent Earn: $57,000 Highest 10 Percent Earn: $163,000 Location Quotient: 1.432. Connecticut
Total Finance Associate Jobs: 437 Average Annual Salary: $71,740 Lowest 10 Percent Earn: $42,000 Highest 10 Percent Earn: $121,000 Location Quotient: 1.253. Delaware
Total Finance Associate Jobs: 156 Average Annual Salary: $74,066 Lowest 10 Percent Earn: $43,000 Highest 10 Percent Earn: $126,000 Location Quotient: 1.184. District of Columbia
Total Finance Associate Jobs: 255 Average Annual Salary: $69,982 Lowest 10 Percent Earn: $40,000 Highest 10 Percent Earn: $119,000 Location Quotient: 1.445. New Hampshire
Total Finance Associate Jobs: 153 Average Annual Salary: $76,483 Lowest 10 Percent Earn: $44,000 Highest 10 Percent Earn: $131,000 Location Quotient: 0.836. California
Total Finance Associate Jobs: 3,537 Average Annual Salary: $71,806 Lowest 10 Percent Earn: $38,000 Highest 10 Percent Earn: $132,000 Location Quotient: 1.157. Minnesota
Total Finance Associate Jobs: 807 Average Annual Salary: $63,204 Lowest 10 Percent Earn: $35,000 Highest 10 Percent Earn: $111,000 Location Quotient: 1.158. Rhode Island
Total Finance Associate Jobs: 141 Average Annual Salary: $62,965 Lowest 10 Percent Earn: $36,000 Highest 10 Percent Earn: $107,000 Location Quotient: 1.19. New Jersey
Total Finance Associate Jobs: 893 Average Annual Salary: $67,142 Lowest 10 Percent Earn: $39,000 Highest 10 Percent Earn: $114,000 Location Quotient: 1.0710. Maine
Total Finance Associate Jobs: 105 Average Annual Salary: $71,886 Lowest 10 Percent Earn: $41,000 Highest 10 Percent Earn: $123,000 Location Quotient: 0.75
Finance Associate JobsNear Ashburn, VA
How Zippia determines the best states to be a finance associate
You can read about how the best state rankings are calculated here.
Detailed list of the best states for a finance associate
| Rank | State | Average Salary | Lowest 10% Earn | Population | Job Count |
|---|---|---|---|---|---|
| 1 | New York | $96,844 | $57,000 | 19,849,399 | 1,929 |
| 2 | Connecticut | $71,740 | $42,000 | 3,588,184 | 437 |
| 3 | Delaware | $74,066 | $43,000 | 961,939 | 156 |
| 4 | District of Columbia | $69,982 | $40,000 | 693,972 | 255 |
| 5 | New Hampshire | $76,483 | $44,000 | 1,342,795 | 153 |
| 6 | California | $71,806 | $38,000 | 39,536,653 | 3,537 |
| 7 | Minnesota | $63,204 | $35,000 | 5,576,606 | 807 |
| 8 | Rhode Island | $62,965 | $36,000 | 1,059,639 | 141 |
| 9 | New Jersey | $67,142 | $39,000 | 9,005,644 | 893 |
| 10 | Maine | $71,886 | $41,000 | 1,335,907 | 105 |
| 11 | Texas | $58,219 | $33,000 | 28,304,596 | 2,080 |
| 12 | West Virginia | $66,451 | $38,000 | 1,815,857 | 86 |
| 13 | Tennessee | $55,762 | $32,000 | 6,715,984 | 574 |
| 14 | Illinois | $55,919 | $31,000 | 12,802,023 | 1,493 |
| 15 | Washington | $56,442 | $31,000 | 7,405,743 | 962 |
| 16 | North Carolina | $56,392 | $32,000 | 10,273,419 | 1,011 |
| 17 | Nevada | $58,914 | $31,000 | 2,998,039 | 196 |
| 18 | Louisiana | $59,110 | $34,000 | 4,684,333 | 233 |
| 19 | Massachusetts | $55,374 | $32,000 | 6,859,819 | 1,119 |
| 20 | Pennsylvania | $55,735 | $32,000 | 12,805,537 | 1,076 |
| 21 | North Dakota | $52,246 | $30,000 | 755,393 | 118 |
| 22 | Virginia | $55,433 | $32,000 | 8,470,020 | 1,148 |
| 23 | Kentucky | $56,684 | $32,000 | 4,454,189 | 248 |
| 24 | Kansas | $58,537 | $34,000 | 2,913,123 | 102 |
| 25 | South Carolina | $55,687 | $32,000 | 5,024,369 | 307 |
| 26 | Mississippi | $52,610 | $30,000 | 2,984,100 | 170 |
| 27 | Vermont | $53,194 | $30,000 | 623,657 | 69 |
| 28 | Maryland | $51,689 | $30,000 | 6,052,177 | 739 |
| 29 | Michigan | $50,010 | $28,000 | 9,962,311 | 772 |
| 30 | Florida | $50,055 | $29,000 | 20,984,400 | 1,760 |
| 31 | Hawaii | $48,189 | $31,000 | 1,427,538 | 107 |
| 32 | Missouri | $50,965 | $29,000 | 6,113,532 | 553 |
| 33 | Ohio | $50,468 | $28,000 | 11,658,609 | 861 |
| 34 | Wisconsin | $44,891 | $25,000 | 5,795,483 | 683 |
| 35 | Oregon | $51,356 | $28,000 | 4,142,776 | 381 |
| 36 | New Mexico | $52,067 | $29,000 | 2,088,070 | 128 |
| 37 | Wyoming | $41,379 | $25,000 | 579,315 | 82 |
| 38 | Utah | $41,304 | $24,000 | 3,101,833 | 465 |
| 39 | Arkansas | $50,325 | $29,000 | 3,004,279 | 118 |
| 40 | Georgia | $44,217 | $25,000 | 10,429,379 | 1,028 |
| 41 | Indiana | $48,238 | $27,000 | 6,666,818 | 491 |
| 42 | South Dakota | $46,314 | $27,000 | 869,666 | 82 |
| 43 | Arizona | $43,653 | $24,000 | 7,016,270 | 567 |
| 44 | Alabama | $41,730 | $24,000 | 4,874,747 | 408 |
| 45 | Alaska | $44,709 | $29,000 | 739,795 | 73 |
| 46 | Nebraska | $41,225 | $24,000 | 1,920,076 | 194 |
| 47 | Idaho | $40,898 | $24,000 | 1,716,943 | 140 |
| 48 | Colorado | $35,695 | $21,000 | 5,607,154 | 667 |
| 49 | Iowa | $36,851 | $21,000 | 3,145,711 | 267 |
| 50 | Montana | $38,225 | $23,000 | 1,050,493 | 62 |
| 51 | Oklahoma | $38,080 | $22,000 | 3,930,864 | 75 |
Highest paying states for finance associates
| Rank | State | Avg. Finance Associate Salary |
|---|---|---|
| 1 | New York | $96,844 |
| 2 | Connecticut | $71,740 |
| 3 | Delaware | $74,066 |
| 4 | District of Columbia | $69,982 |
| 5 | New Hampshire | $76,483 |
| 6 | California | $71,806 |
| 7 | Minnesota | $63,204 |
| 8 | Rhode Island | $62,965 |
| 9 | New Jersey | $67,142 |
| 10 | Maine | $71,886 |
| 11 | Texas | $58,219 |
| 12 | West Virginia | $66,451 |
| 13 | Tennessee | $55,762 |
| 14 | Illinois | $55,919 |
| 15 | Washington | $56,442 |
| 16 | North Carolina | $56,392 |
| 17 | Nevada | $58,914 |
| 18 | Louisiana | $59,110 |
| 19 | Massachusetts | $55,374 |
| 20 | Pennsylvania | $55,735 |
| 21 | North Dakota | $52,246 |
| 22 | Virginia | $55,433 |
| 23 | Kentucky | $56,684 |
| 24 | Kansas | $58,537 |
| 25 | South Carolina | $55,687 |
| 26 | Mississippi | $52,610 |
| 27 | Vermont | $53,194 |
| 28 | Maryland | $51,689 |
| 29 | Michigan | $50,010 |
| 30 | Florida | $50,055 |
| 31 | Hawaii | $48,189 |
| 32 | Missouri | $50,965 |
| 33 | Ohio | $50,468 |
| 34 | Wisconsin | $44,891 |
| 35 | Oregon | $51,356 |
| 36 | New Mexico | $52,067 |
| 37 | Wyoming | $41,379 |
| 38 | Utah | $41,304 |
| 39 | Arkansas | $50,325 |
| 40 | Georgia | $44,217 |
| 41 | Indiana | $48,238 |
| 42 | South Dakota | $46,314 |
| 43 | Arizona | $43,653 |
| 44 | Alabama | $41,730 |
| 45 | Alaska | $44,709 |
| 46 | Nebraska | $41,225 |
| 47 | Idaho | $40,898 |
| 48 | Colorado | $35,695 |
| 49 | Iowa | $36,851 |
| 50 | Montana | $38,225 |
| 51 | Oklahoma | $38,080 |
Expert opinions on the best states for finance associates
Are there any particularly good places in the United States for Finance Associates to find work opportunities?
Karyl Leggio Ph.D.
Professor of Finance, Loyola University Maryland
Many students think of finance and think of Wall Street. There certainly are opportunities in New York and Chicago, but I urge students to broaden their search. In finding your first career opportunity, treat it as if it is a three-credit course, and put that amount of time into job searching each week. I don't think of job hunting as where to search but of how to search. Develop a strong LinkedIn profile, and post articles to your page; look at firms in your area, consider firms in cities that are growing; access your alumni network; network with family and friends. Don't limit your search to a handful of firms. In this economy, you need to cast a broad net and be open to opportunities that present themselves. Apply broadly, and be open-minded.
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Updated January 8, 2025