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Job outlook for summer analysts in the United States
Summer analyst job growth summary. After extensive research, interviews, and analysis, Zippia's data science team found that:
The projected summer analyst job growth rate is 9% from 2018-2028.
About 31,900 new jobs for summer analysts are projected over the next decade.
Summer analyst salaries have increased 9% for summer analysts in the last 5 years.
There are over 47,825 summer analysts currently employed in the United States.
There are 44,912 active summer analyst job openings in the US.
The average summer analyst salary is $66,837.
Are summer analyst jobs in demand?
Summer analyst job and salary trends over time
Summer analyst jobs over time
Summer analyst job growth rate over time
| Year | # of jobs | % of population |
|---|---|---|
| 2021 | 47,825 | 0.01% |
| 2020 | 41,286 | 0.01% |
| 2019 | 34,813 | 0.01% |
| 2018 | 49,815 | 0.01% |
| 2017 | 47,801 | 0.01% |
Average summer analyst salary over time
Summer analyst salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2025 | $66,837 | $32.13 | +2.6% |
| 2024 | $65,126 | $31.31 | +1.7% |
| 2023 | $64,058 | $30.80 | +1.6% |
| 2022 | $63,041 | $30.31 | +3.1% |
| 2021 | $61,142 | $29.40 | +1.8% |
Summer analyst jobs by state
Most common states for summer analysts
| Rank | State | Population | # of jobs | Employment/ 1000ppl |
|---|---|---|---|---|
| 1 | District of Columbia | 693,972 | 429 | 62% |
| 2 | Vermont | 623,657 | 220 | 35% |
| 3 | Delaware | 961,939 | 309 | 32% |
| 4 | Wyoming | 579,315 | 176 | 30% |
| 5 | North Dakota | 755,393 | 178 | 24% |
| 6 | Alaska | 739,795 | 169 | 23% |
| 7 | Rhode Island | 1,059,639 | 229 | 22% |
| 8 | Montana | 1,050,493 | 229 | 22% |
| 9 | Idaho | 1,716,943 | 355 | 21% |
| 10 | Maine | 1,335,907 | 284 | 21% |
| 11 | South Dakota | 869,666 | 186 | 21% |
| 12 | Massachusetts | 6,859,819 | 1,362 | 20% |
| 13 | New Hampshire | 1,342,795 | 272 | 20% |
| 14 | Nebraska | 1,920,076 | 356 | 19% |
| 15 | Maryland | 6,052,177 | 1,077 | 18% |
| 16 | Virginia | 8,470,020 | 1,442 | 17% |
| 17 | Colorado | 5,607,154 | 858 | 15% |
| 18 | Minnesota | 5,576,606 | 825 | 15% |
| 19 | Connecticut | 3,588,184 | 552 | 15% |
| 20 | Iowa | 3,145,711 | 469 | 15% |
Most common cities for summer analysts
| Rank | City | # of jobs | Employment/ 1000ppl | Avg. salary |
|---|---|---|---|---|
| 1 | Frankfort | 1 | 4% | $68,548 |
| 2 | Dover | 1 | 3% | $85,683 |
| 3 | Juneau | 1 | 3% | $69,586 |
| 4 | Tampa | 6 | 2% | $65,619 |
| 5 | Tempe | 3 | 2% | $75,614 |
| 6 | Brea | 1 | 2% | $84,069 |
| 7 | Atlanta | 3 | 1% | $85,331 |
| 8 | Hartford | 1 | 1% | $85,607 |
| 9 | Chicago | 7 | 0% | $69,254 |
| 10 | Jacksonville | 3 | 0% | $64,640 |
| 11 | San Francisco | 3 | 0% | $90,651 |
| 12 | Los Angeles | 2 | 0% | $84,572 |
| 13 | Baton Rouge | 1 | 0% | $65,263 |
| 14 | Birmingham | 1 | 0% | $68,286 |
| 15 | Boston | 1 | 0% | $93,821 |
| 16 | Denver | 1 | 0% | $73,865 |
| 17 | Des Moines | 1 | 0% | $70,993 |
| 18 | Irvine | 1 | 0% | $83,660 |
Summer Analyst job outlook: Expert opinions
Our panel of summer analyst experts
College of New Jersey, The
Manhattan College
University of Nebraska - Omaha
University of Oregon
American University
Pacific Lutheran University
Bay Path University
What general advice would you give to a Summer Analyst?
Dr. Piper Williams PhD: Students who major in AAS bring additional expertise and qualifications to any application - so a clear articulation of these could help to maximize salary potential. They will have: skills that will enable them to contribute to innovation in the workplace, a demonstrated capacity to think critically, communicate clearly, and solve complex problems, demonstrate ethical judgment and integrity; intercultural skills; and the capacity for continued new learning, critical thinking, complex problem-solving, written and oral communication, and applied knowledge in real-world settings.
What Summer Analyst skills would you recommend for someone trying to advance their career?
Dr. Piper Williams PhD: I would advise a graduate to reflect on what they've learned about the contributions, experiences, history and present reality of people of African descent in the New World. In addition, thinking about the skills they developed related to the major in African American Studies, including but not limited to: Research and Analysis, Writing, Public Speaking, Project Development and Completion, Ethical Reasoning, Listening, Teamwork and Collaboration, Perspective-Taking, Awareness of Context and what they call 'Cultural Competence. Use this education, to make the case that in addition to all the skills you can bring, the education offered by AAS will allow you to distinguish yourself as a candidate who can meet the needs the current moment demands. Black Americans encounter implicit racism in all walks of life: medicine and healthcare, law, politics and gov't, business and industry, performing arts and entertainment, sports, education, news media and social, community and humanitarian services. With this degree, you can enter almost any field and be more equitable to everyone you meet. (And by the way, in the list above, there are a number of people with a degree in African American Studies.)
What general advice would you give to a Summer Analyst?
Dr. Natalia Boliari PhD: First, learn everything about the company you just started working for - its historical path, management, the way it's dealt with crises, etc. Second, learn everything about the specific industry the company belongs to and see how the company has developed relative to the development of the industry domestically and internationally. Third, always be extremely alert to notice new opportunities and be prepared to take calculated risks. That is, actively look for opportunities to complete as many and diverse tasks as possible, and volunteer to complete any type of work regardless of whether it seems relevant to your assigned job or not. Opportunities to learn, grow, and improve and thus to maximize your income, will only come up if you are exposed to diverse situations.
What Summer Analyst skills would you recommend for someone trying to advance their career?
Dr. Natalia Boliari PhD: Be open minded. Finance is the broad definition of an industry which provides opportunities for careers in financial consultancy, financial analysis, stock brokerage, foreign investment, modeling, exchange rate forecasts, and many more. While most of those careers are attributed to the banking industry, you can find those and others in other sectors of the economy, such as insurance, technology, health care/medical, government, and so on. So, be open and look beyond the banking sector, examine the current and predicted trends in the economy to hunt for exciting career options.
What will help Summer Analysts increase their earning potential?
Clemens Kownatzki PhD, MBA: As a beginner in any field, it pays to listen more than to talk. Be humble, pay attention, be nice to folks and probably most helpful is having a mentor who can guide you along and show you some best practices for navigating your career. You should take advantage of your education, not just to show a piece of paper that says you graduated but think of every single project, essay or paper that you write as part of a portfolio that demonstrates your skill sets. Especially in finance where we can sometimes be enamored with the beauty of a mathematical model, think about how any model should be applied in the real world. In some cases that might mean that you have to “get your hands on the wheel and learn how to drive.” I am not suggesting that you should put all your savings at risk and buy the next iteration of the latest cryptocurrency, but If you’re interested in a career in investing, put a small amount of money at risk and trade a stock, or if you must trade a few dollars’ worth of Bitcoin or Ether – as much as you would risk for a movie ticket seems reasonable. There are lots of virtual trading apps where you can trade with paper money, but there’s nothing like understanding risk when your own dollars are at stake, even if it’s just a few dollars. You should also absorb all the workshops, seminars and resources available out there. Follow Prof. Aswath Damodaran who has a YouTube Channel and hundreds of spreadsheets with financial models, all for free! Also follow some good content providers on various channels to get additional insights – in the field of finance, you need to be up-to-date on all events because those influence markets and the economy. Be ready to continue learning and update your skills and understanding while you’re working. Education doesn’t end after you finish your degree. All successful people are life-long learners.
What general advice would you give to a Summer Analyst?
John Lyden: Research skills (ability to find and interpret information), oral and written communication skills (ability to present information clearly), data analysis and interpretation, language interpretation and translation. Computer facility will be highly valued. Employers will include those in higher education, government, non-profits, research institutes, and museums.
Z. Jay Wang
Department Head, Associate Professor of FinanceUniversity of Oregon
Finance And Financial Management Services
What will help Summer Analysts increase their earning potential?
Z. Jay Wang: Students who have a history of doing work in the field outside the classroom either through internships, industry projects, or school-sponsored clubs managing financial decisions are better poised to maximize starting salary potential. Starting early to secure internships with top companies will also position students well for higher earning potential. Most top banks and firms will post internships from April/May to August, and close by the end of September for the following summer. They are also rolling, so may fill the roles by as early as June of the sophomore year for the following summer after junior year. Finally, networking with industry and alumni professionals in the companies, firms, banks prior to applying for an internship or full-time position will have an impact. The candidate will learn more about the opportunity and company culture for their resume and potential interview, and most top companies in finance will have a referral program. If the candidate impresses the internal connection with excellent questions and strategic answers, they may get a referral that moves them up in the stacks of applicants.
Octavian Ionici PhD
Sr. Lecturer in FinanceAmerican University
Finance And Financial Management Services
What Summer Analyst skills would you recommend for someone trying to advance their career?
Octavian Ionici PhD: The finance profession is lucrative, rewarding and very competitive. Graduates should do their research about the organization they are interviewing with and be able to discuss how their skills can contribute to the business. They should also know if they would rather interact with people and clients or if they are drawn to intellectual pursuits such as analysis. Do they value power, prestige status, risk, or something else? Ultimately our core values, personal goals, interests, aptitudes, and personality will shape our career paths.
Being able to articulate what sparked their interest in the financial field and why they are interested in a chosen role will be an advantage during the hiring process. While still in college, students should join a professional association like the Financial Management Association to give them more access to that broad network, as well as access to career development resources that can set them apart from the crowd.
It's also critical to get an internship (paid or unpaid) in order to show some real-life experience. They can do this while they are still in college, during the summers, or even afterwards, to get a foot in the door.
Reading the WSJ and FT daily, and listening to Bloomberg, or other financial programs as a regular practice will help them to have fluency in the language of our profession. Because the finance sector is heavily regulated and changes occur due to changing economic and political conditions, they will need to stay updated with those changes. Financial media sources will help bring them that context to stay up to date on all of these moving parts.
What will help Summer Analysts increase their earning potential?
Dr. Kimberly Gaither: Maximize your salary potential by asking questions and learning as quickly as possible. Be a good communicator with those above and below you as well as your peers. Be dependable. Persons who show up early and work hard will be valued and rewarded.
Fang Lin
Assistant Professor of FinancePacific Lutheran University
Finance And Financial Management Services
What Summer Analyst skills would you recommend for someone trying to advance their career?
Fang Lin: Don't be afraid to negotiate your starting salary. Young journalists have a lot to offer newsrooms through social media skills and a willingness to adapt to new technologies such as artificial intelligence. Technology skills have value and should not be undersold. Also, young journalism students should not discount the value of their student media and internship experiences. Young journalists must use everything on their resumes to show how they bring value to their position and ask to be compensated fairly for the work they will contribute to the newsroom's success.
Heather Antanavica
Adjunct InstructorBay Path University
Accounting
Will there be an enduring impact of the coronavirus pandemic on Summer Analysts?
Heather Antanavica: The coronavirus will have a lasting impact on all of humanity, and everyone's jobs will be affected in one way or another. New graduates will have to navigate the working world in a very different way, for example; virtual interviewing, increased competition (many people will be re-entering the workforce after being laid-off during the spring of 2020), and being flexible with businesses that are adapting to a new way of operating. If you are not tech-savvy, work on that now. Companies will be looking for prospects with tech skills in industries where it wasn't much of a factor before the pandemic hit. Most importantly, develop a self-care routine that speaks to you. Meditation, yoga, exercise, grounding practices, and a healthy diet are great options for tending to your well-being so that you can get out there and start your new career with a healthy mind, body, and spirit!