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The role of a treasury analyst is vital in ensuring the financial health of organizations. As of October 2025, the average salary for a treasury analyst is $72,667 per year, translating to approximately $35 per hour. Salaries vary significantly based on factors like experience, location, and the industry in which one operates.
Geographic location plays a significant role in determining salary levels. States such as New York and California tend to offer higher salaries due to the cost of living and demand for skilled financial professionals. For example, treasury analysts in New York can earn upwards of $85,000 annually, while those in less populated states may see average salaries around $65,000.
Industries like finance and insurance typically offer the highest salaries for treasury analysts. Sectors dealing with complex financial instruments or large volumes of transactions often provide more lucrative opportunities. Additionally, as organizations increasingly rely on data-driven decision-making, the demand for skilled treasury analysts is expected to grow, leading to potential salary increases in the coming years.
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The average treasury analyst salary in California, New York, and Michigan are the highest in the U.S. The lowest average treasury analyst salary states are Montana, Mississippi, and Oklahoma.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | New York | $90,115 | $43.32 |
| 2 | California | $90,398 | $43.46 |
| 3 | District of Columbia | $81,102 | $38.99 |
| 4 | Michigan | $82,311 | $39.57 |
| 5 | Rhode Island | $78,950 | $37.96 |
| 6 | Virginia | $74,883 | $36.00 |
| 7 | New Jersey | $79,413 | $38.18 |
| 8 | Pennsylvania | $76,989 | $37.01 |
| 9 | Connecticut | $75,536 | $36.32 |
| 10 | Massachusetts | $73,881 | $35.52 |
| 11 | Washington | $73,373 | $35.28 |
| 12 | New Hampshire | $77,383 | $37.20 |
| 13 | Nevada | $75,064 | $36.09 |
| 14 | Vermont | $70,586 | $33.94 |
| 15 | Arizona | $67,784 | $32.59 |
| 16 | Georgia | $70,088 | $33.70 |
| 17 | Maryland | $69,723 | $33.52 |
| 18 | North Carolina | $68,084 | $32.73 |
| 19 | Tennessee | $68,061 | $32.72 |
| 20 | Kansas | $62,796 | $30.19 |
| 21 | Delaware | $65,844 | $31.66 |
| 22 | Texas | $65,624 | $31.55 |
| 23 | Missouri | $68,349 | $32.86 |
| 24 | West Virginia | $68,555 | $32.96 |
| 25 | New Mexico | $68,244 | $32.81 |
| 26 | Oregon | $67,951 | $32.67 |
| 27 | Wisconsin | $61,820 | $29.72 |
| 28 | Maine | $66,224 | $31.84 |
| 29 | Illinois | $63,965 | $30.75 |
| 30 | Wyoming | $61,019 | $29.34 |
| 31 | Arkansas | $57,305 | $27.55 |
| 32 | Hawaii | $61,543 | $29.59 |
| 33 | Ohio | $60,805 | $29.23 |
| 34 | Indiana | $62,367 | $29.98 |
| 35 | Minnesota | $60,440 | $29.06 |
| 36 | Alabama | $58,968 | $28.35 |
| 37 | Utah | $60,125 | $28.91 |
| 38 | Colorado | $58,483 | $28.12 |
| 39 | Oklahoma | $54,982 | $26.43 |
| 40 | Idaho | $60,265 | $28.97 |
| 41 | Florida | $59,523 | $28.62 |
| 42 | North Dakota | $54,854 | $26.37 |
| 43 | Alaska | $54,587 | $26.24 |
| 44 | Nebraska | $57,505 | $27.65 |
| 45 | Kentucky | $57,952 | $27.86 |
| 46 | Iowa | $56,667 | $27.24 |
| 47 | Louisiana | $57,043 | $27.42 |
| 48 | Montana | $55,571 | $26.72 |
| 49 | South Dakota | $54,244 | $26.08 |
| 50 | South Carolina | $55,900 | $26.88 |
| 51 | Mississippi | $55,174 | $26.53 |
The highest-paying cities for treasury analysts are San Francisco, CA, New York, NY, and Detroit, MI.
| Rank | City | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | San Francisco, CA | $98,666 | $47.44 |
| 2 | New York, NY | $90,343 | $43.43 |
| 3 | Detroit, MI | $82,791 | $39.80 |
| 4 | Washington, DC | $81,163 | $39.02 |
| 5 | Jersey City, NJ | $79,504 | $38.22 |
| 6 | Philadelphia, PA | $77,757 | $37.38 |
| 7 | McLean, VA | $76,176 | $36.62 |
| 8 | Boston, MA | $73,993 | $35.57 |
| 9 | Seattle, WA | $73,641 | $35.40 |
| 10 | Atlanta, GA | $70,203 | $33.75 |
| 11 | Baltimore, MD | $70,000 | $33.65 |
| 12 | Phoenix, AZ | $67,930 | $32.66 |
| 13 | Charlotte, NC | $66,666 | $32.05 |
| 14 | Austin, TX | $66,014 | $31.74 |
| 15 | Newark, DE | $65,804 | $31.64 |
| 16 | Chicago, IL | $64,178 | $30.85 |
| 17 | Columbus, IN | $61,957 | $29.79 |
| 18 | Minneapolis, MN | $60,462 | $29.07 |
| 19 | Saint Petersburg, FL | $60,012 | $28.85 |
| 20 | Birmingham, AL | $58,891 | $28.31 |
A treasury analyst's salary ranges from $52,000 a year at the 10th percentile to $100,000 at the 90th percentile.

| Percentile | Annual salary | Monthly salary | Hourly rate |
|---|---|---|---|
| 90th Percentile | $100,000 | $8,333 | $48 |
| 75th Percentile | $86,000 | $7,167 | $41 |
| Average | $72,667 | $6,056 | $35 |
| 25th Percentile | $61,000 | $5,083 | $29 |
| 10th Percentile | $52,000 | $4,333 | $25 |
The highest paying types of treasury analysts are equity analyst, senior finance analyst, and risk analyst.
| Job title | Annual salary | Monthly salary | Hourly rate | Job openings |
|---|---|---|---|---|
| Finance Analyst-Operations Finance | $67,736 | $5,645 | $32.57 | 144,067 |
| Finance Analyst/Accountant | $62,975 | $5,248 | $30.28 | 118,043 |
| Business & Finance Analyst | $70,514 | $5,876 | $33.90 | 168,111 |
| Accounting Analyst | $58,399 | $4,867 | $28.08 | 81,097 |
| Corporate Finance Analyst | $76,023 | $6,335 | $36.55 | 114,375 |
| Finance Analyst | $69,887 | $5,824 | $33.60 | 138,600 |
How would you rate the starting salaries for treasury 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
Top companies hiring treasury analysts now:
Treasury analyst salaries at Google and Microsoft are the highest-paying according to our most recent salary estimates. In addition, the average treasury analyst salary at companies like PayPal and Adobe are highly competitive.
| Rank | Company | Average salary | Hourly rate |
|---|---|---|---|
| 1 | $127,132 | $61.12 | |
| 2 | Microsoft | $117,566 | $56.52 |
| 3 | PayPal | $117,168 | $56.33 |
| 4 | Adobe | $111,072 | $53.40 |
| 5 | CVR Energy | $106,114 | $51.02 |
| 6 | eBay | $105,831 | $50.88 |
| 7 | General Motors | $103,830 | $49.92 |
| 8 | Horizon Pharma USA, Inc. | $101,402 | $48.75 |
| 9 | Calpine | $100,892 | $48.51 |
| 10 | Masimo | $100,703 | $48.41 |
| 11 | Barclays | $99,374 | $47.78 |
| 12 | Santander Private Banking International | $99,352 | $47.77 |
| 13 | Signature Bank | $99,152 | $47.67 |
| 14 | Stripe | $99,031 | $47.61 |
| 15 | TIBCO Software | $98,837 | $47.52 |
| 16 | AARP | $98,190 | $47.21 |
| 17 | Oracle | $97,908 | $47.07 |
| 18 | MUFG EMEA | $97,752 | $47.00 |
| 19 | Citi | $96,267 | $46.28 |
| 20 | CITGO Petroleum | $95,748 | $46.03 |
The average treasury analyst salary varies across industries:
| Rank | Industry | Average salary | Hourly rate |
|---|---|---|---|
| 1 | Automotive | $87,077 | $41.86 |
| 2 | Finance | $82,421 | $39.63 |
| 3 | Manufacturing | $75,549 | $36.32 |
| 4 | Health Care | $72,002 | $34.62 |
| 5 | Professional | $70,827 | $34.05 |
| 6 | Hospitality | $65,434 | $31.46 |
The average treasury analyst salary has risen by $11,160 over the last ten years. In 2014, the average treasury analyst earned $61,507 annually, but today, they earn $72,667 a year. That works out to a 9% change in pay for treasury analysts over the last decade.
Compare treasury analyst salaries for cities or states with the national average over time.
Compare treasury analyst salaries for individual cities or states with the national average.
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2025 | $72,700 | $34.94 | +2.6% |
| 2024 | $70,800 | $34.04 | +1.6% |
| 2023 | $69,600 | $33.48 | +1.6% |
| 2022 | $68,500 | $32.95 | +3.0% |
| 2021 | $66,500 | $31.96 | +1.8% |
| Company | Job | Location | Date added | Salary |
|---|---|---|---|---|
| Axos Bank | Treasury Analyst | Las Vegas, NV | 06/30/2025 | $45,000 |
| Huntington | Treasury Liquidity Analyst | Columbus, OH | 06/29/2025 | $57,000 |
| Westar Energy | Finance and Treasury Analyst | Kansas City, MO | 06/29/2025 | $72,900 |
| Old Republic Title Company | Treasury Analyst | Minnetonka, MN | 06/29/2025 | $50,088 |
| Old National Bank | Treasury Management SVC Spec | Lake Elmo, MN | 06/27/2025 | $45,914 |
| Old National Bank | Treasury Management SVC Spec | Evansville, IN | 06/27/2025 | $45,914 |
| Old National Bank | Treasury Management SVC Spec | Joliet, IL | 06/27/2025 | $45,914 |
| American General Life Insurance Company | Treasury Analyst | Jersey City, NJ | 06/27/2025 | $70,000 |
| Carrington | Mortgage Treasury Facility II, Analyst | Dover, DE | 06/27/2025 | $70,000 |
| Carrington | Mortgage Treasury Facility II, Analyst | Raleigh, NC | 06/27/2025 | $70,000 |
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