Financial Analyst Salary Information

The salary statistics of financial analysts are shown in Table 1. In the next few tables we compare the average salaries of financial analysts within different industry sectors and in the 50 states of the United States. The financial analysts annual salary statistics are from the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2016 and published in April 2017 [1].

Table 1. Financial Analyst Salary in the United States

Percentile BracketAverage Annual Salary
10th Percentile Wage
$50,350
25th Percentile Wage
$62,640
50th Percentile Wage
$81,760
75th Percentile Wage
$111,760
90th Percentile Wage
$165,100

Table 1 shows the average annual salary for financial analysts. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) financial analysts is $165,100. The median annual salary (50th percentile) is $81,760. The average annual salary for the bottom 10 percent is $50,350. We note that in the United States, the annual salary of the 90th percentile (the top 10 percent of the highest paid) is almost 227% higher than that of the bottom 10 percent.

Salary Trend (2012 to 2016)

The following table and chart show the trend of the median salary of financial analysts from 2012 to 2016.

YearMedian SalaryYearly Growth4-Year Growth
201681,7601.77%5.88%
201580,3102.10%-
201478,6200.31%-
201378,3801.82%-
201276,950--

Table 2. Financial Analyst Salary by Industry Sector

The average salaries of financial analysts in 19 major industry sectors are shown in Table 2. We note that the salaries vary considerably within different industry sectors. The highest paying industry sector for financial analysts occupations is the utilities sector with an annual salary $87,950. The lowest paying sector is the accommodation and food services sector (annual salary $61,980).

Industry Sector Median Annual Salary
Utilities
$87,950
Mining
$86,840
Finance and Insurance
$86,050
Real Estate and Rental and Leasing
$85,340
Information
$84,710
Other Services (except Federal, State, and Local Government)
$84,500
Professional, Scientific, and Technical Services
$83,620
Manufacturing
$81,330
Management of Companies and Enterprises
$80,380
Construction
$77,240
Wholesale Trade
$76,480
Transportation and Warehousing
$75,050
Administrative and Support and Waste Management and Remediation Services
$74,210
Arts, Entertainment, and Recreation
$73,890
Retail Trade
$70,840
Educational Services
$70,840
Health Care and Social Assistance
$69,410
Federal, State, and Local Government
$66,500
Accommodation and Food Services
$61,980

Table 3. Median Annual Wage of Financial Analysts by States

From the above tables we note that not only financial analysts salaries vary considerably based on one's education and experience, and the industry sectors, they also change considerably from state to state. In the following table we compare the median salary of financial analysts in all 50 states of the United States. We note that the median annual salaries range from $51,100 to $101,770. The highest paying state for financial analysts is New York with a median annual salary of $101,770. The lowest paying state is Virgin Islands with a median annual salary of $51,100. For more salary information of financial analysts profession in a specific state, use the links in the table.

State Name Median Annual Salary
New York
$101,770
California
$94,440
Alaska
$92,470
District of Columbia
$89,700
New Jersey
$87,880
Virginia
$86,930
Colorado
$85,890
Connecticut
$85,730
Massachusetts
$85,220
Minnesota
$80,210
Oregon
$79,850
Texas
$79,420
Maryland
$79,360
Illinois
$78,300
Missouri
$77,600
North Carolina
$76,860
Michigan
$75,850
Montana
$75,380
Washington
$75,370
Pennsylvania
$74,630
Vermont
$74,470
Rhode Island
$73,920
Utah
$73,680
Alabama
$73,330
New Mexico
$73,000
Maine
$72,690
Kansas
$72,560
Georgia
$72,550
Iowa
$72,460
Wyoming
$72,400
Delaware
$72,010
Idaho
$71,230
Ohio
$70,380
Arizona
$70,070
Florida
$69,480
Wisconsin
$69,480
Indiana
$69,370
Hawaii
$69,100
Mississippi
$69,060
North Dakota
$69,030
Nebraska
$68,500
Tennessee
$67,490
Louisiana
$67,110
Kentucky
$66,620
Nevada
$66,610
New Hampshire
$66,040
South Dakota
$65,310
South Carolina
$64,120
Oklahoma
$64,070
Arkansas
$63,850
West Virginia
$61,080
Puerto Rico
$51,520
Virgin Islands
$51,100



Related:

Highest paying states for financial analysts

Highest paying cities for financial analysts

Highest paying industries for financial analysts.