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 2017 and published in April 2018 [1].

Table 1. Financial Analyst Salary in the United States

Percentile BracketAverage Annual Salary
10th Percentile Wage
$51,780
25th Percentile Wage
$64,390
50th Percentile Wage
$84,300
75th Percentile Wage
$114,980
90th Percentile Wage
$165,580

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 $165,580. The median annual salary (50th percentile) is $84,300. The average annual salary for the bottom 10 percent is $51,780. Notice that in the United States, the annual salary of the 90th percentile (the top 10 percent of the highest paid) is almost 219% higher than that of the bottom 10 percent.

Salary Trend (2012 to 2017)

The table and chart below show the trend of the median salary of financial analysts from 2012 to 2017.

YearMedian SalaryYearly Growth5-Year Growth
2017
$84,300
3.01% 8.72%
2016
$81,760
1.77% -
2015
$80,310
2.10% -
2014
$78,620
0.31% -
2013
$78,380
1.82% -
2012
$76,950
- -

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 finance and insurance sector with an annual salary $90,450. The lowest paying sector is the accommodation and food services sector (annual salary $65,470).

Industry Sector Median Annual Salary
Finance and Insurance
$90,450
Utilities
$90,230
Mining
$87,240
Other Services (except Federal, State, and Local Government)
$87,160
Real Estate and Rental and Leasing
$85,590
Manufacturing
$84,430
Information
$84,330
Professional, Scientific, and Technical Services
$83,970
Management of Companies and Enterprises
$82,580
Construction
$81,110
Retail Trade
$78,530
Wholesale Trade
$76,280
Administrative and Support and Waste Management and Remediation Services
$74,910
Transportation and Warehousing
$74,770
Arts, Entertainment, and Recreation
$72,410
Educational Services
$71,620
Health Care and Social Assistance
$71,350
Federal, State, and Local Government
$67,930
Accommodation and Food Services
$65,470

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 $48,240 to $108,060. The highest paying state for financial analysts is New York with a median annual salary of $108,060. The lowest paying state is Virgin Islands with a median annual salary of $48,240. 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
$108,060
California
$94,430
New Jersey
$93,360
District of Columbia
$92,670
Connecticut
$91,600
Alaska
$90,950
Massachusetts
$86,880
Oregon
$85,850
Virginia
$85,060
Colorado
$84,650
Minnesota
$83,290
Maryland
$82,940
Texas
$81,850
Alabama
$81,110
Missouri
$81,040
North Carolina
$80,100
Washington
$79,090
Pennsylvania
$78,600
Illinois
$78,070
Montana
$77,100
Wyoming
$76,990
Michigan
$76,740
New Mexico
$76,480
Rhode Island
$75,220
Hawaii
$74,340
Vermont
$74,330
Maine
$74,200
Arizona
$74,170
Utah
$73,740
Nevada
$73,530
Georgia
$73,360
Ohio
$72,760
Mississippi
$72,640
Iowa
$72,350
Wisconsin
$71,600
Delaware
$71,390
Tennessee
$70,850
Idaho
$70,090
Florida
$69,390
Arkansas
$69,100
West Virginia
$68,820
Indiana
$68,710
South Dakota
$67,890
Nebraska
$67,580
North Dakota
$67,290
Louisiana
$67,280
Kansas
$66,700
New Hampshire
$66,160
South Carolina
$65,950
Oklahoma
$65,790
Kentucky
$63,900
Puerto Rico
$52,330
Virgin Islands
$48,240



Related:

💰 Highest paying states for financial analysts

💰 Highest paying cities for financial analysts

💰 Highest paying industries for financial analysts.