The salary statistics of financial analysts and advisors are shown in Table 1. The average hourly salary of financial analysts and advisors in the United States is shown in Table 2. In the next few tables we compare the average salaries of financial analysts and advisors within different industry sectors and in the 50 states of the United States. The financial analysts and advisors annual salary statistics are from the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2022 and published in April 2023 [1].
| Percentile Bracket | Average Annual Salary |
|---|---|
| 10th Percentile Wage | $49,890 |
| 25th Percentile Wage | $64,390 |
| 50th Percentile Wage | $90,680 |
| 75th Percentile Wage | $131,340 |
| 90th Percentile Wage | $208,640 |
Table 1 shows the average annual salary for financial analysts and advisors. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) financial analysts and advisors is $208,640. The median annual salary (50th percentile) is $90,680. The average annual salary for the bottom 10 percent is $49,890. Notice that in the United States, the annual salary of the 90th percentile (the top 10 percent of the highest paid) is almost 318% higher than that of the bottom 10 percent.
The table and chart below show the trend of the median salary of financial analysts and advisors from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $90,680 | 9.87% | 20.85% |
| 2021 | $81,730 | -1.38% | - |
| 2018 | $82,860 | 0.11% | - |
| 2017 | $82,770 | 2.21% | - |
| 2016 | $80,940 | 1.96% | - |
| 2015 | $79,350 | 3.79% | - |
| 2014 | $76,340 | 2.29% | - |
| 2013 | $74,590 | 3.78% | - |
| 2012 | $71,770 | - | - |
The average salaries of financial analysts and advisors in 20 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 and advisors occupations is the mining sector with an annual salary $103,010. The lowest paying sector is the accommodation and food services sector (annual salary $63,020).