Are you curious how much the salary of a Financial Analyst is. Are you thinking of becoming a Financial Analyst? We’ll address these questions below.
You may be wondering, “what does a financial analyst do?”
Financial Analysts offer “guidance” on investment assets, such as stocks and bonds. They assess the financial statements of an entity, like the Balance Sheet, Income Statement, and Balance Sheet to determine the strength and direction of the business. They compare this to the industry as a whole, and figure out how the business compares to its competitors, and analyze trends in the industry.
They will also meet with representatives of the company under analysis to gain a better understanding of the company’s goals, managements current direction, and take the opportunity to assess the management of the company They assess this against the current economy overall. They will then prepare a report based on their findings.
Financial Analyst Jobs Demand
The Bureau of Labor Statistics says there is an 11% growth rate for this career. With 3200 jobs being created on average each year. As you can see in the table below, demand is quite strong and the pay is decent. We can surmise that the entry level salary for a financial analyst is about $55,000 nationally. Almost all Financial Analyst jobs listings are at or above the median household income level!!!
Compare this to the CCNA Salary and Job Demand in the “booming” tech sector.
| Financial Analyst Salary | Job Listings |
|---|---|
| $55,000+ | 40,670 |
| $70,000+ | 31,777 |
| $80,000+ | 24,404 |
| $90,000+ | 17,186 |
| $105,000+ | 9,363 |
| $115,000+ | 6,171 |
| $125,000+ | 3,808 |
| $140,000+ | 1,766 |
| $150,000+ | 1,023 |
| $165,000+ | 416 |
Salary
The median Financial Analyst Salary is $85,660 per year according to the Bureau of Labor Statistics. And the top 10% make over $167,000. However, jobs sites like ziprecruiter and indeed say the mean is around $67,500. The average financial analyst salary for Atlanta is $68,000, while the average salary for San Francisco is $87,000. Obviously it depends on where you live.
The table below displays the minimum salary by city.
| City | Minimum |
|---|---|
| San Jose | $70,000 |
| San Francisco | $70,000 |
| Arlington | $70,000 |
| Seattle | $70,000 |
| Charlotte | $60,000 |
| New York | $65,000 |
| Washington | $65,000 |
| Boston | $65,000 |
| Richmond | $60,200 |
| Chicago | $60,000 |
| Atlanta | $55,000 |
| Los Angeles | $55,100 |
| San Diego | $55,000 |
| Dallas | $55,000 |
| Houston | $55,000 |
| Austin | $55,000 |
| Jacksonville | $55,000 |
| Tampa | $55,000 |
| Denver | $55,000 |
| Miami | $55,300 |
| Philadelphia | $55,000 |
| Cleveland | $55,000 |
| Nashville | $55,000 |
| Phoenix | $55,000 |
| Detroit | $55,000 |
| Portland | $55,000 |
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