Financial analyst salary

Financial analyst salary DEFAULT

How much does a Financial Analyst I make in the United States? The average Financial Analyst I salary in the United States is $60,252 as of September 27, 2021, but the range typically falls between $54,784 and $66,479. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, helps you determine your exact pay target. 

SalarySalary + BonusBenefits

Based on HR-reported data: a national average with a geographic differential

Financial Analyst I Salaries by Percentile

Percentile Salary LocationLast Updated
10th Percentile Financial Analyst I Salary$49,807USSeptember 27, 2021
25th Percentile Financial Analyst I Salary$54,784USSeptember 27, 2021
50th Percentile Financial Analyst I Salary$60,252USSeptember 27, 2021
75th Percentile Financial Analyst I Salary$66,479USSeptember 27, 2021
90th Percentile Financial Analyst I Salary$72,150USSeptember 27, 2021

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Job Description for Financial Analyst I

Financial Analyst I is responsible for assisting in preparation, coordination, and documentation of financial analysis projects. Provides analytical support for forward-looking financial and business-related projects. Being a Financial Analyst I assists in the preparation of forecasts and analysis of trends in manufacturing, sales, finance, general business conditions, and other related areas. Assists in financial forecasting and reconciliation of internal accounts. Additionally, Financial Analyst I requires a bachelor's degree. Typically reports to a supervisor or manager. The Financial Analyst I works on projects/matters of limited complexity in a support role. Work is closely managed. To be a Financial Analyst I typically requires 0-2 years of related experience. (Copyright 2021 View full job description

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What does a Financial Analyst I do?

Financial Analyst I in Alameda, CA

Prepare analysis to determine present and future financial performance to understand upsides/downsides to the forecast.

June 15, 2021

Assist with the support of the business partners within the SG&A Organizations.

July 10, 2021

Financial Analyst I in Alexandria, VA

Provides guidance concerning budgetary regulations.

April 06, 2021

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Financial Analyst I Pay Difference by Location

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City, StateSan Francisco, CACompared to national average
City, StateWashington, DCCompared to national average
City, StateMiami, FLCompared to national average
City, StateChicago, ILCompared to national average
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City, StateDallas, TXCompared to national average

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Job Title Experience EDUCATION Salary Compared to This Job
Job TitleBudget Analyst IExperience 0 - 2 EducationBachelorsSalary Compared to This Job

+ 0.4%

Job TitleFinancial Analyst IIExperience 2 - 4 EducationBachelorsSalary Compared to This Job

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Job TitleFinancial Analyst IIIExperience 4 - 7 EducationBachelorsSalary Compared to This Job

+ 50.5%

Job TitleFinancial Analyst IVExperience 7 + EducationBachelorsSalary Compared to This Job

+ 79.9%

Job TitleFinancial Reporting Accountant IExperience 0 - 2 EducationBachelorsSalary Compared to This Job

+ 6.6%

Financial Analyst I Salary by Global Country

Financial Analyst I Salary by State

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Understand the total compensation opportunity for a Financial Analyst I, base salary plus other pay elements

Average Base Salary

Core compensation




Average Total Cash Compensation

Includes base and annual incentives




These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Financial Analyst I in the United States. The base salary for Financial Analyst I ranges from $54,784 to $66,479 with the average base salary of $60,252. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $55,896 to $68,312 with the average total cash compensation of $61,653.

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Skills associated with Financial Analyst I: Financial Analysis Software, Financial Research and Analytics Software, Financial Forecasting, Account Reconciliation...More

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Average Financial Analyst Salary

Avg. Base Salary (USD)

The average salary for a Financial Analyst is $62,108

Profit Sharing

$828 - $10k


What is the Pay by Experience Level for Financial Analysts?

An entry-level Financial Analyst with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $56,165 based on 1,994 salaries. An early career Financial Analyst with 1-4 years of experience earns an average total compensation of $61,330 based on 10,923 salaries. A …Read more

What Do Financial Analysts Do?

Corporations and businesses typically have a responsibility to shareholders and owners to use earned income in a way that builds company wealth. A financial analyst carefully studies marketplace trends, demographics and microeconomic factors to help the company make smart investments. The financial analyst may also provide advice to companies on issuing their own bonds, splitting stock and other areas of concern.

One of the most important roles for a financial analyst is to fully understand …Read more

Job Satisfaction for Financial Analyst

Based on 2,871 responses, the job of Financial Analyst has received a job satisfaction rating of 3.73 out of 5. On average, Financial Analysts are highly satisfied with their job.

Gender Breakdown

Prefer to self-define


This data is based on 8,507 survey responses. Learn more about the gender pay gap.

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Financial Analysts

What Financial Analysts Do About this section

Financial analysts

Financial analysts work in banks, pension funds, insurance companies, and other businesses.

Financial analysts guide businesses and individuals in decisions about expending money to attain profit. They assess the performance of stocks, bonds, and other types of investments.


Financial analysts typically do the following:

  • Recommend individual investments and collections of investments, known as portfolios
  • Evaluate current and historical financial data
  • Study economic and business trends
  • Examine a company’s financial statements to determine its value
  • Meet with company officials to gain better insight into the company’s prospects
  • Assess the strength of the management team
  • Prepare written reports

Financial analysts evaluate opportunities to commit money for the purpose of generating profit.

Financial analysts can be divided into two categories: buy-side analysts and sell-side analysts.

  • Buy-side analysts develop investment strategies for companies that have a lot of money to invest. These companies, called institutional investors, include hedge funds, insurance companies, independent money managers, nonprofit organizations with large endowments, private equity firms, and pension funds.
  • Sell-side analysts advise financial services sales agents who sell stocks, bonds, and other investments.

Analysts may work for the business media or other research houses, which are independent from the buy and sell side.

Financial analysts generally focus on trends affecting a specific geographical region, industry, or type of product. For example, they may focus on a subject area or a foreign exchange market. They must understand how economic trends, new regulations, policies, and political situations may affect investments.

Investing has become more global, and some specialize in a particular country or world region. Companies want these specialists to understand the business environment, culture, language, and political conditions in the country or region that they cover.

The following are examples of types of financial analysts:

Financial risk specialists, also called financial risk analysts, evaluate threats to investment decisions and determine how to manage unpredictability and limit potential losses. They make investment decisions such as selecting dissimilar stocks or having a combination of stocks, bonds, and mutual funds in a portfolio. They also make recommendations to limit risk.

Fund managers work exclusively with hedge funds or mutual funds. Both fund managers and portfolio managers frequently make buy or sell decisions in reaction to quickly changing market conditions.

Investment analysts assess information involving investment programs or financial data of institutions, such as business valuation. They also respond to queries from clients and client advisors regarding asset allocation and alternative investment topics including hedge funds, real property, and venture capital.

Portfolio managers select the mix of products, industries, and regions for their company’s investment portfolio. These managers are responsible for the overall performance of the portfolio. They are also expected to explain investment decisions and strategies in meetings with stakeholders.

Ratings analysts evaluate the ability of companies or governments to pay their debts, including bonds. Based on these evaluations, a management team rates the risk of a company or government not being able to repay its bonds.

Securities analystsevaluate securities markets and trends to identify high-yield assets for clients and companies. They may use resources such as bond performance reports, daily stock quotes, market and economic forecasts, and other financial statements and publications.


How much does a Financial Analyst make in the United States? The average Financial Analyst salary in the United States is $60,716 as of September 27, 2021, but the salary range typically falls between $55,274 and $67,037. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, helps you determine your exact pay target. 

Search Financial Analyst Jobs in the United States

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What does a Financial Analyst do?

Financial Analyst in Chicago, IL

Interacts with faculty, staff &/or funders to build relationships, transfer knowledge, &/or advise on research policies & procedures.

March 05, 2021

Hands-on experience working in large data sets is highly preferred.

March 14, 2021

Financial Analyst in Dallas, TX

Requires proficient knowledge of various software applications such as Microsoft Word Excel Access and PowerPoint to create routine financial documents reports graphs and presentations.

June 23, 2021

Financial Analyst in Hillsboro, OR

Answers to the supplemental questions are typically evaluated.

April 15, 2021

Facilitates agreement with project participants regarding assignments.

July 07, 2021

Not the job you're looking for? Search more salaries here:

Are you an HR manager or compensation specialist?'s CompAnalyst platform offers:

  • Detailed skills and competency reports for specific positions
  • Job and employee pricing reports
  • Compensation data tools, salary structures, surveys and benchmarks.
Learn about CompAnalyst

Financial Analyst Salary by Global Country

Financial Analyst Salary by State

Understand the total compensation opportunity for a Financial Analyst, base salary plus other pay elements

Average Base Salary

Core compensation




Average Total Cash Compensation

Includes base and annual incentives




These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Financial Analyst in the United States. The base salary for Financial Analyst ranges from $55,274 to $67,037 with the average base salary of $60,716. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $56,412 to $68,909 with the average total cash compensation of $62,150.


Salary financial analyst

Becoming a Financial Analyst

In the financial services industry, one of the most coveted careers is that of the analyst. The main role of a financial analyst is to pore over data to identify opportunities or evaluate outcomes for business decisions or investment recommendations. Financial analysts can work in both junior and senior capacities within a firm, and it is a niche that often leads to other career opportunities.

The financial services industry is competitive and it can be tough to break into the field. If you're interested in a career as a financial analyst, read on to find out what you can do to prepare yourself for the job.

Key Takeaways

  • A financial analyst pores over data to identify business opportunities or make investment recommendations.
  • More junior analysts tend to do a lot of data gathering, financial modeling, and spreadsheet maintenance.
  • More senior analysts tend to spend time on developing investment theses, speaking with company management teams and other investors, and marketing ideas.
  • A bachelor's degree in a math or finance-related major is helpful, but a masters in finance, a math-related field, or an MBA will also help get your foot in the door, as well as industry certifications such as a CFA charter.

What it Takes to be a Financial Analyst

What Is a Financial Analyst?

Financial analysts examine financial data and use their findings to help companies make business decisions. Often, their analysis is meant to inform the investing decisions of companies.

More specifically, financial analysts research macroeconomic and microeconomic conditions along with company fundamentals to make predictions about businesses, sectors, and industries. They also often recommend a course of action, such as buying or selling a company's stock based upon its overall performance and outlook.

An analyst must be aware of current developments in the field in which they specialize, as well as in preparing financial models to predict future economic conditions for any number of variables.

Not all financial analysts analyze the stock or bond markets or help their employers make investments. Companies may also hire an analyst to use numerical data to pinpoint the efficacy of various marketing techniques relative to cost. Businesses that utilize the franchise model often have financial analysts who are responsible for tracking individual franchises or groups of franchises within a geographic region. The analysts determine where the strengths and weaknesses lie and make profit and loss forecasts.

Required Skills and Education

Compared to many high-paying careers, the qualifications to become a financial analyst are much less rigid and well-defined. Unlike law and medicine, no career-wide educational minimums exist. Whether you face any required licensing depends on factors, such as your employer and your specific job duties.

That said, in the 21st century, a bachelor's degree – preferably with a major in economics, finance, or statistics – has become a de facto requirement for becoming a financial analyst. Other majors that are looked upon favorably include accounting and math, and even biology and engineering—especially if one has an interest in specializing as an analyst in those industries. The competition is too great, and undergraduate or advanced degrees are too common in the job market, to have a serious chance of applying for an analyst position with less than a bachelor's degree.

The big investment banks, where the huge first-year salaries get paid, recruit almost exclusively at elite colleges and universities, such as Harvard University and Princeton University. Candidates applying with degrees from less prestigious schools can increase their chances by continuing their education and obtaining an MBA from a highly-ranked business school. MBA graduates are often hired as senior analysts right out of business school.

Regardless of education, a successful career as a financial analyst requires strong quantitative skills, expert problem-solving abilities, adeptness in the use of logic, and above-average communication skills. Financial analysts have to crunch data, but they also have to report their findings to their superiors in a clear, concise, and persuasive manner.

Certification Exams to Take

If you are not an MBA graduate student or an economics major as an undergraduate, you may want to consider studying for the Series 7 and Series 63 exams or participating in the Chartered Financial Analyst (CFA®) Program. Keep in mind that participating in the Series 7 exam will require sponsorship from a FINRA member firm or a regulatory organization. Beginning in October 2018, FINRA is taking the common questions from Series 7 (along with some other tests), and putting them into a new exam called the Securities Industry Essentials (SIE) exam. It's possible to take the SIE exam without any sponsorship, and it may serve a nice boost to your resume.

While the CFA exam is highly technical, the Series 7 and Series 63 exams are other ways to demonstrate a basic familiarity with investment terms and accounting practices. If you look at a sample CFA exam and it seems overwhelming, start by taking the SIE and then work your way up to the CFA exam, or begin to interview for junior analyst positions after passing the SIE. Many institutions also have training programs for candidates who show promise in the field.

Types of Analyst Positions

The field of financial analysis is broad, featuring a variety of job titles and career paths. Within the financial/investment industry, the three major categories of analysts are those who work for:

  • Buy-side firms (investment houses that manage their own funds)
  • Sell-side firms
  • Investment banks

Financial analysts may also work for local and regional banks, insurance companies, real estate investment brokerages, and other data-driven companies. Any business that frequently makes weighty decisions on how to spend money is a place where a financial analyst can potentially add value.

Buy-Side Analysts

The majority of financial analysts work on what is known as the buy-side. They help their employers make decisions on how to spend their money, whether that means investing in stocks and other securities for an in-house fund, buying income properties (in the case of a real estate investment firm), or allocating marketing dollars. Some analysts perform their jobs not for a specific employer but for a third-party company that provides financial analysis to its clients. This shows the value of what a financial analyst does; an entire industry exists around it.

Buy-side financial analysts rarely have the final say in how their employers or clients spend their money. However, the trends they uncover and the forecasts they make are invaluable in the decision-making process. With global financial markets evolving faster than ever and regulatory environments changing seemingly daily, it stands to reason that the demand for skilled buy-side financial analysts will only increase in the future.

Sell-Side Analysts

At a sell-side firm, analysts evaluate and compare the quality of securities in a given sector or industry. Based on this analysis, they then write research reports with certain recommendations, such as "buy," "sell," "strong buy," "strong sell" or "hold." They also track the stocks that are in a fund's portfolio in order to determine when/if the fund's position in that stock should be sold. The recommendations of these research analysts carry a great deal of weight in the investment industry, including for people employed at buy-side firms.

Perhaps the most prestigious (and highest-paid) financial analyst job is that of a sell-side analyst for a big investment bank. These analysts help banks price their own investment products and sell them in the marketplace. They compile data on the bank's stocks and bonds and use quantitative analysis to project how these securities will perform in the market. Based on this research, they make buy and sell recommendations to the bank's clients, steering them into certain securities from the bank's menu of products.

Even within these specialties, there are subspecialties: analysts who focus on stocks or on fixed-income instruments. Many analysts also specialize even further within a specific sector or industry. An analyst may concentrate on energy or technology, for example.

Investment Banking and Equity Analysts

Analysts in investment banking firms often play a role in determining whether or not certain deals between companies such as initial public offerings (IPOs), mergers, and acquisitions (M&A) are feasible, based on corporate fundamentals. Analysts assess current financial conditions–as well as relying heavily on modeling and forecasting–to make recommendations as to whether or not a certain merger is appropriate for that investment bank's client or whether a client should invest venture capital in an enterprise.

Analysts who help make buy and sell decisions for big banks and who attempt to locate auspicious IPO opportunities are called equity analysts. Their focus is primarily on equity markets; they help find companies that present the most lucrative opportunities for ownership. Typically, equity analysts are among the highest-paid professionals in the field of financial analysis. This is partly a function of their employers; the big investment banks use huge salaries to lure the best talent.

Equity analysts often deal with huge sums of money. When they make a winning prediction, the gain for the employer is often in the millions of dollars. As such, equity analysts are handsomely compensated.

Median Salary is Not Mediocre

Most financial analysts make significantly less than those in other professions in the finance industry, particularly in New York City. However, the median annual income for an entry-level financial analyst is significantly higher than the median annual income for a full-time wage or salary worker in the United States overall. As of the fourth fiscal quarter of 2019, according to the U.S. Bureau of Labor Statistics (BLS), the average income for a full-time wage or salary worker in the U.S. on a weekly basis was $936. For a 40-hour work week, this translates to a yearly income of approximately $48,672.

According to data from the U.S. Bureau of Labor Statistics (BLS), the median annual income for financial analysts across all experience levels in May 2018 was $85,660 per year (or $41.18 per hour). So, on average, financial analysts start out much better paid than the typical worker. In addition, financial analysts at the big Wall Street firms often make much more, even during their first year. In fact, earning total compensation of $140,000 or greater is a common goal for first-year analysts at investment banks.

Financial Analyst Job Outlook

Employment-wise, the outlook is good for the financial analyst profession. While it's a competitive field, in 2018, there were around 329,500 total jobs in this field according to the latest available BLS statistics, the profession should grow about 6% in the decade between 2018-28—an increase of 20,300 positions. The BLS notes:

Demand for financial analysts tends to grow with overall economic activity. Financial analysts will be needed to evaluate investment opportunities when new businesses are established or existing businesses expand. In addition, emerging markets throughout the world are providing new investment opportunities, which require expertise in geographic regions where those markets are located.

The states with the highest employment level in this occupation, in descending order: California, New York (where the physical location of Wall Street is), Texas, Florida, and Illinois. Other high-ranking areas include Washington D.C., Delaware, Connecticut, and Massachusetts. The top-paying states for analysts are New York, Washington D.C., Connecticut, Massachusetts, and Alaska.

What to Expect on the Job

Financial analysts need to remain vigilant about gathering information on the macroeconomic level, as well as gathering information about specific companies, specifically assessing their financial fundamentals via company balance sheets. In order to stay on top of the financial news, analysts will need to do a lot of reading on their own time. Analysts tend to peruse publications such as The Wall Street Journal, The Financial Times, and The Economist, as well as financial websites.

Being an analyst also often involves a significant amount of travel. Some analysts visit companies to get a first-hand look at operations on the ground level. Analysts also frequently attend conferences with colleagues who share the same specialty as they do.

When in the office, analysts learn to be proficient with spreadsheets, relational databases, and statistical and graphics packages. They use these tools in order to develop recommendations for senior management and to produce detailed presentations and financial reports that include forecasting, cost-benefit analysis, and trend analysis. Analysts also interpret financial transactions and must verify documents for their compliance with government regulations.

Opportunities for Advancement

In terms of interoffice protocol, analysts usually interact with each other as colleagues, while also reporting to a portfolio manager or other more senior management role. A junior analyst may work their way up to senior analyst over a period of three to five years. For senior analysts who continue to look for career advancement, there is the potential to become a portfolio manager, a partner in an investment bank, or a senior manager in a retail bank or insurance company. Some analysts go on to become investment advisors or financial consultants.

Skill Set for Success

The most successful junior analysts are ones who develop proficiency in the use of spreadsheets, databases, and PowerPoint presentations and learn other software applications. Most successful senior analysts, however, are those who not only put in long hours but also develop interpersonal relationships with superiors and mentor other junior analysts. Analysts who are promoted also learn to develop communication and people skills by crafting written and oral presentations that impress senior management.

The Bottom Line

A career as a financial analyst requires preparation and hard work. It also has the potential to deliver not just financial rewards, but the genuine satisfaction that comes from being an integral part of the business landscape.

12 Of The Highest Paying Finance Jobs (These Make You Over $105,678)

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