Annual Salary, Salary Range, and Highest Paying States.
One of the most popular questions we get from our readers here is how much do Financial Analysts make per year and their hourly wage.
Entry-level Financial Analysts with little to no experience can expect to make anywhere between $52540 to $65350 per year or $25 to $31 per hour.
Just like any other job, the salary of a Financial Analyst will increase as they become more experienced.
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We wanted to make it easy for our readers to compare the salary of a Financial Analyst to all the other careers out there. So we created Salary Rank. We compare the salary of all careers then we give them a rank of A, B, C or D depending on where their average salary sits in comparison to other careers.
After comparing how much do Financial Analysts make with other careers, they have a salary rank of A.
|Highest (Top 10%)||$80||$167420|
|Senior (Top 25%)||$56||$116360|
|Middle (Mid 50%)||$41||$85660|
|Junior (Bottom 25%)||$31||$65350|
|No experience (Bottom 10%)||$25||$52540|
Highest paying states
|WY||$ 67||$ 139,660|
|NY||$ 66||$ 137,270|
|CA||$ 53||$ 109,640|
|CO||$ 52||$ 109,120|
|NJ||$ 51||$ 106,100|
|CT||$ 51||$ 105,950|
|MA||$ 51||$ 105,540|
|NM||$ 50||$ 103,040|
|DC||$ 49||$ 102,510|
|AK||$ 49||$ 101,720|
Another simple way to increase your salary as a Financial Analyst is to move to a higher paying state. However moving to a higher paying state like WY doesn’t guarantee that you will make more because the expenses at WY might be much higher than where you are currently living at right now.
According to BLS, the highest paid Financial Analysts are in the states of WY, NY, CA, CO and NJ.
develop quantitative financial products used to inform individuals or financial institutions engaged in saving, lending, investing, borrowing, or managing risk. Investigate methods for financial analysis to create mathematical models used to develop improved analytical tools or advanced financial investment instruments.
review individual applications for insurance to evaluate degree of risk involved and determine acceptance of applications.
advise clients on financial plans using knowledge of tax and investment strategies, securities, insurance, pension plans, and real estate. Duties include assessing clients' assets, liabilities, cash flow, insurance coverage, tax status, and financial objectives.
conduct organizational studies and evaluations, design systems and procedures, conduct work simplification and measurement studies, and prepare operations and procedures manuals to assist management in operating more efficiently and effectively. Includes program analysts and management consultants.
conduct security assessments for organizations, and design security systems and processes. May specialize in areas such as physical security, personnel security, and information security. May work in fields such as health care, banking, gaming, security engineering, or manufacturing.
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