How Much Do Financial Analysts Make in 2020 (including Starting Salary)

Stan T.Career, SalaryLeave a Comment

Annual Salary, Salary Range, and Highest Paying States.

Average Salary

Annual salary
$100990 per year

Hourly wage
$49 per hour

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.

Starting Salary

Entry-level annual salary
$52540 to $65350 per year

Entry-level hourly wage
$25 to $31 per hour

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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Salary Rank

Salary rank

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.

Salary range

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.

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