How Much Do Financial Analysts Make in 2021 (including Starting Salary)

Stan T.Career, SalaryLeave a Comment

Annual Salary, Salary Range, and Highest Paying States and Industries

Financial Analysts

Financial Analysts conduct quantitative analyses of information involving investment programs or financial data of public or private institutions, including valuation of businesses.

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Table of contents
  1. Average salary
  2. Starting salary
  3. Salary rank
  4. Salary range
  5. Highest paying states
  6. Highest paying industries

Average salary

Annual salary
$96630 per year
Hourly wage
$46 per hour

Starting salary

Entry-level annual salary
$48,760 to $63,670 per year
Entry-level hourly wage
$23 to $31 per hour

Entry-level Financial Analysts with little to no experience can expect to make anywhere between $48,760 to $63,670 per year or $23 to $31 per hour. Similar to any other job, their salary will increase as they gain experience.

Salary rank

Salary rank

We wanted to make it easy for our readers to compare the salary of Financial Analysts to all the other careers out there. So we created Salary Rank. We compared the salary of all careers then we gave them a rank of A, B, C, or D depending on where their average salary sit in comparison to other careers.

Salary range

Level Hourly Annual
Highest (Top 10%) $77 $159,560
Senior (Top 25%) $54 $112,460
Middle (Mid 50%) $40 $83,660
Junior (Bottom 25%) $31 $63,670
No experience (Bottom 10%) $23 $48,760

Highest paying states

State Hourly Annual
NY $63 $130,670
DC $52 $109,070
MA $51 $105,680
CT $50 $105,020
NJ $49 $101,780
CA $49 $101,180
VA $48 $100,730
IL $47 $97,750
HI $47 $97,740
DE $47 $97,600

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 NY doesn’t guarantee that you will make more because the expenses at NY 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 NY, DC, MA, CT and NJ.

Highest paying industries

Salary by industry Annual Hourly
Other Investment Pools and Funds $132350 $63.63
Securities, Commodity Contracts, and Other Financial Investments and Related Activities $125040 $60.12
Support Activities for Mining $113530 $54.58
Software Publishers $110930 $53.33
Other Information Services $110150 $52.96
Computer and Peripheral Equipment Manufacturing $108920 $52.37
Monetary Authorities-Central Bank $107470 $51.67
Oil and Gas Extraction $107320 $51.60
Petroleum and Coal Products Manufacturing $106590 $51.25
Land Subdivision $106040 $50.98
Pipeline Transportation of Crude Oil $105790 $50.86
Accounting, Tax Preparation, Bookkeeping, and Payroll Services $102390 $49.23
Business, Professional, Labor, Political, and Similar Organizations $101850 $48.97
Insurance and Employee Benefit Funds $101640 $48.86
Other Professional, Scientific, and Technical Services $100130 $48.14
Water, Sewage and Other Systems $100050 $48.10
Natural Gas Distribution $99800 $47.98
Communications Equipment Manufacturing $98200 $47.21
Grantmaking and Giving Services $97090 $46.68
Management, Scientific, and Technical Consulting Services $96900 $46.59
Agencies, Brokerages, and Other Insurance Related Activities $96530 $46.41
Scientific Research and Development Services $96480 $46.38
Telecommunications $96390 $46.34
Other Specialty Trade Contractors $96340 $46.32
Electric Power Generation, Transmission and Distribution $96290 $46.30
Aerospace Product and Parts Manufacturing $96080 $46.19
Highway, Street, and Bridge Construction $95320 $45.83
Computer Systems Design and Related Services $94970 $45.66
Navigational, Measuring, Electromedical, and Control Instruments Manufacturing $94520 $45.44
Management of Companies and Enterprises $94330 $45.35

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