A Financial Analyst salary in the United States is about $126,000 USD which ranges from $67,000 to $190,000 USD. In this article, we would be going in-depth on everything you need to know about the salary of a Financial Analyst.
One thing to know is that these salaries are based on experience, skills, and location. And these factors are what we would be looking into. So without any further delay, let’s get to it.
- Financial Analyst’s Salary Ranges
- Financial Analyst Salary based on experience
- Financial Analyst Salary’s based on location
- Financial Analyst Salary based on Education
- Financial Analyst Salary’s based on Gender
- Other Related fields
- Financial Analyst Average hourly pay in the USA
Financial Analyst Salary Ranges
As stated above, a financial analyst’s salary can range from $66,600 USD per year to $191,000 USD per year. The median salary represents the middle salary value which is about $118,000 USD per year.
This means about half (50%) of professionals in the field are earning less than $118,000 USD while the other half are earning more than $118,000 USD.
To be more specific, according to statistics, about 25% of Financial Analyst is earning less than $83,200 USD while 75% of them are earning more than $83,200 USD.
Financial Analyst Salary based on experience
In this segment, we would be looking at how experience and age affect your salary as a financial analyst.
Based on past job postings and company requirements, experience is one of the major deciding factors when it comes to salary. The more years of experience you have the higher your pay.
When we broke down the pay of a financial analyst, this is what we found. A financial analyst with less than 2 years of experience makes about $76,000 USD per year.
And also, a financial analyst with 2 to 5 years of experience is paid the sum of $94,000 per year which is 23% more than someone with less than 2 years of experience.
Someone with 5 to 10 years of experience in the field can expect a pay of about $133,000 USD per year which is 42% more than the previous one.
If a financial analyst is found with 10 to 15 years of experience, they can expect to be paid around $156,000 USD, 17% more than the previous one.
And lastly, Financial Analyst with 15+ years can expect to be paid about $181,000 USD per year. The analyst has shown before you indicate that the more years of experience, the higher your salary would be.
Financial Analyst Salary based on location
Below are some of the salaries for financial analysts based in cities in the United States.
Based on Education
Higher education equals a bigger salary compared to someone with low education. Below is the breakdown of the average salary for a financial analyst by education level.
For a high school education level, the average salary for a financial analyst is 92,800, while for someone with a certificate or diploma, the average salary is about $105,000 per year.
A bachelor’s degree holder can be expected to be paid an average salary of $181,000 per year which is 32% more than a degree holder.
So when getting a higher degree while studying, a salary review would be done once you finish and the degree has been attained.
Financial Analyst Salary based on Gender
There is an arguable defense that gender does not affect salary pay, but the fact remains it does. So the question now is who gets paid more?
Male Financial Analyst in the United States earns 6% more than their female counterparts.
Male financial analyst salary is about $129,000 USD while females earn about $122,000 USD.
Other Related fields
|Job Title||Average Salary|
|Capital Markets Associate||$107,000|
|Finance Relationship Manager||$157,000|
Financial Analyst Average hourly pay in the USA
Hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: Salaried jobs and hourly jobs. Salaried jobs pay a fixed amount no matter the hours worked. Hourly jobs pay per worked hour.
The more hours you work the more finance you earn. To calculate the hourly pay for a financial analyst, we make use of the 5 working days in a week and 8 hours per day which is the standard for most companies.
The average hourly wage (per hour) in the United States is $60 USD. This means a financial analyst earns an average of $60 every hour in the United States.