Introduction
A person working as a Financial Analyst in United States typically earns around 126,000 USD per year. Salaries range from 66,600 USD (lowest) to 191,000 USD (highest). In this article we have mentioned about Financial Analyst Salary in the United States, their average salary, state-based salary, entry level salary and many more.
This is the average yearly salary including housing, transport, and other benefits. Financial Analyst salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Financial Analyst Salary in the United States is approximately averaged around $71,418 annually as of 2022
Financial Analyst Average salary
$71,418
The average salary for a financial analyst is $71,418 per year in the United States. 7.7k salaries reported, updated at July 29, 2022.
Average Hourly Wage in United States
$ 60 USD per hour
The average hourly wage (pay per hour) in United States is 60 USD. This means that the average Financial Analyst in United States earns approximately 60 USD for every worked hour.
Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )
The 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 fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard.
How Much Does a Financial Analyst Make?
Financial Analysts made a median salary of $83,660 in 2020. The best-paid 25 percent made $112,460 that year, while the lowest-paid 25 percent made $63,670.
The median, the maximum, the minimum, and the range
- Salary Range
Financial Analyst salaries in United States range from 66,600 USD per year (minimum salary) to 191,000 USD per year (maximum salary).
- Median Salary
The median salary is 118,000 USD per year, which means that half (50%) of people working as Financial Analyst(s) are earning less than 118,000 USD while the other half are earning more than 118,000 USD. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.
- Percentiles
Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Financial Analyst(s) are earning less than 83,200 USD while 75% of them are earning more than 83,200 USD. Also from the diagram, 75% of Financial Analyst(s) are earning less than 145,000 USD while 25% are earning more than 145,000 USD.
How much tax will you have to pay as a Financial Analyst?
For an individual filer in this tax bracket, you would have an estimated average federal tax in 2018 of 24%. After a federal tax rate of 24% has been taken out, Financial Analysts could expect to have a take-home pay of $71,047/year, with each paycheck equaling approximately $2,960
Salaries by years of experience in the United States
A Financial Analyst with less than two years of experience makes approximately 76,600 USD per year.
While someone with an experience level between two and five years is expected to earn 94,000 USD per year, 23% more than someone with less than two year’s experience.
Moving forward, an experience level between five and ten years lands a salary of 133,000 USD per year, 42% more than someone with two to five years of experience.
Additionally, Financial Analyst(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 156,000 USD per year, 17% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 171,000 USD per year, 10% more than someone with ten to fifteen years of experience. Lastly, employees with more than twenty years of professional experience get a salary of 181,000 USD per year, 6% more than people with fifteen to twenty years of experience.
Salary Comparison By Education
When the education level is High School, the average salary of a Financial Analyst is 92,800 USD per year.
While someone with a Certificate or Diploma gets a salary of 105,000 USD per year, 13% more than someone having a High School degree.
A Bachelor’s Degree gets its holder an average salary of 138,000 USD per year, 31% more than someone with a Certificate or Diploma.
Financial Analyst Salary in the United States is approximately averaged around $71,418 annually as of 2022
Professionals who hold a Master’s Degree are rewarded with an average salary of 181,000 USD per year, 32% more than someone with Bachelor’s Degree.
Salary Outlook For Financial Analyst
Salary Comparison By Gender
Male Financial Analyst employees in United States earn 6% more than their female counterparts on average.
Top companies for Financial Analysts
Highest paying cities for Financial Analysts
Average Financial Analyst Pay vs. Other Best Jobs
Financial Analysts earned an average salary of $96,630 in 2020. Comparable jobs earned the following average salary in 2020: Marketing Managers made $154,470, Sales Managers made $147,580, Financial Advisors made $122,490, and Insurance Sales Agents made $69,100.
Bonus and Incentive Rates in United States
A Financial Analyst is considered to be a moderate bonus-based job due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.
46% of surveyed staff reported that they haven’t received any bonuses or incentives in the previous year while 54% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 3% to 5% of their annual salary.
Recent user submitted salaries
Best-paid skills and qualifications for Financial Analysts
Strategic Planning Earn +86.90% more
The jobs requiring this skill have decrease by 26.32% since 2018. Financial Analysts with this skill earn +86.90% more than the average base salary, which is $71,418 per year.
FAQ’s About Financial Analyst Salary in the United States
How much does a Financial Analyst in the United States make?
The national average salary for a Financial Analyst is $73,725 per year in the United States. Filter by location to see a Financial Analyst salaries in your area. Salaries estimates are based on 37594 salaries submitted anonymously by a Financial Analyst employee.
What is the highest salary for a Financial Analyst in the United States?
The highest salary for a Financial Analyst in United States is $1,07,372 per year.
What is the lowest salary for a Financial Analyst in the United States?
The lowest salary for a Financial Analyst in United States is $50,622 per year.
Conclusion
Financial Analyst Salary in the United States are likely to observe a salary increase of approximately 12% every 16 months. The national average annual increment for all professions combined is 8% granted to employees every 16 months.
Financial Analyst Salary in the United States is approximately averaged around $71,418 annually as of 2022
0 Comments