Financial analysts from the US win around $58,980 per year. Canada comes in a little behind, with C$57,769 ($45,077) per year, while in Australia the financial analyst salary stands at AU$70,920 ($53,493) yearly.
The same professionals living in the UK win about £30,672 ($40,471) every year, while the ones working in Switzerland earn a median yearly salary of CHF 91,230 ($92,123). People with the same job from Norway can expect a pay of NOK771,558 ($93,514) per year. We’ll talk more about this below, as well as the complete list of factors that can determine the junior or senior financial analyst salary.
Financial Analyst Salary Influencers
The information we have gathered here on the financial analyst salary comes from several sources, as follows: Payscale, Glassdoor, SalaryExpert, Chron, and BLS.
1. Industry
When we speak about the salary of financial analyst professionals, we need to expand on the industries they work in. There are noticeable differences from one industry to the other, as far as the annual wage is concerned. The following industries also include high jr and sr financial analyst salary estimates:
- Securities, commodity contracts, and other financial investments and related activities – $96,930
- Professional, scientific, and technical services – $83,620
- Management of companies and enterprises – $80,380
- Credit intermediation and related activities – $77,250
- Insurance carriers and related activities – $74,640
Chron adds that the size of a company also determines the average financial analyst salary for employees. Naturally, the bigger a company is, the greater the corporate financial analyst salary will be. In saying that, midsize companies that have $25 million – $250 million sales, the entry-level financial analyst salary is around $43,000 – $55,000 annually. However, the financial analyst starting salary for employees in large companies (more than $250 million in sales every year) typically earn between $45,000 and $59,000.
Specific employers can also influence the financial analyst salary ones gets, for example:
- Google financial analyst salary – $110,413
- JP Morgan financial analyst salary – $54,000 – $79,000
- Goldman Sachs financial analyst salary – $58,000 – $80,000
2. Geographical Area
| Financial Analyst Salary | US | Canada | UK | Australia | Switzerland | Norway |
| Hourly Wage | $22.39 | C$24.09 ($18.80) | £17.00 ($22.43) | AU$27.00 ($20.36) | CHF44.86 ($45.30) | NOK371 ($44.97) |
| Annual Wage | $58,980 | C$57,769 ($45,077) | £30,672 ($40,471) | AU$70,920 ($53,493) | CHF 91,230 ($92,123) | NOK771,558 ($93,514) |
Financial Analyst Salary in the US
They say that location is everything. Well, this statement perfectly applies to the financial analyst salary in the U.S. Considering that this is a high-paying profession in general, we can count on a satisfying salary for financial analyst almost anywhere in the country. The BLS reports that the financial analyst salary NYC employees get is the greatest in the country, of $122,170. The runner-ups are:
- Vermont financial analyst salary – $109,660
- Financial reporting analyst salary in California – $107,010
- Colorado financial analyst II salary – $106,240
- Salary financial analyst gets in Massachusetts – $105,130
- Alaska financial analyst salary – $103,020
The senior or junior financial analyst salary shouldn’t be the only aspect one considers when selecting a state to send their financial analyst resume to. Always keep in mind the employment rate as well. On this note, the states with the most job opportunities for financial analysts are New York, California, Texas, Massachusetts and Illinois.
Also be aware of the states with low financial analyst salary:
- Nevada – $69,010
- Arkansas – $68,230
- Hawaii – $68,050
- South Carolina – $67,450
- West Virginia – $59,260
Financial Analyst Salary by State
| State | Annual mean wage ($) |
|---|---|
| Alabama | 89420 |
| Alaska | 103020 |
| Arizona | 72570 |
| Arkansas | 68230 |
| California | 107010 |
| Colorado | 106240 |
| Connecticut | 100250 |
| Delaware | 85550 |
| District of Columbia | 99890 |
| Florida | 77010 |
| Georgia | 78700 |
| Hawaii | 68050 |
| Idaho | 74230 |
| Illinois | 96000 |
| Indiana | 72400 |
| Iowa | 78390 |
| Kansas | 82930 |
| Kentucky | 76210 |
| Louisiana | 83060 |
| Maine | 72250 |
| Maryland | 94760 |
| Massachusetts | 105130 |
| Michigan | 78910 |
| Minnesota | 86330 |
| Mississippi | 69560 |
| Missouri | 84590 |
| Montana | 86780 |
| Nebraska | 72820 |
| Nevada | 69010 |
| New Hampshire | 69370 |
| New Jersey | 94340 |
| New Mexico | 76620 |
| New York | 122170 |
| North Carolina | 88200 |
| North Dakota | 74230 |
| Ohio | 76070 |
| Oklahoma | 76040 |
| Oregon | 94210 |
| Pennsylvania | 81960 |
| Puerto Rico | 60340 |
| Rhode Island | 75040 |
| South Carolina | 67450 |
| South Dakota | 75080 |
| Tennessee | 76020 |
| Texas | 94410 |
| Utah | 77570 |
| Vermont | 109660 |
| Virgin Islands | 61060 |
| Virginia | 93840 |
| Washington | 78530 |
| West Virginia | 59260 |
| Wisconsin | 77430 |
| Wyoming | 87270 |
Financial Analyst Salary in Canada
Financial analysts professionals from Canada make between C$41,544 and C$74,732 every year, while the hourly rate ranges between C$16.11 and C$37.75. Together with bonuses, overtime and profit sharing that can reach as much as C$6,128 the total pay increases to C$41,512 – C$78,616 per year.
Financial Analyst Salary in the UK
The median annual salary for this job in the United Kingdom is £30,672. While the hourly pay is at £17.00. With bonuses of £192.71 to £8,325 and profit sharing of up to £4,659 they can reach a total pay of £21,417 to £53,213 per year.
Financial Analyst Salary in Australia
Same professionals from Australia earn between AU$49,578 and AU$98,216 per year. While the pay per hour is AU$27.00. And with a yearly bonus of up to AU$16,107, financial analysts can make as much as AU$49,872 to AU$101,080 per year.
Financial Analyst Salary in Switzerland
Swiss financial analysts make CHF 91,230 per year, while the total annual pay after bonuses of between CHF 1,067 and CHF 20,781 can count as much as CHF 47,344 to CHF 128,820.
Financial Analyst Salary in Norway
Norwegian financial analysts earn a median salary of NOK771,558 per year, while the hourly rate stands at NOK371. The average yearly bonus being NOK32,334 per year.
3. Experience
Most professionals start with the financial analyst entry level salary and increase as they gain experience in the field. Payscale reports the following salary ranges for financial analysts from the US. The entry-level employee wins $57,000 per year, while a senior financial analyst makes $70,000 per year after 10-20 years on the job, the salary keeps rising as the years pass by seeing a rise to $73,000 after 20 years in the field.
There is a similar trend in pay for those working in Canada, although the rise is a bit higher each year. They start at C$55,000 per year to make C$64,000 after 5-10 years, to C$68,000 after 10-20 years. In late career growing as much as C$74,000 per year.
There is a similar growth in Australia as well. The beginner’s salary starts at AU$68,000 per year. Then it gradually rises to AU$82,000 after 5-10 years, then to AU$88,000. Finally, for experienced professionals with more than 20 years on the job, it reaches AU$106,000 each year.
The salary for a financial analyst from the UK fluctuates beginning from ₤30,000 per year, growing to ₤39,000 after 5-10 years. Then lowering to ₤38,000 after 10 more years on the job. However, after a career of more than 20 years on the job it grows to ₤50,000 per year, and more.
In Norway, the entry-level financial analyst makes NOK544,039 yearly, while the senior level salary stands at NOK956,975 per year.0
Working Hours
The majority of financial analysts work full time, and occasionally over time. Their working environment is usually an office, but the financial analyst job description might involve traveling to meet with clients. Their offices are usually in financial institutions.
Bonuses & Benefit Packages
Not only is the annual financial analyst salary one of the best perks of the job, but so are the benefits. A great 87% of employees enjoy medical benefits, while 79% have dental insurance and 69% get vision coverage. A financial analyst can also receive an annual bonus of $492.21 to $10,237, based on performance and other factors.
The bonus for a UK financial analyst can be between £192.71 and £8,325 per year. Also, 53% of these professionals get medical insurance, while dental coverage get only 18% of them, and vision coverage barely 16%. In Canada, the yearly bonus can be as much as C$9,733, with high percents in medical insurance, 88% general medical coverage, 83% for dental and 68% for vision.
Same professionals from Australia get bonuses as high as AU$16,107 per year, while medical insurance is minimal. They register a 15% for general medical coverage, and 7% for both dental and vision insurances. Things look better in Switzerland, where they get an annual bonus between CHF 1,067 and CHF 20,781, while 37% of them get medical insurance. With 10% getting dental, respectively 9% getting vision coverage.
Job Outlook
One of the best pieces of news for financial analysts is that their job outlook is more than delightful. While the national estimate for all occupations in the U.S. economy is a 7% increase in jobs, financial analysts are expected to have 11% more opportunities until 2026.
This means that one has higher chances of getting hired as a financial analyst if they are preparing for a career in this field or if they’re planning on going to interviews in the near future. This makes financial analyst jobs quite sought-after, especially owing to the great number of employment opportunities in the next few years.
Conclusion
All in all, the financial analyst salary is more than enough to get candidates excited about this position. Even though it is a challenging profession that will most likely require working late hours on some days, the benefits are more than rewarding. For a job in the same field, you can also look at the financial advisor salary.
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