Financial analysts

Detailed Occupation

Add Comparison

2023 Workforce

330k

Average Age

38.8

Estimated Job Growth

9.53%

10-year projection

Average Salary

$135,643

Average Male Salary

$157,258

Average Female Salary

$106,603

About

Financial analysts are most often employed by the Securities, commodities, funds, trusts & other financial investments industry. The average yearly wage for Financial analysts was $135,643 in 2023.

The locations that employ the most Financial analysts are NYC-Manhattan Community Districts 5 & 6--Midtown, East Midtown, & Flatiron PUMA, NY, NYC-Manhattan Community Districts 1 & 2--Financial District & Greenwich Village PUMA, NY, and NYC-Manhattan Community District 4--Chelsea & Hell's Kitchen PUMA, NY. The locations with a relatively high concentration of Financial analysts are NYC-Manhattan Community Districts 5 & 6--Midtown, East Midtown, & Flatiron PUMA, NY, NYC-Manhattan Community Districts 1 & 2--Financial District & Greenwich Village PUMA, NY, and NYC-Manhattan Community District 4--Chelsea & Hell's Kitchen PUMA, NY.

Photo by Scott Beale

Management, business, & financial occupations Management, business, science, & arts occupations Business & financial operations occupations

Employment and salary information for the Financial analysts workforce. Financial analysts workforce in 2023 was 329,726 people, of which 42.7% were women and 57.3% were men. Financial analysts are paid most in Suffolk County (East) PUMA, NY but are relatively concentrated in NYC-Manhattan Community Districts 5 & 6--Midtown, East Midtown, & Flatiron PUMA, NY.

Employment Over Time

Metric

Grouping

189,031

Male Workforce

± 10.7k

140,695

Female Workforce

± 9.2k

The Financial analysts workforce in 2023 was 329,726 people (42.7% women and 57.3% men). This implies an average annual growth of 244% between 2014 (95,942) and 2023 (329,726).

Employment by Location

Level

Metric

This map shows the states in the United States shaded by average wage for Financial analysts.

During 2023, the states that concentrated the best average annual wage were Connecticut ($225,838), New York ($222,007), and New Jersey ($177,552).

Yearly Wage Ranking

$135,643

AVERAGE WAGE

#23 in the ranking (2023)

$67,727

NATIONAL AVERAGE WAGE

For all occupations across the US

In 2023, Financial analysts earned an average of $135,643, $67,916 more than the average national salary of $67,727

Wage Distribution

Gender

0.41

WAGE GINI

In 2023, Financial analysts had a wage GINI coefficient of 0.41, which is lower than the national average of 0.476. In other words, wages are distributed more evenly for Financial analysts (shown in red) than for the overall labor force (shown in gray).

The graphic shows the distribution of average salaries by buckets for Financial analysts compared to the entire workforce in the country.

Industry

Information on the industries that employ Financial analysts and on wages for those in the field. Securities, commodities, funds, trusts & other financial investments is the industry that employs the most Financial analysts, both by share and by number, though the highest paid industry for Financial analysts, by average wage, is Securities, commodities, funds, trusts & other financial investments ($209,536).

Occupations by Industries

Metric

Value

330k

2023 Workforce

± 14,083

9.56%

1 YEAR GROWTH

± 5.64%

This graphic shows the share of Financial analysts employed by various industries. Securities, commodities, funds, trusts & other financial investments employs the largest share of Financial analysts at 48.4%, followed by uninformed with 28.7% and Nondepository credit & related activities with 15.1%.

Diversity

Demographic information on Financial analysts in the US. The workforce of Financial analysts in 2023 was 329,726 people, with 42.7% woman, and 57.3% men. The average age of male Financial analysts in the workforce is 37.6 and of female Financial analysts is 40.5, and the most common race/ethnicity for Financial analysts is White.

Gender and Age

Metric

The workforce of Financial analysts in 2023 was 329,726 people, with 42.7% woman, and 57.3% men.

The age ranges that concentrated the largest workforce were 25 to 29 years (63,968 people), 30 to 34 years (54,346 people), and 35 to 39 years (44,433 people). Among them they concentrated 49.4% of the total workforce.

Ethnicity

Gender

In 2023, 10.5% of Financial analysts workers were Hispanic and 89.5% non-Hispanic.

The treemap shows the distribution of Hispanic workers according to their origin, highlighting Mexican (44.3%), Puerto Rican (15)%, and All Other Spanish/Hispanic/Latino (5.92)%

You can review this information by gender using the selectors above.

Races

In 2023, 65.9% of the Financial analysts workforce were White, of which 38.3% were women and 61.7% men. Other races that concentrated a significant number of workers were Asian (14.8%) and Two or More Races (8.15%).

Education & Skills

Data on higher education choices for Financial analysts from The Department of Education and Census Bureau. The most common major for Financial analysts is Business but the most specialized major according to RCA in 2023 were Business.

Majors

ACS PUMS data only shows the major for bachelor's degrees. However, we can filter the data based on highest degree obtained.

Type of Majors

Degree

The most common majors achieved by Financial analysts in 2023 (counting all academic degrees) were Business (165,944 people), Social Sciences (39,370 people), and Engineering (13,982 people).

You can review this information for different academic grades by modifying the option selected in the selector above.

Education Levels

Metric

The main educational levels achieved by the Financial analysts workers were Bachelors Degree (180,958 people), Graduate Degree (110,631 people), and Some college (18,182 people).

The graphic shows the Financial analysts workforce by gender and educational level.

Projections

Projections on job growth for Financial and Investment Analysts from the Bureau of Labor Statistics. The 10-year national workforce is projected to grow 4.02%, but Financial and Investment Analysts are expected to see a growth of 9.53% over the same period. This occupation is expected to grow more than the national average.

Job Growth

For growth projections, the closest comparible industry reported by the Bureau of Labor Statistics is Financial and Investment Analysts.

9.53%

Estimated Job Growth

10-year Projection

4.02%

National Growth

10-year Projection

This line chart shows the projected 10-year growth in the number of jobs for Financial analysts. This profession is expected to grow more than than 4.02%, the average rate of national job growth.