Financial analysts

Detailed Occupation

Add Comparison

2020 Workforce

246k

Average Age

38.7

Estimated Job Growth

6.16%

10-year projection

Average Salary

$119,139

Average Male Salary

$137,554

Average Female Salary

$92,682

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 $119,139 in 2016. The top 3 most similar occupations to Financial analysts by wage are Software developers, Nuclear medicine technologists and medical dosimetrists, and Optometrists.

Financial analysts are part of the Business & financial operations occupations, along with Agents & business managers of artists, performers, & athletes, Buyers & purchasing agents, farm products, Wholesale & retail buyers, except farm products, Purchasing agents, except wholesale, retail, & farm products, Claims adjusters, appraisers, examiners, & investigators, and 24 more.

The top 3 locations that employ the most Financial analysts are Chelsea, Clinton & Midtown Business District PUMA, NY, Murray Hill, Gramercy & Stuyvesant Town PUMA, NY, and Battery Park City, Greenwich Village & Soho PUMA, NY. The top 3 locations with a relatively high concentration of Financial analysts are Murray Hill, Gramercy & Stuyvesant Town PUMA, NY, Chelsea, Clinton & Midtown Business District PUMA, NY, and Battery Park City, Greenwich Village & Soho PUMA, NY.

Photo by Scott Beale

Information on the businesses and industries that employ Financial analysts and on wages and locations 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 Agricultural chemical manufacturing. Financial analysts are paid most in Westchester County (Northwest) PUMA, NY but are relatively concentrated in Murray Hill, Gramercy & Stuyvesant Town PUMA, NY.

Yearly Wage

$119,139

AVERAGE SALARY

± $6,174

In 2020, Financial analysts earned an average of $119,139, $63,185 more than than the average national salary of $55,954.

Software developers make somewhat more than Financial analysts while Nuclear medicine technologists and medical dosimetrists make somewhat less. This chart shows the various occupations closest to Financial analysts as measured by average annual salary in the US.

Wage Distribution

0.427

WAGE GINI

In 2015, Financial analysts had a wage GINI coefficient of 0.427, which is lower than than the national average of 0.478. In other words, wages are distributed more evenly for Financial analysts (shown in red) than for the overall labor force (shown in gray).

Wage by Location

HIGHEST PAYING PUMAS

This map shows the Public Use Microdata Areas (PUMAs) in the United States shaded by average annual wage for Financial analysts.

Spatial Concentration

PUMAs with a Relatively High Concentration of Financial analysts

This map displays which Public Use Microdata Areas (PUMAs) in the United States have a relatively high population of Financial analysts.

Most Common

The most common industries employing Financial analysts, by number of employees, are Securities, commodities, funds, trusts & other financial investments, Banking & related activities, Nondepository credit & related activities, Insurance carriers, Computer Systems Design, General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals, Lessors of real estate, and offices of real estate agents and brokers, Aircraft & parts manufacturing, National security & international affairs, Colleges, universities & professional schools, including junior colleges, and Management, scientific & technical consulting services.

Highest Paying

The highest paying industries for Financial analysts, by average wage, are Agricultural chemical manufacturing, Glass & glass product manufacturing, and Oil & gas extraction.

Industries by Share

246k

2020 Workforce

± 12,163

8.03%

1 YEAR GROWTH

± 6.61%

The number of people employed as Financial analysts has been growing at a rate of 8.03%, from 227,552 people in 2019 to 245,828 people in 2020.

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 23.6%, followed by Banking & related activities with 10.2% and Nondepository credit & related activities with 6.95%.

Diversity

Demographic information on Financial analysts in the US. The average age of male Financial analysts in the workforce is 37.5 and of female Financial analysts is 40.4, and the most common race/ethnicity for Financial analysts is White (Non-Hispanic).

Composition by Sex

145k

MALE WORKFORCE

± 9,343

101k

FEMALE WORKFORCE

± 7,795

59% of Financial analysts are Male, making them the more common sex in the occupation. This chart shows the sex breakdown of Financial analysts.

Race & Ethnicity

Most Common Race or Ethnicity of Financial analysts

White (Non-Hispanic)
Asian (Non-Hispanic)
Black (Non-Hispanic)

66.2% of Financial analysts are White (Non-Hispanic), making that the most common race or ethnicity in the occupation. Representing 14.3% of Financial analysts, Asian (Non-Hispanic) is the second most common race or ethnicity in this occupation. This chart shows the racial and ethnic breakdown of Financial analysts.

Age by Sex

37.5

AVERAGE MALE AGE

± 0.772

40.4

AVERAGE FEMALE AGE

± 0.925

The median age of Financial analysts is 38.7, and Male employees are generally 2.92 years younger than than their Female counterparts.

Education

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 a relatively high number of Financial analysts hold a major in Business.

Majors

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

MOST COMMON MAJORS

MOST SPECIALIZED MAJORS

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 3.71%, but Financial and Investment Analysts are expected to see a growth of 6.16% 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.

6.16%

Estimated Job Growth

10-year Projection

3.71%

National Growth

10-year Projection

This line chart shows the projected 10-year growth in the number of jobs for Financial and Investment Analysts. This profession is expected to grow more than than 3.71%, the average rate of national job growth.