Financial analysts | Data USA (2024)

Financial analysts

Detailed Occupation

Financial analysts | Data USA (1)Add Comparison

2021 Workforce

273k

Average Age

38.9

Estimated Job Growth

6.16%

10-year projection

Average Salary

$124,722

Average Male Salary

$143,711

Average Female Salary

$97,875

About

Financial analysts are most often employed by the industry. The average yearly wage for Financial analysts was $124,722 in 2021.

The locations that employ the most Financial analysts are , , and . The locations with a relatively high concentration of Financial analysts are , , and .

Employment

Employment and salary information for the Financial analysts workforce. Financial analysts workforce in 2021 was 273,293 people, of which 41.4% were women and 58.6% were men. Financial analysts are paid most in but are relatively concentrated in .

Employment Over Time

Metric

Grouping

160,074

Male Workforce

± 9.82k

113,219

Female Workforce

± 8.26k

The Financial analysts workforce in 2021 was 273,293 people (41.4% women and 58.6% men). This implies an average annual growth of 186% between 2014 (95,598) and 2021 (273,293).

Employment by Location

Level

Metric

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

During 2021, the states that concentrated the best average annual wage were Connecticut ($213,620), New York ($195,397), and New Jersey ($161,370).

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Yearly Wage Ranking

$124,722

AVERAGE WAGE

#20 in the ranking (2021)

$59,596

NATIONAL AVERAGE WAGE

For all occupations across the US

In 2021, Financial analysts earned an average of $124,722, $65,127 more than the average national salary of $59,596

The graph shows the ranking of Financial analysts in relation to all Detailed Occupation in 2021.

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Wage Distribution

Gender

0.413

WAGE GINI

In 2021, Financial analysts had a wage GINI coefficient of 0.413, which is lower 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).

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

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Industry

Information on the industries that employ Financial analysts and on wages for those in the field. 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 ($251,971).

Occupations by Industries

Metric

Value

11.2%

1 YEAR GROWTH

± 6.13%

This graphic shows the share of Financial analysts employed by various industries. employs the largest share of Financial analysts at 58.8%, followed by with 24% and with 17.3%.

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Diversity

Demographic information on Financial analysts in the US. The workforce of Financial analysts in 2021 was 273,293 people, with 41.4% woman, and 58.6% men. The average age of male Financial analysts in the workforce is 37.6 and of female Financial analysts is 40.6, and the most common race/ethnicity for Financial analysts is White.

Gender and Age

Metric

The workforce of Financial analysts in 2021 was 273,293 people, with 41.4% woman, and 58.6% men.

The age ranges that concentrated the largest workforce were 25 to 29 years (53,014 people), 30 to 34 years (45,497 people), and 35 to 39 years (37,415 people). Among them they concentrated 49.8% of the total workforce.

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Ethnicity

Gender

In 2021, 8.92% of Financial analysts workers were Hispanic and 91.1% non-Hispanic.

The treemap shows the distribution of Hispanic workers according to their origin, highlighting Mexican (72.5%), Puerto Rican (17.2)%, and All Other Spanish/Hispanic/Latino (10.3)%

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

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Races

In 2021, 69.4% of the Financial analysts workforce were White, of which 37.7% were women and 62.3% men. Other races that concentrated a significant number of workers were Asian (14.7%) and Black (7.7%).

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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 2021 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 2021 (counting all academic degrees) were Business (137,783 people), Social Sciences (33,061 people), and Engineering (12,356 people).

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

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Education Levels

Metric

The main educational levels achieved by the Financial analysts workers were Bachelors Degree (148,099 people), Graduate Degree (93,399 people), and Some college (15,661 people).

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

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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 analysts. This profession is expected to grow more than than 3.71%, the average rate of national job growth.

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Financial analysts | Data USA (2024)

FAQs

How to pass a financial analyst interview? ›

How to prepare for a financial analyst interview
  1. Review the job description. ...
  2. Research the company. ...
  3. Review key concepts. ...
  4. Prepare for challenging interview questions. ...
  5. Consider your response to simple interview questions. ...
  6. Make a list of questions to ask.
Jan 26, 2023

How many financial analysts are there in the US? ›

There are approximately 329,500 financial analysts employed in the United States, including quantitative analysts. They are employed in the public and private sectors. They work for banks, financial institutions, brokerage and securities firms, government agencies, corporations, and insurance companies.

Why should we hire you answer for financial analyst? ›

An answer to this question might look like this: “I prefer working in teams. In my previous job, I worked closely with a colleague to put together a business model for a client. They asked us to build a predictive financial model to outline where their business could be three years down the road.

Is financial analyst a good career in USA? ›

Financial Analyst Salary and Job Outlook

According to the U.S. Bureau of Labor & Statistics, the median pay in 2021 for Financial Analysts was $96,000. Financial analytics is ranked as the 13th best business job currently available.

What is a good answer for what is your weakness? ›

Answer “what is your greatest weakness” by choosing a skill that is not essential to the job you're applying to and by stressing exactly how you're practically addressing your weakness. Some skills that you can use as weaknesses include impatience, multitasking, self-criticism, and procrastination.

How to crack a FP&A interview? ›

FP&A Interview Questions, with Answers:
  1. Walk me through the three financial statements. ...
  2. How does an inventory write-down affect the three statements? ...
  3. How do you record PP&E and why is this important? ...
  4. If you were CFO of our company, what would keep you up at night? ...
  5. What does it take to be a great FP&A analyst?

How to answer tell me about yourself for financial analyst? ›

Tell Me About Yourself Answer For: Financial Analyst

A detail-oriented financial analyst, I specialise in budgeting, forecasting, and financial modeling. Over the past 12 years, I've successfully analysed financial data, identified trends, and provided insights that have informed strategic decision-making.

Why should we hire you 5 best answers? ›

“I should be hired for this role because of my relevant skills, experience, and passion for the industry. I've researched the company and can add value to its growth. My positive attitude, work ethics, and long-term goals align with the job requirements, making me a committed and valuable asset to the company.”

What are the strengths of a financial analyst? ›

Requirements: Strong analytical and problem-solving skills with attention to detail. Experience in financial modeling, forecasting, and data analysis. Proficiency in financial software such as Excel, Bloomberg, and other data management tools.

How much is a Financial Analyst paid in USA? ›

The average financial analyst salary in the USA is $80,000 per year or $38.46 per hour. Entry level positions start at $64,999 per year while most experienced workers make up to $106,463 per year.

Who pays most to a Financial Analyst? ›

Top Paying Companies
1X$220,541
2Google$213,284
3NVIDIA$196,036
4Meta$195,344
5Apple$187,813
5 more rows

Do financial analysts make 6 figures? ›

In states like California and New York, the cost of living and the concentration of wealth can lead to higher earnings. For example, six figures are more commonly seen in these competitive markets, driven by both the scale of the business and the affluent clientele.

How should I prepare for a finance interview? ›

Six expert tips for your next finance interview
  1. Get to the point. ...
  2. Know your finances. ...
  3. Make yourself the added value. ...
  4. Talk confidently about the industry. ...
  5. Engage with the interviewer. ...
  6. Keep learning.

What is your greatest weakness as a financial analyst? ›

5 weaknesses to mention in an interview
  1. Lack of self-confidence. A lack of self-confidence can make you hesitate to make important decisions. ...
  2. Being sensitive. ...
  3. Dislike for working under pressure. ...
  4. Lack of experience. ...
  5. Dislike for repetitive tasks.
Jan 26, 2023

How do you nail an analyst interview? ›

Let's go over the five steps to acing the interview.
  1. Research the Company. One of the biggest and most common mistakes interviewees make is not doing their research. ...
  2. Know the Job Posting. ...
  3. Brush Up on Your Knowledge. ...
  4. Study Common Interview Questions. ...
  5. Prepare Your Questions.

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