Financial analysts | Data USA (2024)

FAQs

How many financial analysts are there in the USA? ›

Employment and salary information for the Financial analysts workforce. Financial analysts workforce in 2022 was 300,586 people, of which 41.3% were women and 58.7% were men.

The average financial analyst salary in the USA is $82,488 per year or $39.66 per hour. Entry level positions start at $65,043 per year while most experienced workers make up to $110,000 per year.

They Earn a Competitive Salary

Even though Financial Analysts work long hours and sometimes must handle a lot of stress in the workplace, these professionals are well-compensated for their efforts. In 2021, the average salary in the U.S. for a Financial Analyst was $96,000.

There were over 373,000 available Financial Analyst positions in 2021. The unemployment was 4.1% for Financial Analysts in 2021. In the decade from 2021-2031, financial analytics is projected to experience a 9% growth rate. This is above the national average.

According to the Bureau of Labor Statistics (BLS), on average, financial analysts earn around $112,950 annually, but this figure ranges from $76,880 to $129,970. Besides the base salary, they also may receive a sign-on bonus, earn an annual performance bonus, and secure an equity package.

The field is also growing at a steady pace. The BLS projects employment for financial and investment analysts to grow by 8% from 2022 to 2032, which is faster than the average projected growth for all jobs. This amounts to about 29,000 new financial analyst jobs by 2032.

Controlling Stress in a High-Pressure Environment

The financial market's unpredictable nature can generate significant stress for Analysts.

Getting your MBA in finance can certainly help you secure a career as a financial analyst – but it's not necessarily required. What matters most is having a good foundation in finance, problem-solving, analytical skills, industry tools, and market knowledge.

Are financial analysts wealthy? ›

In general, financial analysts are well paid which can lead to them becoming rich. The average salary for a financial analyst in 2023 (the latest data available) was $99,890.

Required Skills and Education

A bachelor's degree—preferably with a major in economics, finance, or statistics—has become a de facto requirement for becoming a financial analyst. Other majors that are looked upon favorably include accounting and math.

There are over 298,552 finance analysts currently employed in the United States. 43.8% of all finance analysts are women, while 56.2% are men. The average finance analyst age is 39 years old.

Financial Advisors in the U.S. Overview. Financial advisors are professionals who help clients manage their finances. According to the latest U.S. Bureau of Labor Statistics (BLS) data, there are around 330,300 financial advisors employed in the country.

United States (59K)

In this highly competitive job market, a master's degree gives an applicant a boost. A successful career as a financial analyst requires strong quantitative skills, expert problem-solving abilities, adeptness in logic, and above-average communication skills.