Financial analysts

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Total Workforce

220k

Average Age

38.9

Estimated Job Growth

10.8%

10-year projection

Average Salary

$115,839

Average Male Salary

$135,209

Average Female Salary

$87,838

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 $115,839 in 2016. The top 3 most similar occupations to Financial analysts by wage are Astronomers & physicists, Computer & information systems managers, and Sales engineers.

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, Compliance officers, Cost estimators, Human resources workers, Logisticians, Management analysts, Meeting, convention, & event planners, Fundraisers, Compensation, benefits, & job analysis specialists, Training & development specialists, Market research analysts & marketing specialists, Business operations specialists, all other, Accountants & auditors, Appraisers & assessors of real estate, Budget analysts, Credit analysts, Financial analysts, Personal financial advisors, Insurance underwriters, Financial examiners, Credit counselors & loan officers, Tax examiners & collectors, & revenue agents, Tax preparers, and Other financial specialists

Employment

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 Data processing, hosting & related services. Financial analysts are paid most in San Rafael (South), Mill Valley & Sausalito Cities PUMA, CA but are relatively concentrated in Chelsea, Clinton & Midtown Business District PUMA, NY.

Wages

Yearly Wage

$115,839

AVERAGE SALARY

± $6,131

In 2017, Financial analysts earned an average of $115,839, $63,774 more than than the average national salary of $52,065.

Sales engineers make somewhat more than Financial analysts while Astronomers & physicists make somewhat less. This chart shows the various occupations closest to Financial analysts as measured by average annual salary in the US.

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Wage Distribution

0.413

WAGE GINI

In 2017, Financial analysts had a wage GINI coefficient of 0.413, which is lower than than the national average of 0.479. In other words, wages are distributed more evenly for Financial analysts (shown in red) than for the overall labor force (shown in gray).

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Wage by Location

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

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Spatial Concentration

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

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Industries

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Industries by Share

220k

2017 Workforce

± 11,515

5.65%

1 YEAR GROWTH

± 7.1%

The number of people employed as Financial analysts has been growing at a rate of 5.65%, from 208,509 people in 2016 to 220,287 people in 2017.

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  23.9%, followed by Banking & related activities with 12.4% and Nondepository credit & related activities with 6.61%.

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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 41, and the most common race/ethnicity for Financial analysts is White.

Gender Composition

130k

MALE WORKFORCE

± 8,855

90.1k

FEMALE WORKFORCE

± 7,366

59.1% of Financial analysts are Male, making them the more common gender in the occupation. This chart shows the gender breakdown of Financial analysts.

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Race & Ethnicity

Most Common Race or Ethnicity of Financial analysts

  1. White

  2. Asian

  3. Black

73.7% of Financial analysts are White, making that the most common race or ethnicity in the occupation. Representing 14.4% of Financial analysts, Asian is the second most common race or ethnicity in this occupation. This chart shows the racial and ethnic breakdown of Financial analysts.

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Age by Gender

37.5

AVERAGE MALE AGE

± 0.817

41

AVERAGE FEMALE AGE

± 0.973

The median age of Financial analysts is 38.9, and Male employees are generally 3.55 years younger than than their Female counterparts.

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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 Math & Statistics.

Majors

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

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Skills

Data on the critical and distinctive skills necessary for Financial analysts from the Bureau of Labor Statistics. Financial analysts need many skills, but most especially Critical Thinking, Reading Comprehension, and Mathematics. The revealed comparative advantage (RCA) shows that Financial analysts need more than the average amount of Mathematics, Management of Financial Resources, and Systems Evaluation.

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Growth Projections

Projections on wages and job growth for Financial analysts from the Bureau of Labor Statistics. The ten-year national workforce is projected to grow 7.4%, but Financial analysts are expected to see a growth of 10.8% over the same period. This occupation is expected to grow higher than the national average.

Job Growth

10.8%

ESTIMATED GROWTH

7.4%

NATIONAL AVERAGE

This line chart shows the 10-year projected employment growth (from 2016 to 2026) for Financial analysts. This profession is expected to grow faster than 7.4%, the average rate of national job growth.

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