Financial analysts

Detailed Occupation

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2022 Workforce

301k

Average Age

38.9

Estimated Job Growth

7.63%

10-year projection

Average Salary

$132,960

Average Male Salary

$152,865

Average Female Salary

$104,687

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 $132,960 in 2022.

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 District 4--Chelsea & Hell's Kitchen PUMA, NY, NYC-Manhattan Community Districts 5 & 6--Midtown, East Midtown, & Flatiron PUMA, NY, and NYC-Manhattan Community Districts 1 & 2--Financial District & Greenwich Village PUMA, NY.

Photo by Scott Beale

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

Employment

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. Financial analysts are paid most in San Mateo County (Southeast)--Menlo Park, East Palo Alto Cities & Atherton Town PUMA, CA but are relatively concentrated in NYC-Manhattan Community District 4--Chelsea & Hell's Kitchen PUMA, NY.

Employment Over Time

Metric

Grouping

176,399

Male Workforce

± 10.3k

124,187

Female Workforce

± 8.65k

The Financial analysts workforce in 2022 was 300,586 people (41.3% women and 58.7% men). This implies an average annual growth of 213% between 2014 (95,942) and 2022 (300,586).

Employment by Location

Level

Metric

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

During 2022, the states that concentrated the best average annual wage were Connecticut ($233,373), New York ($211,238), and New Jersey ($173,958).

Yearly Wage Ranking

$132,960

AVERAGE WAGE

#21 in the ranking (2022)

$64,683

NATIONAL AVERAGE WAGE

For all occupations across the US

In 2022, Financial analysts earned an average of $132,960, $68,278 more than the average national salary of $64,683

The graph shows the ranking of Financial analysts in relation to all Detailed Occupation in 2022.

In 2022, Financial analysts had a wage GINI coefficient of 0.415, 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.

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 Oil & gas extraction ($215,535).

Occupations by Industries

Metric

Value

301k

2022 Workforce

± 13,447

9.35%

1 YEAR GROWTH

± 5.92%

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 59.6%, followed by Banking & related activities with 22.3% and Nondepository credit & related activities with 18.1%.

Diversity

Demographic information on Financial analysts in the US. The workforce of Financial analysts in 2022 was 300,586 people, with 41.3% woman, and 58.7% 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 2022 was 300,586 people, with 41.3% woman, and 58.7% men.

The age ranges that concentrated the largest workforce were 25 to 29 years (57,646 people), 30 to 34 years (49,097 people), and 35 to 39 years (40,941 people). Among them they concentrated 49.2% of the total workforce.

Ethnicity

Gender

In 2022, 10.4% of Financial analysts workers were Hispanic and 89.6% non-Hispanic.

The treemap shows the distribution of Hispanic workers according to their origin, highlighting Mexican (67.2%), Puerto Rican (23.9)%, and All Other Spanish/Hispanic/Latino (8.86)%

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

Races

In 2022, 67.1% of the Financial analysts workforce were White, of which 37.1% were women and 62.9% men. Other races that concentrated a significant number of workers were Asian (15%) and Black (7.58%).

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 2022 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 2022 (counting all academic degrees) were Business (150,988 people), Social Sciences (36,476 people), and Engineering (13,456 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 (163,937 people), Graduate Degree (101,381 people), and Some college (16,904 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 2.84%, but Financial and Investment Analysts are expected to see a growth of 7.63% 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.

7.63%

Estimated Job Growth

10-year Projection

2.84%

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 2.84%, the average rate of national job growth.