Financial analysts

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2019 Workforce
284k
Average Age
38.8
Estimated Job Growth
6.16%
10-year projection
Average Salary
$115,353
Average Male Salary
$135,268
Average Female Salary
$89,520

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 Securities, commodities, funds, trusts & other financial investments. Financial analysts are paid most in Fairfield, New Canaan, Wilton, Weston & Easton Towns PUMA, CT but are relatively concentrated in Murray Hill, Gramercy & Stuyvesant Town PUMA, NY.

Wages

Yearly Wage

$115,353
AVERAGE SALARY
± $5,638

In 2019, Financial analysts earned an average of $115,353, $59,829 more than than the average national salary of $55,524.

Physician assistants make somewhat more than Financial analysts while Computer hardware engineers 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

0.41
WAGE GINI

In 2015, Financial analysts had a wage GINI coefficient of 0.41, 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).

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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

284k
2019 Workforce
± 13,074
34.1%
1 YEAR GROWTH
± 5.25%

The number of people employed as Financial analysts has been growing at a rate of 34.1%, from 211,854 people in 2018 to 284,089 people in 2019.

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  23.1%, followed by Banking & related activities with 9.04% and Nondepository credit & related activities with 7.69%.

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Diversity

Demographic information on Financial analysts in the US. The average age of male Financial analysts in the workforce is 37.4 and of female Financial analysts is 40.6, and the most common race/ethnicity for Financial analysts is White (Non-Hispanic).

Gender Composition

160k
MALE WORKFORCE
± 9,828
124k
FEMALE WORKFORCE
± 8,630

56.5% 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 (Non-Hispanic)
  2. Asian (Non-Hispanic)
  3. Black (Non-Hispanic)

67.1% of Financial analysts are White (Non-Hispanic), making that the most common race or ethnicity in the occupation. Representing 14.9% 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.

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Age by Gender

37.4
AVERAGE MALE AGE
± 0.741
40.6
AVERAGE FEMALE AGE
± 0.85

The median age of Financial analysts is 38.8, and Male employees are generally 3.2 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 Business.

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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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.

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