Financial analysts

Detailed Occupation

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2020 Workforce

246k

Average Age

38.7

Estimated Job Growth

6.16%

10-year projection

Average Salary

$119,139

Average Male Salary

$137,554

Average Female Salary

$92,682

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 $119,139 in 2020.

The locations that employ the most Financial analysts are Chelsea, Clinton & Midtown Business District PUMA, NY, Murray Hill, Gramercy & Stuyvesant Town PUMA, NY, and Battery Park City, Greenwich Village & Soho PUMA, NY. The locations with a relatively high concentration of Financial analysts are Murray Hill, Gramercy & Stuyvesant Town PUMA, NY, Chelsea, Clinton & Midtown Business District PUMA, NY, and Battery Park City, Greenwich Village & Soho PUMA, NY.

Photo by Scott Beale

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

Employment and salary information for the Financial analysts workforce. Financial analysts workforce in 2020 was 245,828 people, of which 41% were women and 59% were men. Financial analysts are paid most in Menlo Park, East Palo Alto Cities & Atherton Town PUMA, CA but are relatively concentrated in Murray Hill, Gramercy & Stuyvesant Town PUMA, NY.

Employment Over Time

Metric

Grouping

144,945

Male Workforce

± 9.34k

100,883

Female Workforce

± 7.8k

The Financial analysts workforce in 2020 was 245,828 people (41% women and 59% men). This implies an average annual growth of 157% between 2014 (95,598) and 2020 (245,828).

Employment by Location

Level

Metric

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

During 2020, the states that concentrated the best average annual wage were Connecticut ($192,690), New York ($185,506), and New Jersey ($153,919).

Yearly Wage Ranking

$119,139

AVERAGE WAGE

#19 in the ranking (2020)

$55,954

NATIONAL AVERAGE WAGE

For all occupations across the US

In 2020, Financial analysts earned an average of $119,139, $63,185 more than the average national salary of $55,954

The graph shows the ranking of Financial analysts in relation to all Detailed Occupation in 2020.

Wage Distribution

Gender

0.414

WAGE GINI

In 2020, Financial analysts had a wage GINI coefficient of 0.414, 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 Agricultural chemical manufacturing ($232,801).

Occupations by Industries

Metric

Value

246k

2020 Workforce

± 12,163

8.03%

1 YEAR GROWTH

± 6.61%

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 57.9%, followed by Banking & related activities with 25% and Nondepository credit & related activities with 17.1%.

Diversity

Demographic information on Financial analysts in the US. The workforce of Financial analysts in 2020 was 245,828 people, with 41% woman, and 59% men. The average age of male Financial analysts in the workforce is 37.5 and of female Financial analysts is 40.4, and the most common race/ethnicity for Financial analysts is White.

Gender and Age

Metric

The workforce of Financial analysts in 2020 was 245,828 people, with 41% woman, and 59% men.

The age ranges that concentrated the largest workforce were 25 to 29 years (49,224 people), 30 to 34 years (41,188 people), and 35 to 39 years (32,835 people). Among them they concentrated 50.2% of the total workforce.

Ethnicity

Gender

In 2020, 8.47% of Financial analysts workers were Hispanic and 91.5% non-Hispanic.

The treemap shows the distribution of Hispanic workers according to their origin, highlighting Mexican (73.3%), Puerto Rican (17.5)%, and All Other Spanish/Hispanic/Latino (9.26)%

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

Races

In 2020, 71.1% of the Financial analysts workforce were White, of which 37.5% were women and 62.5% men. Other races that concentrated a significant number of workers were Asian (14.4%) and Black (8.06%).

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 2020 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 2020 (counting all academic degrees) were Business (124,013 people), Social Sciences (29,756 people), and Engineering (11,061 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 (132,139 people), Graduate Degree (83,662 people), and Some college (14,654 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 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.