2024 Financial Analyst Salary in US (2024)

FAQs

What salary should I ask for as a financial analyst? ›

Financial Analyst Salaries

The average salary for Financial Analyst is $1,11,004 per year in the United States. The average additional cash compensation for a Financial Analyst in the United States is $31,850, with a range from $23,887 - $44,589.

In 2024, Selby Jennings says total compensation at the biggest banks (salaries plus bonuses) goes from $126k+ for analysts (first year in) to $350k+ for vice presidents (VPs) (four to five years in). These figures are the baseline.

The salary range for a financial analyst is $38K-$725K. The average salary for a Financial Analyst in US is $86,006.

According to the U.S. Bureau of Labor Statistics, the median financial analyst salary is around $85,000, but this number can be misleading because the average financial analyst salary is closer to $100,000 due to the extreme growth in earnings over time.

They Earn a Competitive Salary

In 2021, the average salary in the U.S. for a Financial Analyst was $96,000. Within the field of financial analytics, some professionals earn much more than this. For example, Financial Managers made an average of $132,000 in 2021.

End-of-Year Bonus: You earn this after your first full year of work. Analyst bonuses are almost always 100% cash, but a percentage will shift to stock and deferred compensation as you move up. For example, Associates might get 10 – 20% deferred, VPs might get 20 – 30% deferred, and MDs might get 30 – 50% deferred.

Financial Analysts often navigate high-pressure environments, balancing tight deadlines with the need for meticulous accuracy in data analysis and forecasting. Stress levels can peak during quarterly earnings reports and fiscal year-ends.

The 2024 bonus season unfolds against the backdrop of ongoing market volatility and economic uncertainty. Throughout the year, financial markets have navigated geopolitical tensions, inflationary pressures, and shifts in monetary policy, presenting both challenges and opportunities for financial institutions.

What is the bonus for JP Morgan in 2024? ›

J.P. Morgan Self-Directed Investing 2024: Up to $700 Bonus.

Investment banking vice presidents (VPs) are the next step after associate and before director in the investment banking career path. At the VP level, the base compensation is typically between $250,000 and $300,000.

Senior data architects are at the pinnacle of the data analytics field, with an average US annual salary of approximately $157,901. The total pay for a senior data architect can range from $148,000 to $211,000 annually, including potential additional income from bonuses and profit sharing.

Financial analysts tend to work with the overall picture of economic trends and market movements to forecast financial situations. A career in accounting may be ideal if you enjoy examining data like auditing and reviewing financial statements. Financial analysts may make more money on average than accountants.

The Financial Analyst II is distinguished from the Financial Analyst I in that the Financial Analyst II performs assignments of moderate complexity and works with greater independence whereas the Financial Analyst I performs assignments that are more routine and narrower in scope.

Additionally, advisors may earn bonuses, commissions and incentive pay on top of their base salaries. As for financial analysts, their median annual pay in 2022 was slightly higher than their advisor counterparts – $96,220.