Highest-Paying Finance Analyst Jobs [2023] - Zippia (2024)

Research Summary. Using a combination of public government and company data as well as data gathered from thousands of job postings, the Zippia data team has created average salary estimates for jobs across the US. Using that data set, the team has identified the types of finance analysts that are the highest paid based on their average annual salaries.

Here is a summary of our findings for the highest-paying types of finance analysts:

• Equity Analyst is the highest-paid type of finance analyst with an average salary of $103,715 and an average hourly rate of $49.86.

• The second highest-paying type of finance analyst is finance systems analyst, with an average salary of $85,795.

• The average finance analyst salary is $69,887 per year, and the average hourly pay is $33.60.

Table Of Contents: Background | Table | Methodology | FAQs

Background

Choosing a career path can be difficult, and while pay shouldn’t be the only thing you consider in your decision, it is a significant factor. So if you’d like to work as a finance analyst, it helps to have an idea of what the highest-paid types of finance analysts are so that you can plan your career progression.

Here are the top salaries for different types of finance analysts:

1. Equity Analyst

   Average Salary: $103,715

   An equity analyst’s role is to help clients navigate through stocks and bonds using their expertise. In a company setting, their responsibilities revolve around performing extensive research and analysis on areas such as the stock market, coordinating with different departments to gather necessary data, identifying new opportunities, preparing and analyzing the company’s financial records, and creating forecast models. Furthermore, as an equity analyst, it is essential to make recommendations in adherence to the company’s policies and regulations, including its vision and mission.

2. Finance Systems Analyst

   Average Salary: $85,795

   A finance systems analyst specializes in overseeing the financial systems in a company or business. Their responsibilities revolve around producing reports and presentations, liaising with the information technology team, maintaining information on databases, and monitoring and updating the financial systems. One must also handle spreadsheets and other files, modify menus, troubleshoot errors, and teach the finance staff how to use all courses for a smooth workflow. Furthermore, it is essential to implement all policies and regulations, ensuring all files’ security within the database.

3. Senior Finance Analyst

   Average Salary: $83,222

   A Senior Financial Analyst’s role is to oversee the financial aspects and manage fellow analysts in a company. Among the tasks of a Senior Financial Analyst include conducting research and analysis, providing forecast in revenue and expenditures, creating financial models that would suit the company and project more sales, and take part in the planning of finances. Moreover, being a Senior Financial Analyst means leading a team of skilled professionals in the same field of expertise.

   See Also

   8 Best Investment Analyst Certifications in 2024 - ZippiaCFA Salary in India: Average to Highest - ZELL EducationWho Earns More CA or Investment Banker?Become a Financial Analyst with No Experience

4. Risk Analyst

   Average Salary: $81,484

   As a risk analyst, you will oversee the identification, assessment, and monitoring of risks that your company has been exposed to. You will evaluate financial documents, potential clients, and economic conditions to determine the level of risk in business decisions. You will be responsible for aggregating data from several sources to develop a comprehensive assessment and create reports, processes, and presentations to better present results. You are also expected to work closely with other team members to analyze and show data effectively.

5. Investment Analyst

   Average Salary: $79,056

   An Investment Analyst provides research and information to help traders, fund managers and stock brokers make decisions about investments. They are hired by companies, investment trusts, stock trading and brokerage firms, and insurance providers.

Below is a full table of the average pay for various finance analyst that pay the most followed by a more detailed explanation of our methodology.

Highest-Paying Types Of Finance Analysts

Methodology

Zippia uses publicly published information from government sources such as the Bureau of Labor Statistics (BLS), Foreign Labor Certification Data Center (FLC), and the Office of Personnel Management (OPM) to create its salary estimates.

Our data science team also checks job postings and company-published resources for additional up-to-date salary information for finance analysts.

Once they’ve gathered the data, the team calculates a weighted average for each job title they’re estimating a salary for. For more details on our salary estimates, you can read the detailed methodology.

Highest-Paying Types Of Finance Analyst Jobs FAQs

1. What is the highest-paid finance analyst job?

   The highest-paid finance analyst job is an equity analyst. Equity Analysts earn an average salary of $103,715, which is $ 49.86 hourly.

   An equity analyst’s role is to help clients navigate through stocks and bonds using their expertise. In a company setting, their responsibilities revolve around performing extensive research and analysis on areas such as the stock market, coordinating with different departments to gather necessary data, identifying new opportunities, preparing and analyzing the company’s financial records, and creating forecast models. Furthermore, as an equity analyst, it is essential to make recommendations in adherence to the company’s policies and regulations, including its vision and mission.

2. What is a good salary for a finance analyst?

   A good salary for a finance analyst is $69,887 or more. The average finance analyst salary is $69,887, so those making at least $69,887 are earning above-average paychecks.

   Keep in mind, however, that the average finance analyst salary does fluctuate based on location, as companies will adjust their pay scales based on the cost of living in that area. Research what the average salary is in your area for someone of your expertise and experience level to get a more accurate view on how well you’re being paid.

   In addition, if you’re just starting your career as a finance analyst, the average entry level salary is $0, so don’t base your opinion of your salary on the $69,887 average, as this includes all finance analysts of all skill and experience levels.

3. Do Finance Analyst jobs pay well?

   Yes, finance analyst jobs pay well. As in any industry, some finance analyst jobs pay better than others, but the average finance analyst salary of $69,887 is times the average national salary of about $44,225 per year.

   See Also

   Is being an investment analyst a hard job?

   In addition to this, many finance analyst jobs have high earning potential, with the top 10% of finance analysts earning $0 a year on average.

   Finance Analysts’ salaries will fluctuate based on their experience level, industry, and location, so pay attention to these factors when you’re looking for a job as a finance analyst. Do your research on the going rate for a finance analyst in your area with your expertise, and don’t be afraid to negotiate your salary based on that information.

4. Where do finance analysts get paid the most?

   Finance Analysts get paid the most in New York. In New York, finance analysts earn an average annual salary of $82,552 and an average hourly wage of $39.69.

   Following NY, the states with the highest-paid finance analysts are Connecticut, Washington, and Delaware, with average annual salaries of $83,960, $75,245, and $70,090 respectively.

   The cities with the highest-paid finance analyst salaries are:

   1. San Francisco, CA – $84,858

   2. Stamford, CT – $83,967

   3. New York, NY – $82,779