A financial analyst with a master’s degree makes an average of $92,000 per year. This is a significant increase over the $56,000 made by those with only a bachelor’s degree, who make up just over three-quarters of all financial analysts.
However, this figure doesn’t tell the whole story. The median salary for financial analysts with a master’s degree was $102,000 in 2010 according to the Bureau of Labor Statistics (BLS). That means that half of all financial analysts with master’s degrees were making more than $102,000 and half were making less.
On average, financial analysts with advanced degrees earn more than their counterparts without them but it isn’t always easy to find a job as a financial analyst if you don’t have an advanced degree because most employers require one for employment in this field
Financial Analyst Salary With Masters Degree
Financial Analysts made a median salary of $83,660 in 2020. The best-paid 25 percent made $112,460 that year, while the lowest-paid 25 percent made $63,670.25%$63,670Median$83,66075%$112,460
Salary Outlook
20102011201220132014201520162017201820192020$80,000$90,000$100,000$110,000
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Best-Paying Cities for Financial Analysts
The metropolitan areas that pay the highest salary in the financial analyst profession are New York, Bridgeport, Medford, Sebastian, and San Francisco.
New York, New York
$130,020
Bridgeport, Connecticut
$126,090
Medford, Oregon
$125,050
Sebastian, Florida
$121,470
San Francisco, California
$120,410
The 5 Best-Paying Cities for Financial Analysts
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Best-Paying States for Financial Analysts
The states and districts that pay Financial Analysts the highest mean salary are New York ($130,670), District of Columbia ($109,070), Massachusetts ($105,680), Connecticut ($105,020), and New Jersey ($101,780).
New York
$130,670
District of Columbia
$109,070
Massachusetts
$105,680
Connecticut
$105,020
New Jersey
$101,780