Average Financial and Investment Analysts Salary in Birmingham, AL
Financial and Investment Analysts in Birmingham, AL earn an average annual salary of $107,940. This figure is slightly below the national average of $117,950, a common occurrence in markets where local economic factors and industry concentration influence compensation structures. While Birmingham's cost of living aligns with the national average, the specific demand and supply dynamics within the local financial sector play a significant role in shaping these salary benchmarks.
Executive Summary
- Average Salary: $107,940 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $164,480.
- Outlook: Birmingham, AL hosts a local workforce of 1,000 Financial and Investment Analysts, with 1.924 jobs per 1,000 workers. The Location Quotient of 0.87 suggests a slightly lower concentration of these roles compared to the national average. While not a major hub, this indicates a stable, albeit not exceptionally dense, presence of financial analysis professionals, suggesting a consistent demand for their expertise within the local economy.
Salary Overview
The average Financial and Investment Analysts in Birmingham, AL earns-8.5%below the national average.
$51.9
$2,076
$8,995
Financial and Investment Analysts Salary Trends (2020-2024)
While specific historical data for Birmingham's Financial and Investment Analyst salaries over the past four years is not provided, it is generally assumed that compensation in this field has seen a steady upward trend, mirroring national patterns. Factors such as inflation, evolving market demands, and the increasing complexity of financial instruments typically drive incremental salary growth for skilled professionals in most metropolitan areas.
Financial and Investment Analysts Salary Distribution in Birmingham, AL
The career trajectory for Financial and Investment Analysts in Birmingham, AL, like elsewhere, is marked by increasing earning potential with experience. Entry-level positions typically start at the lower end of the salary spectrum, while seasoned professionals with specialized skills and a proven track record can command significantly higher salaries, often reaching into the upper percentiles. The widening gap between entry-level and senior salaries reflects the value placed on accumulated knowledge, strategic insight, and leadership capabilities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $59,450 | $28.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $80,955 | $38.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $92,840 | $44.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $134,925 | $64.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $164,480 | $79.1 |
Detailed Financial and Investment Analysts Market Analysis
Relocation Context
Nominal Salary
$107,940
Gross Pay
Real Wage (Purchasing Power)
$107,940
Adjusted for COL (100)
With an average annual salary of $107,940 and a Cost of Living Index of 100, Financial and Investment Analysts in Birmingham, AL find their nominal earnings directly align with the national average cost of living. This means that the purchasing power of their salary in Birmingham is comparable to what they would experience in a typical U.S. city, offering a balanced financial environment for professionals considering relocation.
Job Market Context
1,000
Total Jobs
1.924
Per 1K Jobs
0.87
Location Quotient
Birmingham, AL has 0.87x the national average concentration of Financial and Investment Analysts jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
The Location Quotient of 0.87 for Financial and Investment Analysts in Birmingham, AL indicates that the concentration of these roles is slightly below the national average. This suggests that while the profession is present and valued, it is not as dominant a sector as in some larger financial centers. This moderate concentration implies a competitive but accessible job market, where opportunities exist without the intense saturation found in more prominent financial hubs.
Nearby Job Markets
Nearby Cities for Financial and Investment Analysts
| City | Salary | Dist. |
|---|---|---|
| Tuscaloosa, AL Financial and Investment Analysts Salary | $107,090↓ 1% | 47 mi |
| Northeast Alabama nonmetropolitan area Financial and Investment Analysts Salary | $89,250↓ 17% | 50 mi |
| Southeast Alabama nonmetropolitan area Financial and Investment Analysts Salary | $104,880↓ 3% | 50 mi |
| Northwest Alabama nonmetropolitan area Financial and Investment Analysts Salary | $106,800↓ 1% | 50 mi |
| Southwest Alabama nonmetropolitan area Financial and Investment Analysts Salary | $118,390↑ 10% | 50 mi |
Comparing salaries near Birmingham, AL
Hiring Financial and Investment Analystss?
Frequently Asked Questions
How much does a Financial and Investment Analysts make in Birmingham, AL?
The median annual salary for a Financial and Investment Analysts in Birmingham, AL is $107,940. This typically ranges from $59,450 for entry-level positions to $164,480 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Birmingham, AL is 8.5% lower than the national median of $117,950.
Is Birmingham, AL a lucrative place for Financial and Investment Analysts?
No, not exceptionally lucrative compared to the national average.While the average salary of $107,940 is substantial, it falls short of the national average of $117,950. However, the cost of living being at the national average means the salary's purchasing power is comparable.
Is Birmingham, AL a good place to live for Financial and Investment Analysts?
The Cost of Living Index in Birmingham, AL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Birmingham, AL?
Some top paying nearby cities include Tuscaloosa, AL ($107,090) and Northeast Alabama nonmetropolitan area.
What is the average salary for a Financial and Investment Analyst in Birmingham, AL?
The average annual salary for a Financial and Investment Analyst in Birmingham, AL is $107,940.
How does Birmingham's cost of living compare to the national average?
Birmingham, AL has a Cost of Living Index of 100, which is exactly the same as the national average.
Is the job market for Financial and Investment Analysts strong in Birmingham, AL?
The job market is moderately present, with 1.924 jobs per 1,000 workers and a Location Quotient of 0.87, indicating a stable but not overly concentrated demand for these professionals.
How does experience affect salary for Financial and Investment Analysts in Birmingham, AL?
Experience significantly impacts salary, with entry-level positions earning less and senior roles commanding higher compensation, reflecting a typical career progression.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,000 employees in the Birmingham, AL area with a job density of 1.924 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Financial and Investment Analysts • Data source: BLS OEWS 2024 •Jobs in Birmingham, AL