Average Financial and Investment Analysts Salary in Indianapolis-Carmel-Greenwood, IN
Financial and Investment Analysts in the Indianapolis-Carmel-Greenwood, IN area earn an average annual salary of $94,700. This figure is notably below the national average of $117,950, reflecting regional economic factors and the specific demand dynamics within the local market. While the nominal salary may seem lower, it's crucial to consider the context of the local cost of living.
Executive Summary
- Average Salary: $94,700 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $131,110.
- Outlook: The Indianapolis-Carmel-Greenwood, IN metropolitan area supports a workforce of 1,510 Financial and Investment Analysts. With a Location Quotient of 0.62, the concentration of these roles is below the national average, suggesting a less saturated but potentially growing market. The presence of over a thousand professionals indicates a stable, albeit not hyper-concentrated, demand for financial expertise within the region.
Salary Overview
The average Financial and Investment Analysts in Indianapolis-Carmel-Greenwood, IN earns-19.7%below the national average.
$45.5
$1,821
$7,892
Financial and Investment Analysts Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Financial and Investment Analysts across the nation, including in Indianapolis, have experienced steady growth over the past four years. This trend is typically driven by inflation, increasing demand for sophisticated financial services, and the evolving complexity of investment strategies, leading to incremental salary increases for professionals in this field.
Financial and Investment Analysts Salary Distribution in Indianapolis-Carmel-Greenwood, IN
Career progression for Financial and Investment Analysts in Indianapolis-Carmel-Greenwood, IN, is typically marked by significant salary increases with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with specialized skills and a proven track record can command salaries well into the higher percentiles, reflecting their increased value and responsibilities within organizations.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $59,370 | $28.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $71,025 | $34.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $81,150 | $39 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $118,375 | $56.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $131,110 | $63 |
Detailed Financial and Investment Analysts Market Analysis
Relocation Context
Nominal Salary
$94,700
Gross Pay
Real Wage (Purchasing Power)
$94,700
Adjusted for COL (100)
The average annual salary of $94,700 for Financial and Investment Analysts in Indianapolis-Carmel-Greenwood, IN, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of the salary is equivalent to the national average, offering a stable financial environment for professionals considering a move to the area.
Job Market Context
1,510
Total Jobs
1.377
Per 1K Jobs
0.62
Location Quotient
Indianapolis-Carmel-Greenwood, IN has 0.62x 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.
A Location Quotient of 0.62 for Financial and Investment Analysts in Indianapolis-Carmel-Greenwood, IN, indicates that the concentration of these jobs is lower than the national average. This suggests that while the market is not as densely populated with these specialists as some other regions, there is still a consistent presence and demand for their skills, offering potential opportunities for those seeking roles outside of highly competitive, saturated markets.
Nearby Job Markets
Nearby Cities for Financial and Investment Analysts
| City | Salary | Dist. |
|---|---|---|
| Northern Indiana nonmetropolitan area Financial and Investment Analysts Salary | $85,540↓ 10% | 8 mi |
| Southern Indiana nonmetropolitan area Financial and Investment Analysts Salary | $90,910↓ 4% | 8 mi |
| Central Indiana nonmetropolitan area Financial and Investment Analysts Salary | $80,370↓ 15% | 8 mi |
| Columbus, IN Financial and Investment Analysts Salary | $90,490↓ 4% | 41 mi |
| Bloomington, IN Financial and Investment Analysts Salary | $85,570↓ 10% | 47 mi |
Comparing salaries near Indianapolis-Carmel-Greenwood, IN
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Frequently Asked Questions
How much does a Financial and Investment Analysts make in Indianapolis-Carmel-Greenwood, IN?
The median annual salary for a Financial and Investment Analysts in Indianapolis-Carmel-Greenwood, IN is $94,700. This typically ranges from $59,370 for entry-level positions to $131,110 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Indianapolis-Carmel-Greenwood, IN is 19.7% lower than the national median of $117,950.
Is Indianapolis-Carmel-Greenwood, IN a lucrative place for Financial and Investment Analysts?
No, not compared to the national average.While the average salary of $94,700 is competitive with the local cost of living, it falls significantly below the national average salary for Financial and Investment Analysts.
Is Indianapolis-Carmel-Greenwood, IN a good place to live for Financial and Investment Analysts?
The Cost of Living Index in Indianapolis-Carmel-Greenwood, IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Indianapolis-Carmel-Greenwood, IN?
Some top paying nearby cities include Northern Indiana nonmetropolitan area ($85,540) and Southern Indiana nonmetropolitan area.
How does the Indianapolis salary compare to the national average?
The average salary for Financial and Investment Analysts in Indianapolis-Carmel-Greenwood, IN, is $94,700, which is $23,250 less than the national average of $117,950.
What is the cost of living in Indianapolis-Carmel-Greenwood, IN?
The Cost of Living Index for Indianapolis-Carmel-Greenwood, IN, is 100, which is exactly the national average, meaning the cost of goods and services is neither higher nor lower than the typical US city.
How concentrated are Financial and Investment Analyst jobs in Indianapolis?
The concentration of Financial and Investment Analyst jobs in Indianapolis, indicated by a Location Quotient of 0.62, is below the national average, suggesting fewer specialists per capita compared to the rest of the country.
How many Financial and Investment Analysts work in Indianapolis?
There are approximately 1,510 Financial and Investment Analysts working in the Indianapolis-Carmel-Greenwood, IN metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,510 employees in the Indianapolis-Carmel-Greenwood, IN area with a job density of 1.377 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 Indianapolis-Carmel-Greenwood, IN