Average Financial and Investment Analysts Salary in New York
Financial and Investment Analysts in New York earn a commanding average annual salary of $147,260, significantly surpassing the national average of $117,950. This elevated compensation is a direct reflection of New York's status as a global financial hub, demanding specialized expertise and offering unparalleled career opportunities within the industry.
Executive Summary
- Average Salary: $147,260 per year.
- Growth Trend: Salaries have shifted 11.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $221,460.
- Outlook: With a substantial local workforce of 47,130 professionals and a Location Quotient of 2.24, New York demonstrates a robust and highly concentrated demand for Financial and Investment Analysts. This indicates a market where these roles are not only prevalent but also significantly more common than the national average, suggesting a dynamic and active job market for these specialists.
Salary Overview
The average Financial and Investment Analysts in New York earns+24.8%above the national average.
$70.8
$2,832
$12,272
Financial and Investment Analysts Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume a positive growth trend for Financial and Investment Analyst salaries in New York over the past four years. Factors such as increasing market complexity, evolving regulatory landscapes, and the persistent demand for sophisticated financial expertise typically drive salary increases in this high-stakes sector.
Financial and Investment Analysts Salary Distribution in New York
Salary progression for Financial and Investment Analysts in New York typically scales significantly with experience. Entry-level positions may start closer to the lower percentiles, while seasoned professionals with extensive track records and specialized skills can command salaries well into the upper percentiles. The widening gap between entry-level and senior roles underscores the substantial career advancement and earning potential available.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $78,790 | $37.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $110,445 | $53.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $126,580 | $60.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $184,075 | $88.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $221,460 | $106.5 |
Detailed Financial and Investment Analysts Market Analysis
Relocation Context
Nominal Salary
$147,260
Gross Pay
Real Wage (Purchasing Power)
$117,714
Adjusted for COL (125.1)
The nominal average salary of $147,260 in New York presents a complex picture when viewed against the local Cost of Living Index of 125.1. While the salary is considerably higher than the national average, the elevated cost of living means that the purchasing power of this income may be somewhat moderated compared to living in a more affordable region.
Job Market Context
47,130
Total Jobs
4.939
Per 1K Jobs
2.24
Location Quotient
New York has 2.2x the national concentration of Financial and Investment Analysts jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
New York's Location Quotient of 2.24 signifies a highly concentrated market for Financial and Investment Analysts, indicating that these roles are more than twice as common in New York as they are nationally. This abundance suggests a competitive landscape, but also a deep pool of talent and numerous opportunities for those seeking specialized roles within the financial sector.
Nearby Job Markets
Nearby Cities for Financial and Investment Analysts
| City | Salary | Dist. |
|---|---|---|
| Binghamton, NY Financial and Investment Analysts Salary | $102,650↓ 30% | 49 mi |
| Kingston, NY Financial and Investment Analysts Salary | $112,780↓ 23% | 51 mi |
| Scranton--Wilkes-Barre, PA Financial and Investment Analysts Salary | $84,100↓ 43% | 64 mi |
| Utica-Rome, NY Financial and Investment Analysts Salary | $95,660↓ 35% | 66 mi |
| Albany-Schenectady-Troy, NY Financial and Investment Analysts Salary | $102,360↓ 30% | 68 mi |
Comparing salaries near New York
Hiring Financial and Investment Analystss?
Frequently Asked Questions
How much does a Financial and Investment Analysts make in New York?
The median annual salary for a Financial and Investment Analysts in New York is $147,260. This typically ranges from $78,790 for entry-level positions to $221,460 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in New York is 24.8% higher than the national median of $117,950.
Is New York a lucrative place for Financial and Investment Analysts?
Yes, New York is a highly lucrative location for Financial and Investment Analysts.The average salary of $147,260 significantly exceeds the national average, and the high concentration of financial institutions creates ample opportunities for well-compensated roles.
Is New York a good place to live for Financial and Investment Analysts?
The Cost of Living Index in New York is 125.1. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near New York?
Some top paying nearby cities include Binghamton, NY ($102,650) and Kingston, NY.
How does the number of jobs per 1,000 workers compare nationally?
New York has 4.939 jobs per 1,000 workers for Financial and Investment Analysts, which is substantially higher than the national average, indicating a strong local demand.
What is the significance of the Location Quotient (LQ) for this role in New York?
An LQ of 2.24 means that Financial and Investment Analysts are more than twice as concentrated in New York compared to the national average, highlighting the state's importance as a financial center.
How does the cost of living impact the Financial and Investment Analyst salary in New York?
With a Cost of Living Index of 125.1, New York is 25.1% more expensive than the national average. While the high salary helps offset this, it's crucial to consider the reduced purchasing power.
What types of companies typically hire Financial and Investment Analysts in New York?
New York's financial landscape includes major investment banks, hedge funds, asset management firms, corporate finance departments, and financial consulting agencies, all of which actively recruit these professionals.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 47,130 employees in the New York area with a job density of 4.939 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Financial and Investment Analysts Salaries by State
Top Jobs in New York
- All Occupations Salary in New York
- Office and Administrative Support Occupations Salary in New York
- Healthcare Support Occupations Salary in New York
- Sales and Related Occupations Salary in New York
- Food Preparation and Serving Related Occupations Salary in New York
- Business and Financial Operations Occupations Salary in New York
- Educational Instruction and Library Occupations Salary in New York
- Management Occupations Salary in New York
- Home Health and Personal Care Aides Salary in New York
- Transportation and Material Moving Occupations Salary in New York
- Browse All Jobs in New York →
Semantic Salary Analysis for Financial and Investment Analysts • Data source: BLS OEWS 2024 •Jobs in New York