Average Financial and Investment Analysts Salary in New York-Newark-Jersey City, NY-NJ
Financial and Investment Analysts in the New York-Newark-Jersey City, NY-NJ metropolitan area earn an impressive average annual salary of $148,980. This figure significantly surpasses the national average of $117,950, reflecting the area's status as a global financial hub. The concentration of major financial institutions and the high demand for specialized financial expertise in this region directly contribute to this elevated compensation.
Executive Summary
- Average Salary: $148,980 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $221,110.
- Outlook: The New York-Newark-Jersey City area boasts a robust job market for Financial and Investment Analysts, evidenced by a substantial local workforce of 49,940 professionals. The Location Quotient of 2.41 indicates a significant concentration of these roles compared to the national average, suggesting strong and sustained demand for talent in this sector within the region.
Salary Overview
The average Financial and Investment Analysts in New York-Newark-Jersey City, NY-NJ earns+26.3%above the national average.
$71.6
$2,865
$12,415
Financial and Investment Analysts Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that the salaries for Financial and Investment Analysts in the dynamic New York-Newark-Jersey City area have experienced consistent growth over the past four years. This trend is typically driven by increasing complexity in financial markets, evolving regulatory landscapes, and the persistent demand for skilled analysts to navigate these challenges.
Financial and Investment Analysts Salary Distribution in New York-Newark-Jersey City, NY-NJ
Salary progression for Financial and Investment Analysts in New York-Newark-Jersey City typically scales significantly with experience. Entry-level positions may start closer to the lower percentiles, while seasoned professionals with specialized skills and a proven track record can command salaries in the upper percentiles. These percentile gaps clearly signify substantial career progression and earning potential as analysts advance.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $80,910 | $38.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $111,735 | $53.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $128,490 | $61.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $186,225 | $89.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $221,110 | $106.3 |
Detailed Financial and Investment Analysts Market Analysis
Relocation Context
Nominal Salary
$148,980
Gross Pay
Real Wage (Purchasing Power)
$148,980
Adjusted for COL (100)
The average annual salary of $148,980 for Financial and Investment Analysts in New York-Newark-Jersey City aligns perfectly with the national average Cost of Living Index of 100. This means that while the nominal salary is considerably higher than the national average, the purchasing power of that salary is effectively on par with the national average, offering a balanced financial landscape for professionals.
Job Market Context
49,940
Total Jobs
5.334
Per 1K Jobs
2.41
Location Quotient
New York-Newark-Jersey City, NY-NJ has 2.4x 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.
With a Location Quotient of 2.41, the New York-Newark-Jersey City area exhibits a job market for Financial and Investment Analysts that is more than twice as concentrated as the national average. This indicates a highly competitive yet abundant market, where numerous opportunities exist, but professionals are also competing with a larger pool of specialized talent.
Nearby Job Markets
Nearby Cities for Financial and Investment Analysts
| City | Salary | Dist. |
|---|---|---|
| Kiryas Joel-Poughkeepsie-Newburgh, NY Financial and Investment Analysts Salary | $100,490↓ 33% | 44 mi |
| Trenton-Princeton, NJ Financial and Investment Analysts Salary | $112,380↓ 25% | 52 mi |
| Bridgeport-Stamford-Danbury, CT Financial and Investment Analysts Salary | $159,130↑ 7% | 54 mi |
| New Haven, CT Financial and Investment Analysts Salary | $100,390↓ 33% | 70 mi |
| Waterbury-Shelton, CT Financial and Investment Analysts Salary | $111,680↓ 25% | 77 mi |
Comparing salaries near New York-Newark-Jersey City, NY-NJ
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Frequently Asked Questions
How much does a Financial and Investment Analysts make in New York-Newark-Jersey City, NY-NJ?
The median annual salary for a Financial and Investment Analysts in New York-Newark-Jersey City, NY-NJ is $148,980. This typically ranges from $80,910 for entry-level positions to $221,110 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in New York-Newark-Jersey City, NY-NJ is 26.3% higher than the national median of $117,950.
Is New York-Newark-Jersey City, NY-NJ a lucrative place for Financial and Investment Analysts?
Yes, it is a highly lucrative area for Financial and Investment Analysts.The average salary of $148,980 is substantially higher than the national average, and the strong concentration of financial firms ensures consistent demand for these professionals.
Is New York-Newark-Jersey City, NY-NJ a good place to live for Financial and Investment Analysts?
The Cost of Living Index in New York-Newark-Jersey City, NY-NJ is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near New York-Newark-Jersey City, NY-NJ?
Some top paying nearby cities include Kiryas Joel-Poughkeepsie-Newburgh, NY ($100,490) and Trenton-Princeton, NJ.
How does the local salary compare to the national average?
The average annual salary for Financial and Investment Analysts in New York-Newark-Jersey City is $148,980, which is significantly higher than the national average of $117,950.
What is the Cost of Living in New York-Newark-Jersey City for analysts?
The Cost of Living Index for New York-Newark-Jersey City is 100, which is exactly the national average. This means the higher nominal salary has purchasing power equivalent to the national average.
How concentrated is the job market for these analysts locally?
The job market is highly concentrated, with a Location Quotient of 2.41, indicating more than double the national average presence of Financial and Investment Analysts.
What is the total number of Financial and Investment Analysts in the area?
There are approximately 49,940 Financial and Investment Analysts working in the New York-Newark-Jersey City 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 49,940 employees in the New York-Newark-Jersey City, NY-NJ area with a job density of 5.334 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 New York-Newark-Jersey City, NY-NJ