Average Financial and Investment Analysts Salary in Rochester, NY
Financial and Investment Analysts in Rochester, NY, earn an average annual salary of $93,560. This figure is notably below the national average of $117,950, suggesting that local market dynamics, industry concentration, and the specific demand within the Rochester area contribute to this compensation level. While below the national benchmark, the salary reflects the economic landscape of this New York city.
Executive Summary
- Average Salary: $93,560 per year.
- Growth Trend: Salaries have shifted 4.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $132,920.
- Outlook: The Rochester, NY market for Financial and Investment Analysts is moderately concentrated, with a Location Quotient of 1.08 indicating a presence slightly above the national average. The total local workforce of 1,170 professionals, coupled with 2.38 jobs per 1,000 workers, suggests a stable, albeit not rapidly expanding, demand for these specialized roles within the region.
Salary Overview
The average Financial and Investment Analysts in Rochester, NY earns-20.7%below the national average.
$45
$1,799
$7,797
Financial and Investment Analysts Salary Trends (2020-2024)
While specific historical data for Rochester is not provided, it is generally assumed that salaries for Financial and Investment Analysts nationwide have experienced steady growth over the past four years, driven by increasing complexity in financial markets and a persistent need for skilled analysts. This trend likely extends to Rochester, with compensation adjustments reflecting broader economic conditions and evolving industry demands.
Financial and Investment Analysts Salary Distribution in Rochester, NY
Salary progression for Financial and Investment Analysts in Rochester, NY, is significantly influenced by experience and expertise. Entry-level positions typically command lower salaries, while seasoned professionals with a proven track record and advanced certifications can expect to earn substantially more. The widening gap between entry-level and senior-level salaries, often seen across different pay percentiles, signifies clear career advancement opportunities and the increasing value placed on specialized financial acumen.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $60,480 | $29.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $70,170 | $33.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $85,500 | $41.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $116,950 | $56.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $132,920 | $63.9 |
Detailed Financial and Investment Analysts Market Analysis
Relocation Context
Nominal Salary
$93,560
Gross Pay
Real Wage (Purchasing Power)
$93,560
Adjusted for COL (100)
The average annual salary of $93,560 for Financial and Investment Analysts in Rochester, NY, aligns perfectly with the national average cost of living, which is indexed at 100. This means that the purchasing power of an analyst's salary in Rochester is equivalent to the national average, offering a stable financial foundation without the added pressure of a higher cost of living.
Job Market Context
1,170
Total Jobs
2.38
Per 1K Jobs
1.08
Location Quotient
With a location quotient of 1.08, Rochester, NY has a slightly higher-than-average concentration of Financial and Investment Analysts roles compared to the national norm.
With a Location Quotient of 1.08, Rochester, NY, exhibits a slightly higher concentration of Financial and Investment Analysts compared to the national average. This suggests a moderately competitive job market where employers may have a reasonable pool of local talent to draw from, while also indicating a solid presence of firms valuing these analytical skills.
Nearby Job Markets
Nearby Cities for Financial and Investment Analysts
| City | Salary | Dist. |
|---|---|---|
| Buffalo-Cheektowaga, NY Financial and Investment Analysts Salary | $100,230↑ 7% | 65 mi |
| Syracuse, NY Financial and Investment Analysts Salary | $100,630↑ 8% | 75 mi |
| Ithaca, NY Financial and Investment Analysts Salary | $89,770↓ 4% | 75 mi |
| Elmira, NY Financial and Investment Analysts Salary | $127,300↑ 36% | 85 mi |
Comparing salaries near Rochester, NY
Hiring Financial and Investment Analystss?
Frequently Asked Questions
How much does a Financial and Investment Analysts make in Rochester, NY?
The median annual salary for a Financial and Investment Analysts in Rochester, NY is $93,560. This typically ranges from $60,480 for entry-level positions to $132,920 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Rochester, NY is 20.7% lower than the national median of $117,950.
Is Rochester, NY a lucrative place for Financial and Investment Analysts?
No, not when compared to the national average.While the average salary of $93,560 is respectable, it falls below the national average of $117,950. However, the cost of living being at the national average helps mitigate this difference in purchasing power.
Is Rochester, NY a good place to live for Financial and Investment Analysts?
The Cost of Living Index in Rochester, NY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Rochester, NY?
Some top paying nearby cities include Buffalo-Cheektowaga, NY ($100,230) and Syracuse, NY.
How does the cost of living in Rochester, NY affect the Financial and Investment Analyst salary?
The cost of living in Rochester, NY, is exactly at the national average (100). This means the $93,560 salary offers purchasing power equivalent to the national average, making it a stable financial environment for analysts.
What is the job concentration for Financial and Investment Analysts in Rochester, NY?
The job concentration, measured by the Location Quotient, is 1.08, which is slightly above the national average. This indicates a healthy presence of these roles within the Rochester job market.
How many Financial and Investment Analysts are there in Rochester, NY?
There are approximately 1,170 Financial and Investment Analysts working in Rochester, NY, contributing to the local economic landscape.
Are there more Financial and Investment Analyst jobs in Rochester compared to the national average?
Yes, Rochester has 2.38 Financial and Investment Analyst jobs per 1,000 workers, which is slightly higher than the national average, suggesting a modest but present demand for 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 1,170 employees in the Rochester, NY area with a job density of 2.38 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 Rochester, NY