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How much does a Financial Analyst make in Maryland?

Average Financial Analyst Hourly Wage in Maryland

Financial Analysts earn a median hourly wage of $38.08. Hourly wages typically start from $23.32 and go up to $74.16.

Average Financial Analyst Yearly Salary in Maryland

Financial Analysts earn a median salary of $79,200 per year. Salaries typically start from $48,500 and go up to $154,250.

These numbers may vary depending on several factors, like level of education, amount of experience, industry, company size and location.

Learn more about the Financial Analyst job market for salaries of real jobs in your area. Alternatively, see what Financial Analysts earn in other states.

Financial analysts are in demand across many industries. Companies rely on experienced financial analysts to support business growth by identifying trends in financial data and helping senior management make informed decisions.

The size of the company influences starting salaries for financial analysts. The larger the company, the more money analysts tend to make. A financial analyst with less than a year of experience at a small company can expect a starting salary in the range of $45,250 to $53,750, according to the latest Robert Half Salary Guide. The projected starting salary for a financial analyst in a mid-sized company with one to three years of experience is between $58,000 to $76,000. Salaries for financial analysts at the manager level can be anywhere from $77,250 to $99,250 at a small company, to $88,000 to $118,000 at a midsize company, and $99,500 to $136,500 at a large company.

Besides company size, education can improve a financial analyst's earning potential. Analysts with a master’s degree or professional certification earn five to 10 percent more than their bachelor-degreed counterparts, according to the Robert Half survey.

A company's location also affects starting salaries for financial analysts. For example, in Chicago, starting salaries are almost 22 percent higher than average. On the other end of the spectrum, financial analysts in Lincoln, Nebraska, earn close to 22 percent less than the average. In the USA’s epicentre of finance, New York, a successful financial analyst can look to earn a salary of over $100,000 within a short time. Furthermore, bonuses may be rewarded to financial analysts if their work proves to be fruitful for a company or client. These bonuses are at the behest of the individual companies.

While the money you could make as a financial analyst is highly attractive, it is a very demanding job, requiring a high level of mental acumen and risk management. Stressful situations are par for the course in this field, but if earning lots of money and dealing with lots of money excites you, this is a potential avenue you could pursue.

How to Become a Financial Analyst

Interested in becoming a financial analyst? Here are your next steps.

  1. Take the Sokanu Career Test

    Would you make a good financial analyst? Sokanu's free assessment reveals how compatible you are with a career across 5 dimensions!

    Take the free career test
  2. Get the Education
    Syracuse MBA

    A bachelors degree is required to be a Financial Analyst. A finance degree is preferred. Schools offering education in this field include:

    • Columbia College | Columbia, SC
      Offers: Certificate, Associates, Bachelors
    • Albertus Magnus College | New Haven, CT
      Offers: Certificate, Associates, Bachelors
    • Asnuntuck Community College | Enfield, CT
      Offers: Certificate, Associates
    • Lincoln College of New England-Southington | Southington, CT
      Offers: Certificate, Associates
    • University of Bridgeport | Bridgeport, CT
      Offers: Certificate, Associates, Bachelors
  3. Get Hired

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    View all jobs →

    Would you like to post jobs on this career? Find the best candidates using Sokanu's new psychometric job platform. Visit employers.sokanu.com today.

Financial Analyst Earnings by Seniority

Top End Financial Analyst Earnings

The highest earning Financial Analysts in Maryland earn:

$74.16
an hour
$154,250
per year
Senior Financial Analyst Earnings

Senior Financial Analysts in Maryland earn:

$54.54
an hour
$113,450
per year
Experienced Financial Analyst Earnings

Experienced Financial Analysts in Maryland earn:

$38.08
an hour
$79,200
per year
Junior Financial Analyst Earnings

Junior Financial Analysts in Maryland earn:

$29.85
an hour
$62,090
per year
Starting Financial Analyst Earnings

Starting Financial Analysts in Maryland earn:

$23.32
an hour
$48,500
per year

Approximate values based on highest and lowest earning segments.

Find your perfect career

Would you make a good financial analyst? Sokanu's free assessment reveals how compatible you are with a career across 5 dimensions!

Take the free career test

Financial Analyst salary comparison

Financial Analysts earn more than 54% percent of Business careers in Maryland. Financial Analyst salaries are in the top 82% of all careers in Maryland.

Sales Manager Salary in Maryland $122k
Industrial Production Manager Salary in Maryland $100k
Operations Research Analyst Salary in Maryland $89k
Financial Analyst Salary $76k
Recruiter Salary in Maryland $69k
Range Manager Salary in Maryland $61k
Social Fundraiser Salary in Maryland $53k
Real Estate Agent Salary in Maryland $41k
Chief Executive Salary in Maryland $k

Historical salary for Financial Analysts in Maryland

Source: U.S. Department of Labor Bureau of Labor Statistics

How to Become a Financial Analyst

Interested in becoming a financial analyst? Here are your next steps.

  1. Take the Sokanu Career Test

    Would you make a good financial analyst? Sokanu's free assessment reveals how compatible you are with a career across 5 dimensions!

    Take the free career test
  2. Get the Education
    Syracuse MBA

    A bachelors degree is required to be a Financial Analyst. A finance degree is preferred. Schools offering education in this field include:

    • Columbia College | Columbia, SC
      Offers: Certificate, Associates, Bachelors
    • Albertus Magnus College | New Haven, CT
      Offers: Certificate, Associates, Bachelors
    • Asnuntuck Community College | Enfield, CT
      Offers: Certificate, Associates
    • Lincoln College of New England-Southington | Southington, CT
      Offers: Certificate, Associates
    • University of Bridgeport | Bridgeport, CT
      Offers: Certificate, Associates, Bachelors
  3. Get Hired

      Loading jobs...

    View all jobs →

    Would you like to post jobs on this career? Find the best candidates using Sokanu's new psychometric job platform. Visit employers.sokanu.com today.