78k
Avg US Salary
15.5%
Growth
3.3/5
Rating
253k
Employment
Bachelors Bachelors
Education

How much does a Financial Analyst make in Michigan?

Average Financial Analyst Hourly Wage in Michigan

Financial Analysts earn a median hourly wage of $34.86. Hourly wages typically start from $22.68 and go up to $54.37.

Average Financial Analyst Yearly Salary in Michigan

Financial Analysts earn a median salary of $72,510 per year. Salaries typically start from $47,180 and go up to $113,080.

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.

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

    A bachelors degree is required to be a Financial Analyst. A finance degree is preferred.

  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.

Financial Analyst Earnings by Seniority

Top End Financial Analyst Earnings

The highest earning Financial Analysts in Michigan earn:

$54.37
an hour
$113,080
per year
Senior Financial Analyst Earnings

Senior Financial Analysts in Michigan earn:

$44.17
an hour
$91,880
per year
Experienced Financial Analyst Earnings

Experienced Financial Analysts in Michigan earn:

$34.86
an hour
$72,510
per year
Junior Financial Analyst Earnings

Junior Financial Analysts in Michigan earn:

$27.52
an hour
$57,230
per year
Starting Financial Analyst Earnings

Starting Financial Analysts in Michigan earn:

$22.68
an hour
$47,180
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 58% percent of Business careers in Michigan. Financial Analyst salaries are in the top 75% of all careers in Michigan.

Purchasing Manager Salary in Michigan $94k
Construction Manager Salary in Michigan $82k
Financial Analyst Salary $72k
Search Marketing Strategist Salary in Michigan $70k
Digital Marketing Specialist Salary in Michigan $55k
Credit Analyst Salary in Michigan $48k
Advertising Sales Agent Salary in Michigan $41k
Retail Salesperson Salary in Michigan $20k

Historical salary for Financial Analysts in Michigan

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

    A bachelors degree is required to be a Financial Analyst. A finance degree is preferred.

  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.