Financial Planning Analyst Salary

The average Financial Planning Analyst in the United States earns approximately $61K per year. In the world of Financial Planning Analysts, total cash compensation can vary between $43K and $91K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $10K and $6K, respectively. This group's pay is mainly influenced by experience level, followed by the particular city and the individual firm. Men account for the majority of Financial Planning Analysts who responded to the questionnaire — 67 percent to be exact. Most Financial Planning Analysts like their work and job satisfaction is high. Almost all report receiving medical coverage from their employers and a large number collect dental insurance.

$44,245 - $85,674
(Median)
$44K
$61K
$86K
MEDIAN: $60,831
10%
50%
90%

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$12.26 - $27.82
(Median)
$12
$20
$28
MEDIAN: $20
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$31K$62K$93K
Salary
$44,245 - $85,674  
   
Bonus
$0.00 - $9,846  
Profit Sharing
$10.00 - $5,600  
Commission
$10,500  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$43,223 - $90,566  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 377
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$16$32$48
Hourly Rate
$12.26 - $27.82  
   
Overtime
$33.68  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$32K$64K$96K
Bonus
$0.00 - $9,846  
   
Commission
$10,500  
Profit Sharing
$10.00 - $5,600  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$43,223 - $90,566  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 22
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Job Description for Financial Planning Analyst

The people who study potential areas for investment (such as technology, utilities, real estate, and many others) and attempt to forecast how strong those markets will be going forward are financial planning analysts. Financial planning analysts look at industry data from the market sector to which they are assigned and attempt to forecast trends. They also look at any legislation, regulations, or court cases that might affect their respective field of analysis. The analyst also looks at the economy in general and attempts to help other members of a financial institution's planning and investment team best invest the firm's money and determine how to advise clients. Financial planning analysts typically work in an office environment in banks or investment houses, normally during regular business hours.

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Financial Planning Analyst Tasks

  • Assess trends in client and market behavior and modify strategies to optimize financial growth.
  • Manage portfolios and update customers on current or future developments.
  • Create financial strategies for customers in line with their desires and resources.
  • Manage client relationships and grow customer base.

Common Career Paths for Financial Planning Analyst


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Financial Planning Analysts often transition into Senior Financial Analyst positions, for which compensation tends to be much higher. On average, Senior Financial Analysts earn $75K per year.

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Popular Employer Salaries for Financial Planning Analyst


Popular Skills for Financial Planning Analyst


Overall, survey participants reported applying a fair number of skills to their work. Most notably, skills in Forecasting, Financial Analysis, Financial Reporting, and Microsoft Excel are correlated to pay that is above average. Skills that pay less than market rate include Process Improvement, Budget Management, and Budgeting. For most people, competency in Financial Analysis indicates knowledge of Microsoft Excel.

Pay Difference by Location

National Average: $61,607

Larger city markers indicate a job is popular in that location.

For Financial Planning Analysts, Houston provides a pay rate that is 29 percent greater than the national average. Financial Planning Analysts will also find cushy salaries in Seattle (+10 percent) and Miami (+2 percent). Location is a huge contributor to overall pay, with Financial Planning Analysts in Pittsburgh earning a whopping 21 percent below the national average. Below-median salaries also turn up in St. Louis and Los Angeles (17 percent lower and 6 percent lower, respectively).

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Experience Affects Financial Planning Analyst Salaries



National Average
$62,000


Skills That Affect Financial Planning Analyst Salaries

Financial Analysis
up arrow 1%

Forecasting
up arrow 1%

Microsoft Excel
0%

Financial Reporting
0%

National Average
$62,000

Financial Modeling
up arrow 1%


Budgeting
up arrow 14%

Budget Management
up arrow 16%

Process Improvement
up arrow 17%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 67 votes.

Gender

Female
33 %
Male
67 %

Years of Experience

Less than 1 year
6%
1-4 years
57%
5-9 years
22%
10-19 years
13%
20 years or more
2%

Common Health Benefits

medical benefits
Medical: 92%
dental benefits
Dental: 83%
medical benefits
Vision: 75%
dental benefits
None: 7%
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