Financial Planning Analyst Salary

Median pay for Financial Planning Analysts in the United States lies in the neighborhood of $60K annually. Total incomes of Financial Planning Analysts incorporate potential for, in a few cases, more than $10K from bonuses and close to $6K from profit sharing; these performance components cause packages to range between $43K and $89K. Career duration is the biggest factor affecting pay for this group, followed by geography. Nearly all report receiving medical coverage from their employers and most collect dental insurance. More than half of Financial Planning Analysts (66 percent) survey respondents are men. Job satisfaction for Financial Planning Analysts is high. Figures cited in this summary are based on replies to PayScale's salary questionnaire.

$42,568 - $83,215
(Median)
$43K
$60K
$83K
MEDIAN: $60,125
10%
50%
90%

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$12.08 - $27.99
(Median)
$12
$20
$28
MEDIAN: $20
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$30K$60K$90K
Salary
$42,568 - $83,215  
   
Bonus
$0.00 - $9,868  
Profit Sharing
$489.36 - $6,128  
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).
)
$42,540 - $88,822  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 350
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$15$30$45
Hourly Rate
$12.08 - $27.99  
   
Overtime
$27.00 - $42.98  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$30K$60K$90K
Bonus
$0.00 - $9,868  
   
Profit Sharing
$489.36 - $6,128  
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).
)
$42,540 - $88,822  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 20
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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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Many Financial Planning Analysts move into a Senior Financial Analyst role, and folks who currently hold that position report a much higher median income of $75K per year.

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Popular Skills for Financial Planning Analyst


Financial Planning Analysts report using a pretty varied skill set on the job. Most notably, skills in Forecasting, Financial Analysis, Financial Modeling, and Financial Reporting are correlated to pay that is above average. Skills that seem to negatively impact pay include Microsoft Office and Budgeting. Those familiar with Financial Analysis also tend to know Microsoft Excel.

Pay Difference by Location


Home to some of the best pay for Financial Planning Analysts, Houston offers exceptional salaries, 26 percent above the national average. Financial Planning Analysts will also find cushy salaries in Miami (+10 percent) and Seattle (+4 percent). Falling short of the national average by 7 percent, the area with the worst salaries is New York.

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Experience Affects Financial Planning Analyst Salaries



National Average
$61,000


Skills That Affect Financial Planning Analyst Salaries

Forecasting
up arrow 3%

Financial Analysis
up arrow 2%

Microsoft Excel
0%

Financial Modeling
0%

Financial Reporting
0%

National Average
$61,000

Budgeting
up arrow 5%

Microsoft Office
up arrow 7%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 76 votes.

Gender

Female
34 %
Male
66 %

Years of Experience

Less than 1 year
5%
1-4 years
56%
5-9 years
24%
10-19 years
13%
20 years or more
2%

Common Health Benefits

medical benefits Medical: 90% dental benefits Dental: 82%
vision benefits Vision: 70% employee benefits None: 7%
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