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Financial Planning Analyst Salary

Earnings for Financial Planning Analysts in the United States come in at around $60K annually on average. 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 $42K and $88K. Career duration is the biggest factor affecting pay for this group, followed by geography. Nearly all enjoy medical while most get dental coverage. Vision coverage is also available to the greater part. Most workers in this position report high levels of job satisfaction. The majority of Financial Planning Analysts (64 percent) who took the survey are men. The information for this snapshot was generated by responses to the PayScale salary survey.
$41,530 - $82,867
(Median)
42K
50K
60K
70K
83K
MEDIAN: $59,753
10%
25%
50%
75%
90%

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$10.30 - $27.82
(Median)
10
17
20
25
28
MEDIAN: $19.00
10%
25%
50%
75%
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
$41,530 - $82,867  
   
Bonus
$0.00 - $9,955  
Profit Sharing
$500 - $6,000  
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).
)
$41,752 - $87,945  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 378
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
$10.30 - $27.82  
   
Overtime
$18.31 - $42.25  
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 - $9,955  
   
Profit Sharing
$500 - $6,000  
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).
)
$41,752 - $87,945  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 22
United States (change)

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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For Financial Planning Analysts, career progression typically leads to a rather large increase in compensation. On average, an upper-level role like a Senior Financial Analyst will earn $74K annually.

Financial Analyst Job Listings

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Popular Skills for Financial Planning Analyst


Financial Planning Analysts generally report applying a varied skill set to their work. Most notably, skills in Financial Reporting, Forecasting, Financial Analysis, and Microsoft Excel are correlated to pay that is above average, with boosts in pay of 4 percent. Skills that seem to negatively impact pay include Microsoft Office. Those proficient in Financial Analysis are, more often than not, also skilled in Microsoft Excel.

Pay Difference by Location


For Financial Planning Analysts, working in the bustling city of Houston has its advantages, including an above-average pay rate. Financial Planning Analysts will also find cushy salaries in Miami (+18 percent). Los Angeles is home to the smallest salaries in the field, lagging the national average by 5 percent.

Related Job Salaries

Experience Affects Financial Planning Analyst Salaries



National Average
$61,000


Skills That Affect Financial Planning Analyst Salaries

Forecasting
up arrow 4%

Financial Reporting
up arrow 4%

Financial Analysis
up arrow 3%

Microsoft Excel
up arrow 1%

National Average
$61,000

Financial Modeling
up arrow 1%

Microsoft Office
up arrow 7%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 111 votes.

Gender

Female
36 %
Male
64 %

Years of Experience

Less than 1 year
5%
1-4 years
56%
5-9 years
25%
10-19 years
12%
20 years or more
3%

Common Health Benefits

medical benefits Medical: 90% dental benefits Dental: 82%
vision benefits Vision: 69% employee benefits None: 7%