The average salary for a Financial Analyst in Canada is C$59,125.
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What Do Financial Analysts Do?
Corporations and businesses typically have a responsibility to shareholders and owners to use earned income in a way that builds company wealth. A financial analyst carefully studies marketplace trends, demographics and microeconomic factors to help the company make smart investments. The financial analyst may also provide advice to companies on issuing their own bonds, splitting stock and other areas of concern.
One of the most important roles for a financial analyst is to fully understand how…Read more
Financial Analyst Tasks
- Assist with preparation of weekly, monthly and quarterly financial analysis schedules of actual vs. budget variances.
- Prepare detailed annual financial budget and monthly financial forecasts.
- Provide financial analysis support to various areas of the company.
Job Satisfaction for Financial Analyst
Popular Employer Salaries for Financial Analyst
The top respondents for the job title Financial Analyst are from the companies Bombardier, Loblaw's Company Limited and Deloitte. Reported salaries are highest at Bombardier where the average pay is C$66,948. Other companies that offer high salaries for this role include SNC-Lavalin Inc. and Deloitte, earning around C$64,000 and C$51,500, respectively. Loblaw's pays the lowest at around C$43,229. Loblaw's Company Limited and TD Canada also pay on the lower end of the scale, paying C$47,495 and C$48,980, respectively.
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Somewhat common (8 - 20%)
Financial Analyst Job Listings
What Are Popular Skills for Financial Analysts?
Skills in Financial Analysis and Financial Reporting are correlated to pay that is above average. Skills that pay less than market rate include Data Analysis, Accounting and Microsoft Excel.
What is the Pay by Experience Level for Financial Analysts?
An entry-level Financial Analyst with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of C$50,197 based on 161 salaries. An early career Financial Analyst with 1-4 years of experience earns an average total compensation of C$56,556 based on 1,319 salaries. A mid-career Financial Analyst with 5-9 years of experience earns an average total compensation of C$65,410 based on 539 salaries. An experienced Financial Analyst with 10-19 years of experience earns an average total compensation of C$67,899 based on 290 salaries. In their late career (20 years and higher), employees earn an average total compensation of C$69,899.
Pay Difference by Location
Employees with Financial Analyst in their job title in Calgary, Alberta earn an average of 17.5% more than the national average. These job titles also find higher than average salaries in Vancouver, British Columbia (6.9% more) and Toronto, Ontario (1.1% more). The lowest salaries can be found in Winnipeg, Manitoba (15.4% less), Ottawa, Ontario (5.5% less) and Mississauga, Ontario (4.5% less).
Years of Experience
This data is based on 2,378 survey responses.