Financial Analyst in Detroit, Michigan Salary

A Financial Analyst in Detroit, Michigan earns an average salary of $57,949 per year. People in this job generally don't have more than 10 years' experience. Skills that are associated with high pay for this job are SAP SAP Financial Accounting and Controlling (SAP FICO), Financial Modeling, Microsoft Office, Microsoft Access, and Performance Analysis.

$43,899 - $77,831
$44K
$59K
$78K
MEDIAN: $59,134
10%
50%
90%

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$0$83K
Salary $43,899 - $77,831
Bonus $-0.49 - $7,946
Profit Sharing $1,017
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).
)
$44,254 - $83,322
  • Country: United States
  • Currency: USD
  • Updated: 8 Nov 2017
  • Individuals Reporting: 83

Job Description for Financial Analyst

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.

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Financial Analyst Tasks

  • Provide financial analysis support to various areas of the company.
  • Prepare detailed annual financial budget and monthly financial forecasts.
  • Assist with preparation of weekly, monthly and quarterly financial analysis schedules of actual vs. budget variances.

About Detroit, Michigan

Wayne County, Michigan
677,124
Male:
319,265 (47.2%)
Female:
357,859 (52.8%)
Detroit (/dᵻˈtrɔɪt/) is the most populous city in the U.S. state of Michigan, the fourth-largest city in the Midwest and the largest city on the United States–Canada border. It is the seat of Wayne County, the most populous county in the state. The municipality of Detroit had a 2015 estimated population of 677,116, making it the 21st-most populous city in the United States. The metropolitan area, known as Metro Detroit, is home to 4.3 million people and lies at the heart of the Great Lakes Megalopolis area, with around 60 million people. Roughly one-half of Michigan's population lives in Metro Detroit alone. The Detroit–Windsor area, a commercial link straddling the Canada–U.S. border, has a total population of about 5.7 million. Detroit is a major port on the Detroit River, a strait that connects the Great Lakes system to the Saint Lawrence Seaway. The Detroit Metropolitan Airport is among the most important hubs...
Detroit:
$25,980
Michigan:
$51,084
$747
Detroit:
$42,600
Michigan:
$137,500
10.9%

Financial Analyst Job Listings

Pay by Experience Level for Financial Analyst

Pay by Experience for a Financial Analyst has a positive trend. An entry-level Financial Analyst with less than 5 years of experience can expect to earn an average total compensation of $58,000 based on 93 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Financial Analyst with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $68,000 based on 19 salaries. An experienced Financial Analyst which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $60,000 based on 10 salaries. A Financial Analyst with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $62,000 based on 6 salaries.

Key Stats for Financial Analyst

Gender

Female
30 %
Male
70 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 13 votes.
Less than 1 year
14%
1-4 years
56%
5-9 years
16%
10-19 years
7%
20 years or more
7%

Experience Affects Financial Analyst Salaries

▲13%

Late-Career
▲2%

Experienced
▼0%

National Average
$60,000

▼4%

Skills That Affect Financial Analyst Salaries

SAP SAP Financial Accounting and Controlling (SAP FICO)
▲21%



Microsoft Access
▲9%

Data Modeling
▲8%

Performance Analysis
▲8%

Budget Management
▲7%

Budgeting
▲6%


▲4%


National Average
$60,000

Microsoft Word
▼1%

Accounting
▼2%

Data Analysis
▼3%


Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 13 votes.

Gender

Female
30 %
Male
70 %

Years of Experience

Less than 1 year
14%
1-4 years
56%
5-9 years
16%
10-19 years
7%
20 years or more
7%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 80%
vision benefits
Vision: 70%
no benefits
None: 10%