What is a Financial Analyst?

Committing to becoming a financial analyst with full licensure is a serious decision that requires substantial educational focus before you will be able to succeed, much less take on a C-level or consultant position. Sure, you can get an entry-level position once you graduate with a bachelor's, but completing the process of becoming a CFA can yield high personal compensation, respect, and secure employment with a variety of businesses. To learn whether becoming a CFA is the right strategy for taking your career to the next level, you should start by researching the best path forward.


Financial Analyst Job Description

financial analyst job description

Those who become financial analysts enjoy plenty of career options, but most CFAs choose to work in the corporate environment, finding companies that need their expertise on investment issues, tax, stock and bond trends, regulatory controls, forecasting and modeling knowledge, budgeting, and communication abilities. Finance and banking institutions are the most common employers for CFAs. In general, financial analysts help to guide investment decisions for both corporations through managerial accounting functions and individuals through personal financial accounting, developing their budget and funding plans. The trading of public securities is usually the focus of a CFA’s job function. An advanced aptitude for mathematical calculations is the cornerstone of a financial analyst’s effectiveness, and skills in rapid data analytics and problem-solving enable practitioners to execute profitable trades in the real trading environment. Just some of the corporations that hire financial analysts include Bank of America, Morgan Stanley, Goldman Sachs, JP Morgan, and Deutsche Bank.

Although large financial and banking institutions are the primary employers of CFAs, you are not limited to working with large businesses when you gain your financial analyst license. Individuals who work for private practices in related fields, such as attorneys or accountants, often become CFAs so that they can add more value for their clients in personal finance. Becoming a CFA is a requirement in any field if you want to buy or sell securities on behalf of another party. An attorney who works as an estate planner, for example, would be able to manage a capital investment portfolio throughout the succession process by becoming a CFA as well as work with a client's financial instruments.

Many CFAs also use their skills to become self-employed professionals once they get their careers established. CFAs tend to make an above average amount of money, based on salary information from the Bureau of Labor Statistics (BLS), so they are able to save for financial independence. Once you have accumulated sufficient capital, you can work on your own as a day trader to profit from your expertise. You could even open a small office to practice as an independent CFA in your community, or you can find offers from employers online to maximize your freedom. Successful CFAs can become partners in their firm, and they can find their own financial institutions. This allows you the freedom to find a niche in which you prefer to work such as with stockholders, accounting management for other firms, tax, asset and capital documentation and investment, company loan agreements, insurance agencies, and more. The growth of your career will be entirely determined by the demand on the market, other job applicants with similar credentials, your job performance, and your own choices.

Job Titles for Financial Analysts

job titles

Financial analysts are not limited to specific roles, but there are job positions that require practitioners to become CFAs. In the corporations, common job titles for financial analysts include:

  • Portfolio Manager
  • Research Analyst
  • Corporate Analyst
  • Risk Manager
  • Relationship Manager

According to a report published in 2016 by the CFA Institute, $278,937 was the median salary for a financial analyst with at least 20 years of experience in the job market. Additionally, 3.5% of CFAs are chief financial officers. You can, therefore, expect to earn high compensation in the long run if you dedicate the time and effort necessary for master the ability to analyze financial statements and have client conversations after you get your diploma. You'll definitely be able to move past basic bookkeeping.

What Does A Financial Analyst Do

what does an FA do

Roles that require CFAs involve the buying and selling of securities. In practice, however, most CFAs focus on duties where trading is of secondary importance. Large financial institutions often have dedicated traders who manage the actual execution of trades using strategic information provided by CFAs. In former times, CFAs would compile trade data in spreadsheets for traders and decision makers. Modern software, however, has automated the organization and transfer of data so that CFAs can focus on more advanced roles such as equity research, helping to evaluate a new strategic program, policy, or technology process, and training new finance employees in their duties that they also help recruit. They may also work, on occasion, as financial managers for new projects, where they report new cash flow, building plans, or a purchase of new product, and track changes to the company income statement in real time.

It is important to recognize that the emergence of advanced software tools is only increasing the value of CFAs in the workforce. Although the roles of CFAs are evolving, human input is still necessary for making trading decisions at the strategic level. Competitive firms task CFAs with using modern software to balance subjective factors with data-driven decisions. The actual execution of trades is done by a computer in most cases based on the limitations in human reaction time.

CFAs also fill a wide range of roles that do not directly involve the trading of securities. Financial institutions, for example, often assign experienced CFAs to roles where they interact with internal or external stakeholders, meeting with them and speaking about each decision made by the company leaders. Finance is a complex field, so experienced workers are required to explain the specifics of an investment strategy to clients or even account managers. Since CFAs work at a high level, they are usually the first candidates for promotion to managerial roles within the hierarchy of a financial institution. While a doctorate might seem like a necessary degree to boost you above the fray, a master's in business administration (MBA) would likely be more than enough, combined with your license, to give you authority in the field.

Day in the Life of a Financial Analyst

day in the life as a CFA

If you decide to get a job in the corporate environment after becoming a CFA, you can expect to be immersed in a fast and competitive workplace. CFAs can earn sizable bonuses for high performance, so the most successful practitioners are usually driven and are looking for development of their skills and rapid advancement. Networking is a main driver of career success for CFAs since connections can yield specialized knowledge about the latest trading strategies or upcoming market trends, so don't skip that networking meeting, even if it feels like it might be useless.

Financial analysts spend full days working with advanced financial software to make trading decisions. Trades have to be executed in a fraction of a second in the modern world, so most of a CFA’s work involves preparing automated trading software for future contingencies. Computers tend to do most of the complex calculations, but an understanding of the algorithms that are applied is still necessary for efficient performance. Financial analysts also spend a substantial portion of their day meeting with account managers, traders, and other stakeholders who depend on their work in order to provide reports and keep them well informed.

Education Requirements for Financial Analysts

education requirements

The financial services industry is heavily regulated, so you should expect to complete an extensive education before getting your first job. As a prerequisite for initiating the licensing process, you will first need to obtain an undergraduate degree from the school of your choice. You can legally obtain a license with a degree in any field, but you should strive to complete your formal studies in a field related to business or finance so that you can add maximum value in future roles. Many people who aim to become financial analysts major in a learning field related to finance, such as statistics, math, or economics.

Earning a degree as a student in a field related to finance gives you better chances of finding a high-paying job as a financial analyst after graduation. Leading firms look for candidates who possess knowledge that will compound their ability to add value in the practical work environment. Mathematical computations are a major part of a financial analyst's work, so training that demonstrates exceptional abilities in mathematics is a strong differentiator when you first enter the workforce.

You should keep in mind that financial analysts often obtain multiple licenses to show additional value to potential employers. Accounting is closely related to finance, so many CFAs also become certified public accountants or certified management accountants. If you are highly ambitious, you may even want to consider the possibility of earning your law degree or MBA after graduation. Financial analysts who are licensed to practice law can do many of the high-level tasks that banks and other financial institutions need to complete on behalf of their clients, and an MBA positions a CFA for rapid advancement into managerial roles.

The key to realizing maximum return on investment from your education is to conduct sufficient research before you begin. You should develop a clear career path so that you will be able to recognize relevant opportunities that will boost your credentials before graduation. For example, reputable business schools work closely with financial institutions to offer mentorships and internships, and these extracurricular pursuits can simplify the process of finding a good job when they match your career goals. Make sure you know the full content of the degree you are earning before you sign up.

Degree Options for Becoming a Financial Analyst

degree requirements and earning potential

When you start your journey to becoming a financial analyst, you can meet the legal requirement of earning an undergraduate degree through a broad range of conventional and unconventional channels. Most students choose the customary approach of taking courses in a classroom setting. If you live in a major U.S. city, there are likely dozens of schools that you can choose from for earning a business degree without relocating. You also have the option of applying to leading universities throughout the country to earn your degree from a revered institution but doing so can be expensive if you do not qualify for scholarships or financial aid.

The digital revolution has transformed the process of earning a degree for students who are willing to study in an unconventional way. A majority of reputable universities now offer classes online that you can take from anywhere in the world. Students can take classes at the university of their choice without being physically tied down to their school's campus. You can, therefore, work in a city where you can find a job while earning a degree at your ideal university.

Online classes can be less expensive that studying in a classroom setting since many of the overhead expenses associated with classrooms are eliminated when studying online. Employers are also willing to pay for online classes in many cases when your studies are related to your current work. Schools that offer online classes recognize the importance of maximizing flexibility for students who study in different time zones or on a part-time basis. You can, therefore, expect online universities to give you the option of watching lectures at your own convenience or extending deadlines when you can document a busy schedule.

The flexibility associated with the modern education system makes it practical to pursue graduate-level studies after completing your bachelor's degree. Financial analysts can earn a master's degree in finance, accounting, statistics, or other related fields to maximize their income potential. Leading employers are usually happy to pay for a master's degree as long as you agree to continue working for your employer after graduation. Some employers will even pay for you to study on a full-time basis when you can demonstrate an exceptional aptitude for financial analysis.

Earning Your Certification and Getting a License

Upon completing your undergraduate degree, your next step before starting your career is to get certified. The CFA Institute is an international organization that administers the certification exam for financial analysts around the world. You will not, therefore, need to obtain multiple certifications to practice across state lines or in foreign countries.

1

The CFA Exam

The CFA exam is broken into three levels, and you will have to pass every level to practice as a financial analyst. You can take the CFA exam in a single day by visiting a testing center authorized by the CFA Institute. Degree programs ordinarily organize curricula around preparing students for passing the CFA exam immediately after graduation, but the reality is that most students will need to spend at least a month preparing for the exam. Employers often ask for your test scores before agreeing to hire you, so it is important to earn the highest score possible.

2

Licensure

Once you pass the CFA exam, you can go through the final step of obtaining your license, which is officially referred to as a charter. You will need to gather together a substantial amount of paperwork to prove your eligibility, such as proof of graduation and certified test scores. Candidates for the CFA exam must be members of their local chapter of the CFA Institute. You will also need at least 48 months of work experience, but this experience can be earned in any field. Many students succeed at meeting the work experience needed by getting a job in the finance department of a business while in college. You do not have to work in the capacity of a financial analyst for this, but employers give new financial analysts more consideration when they have experience in a relevant field.

Planning Your Path Forward

Becoming a credentialed CFA will give your career a significant boost since you can, then, put the CFA designation next to your name on resumes and business cards. Professionals in the financial services industry know the difficulties associated with passing the CFA exam, so you can expect leaders in your organization to look up to you for your new credentials. The journey toward becoming a CFA requires substantial personal investment, so it is critical to plan your path forward in advance to ensure that you get optimal results. The key to starting your career from an optimal position as a CFA is to conduct sufficient research from the beginning. Aspiring financial analysts who know exactly what they need for success are able to make decisions that will yield high compensation and rapid advancement.


Financial Analyst Salary by States and Major Cities

City Annual Median Wage
Huntsville $56,400
Birmingham $61,500
Columbus $69,620
Mobile $62,000
Montgomery $54,900
Annual Mean Wage 10th Percentile 25th percentile 50th percentile 75th percentile 90th percentile
$88,640 $49,920 $62,650 $81,110 $102,090 $128,930
City Annual Median Wage
Anchorage $68,900
Annual Mean Wage 10th Percentile 25th percentile 50th percentile 75th percentile 90th percentile
$109,330 $46,910 $67,890 $90,950 $126,100 $194,540
City Annual Median Wage
Phoenix $59,300
Yuma $56,010
Flagstaff $77,200
Tucson $59,900
Annual Mean Wage 10th Percentile 25th percentile 50th percentile 75th percentile 90th percentile
$78,650 $46,790 $57,980 $74,170 $93,500 $117,740
City Annual Median Wage
Texarkana $66,840
Little Rock $53,800
Fort Smith $45,000
Fayetteville $55,000
Annual Mean Wage 10th Percentile 25th percentile 50th percentile 75th percentile 90th percentile
$73,210 $39,970 $51,520 $69,100 $94,800 $115,660
City Annual Median Wage
Anaheim-Santa Ana $59,600
Bakersfield $55,300
Chico $62,000
Fresno $57,200
Los Angeles $64,400
Los Angeles-Long Beach-Anaheim $70,160
Los Angeles-Long Beach-Glendale $61,730
Merced $73,500
Modesto $64,300
Napa $62,400
Oakland-Hayward-Berkeley $64,800
Oxnard-Thousand Oaks $73,200
Riverside-San Bernardino $58,900
Sacramento--Roseville $67,800
Salinas $69,500
San Diego-Carlsbad $65,300
San Francisco $76,400
San Francisco-Oakland-Hayward $76,890
San Francisco-Redwood City-South San Francisco $85,130
San Jose-Sunnyvale $74,100
San Luis Obispo-Paso Robles $103,580
San Rafael $80,000
Santa Cruz $77,600
Santa Maria-Santa Barbara $48,500
Santa Rosa $71,700
Stockton-Lodi $63,500
Vallejo-Fairfield $74,040
Annual Mean Wage 10th Percentile 25th percentile 50th percentile 75th percentile 90th percentile
$109,580 $56,770 $72,340 $94,430 $128,120 $179,550
City Annual Median Wage
Denver $62,000
Boulder $64,800
Colorado Springs $61,000
Fort Collins $90,000
Greeley $68,400
Annual Mean Wage 10th Percentile 25th percentile 50th percentile 75th percentile 90th percentile
$110,290 $46,620 $59,800 $84,650 $130,090 -
City Annual Median Wage
Bridgeport $75,000
Hartford $61,600
New Haven $70,600
Danbury $53,000
Waterbury $57,200
Annual Mean Wage 10th Percentile 25th percentile 50th percentile 75th percentile 90th percentile
$108,820 $55,720 $69,420 $91,600 $122,020 $190,210
City Annual Median Wage
Wilmington $60,100
Salisbury $46,800
Dover $51,000
Annual Mean Wage 10th Percentile 25th percentile 50th percentile 75th percentile 90th percentile
$86,400 $52,460 $58,200 $71,390 $104,240 $143,520
City Annual Median Wage
Arlington $78,310
Washington DC $54,300
Annual Mean Wage 10th Percentile 25th percentile 50th percentile 75th percentile 90th percentile
$104,860 $59,040 $71,990 $92,670 $125,900 $165,670
City Annual Median Wage
Cape Coral-Fort Myers $57,000
Fort Lauderdale $57,000
Tampa $55,400
Miami $58,400
Orlando $55,800
Crestview $68,880
Deltona $83,150
Gainesville $59,400
Tallahassee $55,000
Pensacola $52,400
Ocala $52,000
Lakeland $53,000
Jacksonville $54,300
Gainesville $59,400
Annual Mean Wage 10th Percentile 25th percentile 50th percentile 75th percentile 90th percentile
$76,000 $43,750 $53,930 $69,390 $89,050 $116,250
City Annual Median Wage
Atlanta $60,000
Savannah $52,500
Macon $52,400
Columbus $58,700
Augusta $59,300
Athens $58,700
Chattanooga $60,000
Dalton $43,400
Macon $60,080
Gainesville $53,800
Savannah $52,500
Annual Mean Wage 10th Percentile 25th percentile 50th percentile 75th percentile 90th percentile
$80,190 $47,780 $58,120 $73,360 $93,880 $118,130
City Annual Median Wage
Honolulu $61,800
Annual Mean Wage 10th Percentile 25th percentile 50th percentile 75th percentile 90th percentile
$77,260 $47,570 $58,210 $74,340 $93,010 $116,510
City Annual Median Wage
Boise $63,600
Idaho Falls, ID $56,000
Annual Mean Wage 10th Percentile 25th percentile 50th percentile 75th percentile 90th percentile
$74,150 $45,580 $55,810 $70,090 $90,910 $105,170
City Annual Median Wage
Chicago $62,100
Bloomington $53,400
Champain-Urbana $49,900
Davenport $70,590
Elgin $43,500
Lake County $66,120
Peoria $59,000
Rockford $54,400
Springfield $46,000
St. Louis, MO- $71,670
Annual Mean Wage 10th Percentile 25th percentile 50th percentile 75th percentile 90th percentile
$89,860 $50,230 $60,960 $78,070 $99,750 $136,150
City Annual Median Wage
Indianapolis-Carmel IN $58,500
Fort Wayne IN $53,400
Gary $72,500
Muncie $34,800
Chicago-Naperville $73,050
Cincinnati $79,160
Elkhart-Goshen $52,500
Evansville $52,600
Lafayette-West Lafayette $52,800
Louisville/Jefferson County $52,000
South Bend $47,400
Terre Haute $68,020
Annual Mean Wage 10th Percentile 25th percentile 50th percentile 75th percentile 90th percentile
$73,680 $45,380 $55,200 $68,710 $84,840 $113,000
City Annual Median Wage
Des Moines $54,700
Dubuque $53,000
Sioux City $45,800
Ames $47,700
Cedar Rapids $53,300
Davenport-Moline-Rock Island $65,000
Omaha-Council Bluffs $62,290
Sioux City $79,370
Waterloo-Cedar Falls $56,500
Annual Mean Wage 10th Percentile 25th percentile 50th percentile 75th percentile 90th percentile
$78,450 $48,490 $58,200 $72,350 $92,040 $115,360
City Annual Median Wage
Wichita $60,000
Topeka $46,200
Annual Mean Wage 10th Percentile 25th percentile 50th percentile 75th percentile 90th percentile
$73,600 $45,020 $53,870 $66,700 $84,040 $105,360
City Annual Median Wage
Lexington $55,800
Evansville $52,600
Elizabethtown $44,000
Lexington-Fayette $79,530
Louisville/Jefferson County $53,600
Annual Mean Wage 10th Percentile 25th percentile 50th percentile 75th percentile 90th percentile
$70,180 $37,630 $48,210 $63,900 $83,060 $103,660
City Annual Median Wage
Lafayette $53,900
Baton Rouge $64,700
New Orleans $60,600
Lake Charles $60,000
Shreveport $55,600
Bossier City -
Annual Mean Wage 10th Percentile 25th percentile 50th percentile 75th percentile 90th percentile
$81,880 $42,770 $51,780 $67,280 $92,700 $138,780
City Annual Median Wage
Portland $60,700
Portsmouth $55,000
Annual Mean Wage 10th Percentile 25th percentile 50th percentile 75th percentile 90th percentile
$76,380 $53,240 $62,880 $74,200 $86,120 $103,660
City Annual Median Wage
Baltimore $58,900
Towson $55,000
Salisbury $46,800
California $70,200
Philadelphia $81,390
Annual Mean Wage 10th Percentile 25th percentile 50th percentile 75th percentile 90th percentile
$97,120 $53,500 $64,310 $82,940 $111,200 $153,410
City Annual Median Wage
Boston $64,200
Springfield $62,400
Worcester $60,100
Barnstable Town $61,680
Leominster-Gardner $74,940
New Bedford $51,800
Pittsfield $65,900
Annual Mean Wage 10th Percentile 25th percentile 50th percentile 75th percentile 90th percentile
$97,690 $55,570 $67,710 $86,880 $107,920 $156,260
City Annual Median Wage
Detriot $60,200
Grand Rapids $57,000
Warren $56,300
Flint $45,000
Grand Rapids $57,000
Jackson $77,500
Kalamazoo-Portage $53,000
Lansing-East Lansing $63,200
Midland $59,000
Monroe $77,160
Niles-Benton Harbor $110,060
South Bend-Mishawaka $55,000
Annual Mean Wage 10th Percentile 25th percentile 50th percentile 75th percentile 90th percentile
$81,950 $51,650 $61,250 $76,740 $97,570 $120,410
City Annual Median Wage
Duluth $58,000
Fargo $77,770
St. Cloud $62,500
Minneapolis $60,300
La Crosse-Onalaska $96,670
Annual Mean Wage 10th Percentile 25th percentile 50th percentile 75th percentile 90th percentile
$91,420 $53,170 $65,340 $83,290 $106,990 $142,490
City Annual Median Wage
Gulfport-Biloxi Area $68,270
Hattiesburg $48,500
Jackson $54,500
Annual Mean Wage 10th Percentile 25th percentile 50th percentile 75th percentile 90th percentile
$77,850 $39,470 $55,570 $72,640 $92,340
City Annual Median Wage
Jefferson City $45,000
Joplin $56,000
Kansas City $54,400
St. Louis $58,400
Columbia $45,800
Fayetteville $70,880
Springfield $62,200
Annual Mean Wage 10th Percentile 25th percentile 50th percentile 75th percentile 90th percentile
$94,930 $49,930 $61,470 $81,040 $105,950 $155,360
City Annual Median Wage
Billings $38,000
Missoula $115,220
Annual Mean Wage 10th Percentile 25th percentile 50th percentile 75th percentile 90th percentile
$98,230 $49,950 $61,030 $77,100 $112,130 $133,100
City Annual Median Wage
Lincoln $58,600
Omaha $58,400
Annual Mean Wage 10th Percentile 25th percentile 50th percentile 75th percentile 90th percentile
$70,220 $46,680 $55,240 $67,580 $81,040 $98,370
City Annual Median Wage
Las Vegas $59,300
Reno $58,400
Annual Mean Wage 10th Percentile 25th percentile 50th percentile 75th percentile 90th percentile
$80,200 $50,920 $60,540 $73,530 $93,000 $123,810
City Annual Median Wage
Manchester $60,000
Nashua $65,600
Portsmouth $55,000
Annual Mean Wage 10th Percentile 25th percentile 50th percentile 75th percentile 90th percentile
$79,030 $41,430 $52,860 $66,160 $95,220 $147,680
City Annual Median Wage
Atlantic City $47,000
Camden $66,000
Newark $63,300
Trenton $53,000
Annual Mean Wage 10th Percentile 25th percentile 50th percentile 75th percentile 90th percentile
$105,110 $59,350 $72,110 $93,360 $124,590 $163,220
City Annual Median Wage
Albuquerque $56,500
Las Cruces $72,050
Santa Fe $57,800
Annual Mean Wage 10th Percentile 25th percentile 50th percentile 75th percentile 90th percentile
$96,960 $48,950 $60,400 $76,480 $125,530 $159,600
City Annual Median Wage
Albany-Schenectady-Troy $54,300
Binghamton $50,000
Buffalo $53,500
Dutchess County $72,920
Ithaca $48,000
Rochester $56,300
Syracuse $52,200
Utica-Rome $51,000
Watertown-Fort Drum $50,000
Annual Mean Wage 10th Percentile 25th percentile 50th percentile 75th percentile 90th percentile
$134,560 $64,340 $81,370 $108,060 $168,300 -
City Annual Median Wage
Asheville $58,800
Durham $60,500
Chapel Hill $80,000
Fayetteville $54,000
Greensboro $57,300
Greenville $47,500
Hickory-Lenoir-Morganton $83,870
Myrtle Beach $52,000
Raleigh $58,900
Virginia Beach $54,000
Wilmington $54,300
Winston-Salem $59,600
Annual Mean Wage 10th Percentile 25th percentile 50th percentile 75th percentile 90th percentile
$87,900 $51,250 $61,470 $80,100 $101,300 $133,640
City Annual Median Wage
Bismarck $69,020
Annual Mean Wage 10th Percentile 25th percentile 50th percentile 75th percentile 90th percentile
$74,150 $42,260 $52,500 $67,290 $80,600 $102,250
City Annual Median Wage
Akron $57,200
Canton $68,000
Massillon -
Cincinnati $60,800
Cleveland $56,200
Elyria $51,800
Columbus $57,900
Dayton $58,400
Huntington-Ashland $45,880
Springfield $53,900
Toledo $60,200
Wheeling $84,970
Youngstown-Warren-Boardman $50,000
Annual Mean Wage 10th Percentile 25th percentile 50th percentile 75th percentile 90th percentile
$80,830 $47,380 $57,570 $72,760 $95,450 $123,700
City Annual Median Wage
Fort Smith $60,500
Oklahoma City $52,500
Tulsa $56,300
Annual Mean Wage 10th Percentile 25th percentile 50th percentile 75th percentile 90th percentile
$73,190 $41,330 $48,530 $65,790 $89,230 $119,200
City Annual Median Wage
Eugene $69,500
Portland-Vancouver $60,800
Hillsboro $77,500
Salem $50,000
Annual Mean Wage 10th Percentile 25th percentile 50th percentile 75th percentile 90th percentile
$92,720 $52,900 $67,780 $85,850 $107,340 $135,450
City Annual Median Wage
Altoona $31,900
Bloomsburg-Berwick $69,210
Erie $42,200
Harrisburg-Carlisle $53,600
Johnstown $47,500
Lancaster $64,800
Pittsburgh $56,000
Reading $53,100
Scranton $46,600
State College $67,490
York $57,000
Hanover $61,900
Youngstown $50,000
Warren $62,000
Boardman -
Annual Mean Wage 10th Percentile 25th percentile 50th percentile 75th percentile 90th percentile
$89,120 $49,210 $60,600 $78,600 $104,910 $138,780
Annual Mean Wage 10th Percentile 25th percentile 50th percentile 75th percentile 90th percentile
$58,050 $32,360 $38,930 $52,330 $71,150 $94,320
City Annual Median Wage
Norwich-New London-Westerly $56,780
Providence $59,000
Warwick $61,500
Annual Mean Wage 10th Percentile 25th percentile 50th percentile 75th percentile 90th percentile
$78,640 $52,510 $62,310 $75,220 $92,550 $114,380
City Annual Median Wage
Augusta-Richmond County $75,740
Charleston-North Charleston $59,200
Charlotte-Concord-Gastonia $61,390
Columbia $56,900
Florence $60,000
Greenville $60,000
Anderson $50,100
Mauldin -
Hilton Head Island $56,500
Bluffton $65,000
Myrtle Beach $52,000
Spartanburg $59,000
Sumter $76,080
Annual Mean Wage 10th Percentile 25th percentile 50th percentile 75th percentile 90th percentile
$73,490 $39,740 $51,700 $65,950 $83,590 $112,110
City Annual Median Wage
Rapid City $44,800
Sioux City $79,370
Sioux Falls $59,100
Annual Mean Wage 10th Percentile 25th percentile 50th percentile 75th percentile 90th percentile
$73,320 $45,370 $54,790 $67,890 $84,740 $104,000
City Annual Median Wage
Chattanooga $53,500
Jackson $67,407
Johnson City $48,600
Kingsport $71,290
Knoxville $51,400
Memphis $61,400
Nashville $59,500
Annual Mean Wage 10th Percentile 25th percentile 50th percentile 75th percentile 90th percentile
$76,390 $44,110 $55,850 $70,850 $89,550 $113,710
City Annual Median Wage
Austin $62,500
Dallas $60,700
Fort Worth $58,600
Dallas-Plano $60,700
Irving $58,200
Fort Worth $72,730
Houston $66,826
Sugar Land $65,500
Baytown $65,200
Amarillo $78,710
Corpus Christi $77,500
El Paso $40,100
Killeen $38,000
Temple $54,500
Lubbock $46,000
McAllen-Mission $46,700
Edinburg $60,000
Midland $81,200
San Angelo $77,440
San Antonio-New Braunfels $60,200
Texarkana $63,900
Tyler $59,000
Waco $55,000
Annual Mean Wage 10th Percentile 25th percentile 50th percentile 75th percentile 90th percentile
$92,690 $50,940 $62,710 $81,850 $105,550 $147,580
City Annual Median Wage
Ogden $54,200
Provo $60,000
Salt Lake City $73,590
Annual Mean Wage 10th Percentile 25th percentile 50th percentile 75th percentile 90th percentile
$81,370 $42,060 $53,460 $73,740 $97,240 $127,600
City Annual Median Wage
Burlington $55,700
Annual Mean Wage 10th Percentile 25th percentile 50th percentile 75th percentile 90th percentile
$84,050 $47,590 $58,980 $74,330 $100,030 $132,080
City Annual Median Wage
Blacksburg $54,200
Charlottesville $47,500
Kingsport $71,290
Lynchburg $56,000
Virginia Beach $54,000
Roanoke $51,400
Annual Mean Wage 10th Percentile 25th percentile 50th percentile 75th percentile 90th percentile
$92,910 $54,940 $67,840 $85,060 $110,010 $134,990
City Annual Median Wage
Tacoma $59,100
Bellingham $45,000
Kennewick $52,300
Richland $52,900
Olympia $70,000
Portland $52,620
Seattle $68,200
Tacoma $59,100
Bellevue $61,400
Spokane-Spokane Valley $56,100
Walla Walla $58,000
Yakima $55,500
Annual Mean Wage 10th Percentile 25th percentile 50th percentile 75th percentile 90th percentile
$85,860 $46,240 $59,180 $79,090 $104,570 $133,540
City Annual Median Wage
Charleston $56,800
Huntington-Ashland $64,320
Morgantown $65,910
Wheeling $37,000
Annual Mean Wage 10th Percentile 25th percentile 50th percentile 75th percentile 90th percentile
$73,850 $43,180 $52,350 $79,090 $89,990 $114,470
City Annual Median Wage
Appleton $56,200
Eau Claire $45,700
Madison $60,600
Milwaukee $57,800
Green Bay $68,900
Oshkosh $47,600
Neenah $56,600
Racine $62,200
Wausau $62,200
Janesville $45,000
La Crosse-Onalaska $60,300
Annual Mean Wage 10th Percentile 25th percentile 50th percentile 75th percentile 90th percentile
$79,580 $46,220 $56,640 $71,600 $91,420 $124,590
Annual Mean Wage 10th Percentile 25th percentile 50th percentile 75th percentile 90th percentile
$111,210 $53,310 $61,060 $76,990 $118,420 -
A Day in the Life - Preschool Teacher