The Average Salary of Senior Financial Analyst
Senior financial analysts generally have training in accounting and economics, and are in charge of the financial workings of a corporation. The senior financial analyst plays a very important role in a company, and can be compensated quite handsomely if he or she does the job competently and consistently.
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Annual Income
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According to the Bureau of Labor Statistics, the average annual income for a financial analyst in 2008 was $84,780. A senior financial analyst can earn substantially more than the average, particularly when bonuses and benefits are factored in. According the SalaryList.com, it is not uncommon for annual salary to range up to $250,000.
Hourly Income
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If a senior financial analyst worked a standard work year of 2,000 hours, this would make his or her hourly wage $42.39. Many financial analysts work more than the average of 40 hours per week, which would decrease their average hourly pay.
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Lifetime Income
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If a senior financial analyst earned the average wage of a financial analyst for a full career period of 40 years, his or her total lifetime income would be $3,391,200. A senior financial analyst who was in a senior position for much of that career would probably make over $6 million once bonuses and benefits were accounted for.
Highs and Lows
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The Bureau of Labor and Statistics reveals that the middle half of financial analysts (removing the upper and lower 25 percent) made between $54,930 and $99,100. Senior financial analysts were at or above the upper limit of this average. Analysts in areas with high financial activities and intense competition, such as Manhattan, made more on average than those living in areas with less-dense populations.
Job Prospects
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Job prospects for senior financial analysts are tightly tied to the health of the economy as a whole. When growth is high, there is higher demand for talented and experienced analysts.
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References
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