Financial Analysts in Michigan
Get the information you need to know about working as a Financial Analyst.
You’re in luck! Jobs for Financial Analysts in Michigan are projected to grow and these jobs tend to pay higher than average.
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Projected employment for Financial Analysts in Michigan is growing faster than average.
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Financial Analysts in Michigan earn higher salaries than the typical U.S. wage earner.
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How Many Financial Analysts Work in Michigan?
In 2018, there were 6,090 Financial Analysts working in the state.
There were 6,220 Financial Analysts employed in this state in 2017.
That’s a decline of 130 jobs between 2017 and 2018.
The typical state has 2,900 Financial Analysts working in it, which means Michigan has more Financial Analysts than average.
Job Projections for Michigan
Jobs for Financial Analysts in this state are growing at a rate of 9.3% which is slower than the nationwide estimated projection of 10.8%.
Michigan Annual Job Openings
The BLS estimates there will be 610 annual job openings, and 6,910 total jobs in 2026 for Financial Analysts in this state.
Nationwide, the prediction is 29,000 annual jobs and 328,200 total jobs in 2026.
What do Financial Analysts Make in Michigan?
In 2018 wages for Financial Analysts ranged from $53,120 to $122,880 with $78,490 being the median annual salary.
Broken down to an hourly rate, workers in this field made anywhere from $25.54 to $59.08. The median hourly rate was $37.74.
Workers in this field were paid a median of $36.9 an hour in 2017.
The hourly rate grew by $0.84.
The median salary in Michigan is higher than the nationwide median salary.
Top Michigan Metros for Financial Analysts
The table below shows some of the metros in this state with the most Financial Analysts.
| Metro | Number Employed | Annual Median Salary |
|---|---|---|
| Detroit-Warren-Dearborn, MI | 3,920 | $82,480 |
| Grand Rapids-Wyoming, MI | 540 | $70,610 |
| Lansing-East Lansing, MI | 360 | $66,850 |
| Ann Arbor, MI | 300 | $72,430 |
| Kalamazoo-Portage, MI | 150 | $70,560 |
| South Bend-Mishawaka, IN-MI | 110 | $70,600 |
| Flint, MI | 110 | $80,770 |
| Jackson, MI | 100 | $94,130 |
| Niles-Benton Harbor, MI | 80 | $86,180 |
| Battle Creek, MI | 50 | $78,060 |
| Monroe, MI | 40 | $89,900 |
| Muskegon, MI | 30 | $78,850 |
Top States for Financial Analysts Employment
View the list below to see where most Financial Analysts work.
| State | Number Employed | Annual Median Salary |
|---|---|---|
| New York | 53,250 | $107,160 |
| California | 37,900 | $95,680 |
| Texas | 26,850 | $83,060 |
| Illinois | 14,810 | $79,310 |
| Massachusetts | 13,400 | $87,060 |
| Florida | 13,400 | $69,060 |
| Pennsylvania | 11,980 | $82,010 |
| New Jersey | 10,560 | $94,070 |
| Ohio | 9,260 | $71,920 |
| North Carolina | 8,930 | $80,740 |
| Virginia | 8,550 | $86,550 |
| Georgia | 7,400 | $75,230 |
| Washington | 6,480 | $80,300 |
| Minnesota | 6,320 | $85,940 |
| Connecticut | 6,240 | $92,470 |
| Michigan | 6,090 | $78,490 |
| Maryland | 5,640 | $81,300 |
| Arizona | 5,330 | $74,200 |
| Tennessee | 4,510 | $69,130 |
| Missouri | 4,280 | $81,990 |
Below are the states where Financial Analysts get paid the most:
| State | Annual Median Salary |
|---|---|
| New York | $107,160 |
| California | $95,680 |
| New Jersey | $94,070 |
| Connecticut | $92,470 |
| District of Columbia | $91,390 |
| Colorado | $90,060 |
| Massachusetts | $87,060 |
| Virginia | $86,550 |
| Montana | $86,520 |
| Minnesota | $85,940 |
Related Careers in MI
You may also be interested in the following careers:
| Occupation | MI Employment Total |
|---|
References
- Bureau of Labor Statistics (BLS)
- College Factual
- National Center for Education Statistics
- O*NET Online
- Image Credit: By Dave Dugdale under License
More about our data sources and methodologies.
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