Business & Finance Maryland (MD) Rank #8 of 50

Financial Analyst Salary in Maryland

The median financial analyst salary in Maryland is $109,342 per year, which is 15.0% above the national median of $95,080.

Median Salary
$109,342
vs National
+$14,262
State Rank
#8 of 50
Cost of Living
110%

Financial Analyst Salary in Maryland by Experience

In Maryland, an entry-level financial analyst earns around $69,000, while experienced professionals earn up to $170,200 per year. The cost of living index in Maryland is 110% of the national average.

Entry Level (0-2 yrs)
$69,000
+$9,000 vs national
Mid Level (3-7 yrs)
$110,400
+$14,400 vs national
Senior Level (8+ yrs)
$170,200
+$22,200 vs national

Salary Percentiles in Maryland

Percentile MD Salary
10th Percentile $65,780
25th Percentile $83,720
Median (50th) $109,342
75th Percentile $143,750
90th Percentile $191,590

Major Cities for Financial Analysts in Maryland

The largest employment areas for financial analysts in Maryland include Baltimore, Columbia, Silver Spring, and Germantown. Salaries in major metro areas may be higher due to increased demand and cost of living.

Baltimore, MD
Metro area for financial analyst employment
Columbia, MD
Metro area for financial analyst employment
Silver Spring, MD
Metro area for financial analyst employment
Germantown, MD
Metro area for financial analyst employment
Waldorf, MD
Metro area for financial analyst employment

How to Become a Financial Analyst in Maryland

Education

Most financial analyst positions require a bachelor's degree. Maryland has several accredited institutions offering relevant programs.

Key Skills

Financial ModelingExcelBloomberg TerminalValuationData AnalysisPresentation

Job Outlook in Maryland

Nationally, financial analyst employment is projected to grow 8% over the next decade (faster than average). Maryland's demand may vary based on local industry trends.