Business & Finance Baltimore, MD Pop. 585,708

Financial Analyst Salary in Baltimore, Maryland

The median financial analyst salary in Baltimore, MD is $107,440 per year, which is 13.0% above the national median and 1.7% below the Maryland state average.

City Median
$107,440
vs State Avg
$-1,902
vs National
+$12,360
Cost of Living
108%

Financial Analyst Pay in Baltimore: What to Expect (2026)

Baltimore offers a median financial analyst salary of $107,440, which is $1,902 below the Maryland state average of $109,342. Compared to the national median of $95,080, Baltimore pays above average for this role.

Baltimore's cost of living is 108% of the national average, meaning salary figures here closely reflect actual purchasing power. This makes direct comparisons to other cities straightforward.

The salary range for financial analysts in Baltimore spans from $64,636 at the 10th percentile to $188,258 at the 90th percentile — a $123,622 spread. Entry-level professionals start around $67,800, while senior financial analysts with 8+ years of experience can earn up to $167,240. As a major metro area with a population of 585,708, Baltimore typically offers more job opportunities and employer competition, which can drive salaries higher.

Financial Analyst Salary in Baltimore by Experience

In Baltimore, an entry-level financial analyst earns around $67,800, while experienced professionals earn up to $167,240 per year. The local cost of living index is 108% of the national average.

Entry Level (0-2 yrs)
$67,800
+$7,800 vs national
Mid Level (3-7 yrs)
$108,480
+$12,480 vs national
Senior Level (8+ yrs)
$167,240
+$19,240 vs national

Salary Percentiles in Baltimore, MD

Percentile Baltimore
10th Percentile $64,636
25th Percentile $82,264
Median (50th) $107,440
75th Percentile $141,250
90th Percentile $188,258

Financial Analyst Salary in Other Maryland Cities

Silver Spring, MD
$120,752
Pop. 81,015
Columbia, MD
$116,948
Pop. 104,681
Germantown, MD
$114,096
Pop. 90,676
Waldorf, MD
$104,588
Pop. 77,000

How to Become a Financial Analyst in Baltimore

Education

Most financial analyst positions require a bachelor's degree. Baltimore and the surrounding Maryland area have institutions offering relevant programs.

Key Skills

Financial ModelingExcelBloomberg TerminalValuationData AnalysisPresentation

Job Outlook

Nationally, financial analyst employment is projected to grow 8% over the next decade (faster than average). Demand in Baltimore may vary based on local industry and population growth.

Find Financial Analyst Jobs in Baltimore

Browse open financial analyst positions in Baltimore, MD:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Financial Analyst Salary in Baltimore

How much does a Financial Analyst make in Baltimore, MD? ▼
The median financial analyst salary in Baltimore, Maryland is $107,440 per year, which is 13.0% above the national median of $95,080. Salaries range from $64,636 (10th percentile) to $188,258 (90th percentile).
How much does a Financial Analyst make per hour in Baltimore? ▼
Based on the median annual salary of $107,440, a financial analyst in Baltimore earns approximately $52 per hour assuming a standard 2,080-hour work year.
How does Baltimore compare to the Maryland state average for financial analyst pay? ▼
Baltimore's median financial analyst salary of $107,440 is 1.7% below the Maryland state average of $109,342. The local cost of living index is 108% of the national average.
What is the cost of living in Baltimore, MD? ▼
Baltimore has a cost of living index of 108% compared to the national average. This means a financial analyst salary of $107,440 in Baltimore has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a financial analyst in Baltimore? ▼
Most financial analyst positions in Baltimore require a bachelor's degree. Key skills include Financial Modeling, Excel, Bloomberg Terminal, Valuation. The job market is projected to grow 8% nationally over the next decade.