Business & Finance Silver Spring, MD Pop. 81,015

Financial Analyst Salary in Silver Spring, Maryland

The median financial analyst salary in Silver Spring, MD is $120,752 per year, which is 27.0% above the national median and 10.4% above the Maryland state average.

City Median
$120,752
vs State Avg
+$11,410
vs National
+$25,672
Cost of Living
122%

Financial Analyst Salary in Silver Spring by Experience

In Silver Spring, an entry-level financial analyst earns around $76,200, while experienced professionals earn up to $187,960 per year. The local cost of living index is 122% of the national average.

Entry Level (0-2 yrs)
$76,200
+$16,200 vs national
Mid Level (3-7 yrs)
$121,920
+$25,920 vs national
Senior Level (8+ yrs)
$187,960
+$39,960 vs national

Salary Percentiles in Silver Spring, MD

Percentile Silver Spring
10th Percentile $72,644
25th Percentile $92,456
Median (50th) $120,752
75th Percentile $158,750
90th Percentile $211,582

Financial Analyst Salary in Other Maryland Cities

Columbia, MD
$116,948
Pop. 104,681
Germantown, MD
$114,096
Pop. 90,676
Baltimore, MD
$107,440
Pop. 585,708
Waldorf, MD
$104,588
Pop. 77,000

How to Become a Financial Analyst in Silver Spring

Education

Most financial analyst positions require a bachelor's degree. Silver Spring 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 Silver Spring may vary based on local industry and population growth.

Find Financial Analyst Jobs in Silver Spring

Browse open financial analyst positions in Silver Spring, MD:

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Frequently Asked Questions: Financial Analyst Salary in Silver Spring

How much does a Financial Analyst make in Silver Spring, MD? ▼
The median financial analyst salary in Silver Spring, Maryland is $120,752 per year, which is 27.0% above the national median of $95,080. Salaries range from $72,644 (10th percentile) to $211,582 (90th percentile).
How much does a Financial Analyst make per hour in Silver Spring? ▼
Based on the median annual salary of $120,752, a financial analyst in Silver Spring earns approximately $58 per hour assuming a standard 2,080-hour work year.
How does Silver Spring compare to the Maryland state average for financial analyst pay? ▼
Silver Spring's median financial analyst salary of $120,752 is 10.4% above the Maryland state average of $109,342. The local cost of living index is 122% of the national average.
What is the cost of living in Silver Spring, MD? ▼
Silver Spring has a cost of living index of 122% compared to the national average. This means a financial analyst salary of $120,752 in Silver Spring has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a financial analyst in Silver Spring? ▼
Most financial analyst positions in Silver Spring 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.