Business & Finance Detroit, MI
Pop. 639,111
Financial Analyst Salary in Detroit, Michigan
The median financial analyst salary in Detroit, MI is $83,670 per year, which is 12% below the national median and 2.2% below the Michigan state average.
City Median
$83,670
vs State Avg
$-1,902
vs National
$-11,410
Cost of Living
88%
Financial Analyst Salary in Detroit by Experience
In Detroit, an entry-level financial analyst earns around $52,800, while experienced professionals earn up to $130,240 per year. The local cost of living index is 88% of the national average.
Entry Level (0-2 yrs)
$52,800
$-7,200 vs national
Mid Level (3-7 yrs)
$84,480
$-11,520 vs national
Senior Level (8+ yrs)
$130,240
$-17,760 vs national
Salary Percentiles in Detroit, MI
| Percentile | Detroit |
|---|---|
| 10th Percentile | $50,336 |
| 25th Percentile | $64,064 |
| Median (50th) | $83,670 |
| 75th Percentile | $110,000 |
| 90th Percentile | $146,608 |
Financial Analyst Salary in Other Michigan Cities
How to Become a Financial Analyst in Detroit
Education
Most financial analyst positions require a bachelor's degree. Detroit and the surrounding Michigan 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 Detroit may vary based on local industry and population growth.