Business & Finance Minnesota (MN) Rank #19 of 50

Financial Analyst Salary in Minnesota

The median financial analyst salary in Minnesota is $94,129 per year, which is 1% below the national median of $95,080.

Median Salary
$94,129
vs National
$-951
State Rank
#19 of 50
Cost of Living
97%

Financial Analyst Salary Overview in Minnesota (2026)

Minnesota ranks #19 out of 50 states for financial analyst compensation. Minnesota falls in the middle of the pack for financial analyst pay, offering salaries near the national average. At $94,129 per year, financial analysts in Minnesota earn $951 less than the national median of $95,080.

Minnesota's cost of living is near the national average at 97%, meaning financial analyst salaries here translate closely to their face value in purchasing power.

The salary spread in Minnesota is significant: financial analysts at the 10th percentile earn $56,628, while those at the 90th percentile bring home $164,934 — a $108,306 gap that reflects differences in experience, specialization, employer type, and metro area. The highest-paying city in Minnesota for this role is Minneapolis, where the median reaches $101,736.

Nationally, financial analyst employment is projected to grow 8% over the next decade (faster than average). This steady growth indicates stable demand for financial analysts across the country.

Financial Analyst Salary in Minnesota by Experience

In Minnesota, an entry-level financial analyst earns around $59,400, while experienced professionals earn up to $146,520 per year. The cost of living index in Minnesota is 97% of the national average.

Entry Level (0-2 yrs)
$59,400
$-600 vs national
Mid Level (3-7 yrs)
$95,040
$-960 vs national
Senior Level (8+ yrs)
$146,520
$-1,480 vs national

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Salary Percentiles in Minnesota

Percentile MN Salary
10th Percentile $56,628
25th Percentile $72,072
Median (50th) $94,129
75th Percentile $123,750
90th Percentile $164,934

Financial Analyst Salary by City in Minnesota

The largest employment areas for financial analysts in Minnesota include Minneapolis, Saint Paul, Rochester, and Duluth. Salaries vary by city based on local cost of living and demand.

How to Become a Financial Analyst in Minnesota

Education

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

Key Skills

Financial ModelingExcelBloomberg TerminalValuationData AnalysisPresentation

Job Outlook in Minnesota

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

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Frequently Asked Questions: Financial Analyst Salary in Minnesota

How much does a Financial Analyst make in Minnesota? ▼
The median financial analyst salary in Minnesota is $94,129 per year, which is 1% below the national median of $95,080. Salaries range from $56,628 (10th percentile) to $164,934 (90th percentile).
How much does a Financial Analyst make per hour in Minnesota? ▼
Based on the median annual salary of $94,129, a financial analyst in Minnesota earns approximately $45 per hour assuming a standard 2,080-hour work year.
Is Minnesota a good state for financial analysts? ▼
Minnesota ranks #19 out of 50 states for financial analyst pay. The cost of living index is 97% of the national average. Entry-level financial analysts earn $59,400, while senior professionals earn $146,520.
How does Minnesota compare to other states for financial analyst salary? ▼
The highest paying state for financial analysts is Hawaii at $161,636. Minnesota's median of $94,129 ranks #19 nationally. Nearby-ranked states include Vermont ($96,031) and Pennsylvania ($95,080).
What is the entry-level financial analyst salary in Minnesota? ▼
An entry-level financial analyst in Minnesota earns approximately $59,400 per year. With 3-7 years of experience, pay increases to around $95,040. Senior-level professionals with 8+ years earn up to $146,520.
What city in Minnesota pays financial analysts the most? ▼
Minneapolis is the highest paying city in Minnesota for financial analysts, with a median salary of $101,736. Other cities include Saint Paul and Rochester.