Business & Finance Paterson, NJ Pop. 159,732

Financial Analyst Salary in Paterson, New Jersey

The median financial analyst salary in Paterson, NJ is $107,440 per year, which is 13.0% above the national median and 8.1% below the New Jersey state average.

City Median
$107,440
vs State Avg
$-9,508
vs National
+$12,360
Cost of Living
105%

Financial Analyst Salary in Paterson by Experience

In Paterson, 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 105% 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 Paterson, NJ

Percentile Paterson
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 New Jersey Cities

Jersey City, NJ
$129,309
Pop. 292,449
Edison, NJ
$116,948
Pop. 107,588
Newark, NJ
$114,096
Pop. 311,549
Elizabeth, NJ
$110,293
Pop. 137,298

How to Become a Financial Analyst in Paterson

Education

Most financial analyst positions require a bachelor's degree. Paterson and the surrounding New Jersey 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 Paterson may vary based on local industry and population growth.

Find Financial Analyst Jobs in Paterson

Browse open financial analyst positions in Paterson, NJ:

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Frequently Asked Questions: Financial Analyst Salary in Paterson

How much does a Financial Analyst make in Paterson, NJ? ▼
The median financial analyst salary in Paterson, New Jersey 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 Paterson? ▼
Based on the median annual salary of $107,440, a financial analyst in Paterson earns approximately $52 per hour assuming a standard 2,080-hour work year.
How does Paterson compare to the New Jersey state average for financial analyst pay? ▼
Paterson's median financial analyst salary of $107,440 is 8.1% below the New Jersey state average of $116,948. The local cost of living index is 105% of the national average.
What is the cost of living in Paterson, NJ? ▼
Paterson has a cost of living index of 105% compared to the national average. This means a financial analyst salary of $107,440 in Paterson has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a financial analyst in Paterson? ▼
Most financial analyst positions in Paterson 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.