Financial Analysts vs Computer Systems Analysts salary

According to the US Bureau of Labor Statistics, the average yearly pay for Financial Analysts is $103,020, compared to the average annual salary of $102,210 for Computer Systems Analysts. This means that these two jobs have similar salaries.

However, it's important to keep in mind that the amount of pay an employee receives can be influenced by factors like location, experience, and the specific setting in which they work. In particular, Financial Analysts working in New York (with a salary of $131,690 on average) may earn more than those in Utah ($71,760). To provide another example, the average salary of Computer Systems Analysts in California is 67% higher than those in Mississippi.

Financial Analysts vs Computer Systems Analysts overview

Financial Analysts and Computer Systems Analysts are two important jobs in the Professional, Scientific, and Technical Services industry. Many people are interested in understanding the distinctions between these job titles, including the average earnings for each of them.

Financial Analyst job description

Alternative names: Financial and Investment Analysts

Financial Analysts conduct quantitative analyses of information involving investment programs or financial data of public or private institutions, including valuation of businesses.

Financial Analyst average salary

According to data from the US Bureau of Labor Statistics, the United States had a workforce of 291,880 Financial Analysts in 2021 and on average, they earned $103,020 per year. The lowest earning 10 percent made $57,900 or less, and the highest earning 10 percent made $166,560 or more per year.

Do Financial Analysts make good money?

The mean salary of Financial Analysts is 77% above the average pay in the United States ($58,260). In contrast, they make 13% less than the mean salary of the Securities and Financial Investments industry ($119,040).

The mean salary of Financial Analysts is 77% above the average pay in the United States ($58,260).

Computer Systems Analyst job description

Computer Systems Analysts analyze science, engineering, business, and other data processing problems to develop and implement solutions to complex applications problems, system administration issues, or network concerns. Perform systems management and integration functions, improve existing computer systems, and review computer system capabilities, workflow, and schedule limitations. May analyze or recommend commercially available software.

Computer Systems Analyst education and experience

About a third of Computer Systems Analysts hold a Bachelor's Degree, 29% hold an Associate's Degree, and 14% have a Master's Degree. With regard to experience, 28% of Computer Systems Analyst occupations require a 1 to 2 years of previous work-related experience. A smaller number of roles (22%) require a previous experience of 4 to 6 years.

Computer Systems Analyst average salary

As stated by the US Bureau of Labor Statistics, the United States employed 505,150 Computer Systems Analysts in 2021, and the average income they earned annually was $102,210. The bottom 10 percent had earnings of $60,680 or less, and the top 10 percent had earnings of $158,010 or more. The average salary has grown by 3.2% in comparison to the previous year.

Do Computer Systems Analysts make good money?

Computer Systems Analysts are typically paid well, since their mean salary is 75% above the average salary in the United States ($58,260). Additionally, they make 12% more than the mean earnings of the Professional, Scientific, and Technical Services industry ($91,150).

Computer Systems Analysts are typically paid well, since their mean salary is 75% above the average salary in the United States ($58,260).

Computer Systems Analysts job growth

The number of Computer Systems Analysts being employed has decreased over the past two years. In 2021, there have been 69,300 less roles than the previous year across the nation, and that marks a decrease of 12.1%. The average job growth rate for the past 2 years has been -7.3%.

FAQ

Do Financial Analysts or Computer Systems Analysts make more?

These two jobs have similar salaries. Computer Systems Analysts average around $102,210 per year, while Financial Analysts make $103,020 per year.