Earn your certification as a Financial Modeling & Valuation Analyst (FMVA)®. Register today!

Financial Modeling Salary Guide

Guide to jobs that require financial Modeling

Financial Modeling Salary Guide

Financial Modeling is not usually part of a job title, however, it is an essential skill for most who are in the Finance profession. Top industry employers seek professionals with financial expertise who have the ability to analyzefinancial data and derive actionable insight for effective decision making. Financial modeling is an indispensable skill for every candidate considering a career in the investment industry. This financial modeling salary guide will give a general overview of the salaries of jobs that require Excel modeling skills.

 

 

Financial Modeling Salary Guide

When it comes to salaries, the finance industry is seen as one of the most lucrative. In this financial modeling salary guide, we’ll go over the salary of a finance professional based on the average salaries in investment banking, private equity, and financial analysis.

Financial analyst jobs are still some of the most sought-after positions in the industry, with a salary range of $50,000 – $80,000. Salary will vary a lot depending on experience, company, and location. Certain locations such as New York and Chicago will tend to have higher compensation.

When it comes to Private Equity, the average salary in the United States is in the range of $70,000 – $200,000. Compensation and bonuses differ depending on the position and company. In general, an analyst can get a signing bonus ranging from $5,000 to 20,000. Associate-level professionals can expect a $10,000 to $30,000 signing bonus, while compensation and bonus of professionals handling much higher positions vary and are much higher.

Interested to have a career in investment banking? Expect to get a higher salary, but only if you put in the work. With the hectic hours, investment bankers earn more than consultants. Salaries in Investment Banking range from $85,000 – $180,000 and Managing Directors can earn over $500,000 a year, without considering the hefty bonuses that vary from area to area.

 

Industry/ Job TitleSalary Range
Private Equity
Private Equity Analyst$70,000 - $100,000
Private Equity Associate$120,000 - $145,000
Private Equity VP$180,000 - $210,000
Private Equity MD$300,000 - $350,000
Investment Banking
Investment Banking Analyst$85,000 - $100,000
Investment Banking Associate$100,000 - $120,000
Investment Banking VP
$120,000 - $180,000
Investment Banking MD
$300,000 - $500,000
Hedge Fund
Hedge Fund Analyst$90,000 - $100,000
Hedge Fund Associate
$110,000 - $136,000
Hedge Fund VP$150,000 - $220,000
Other
Equity Research Analyst$50,000 - $80,000
Financial Analyst - Financial Services$60,000 - $75,000
Corporate - Financial Planning & Analysis$65,000 - $75,000

Source: Industry Sources

 

FMVA Certification & Training Program

CFI is the official global provider of the Financial Modeling and Valuation Analyst (FMVA)TM certification program, which covers topics in Financial Modeling extensively.

 

CFI also offers Free Courses that you can take at any time!

 

Additional Resources

Thank you for reading CFI’s Financial Modeling Salary Guide. If you are looking for additional resources to help you advance your career, check out the following:

  • Career Map
  • Investment Banking Salary Guide 
  • Equity Research Overview
  • Portfolio Management Career Profile

FMVA certification program

Advance your career in investment banking, private equity, FP&A, treasury, corporate development and other areas of corporate finance.

Get certified as a financial analyst with CFI’s FMVA™ Program.