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 analyze financial 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 Title | Salary 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
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