Financial Analyst Salary in Maryland
Based on 5K+ workers in Maryland
Median Annual Salary (MD)
$100,370
$48.25/hr
vs National Average
$97,172
+3.3% vs national median
Salary Range (10th–90th)
$65K – $183K
5K employed in Maryland
Financial Analysts in Maryland earn a median salary of $100,370 per year, which is 3% above the national average. With approximately 5,360 professionals employed in this role across the state, Maryland offers competitive compensation for financial analysts. The salary range typically spans from $64,690 to $183,320, reflecting significant variation based on individual qualifications and positions.
Several factors influence financial analyst salary in Maryland, including years of experience, educational background, industry sector, and employer size. Analysts working in finance, insurance, or technology hubs tend to earn higher salaries, while those in smaller firms or less competitive markets may see lower compensation. Professional certifications such as CFA or CPA can also substantially impact earning potential in this field.
Salary Distribution — Financial Analyst in Maryland
| Percentile | Annual Salary |
|---|---|
| 10th percentile | $64,690 |
| 25th percentile | $80,550 |
| Median (50th percentile) | $100,370 |
| 75th percentile | $134,690 |
| 90th percentile | $183,320 |
Top-Paying Industries for Financial Analyst (U.S.)
Which industries pay Financial Analysts the most — nationwide figures (industry-level data is not available by state). Financial Analysts in Maryland tend to follow these industry patterns.
| Industry (U.S.) | Median Salary | Employed (U.S.) |
|---|---|---|
| Mining, Quarrying, and Oil and Gas Extraction | $124,750 | 1K |
| Information | $118,090 | 12K |
| Finance and Insurance | $107,030 | 155K |
| Utilities | $106,720 | 2K |
| Real Estate and Rental and Leasing | $104,500 | 11K |
Source: U.S. BLS OEWS National Industry-Specific estimates, May 2025. National figures (not state-specific).
Historical Salary Trend — Financial Analyst in Maryland vs National
| Year | Median Salary (Maryland) |
|---|---|
| 2022 | $96,330 |
| 2023 | $97,640 |
| 2024 | $98,890 |
| 2025 | $100,370 |
| 2026 (projected) | $101,872 |
The latest year is a projection based on recent wage trends — BLS has not yet released that year’s data.
| Year | Maryland Median | National Median |
|---|---|---|
| 2022 | $96,330 | $85,095 |
| 2023 | $97,640 | $87,779 |
| 2024 | $98,890 | $94,263 |
| 2025 | $100,370 | $97,172 |
| 2026 (projected) | $101,872 | $98,626 |
Financial Analyst Salary by Experience Level in Maryland
| Experience Level | Years | Median Annual Salary |
|---|---|---|
| Junior | 0-2 yrs | $80,550 |
| Mid-level | 3-5 yrs | $100,370 |
| Senior | 6-9 yrs | $134,690 |
| Staff / Lead | 10+ yrs | $183,320 |
Financial Analyst Salary in Other States
Related Financial Analyst Salaries in Maryland
How other high-demand occupations in Maryland compare to Financial Analyst ($100,370 median).
| Occupation | Median Salary | vs Financial Analyst | Hourly |
|---|---|---|---|
| Financial Manager in MD | $158,750 | +58.2% | $76.32/hr |
| Economist in MD | $144,680 | +44.1% | $69.56/hr |
| Actuary in MD | $126,950 | +26.5% | $61.03/hr |
| Budget Analyst in MD | $106,020 | +5.6% | $50.97/hr |
| Financial Examiner in MD | $102,980 | +2.6% | $49.51/hr |
| Tax Examiner in MD | $101,400 | +1.0% | $48.75/hr |
| Personal Financial Advisor in MD | $99,880 | -0.5% | $48.02/hr |
| Accountant in MD | $89,370 | -11.0% | $42.97/hr |
| Compliance Officer in MD | $84,720 | -15.6% | $40.73/hr |
| Credit Analyst in MD | $75,390 | -24.9% | $36.25/hr |
| Loan Officer in MD | $73,580 | -26.7% | $35.38/hr |
| Securities Sales Agent in MD | $61,660 | -38.6% | $29.64/hr |
Frequently Asked Questions
How much do financial analysts make in Maryland?
- Financial analysts in Maryland earn a median salary of $100,370 per year, or $48 per hour. This is 3.3% higher than the national average for this role.
What is the salary range for financial analysts in Maryland?
- The salary range for financial analysts in Maryland spans from $64,690 at the lower end to $183,320 at the higher end, reflecting differences in experience, education, and employer.
How many financial analysts are employed in Maryland?
- There are approximately 5,360 financial analysts currently employed in Maryland, indicating a substantial job market for this profession in the state.
Is a financial analyst salary in Maryland above the national average?
- Yes, the median financial analyst salary in Maryland of $100,370 per year is 3.3% higher than the national average, making it a competitive market for this position.