How much does a Banking Analyst make in the United States?
As of September 01, 2026, the average salary for a Banking Analyst in the United States is $52,739 per year, which breaks down to an hourly rate of $25.
However, a Banking Analyst's salary can vary significantly. Here’s a look at the typical salary range:
Top Earners (90th percentile): $65,098
Majority Range (25th-75th percentile): $46,000 to $59,208
Key Factors That Influence Banking Analyst Salaries
A Banking Analyst's salary isn't a fixed number. It's shaped by several important factors.
Below, we'll explore how your years of experience, geographic location, education
and company size
can directly affect your earning potential.
How Experience Level Affects Banking Analyst Salaries?
Experience is a primary driver of a Banking Analyst's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
How Do Banking Analyst Salaries Vary from State to State?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Banking Analysts. For example, consider the average annual salaries in these key locations:
Salaries can also vary between different cities.
Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay.
Here are a few examples of average annual salaries in different U.S. cities:
San Jose: $66,520
San Francisco: $65,791
Oakland: $64,405
San Jose, CA$66,520
San Francisco, CA$65,791
Oakland, CA$64,405
New York, NY$60,723
Paramus, NJ$59,985
Queens Village, NY$59,982
Passaic, NJ$59,932
Bergenfield, NJ$59,927
Stamford, CT$59,811
Huntington, NY$59,790
Newark, NJ$59,400
Bridgeport, CT$59,289
Vallejo, CA$59,184
New Brunswick, NJ$59,163
Petaluma, CA$59,131
Middlesex, NJ$59,031
Somerset, NJ$58,994
Santa Cruz, CA$58,925
Boston, MA$58,604
Monterey, CA$58,418
Seattle, WA$58,298
Santa Rosa, CA$58,287
Los Angeles, CA$58,271
Juneau, AK$58,134
Washington, DC$58,076
Orange, CA$57,888
Santa Ana, CA$57,749
Long Beach, CA$57,696
Anaheim, CA$57,686
Anchorage, AK$57,660
Santa Maria, CA$57,501
Everett, WA$57,491
Danbury, CT$57,305
Bremerton, WA$57,232
Tacoma, WA$57,043
New Suffolk, NY$57,041
Sacramento, CA$57,027
Santa Barbara, CA$56,969
Trenton, NJ$56,911
San Diego, CA$56,911
Brockton, MA$56,853
Fairbanks, AK$56,723
Lompoc, CA$56,589
Lowell, MA$56,546
Ventura, CA$56,536
Nashua, NH$56,526
Stockton, CA$56,520
Modesto, CA$56,135
Poughkeepsie, NY$56,019
Olympia, WA$55,919
Kennewick, WA$55,919
New Haven, CT$55,898
Lawrence, MA$55,708
Hartford, CT$55,655
Riverside, CA$55,645
New Bedford, MA$55,592
Richland, WA$55,592
Bakersfield, CA$55,518
San Bernardino, CA$55,497
New Britain, CT$55,492
Atlantic City, NJ$55,492
New London, CT$55,471
Norwich, CT$55,455
Portsmouth, NH$55,445
Boulder, CO$55,333
Portland, OR$55,260
Worcester, MA$55,255
Minneapolis, MN$55,091
Philadelphia, PA$55,017
Honolulu, HI$54,843
Saint Paul, MN$54,818
Vineland, NJ$54,806
Providence, RI$54,653
Chicago, IL$54,500
Bellingham, WA$54,437
Springfield, MA$54,395
Baltimore, MD$54,379
Chico, CA$54,247
Pittsfield, MA$54,105
Manchester, NH$54,005
Spokane, WA$53,773
Denver, CO$53,767
Albany, NY$53,520
Troy, NY$53,498
Nassau, NY$53,442
Schenectady, NY$53,388
Wilmington, DE$53,345
Burlington, VT$53,272
Salem, OR$53,251
Portland, ME$53,087
Yakima, WA$53,034
Rochester, MN$52,871
Reno, NV$52,844
Fresno, CA$52,844
Milwaukee, WI$52,797
Detroit, MI$52,744
Ann Arbor, MI$52,735
Allentown, PA$52,728
Colorado Springs, CO$52,639
Syracuse, NY$52,612
Carson City, NV$52,612
Houston, TX$52,539
Eugene, OR$52,512
Gary, IN$52,449
Springfield, OR$52,407
Bismarck, ND$52,396
Galveston, TX$52,359
Medford, OR$52,280
Fort Collins, CO$52,259
Concord, NH$52,233
Austin, TX$52,217
Mesa, AZ$52,106
Reading, PA$52,101
Phoenix, AZ$52,096
Dallas, TX$52,080
Saint Cloud, MN$52,029
Madison, WI$51,958
Utica, NY$51,816
Rochester, NY$51,732
Des Moines, IA$51,726
Raleigh, NC$51,721
Atlanta, GA$51,642
Battle Creek, MI$51,626
Salt Lake City, UT$51,610
Lancaster, PA$51,531
Harrisburg, PA$51,457
Kansas City, MO$51,405
Champaign, IL$51,394
Kansas City, KS$51,394
Fort Worth, TX$51,389
Columbus, OH$51,380
Boca Raton, FL$51,368
Pittsburgh, PA$51,347
Richmond, VA$51,326
Indianapolis, IN$51,315
Cleveland, OH$51,310
Las Vegas, NV$51,246
Cincinnati, OH$51,246
Petersburg, VA$51,167
Huntsville, AL$51,088
Lansing, MI$51,053
Lebanon, PA$51,046
Pueblo, CO$51,041
Appleton, WI$51,025
Buffalo, NY$51,004
Dayton, OH$50,988
Racine, WI$50,978
Charlotte, NC$50,972
Saint Louis, MO$50,956
York, PA$50,925
Elkhart, IN$50,925
Gastonia, NC$50,915
Billings, MT$50,902
Beaumont, TX$50,888
Lorain, OH$50,877
Benton Harbor, MI$50,867
Toledo, OH$50,856
Binghamton, NY$50,830
Rock Hill, SC$50,825
Rockford, IL$50,798
Springfield, IL$50,777
Elyria, OH$50,772
Fargo, ND$50,772
Flagstaff, AZ$50,735
Fort Lauderdale, FL$50,703
Duluth, MN$50,672
Miami, FL$50,672
Cheyenne, WY$50,635
Grand Forks, ND$50,635
Bangor, ME$50,519
Cedar Rapids, IA$50,461
Durham, NC$50,439
Louisville, KY$50,434
Grand Rapids, MI$50,424
Hialeah, FL$50,418
Casper, WY$50,345
Scranton, PA$50,281
New Orleans, LA$50,266
Virginia Beach, VA$50,260
Akron, OH$50,234
Peoria, IL$50,165
Sarasota, FL$50,155
Nashville, TN$50,118
Omaha, NE$50,118
Green Bay, WI$50,118
Baton Rouge, LA$50,092
Charleston, SC$50,081
Jamestown, NY$50,055
Davenport, IA$50,055
Tucson, AZ$50,028
Saint Petersburg, FL$49,997
Tampa, FL$49,986
Evansville, IN$49,954
Port Arthur, TX$49,954
Bradenton, FL$49,933
Santa Fe, NM$49,838
Orlando, FL$49,743
Clearwater, FL$49,728
Canton, OH$49,617
La Crosse, WI$49,617
Albuquerque, NM$49,585
Newport News, VA$49,580
High Point, NC$49,564
Ogden, UT$49,543
Corpus Christi, TX$49,501
Norfolk, VA$49,469
Laramie, WY$49,469
Rock Island, IL$49,438
Saginaw, MI$49,427
Jacksonville, FL$49,422
Salisbury, NC$49,411
Boise, ID$49,401
Moline, IL$49,374
Fort Myers, FL$49,358
Memphis, TN$49,348
Tulsa, OK$49,322
Waterloo, IA$49,290
Spartanburg, SC$49,237
Lincoln, NE$49,211
Fort Wayne, IN$49,200
Provo, UT$49,195
Cedar Falls, IA$49,132
San Antonio, TX$49,111
Greensboro, NC$49,089
South Bend, IN$49,084
Savannah, GA$49,026
Muskegon, MI$49,005
Birmingham, AL$49,000
Winston Salem, NC$48,974
Lake Charles, LA$48,847
Anderson, IN$48,836
Lexington, KY$48,820
Augusta, GA$48,805
Greenville, SC$48,805
Lima, OH$48,762
Wichita, KS$48,757
Tuscaloosa, AL$48,757
Columbia, SC$48,710
Springfield, OH$48,699
Asheville, NC$48,615
Bloomington, IN$48,578
Knoxville, TN$48,388
Shreveport, LA$48,383
Wilmington, NC$48,314
Roanoke, VA$48,314
Topeka, KS$48,219
Frankfort, KY$48,213
Oklahoma City, OK$48,177
Chillicothe, OH$48,156
Longview, TX$48,151
Melbourne, FL$48,145
Sioux Falls, SD$48,061
Mobile, AL$48,056
Terre Haute, IN$48,035
Altoona, PA$48,003
Amarillo, TX$47,966
Killeen, TX$47,950
Fayetteville, AR$47,908
Chattanooga, TN$47,892
Sioux City, IA$47,845
Idaho Falls, ID$47,834
Lynchburg, VA$47,792
Gainesville, FL$47,724
Portsmouth, OH$47,697
Little Rock, AR$47,687
Lafayette, LA$47,666
Youngstown, OH$47,666
Daytona Beach, FL$47,634
Clarksville, TN$47,629
Pensacola, FL$47,623
Temple, TX$47,620
Hopkinsville, KY$47,465
Erie, PA$47,455
Florence, SC$47,433
Charleston, WV$47,349
Great Falls, MT$47,323
Macon, GA$47,249
Tallahassee, FL$47,244
Fayetteville, NC$47,233
Waco, TX$47,223
Helena, MT$47,186
Pine Bluff, AR$47,166
Vincennes, IN$47,101
Lubbock, TX$47,080
Alamogordo, NM$47,048
Twin Falls, ID$47,001
Rapid City, SD$46,985
Jackson, MS$46,890
Huntington, WV$46,887
Greenville, MS$46,885
Parkersburg, WV$46,831
Montgomery, AL$46,822
Wichita Falls, TX$46,769
Springfield, MO$46,769
Biloxi, MS$46,743
Monroe, LA$46,690
Johnstown, PA$46,653
Sumter, SC$46,632
Columbus, GA$46,627
Pascagoula, MS$46,526
Abilene, TX$46,526
Kingsport, TN$46,389
Albany, GA$46,389
Gulfport, MS$46,373
Alexandria, LA$46,199
Fort Smith, AR$46,068
El Paso, TX$45,925
Las Cruces, NM$45,688
Harlingen, TX$45,554
Pocatello, ID$45,545
Florence, AL$45,477
Brownsville, TX$45,466
Mcallen, TX$45,356
Dothan, AL$45,282
Columbus, MS$44,968
Altus, OK$44,723
Lawton, OK$44,622
Pierre, SD$44,433
What Skills Can Increase a Banking Analyst's Salary?
Demanded Skills for the Role:
Customer Service (Mentioned in 10.02% Job Postings): Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.
Data Entry (Mentioned in 2.33% Job Postings): Transcribing information into an electronic medium such as a computer or other electronic device.
Shipping and Receiving (Mentioned in 1.41% Job Postings): Managing and maintaining records of all products shipped and received to ensure the correct filing of orders.
Mastering certain specialized skills can lead to a significant increase in pay.
Here are examples of skills and the potential impact they can have on a Banking Analyst's salary.
Product Pricing: Can increase your salary by up to 14%.
Project Management: Can increase your salary by up to 8%.
Procurement: Can increase your salary by up to 7%.
Banking Analyst Salary by Industry: Top Paying Sectors
For Banking Analyst roles, the industry you choose can affect earning potential
by as much as 80% (the gap between the highest and lowest paying industries).
Data shows that the Financial Services and Edu., Gov't. & Nonprofit
sectors offer the strongest compensation, at 50% above the average.
In contrast, Banking Analyst positions in Retail & Wholesale or Business Services typically offer lower base pay,
as these industries often view Banking Analyst as a support function rather than a direct revenue driver.
The top paying industries for a Banking Analyst
Industry Sector
Average Annual Salary
Average Hourly Rate
Pay vs.Avg
Financial Services
$79,108
$38.0
50%
Edu., Gov't. & Nonprofit
$58,013
$28.0
10%
How Education impacts a Banking Analyst's Salary?
Your level of education can impact your salary potential.
While many Banking Analysts enter the field with a Associate's Degree degree,
higher education can lead to more specialized and higher-paying roles.
According to our 100% employer-reported salary data,
the median salary for a Banking Analyst with a Associate's Degree is between
$52,479
and $57,876).
Banking Analyst Salary: Hourly Rate, Weekly Pay, and Monthly Pay
Understanding how a Banking Analyst's annual salary breaks down can help with budgeting.
Below, you can see the average hourly rate, weekly pay, and monthly pay for this role.
Use the buttons to switch between different pay periods.
Salaries for a Banking Analyst can change over time,
reflecting shifts in market demand and the overall economy.
The median salary decreased from $55,360 in 2023
to around $54,930 in 2025,
reflecting changes in demand, location, experience, and the wider economy.
For a detailed analysis of Banking Analyst salary trends,
.
Average Annual Salary of Banking Analyst Over Time
$???
$55,360
$55,178
$54,930
$???
$???
2022
2023
2024
2025
2026
2027
Year
Average Annual Salary
2022
View More
2023
$55,360
2024
$55,178
2025
$54,930
2026
View More
2027
View More
Most common benefits for Banking Analyst
Social Security
401 (k)
Disability
Healthcare
Pension
Time Off (days)
Common company salaries for Banking Analyst
Here are companies hiring for Banking Analyst and their salaries, click below for more details.
K$114,295/per year
Kpmg Us LLPBusiness Servicesthe United States
W$114,096/per year
Warner Bros DiscoveryBusiness Servicesthe United States
D$111,927/per year
Dentsu International LtdBusiness Servicesthe United States
G$111,873/per year
GroupM Worldwide IncBusiness Servicesthe United States
C$111,651/per year
CoWorx StaffingBusiness Servicesthe United States
C$110,194/per year
Contemporary Services CorpBusiness Servicesthe United States
S$107,128/per year
Showcase CinemasBusiness Servicesthe United States
A$106,429/per year
Amentum Services IncBusiness Servicesthe United States
A$106,199/per year
Allied Universal Security Services LLCBusiness Servicesthe United States
S$106,104/per year
Sodexo USABusiness Servicesthe United States
J$105,192/per year
JLL TechnologiesBusiness Servicesthe United States
I$104,478/per year
Intact Insurance Group USA LLCBusiness Servicesthe United States
N$101,619/per year
NielsenIQBusiness Servicesthe United States
T$101,470/per year
The Leading Edge AllianceBusiness Servicesthe United States
H$101,308/per year
Honeywell UOPBusiness Servicesthe United States
R$97,720/per year
Reeve & AssociatesBusiness Servicesthe United States
M$97,584/per year
ManpowerGroup Global IncBusiness Servicesthe United States
F$95,980/per year
Financial Sys NcoBusiness Servicesthe United States
A$95,314/per year
Arrow Global LtdBusiness Servicesthe United States
C$94,777/per year
CarMax Enterprise Services LLCBusiness Servicesthe United States
D$94,479/per year
DZConneXBusiness Servicesthe United States
A$93,802/per year
Adecco Staffing, USABusiness Servicesthe United States
R$92,937/per year
Resource MFGBusiness Servicesthe United States
Z$92,774/per year
Zachry Brands IncBusiness Servicesthe United States
G$88,138/per year
Greystar Worldwide LLCBusiness Servicesthe United States
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FAQ about Banking Analyst
1. What industry pays the highest salary for Banking Analyst?
The Financial Services industry offers the highest average compensation for Banking Analyst roles,
with salaries approximately 50% above the market median.
Where Does Our Salary Data Come From?
Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.
