Banking Analyst Salaries in Michigan
How Much Does a Banking Analyst Make in Michigan?
Updated March 01, 2025
As of March 01, 2025,
the average annual pay of Banking Analyst in Michigan is $56,027.
While Salary.com is seeing that Banking Analyst salary in MI can go up to $74,785
or down to $36,344, but most earn between $45,724 and $65,845.
Salary ranges can vary widely depending on many important factors,
including education, certifications, additional skills, and your experience levels.
With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Related Job Titles to Banking Analyst
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Similar Job Salaries to Banking Analyst by Company
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| Company | average base salary in (usd) | range |
|---|---|---|
|
Charter Capital
Investment Banking Senior Analyst
|
$89,383/yr
|
RANGE: $78,752 - $100,014
|
|
OpTech
Sr. Technical Business Analyst (Payments/Banking)
|
$105,495/yr
|
RANGE: $97,827 - $113,163
|
|
Piper Sandler
Campus Recruiting – 2026 Investment Banking Summer Analyst - Birmingham
|
$99,383/yr
|
RANGE: $87,307 - $111,460
|
|
New York Community Bank
Liquidity Data Quality Analyst Sr - FR 2052a - Banking Industry
|
$93,057/yr
|
RANGE: $83,715 - $102,399
|
|
Insight Global
Banking Analyst
|
$49,597/yr
|
RANGE: $44,262 - $54,931
|
|
Compunnel Inc.
Banking Analyst
|
$77,197/yr
|
RANGE: $69,215 - $85,180
|
|
Qualfon
Banking Specialist
|
$45,919/yr
|
RANGE: $41,334 - $50,503
|
|
Jobot
Banking Attorney
|
$146,285/yr
|
RANGE: $131,591 - $160,980
|
|
Insight Global
Banking Operations Analyst
|
$47,560/yr
|
RANGE: $42,579 - $52,542
|
Top 10 Highest Paying Cities For Banking Analyst Jobs in Michigan
It is important to understand how location impacts your career prospects in the United States.
There are some cities where a Banking Analyst can find a job easily with a greater salary paid then achieve a higher standard of living.
Below is the top cities list for Banking Analyst job salaries in Michigan.
Some cities can pay higher salaries for Banking Analyst jobs, which can indicate that there is a large demand for Banking Analyst positions in this city.
The following table shows top 10 cities where the Banking Analyst salary is higher than other cities in Michigan.
Ann Arbor takes first place in this list, followed by Canton, Novi.
The Banking Analyst salary is $58,241 in Ann Arbor,
which is higher than the national average. There are 18 cities' Banking Analyst salary higher than national average in Michigan.
The average salary for a Banking Analyst in Michigan is $56,027,
but we found that the city with the highest salary for Banking Analyst jobs is Ann Arbor, MI, and it is higher than Canton.
Banking Analyst jobs in Ann Arbor can have the opportunity to earn higher salaries than in other cities in Michigan.
| CITY | ANNUAL SALARY | MONTHLY PAY | WEEKLY PAY | HOURLY WAGE |
| Ann Arbor | $58,241 | $4,853 | $1,120 | $28 |
| Canton | $58,127 | $4,844 | $1,118 | $28 |
| Novi | $57,957 | $4,830 | $1,115 | $28 |
| Westland | $57,503 | $4,792 | $1,106 | $28 |
| West Bloomfield | $57,276 | $4,773 | $1,101 | $28 |
| Detroit | $57,219 | $4,768 | $1,100 | $28 |
| Warren | $57,219 | $4,768 | $1,100 | $28 |
| Dearborn | $57,219 | $4,768 | $1,100 | $28 |
| Waterford | $57,219 | $4,768 | $1,100 | $28 |
| Dearborn Heights | $57,162 | $4,764 | $1,099 | $27 |
What Does a Banking Analyst Do?
If you have just graduated with a degree in finance and want to work in an investment bank, your most likely entry point will be as a financial banking analyst.
Updated December 22, 2021
The qualifications needed for a career as a banking analyst include a bachelor’s degree in business, economics, or finance.
Updated December 22, 2021
Banking teaches analysts the ins-and-outs of corporate finance and how to work and survive in a stressful, intense work environment.
Updated December 17, 2021
Read on to learn more about investment banking, investment banking careers, and how to become an investment banking analyst.
Updated December 16, 2021
Many people also “predicted” that Investment Banking Analysts would go extinct after Excel was developed and adopted by everyone, and that didn’t exactly happen.
Updated December 13, 2021
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Explore JobArchitectFrequently Asked Questions About a Banking Analyst Salaries
What is the average of a Banking Analyst in Michigan?
The Banking Analyst salary range is from $45,724 to $65,845, and the average Banking Analyst salary is $56,027/year in Michigan.
The Banking Analyst's salary will change in different locations.
Which location pays the highest Banking Analyst salary in the United States?
The Banking Analyst salary in San Jose, CA is $71,240
which is the highest in the US.
What kinds of reasons will influence the Banking Analyst's salary?
Besides the location, employees' education degree, related skills, and work experience also will influence the salary.
Try to improve your skills and experience to get a higher salary for the position of Banking Analyst.
What is the growth rate of the Banking Analyst's salary?
If you are thinking of becoming a Banking Analyst or planning the next step in your career, find the detailed salary report of a Banking Analyst.
