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2026 Salary Data — Baltimore, MD
Updated April 28, 2026

Financial Analyst Salary in Baltimore: $110K Median

Financial Analysts in Baltimore, MD earn between $72K and $193K per year.

That's +10% above the US national median of $99,890 for this role.

Quick Answer

As of April 2026, the median Financial Analyst salary in Baltimore, MD is $109,879 per year — +10% above the US national median of $99,890. Salaries range from $71,500 (entry, 25th percentile) to $192,500 (90th percentile). Financial Analysts in Baltimore earned approximately $21,545 in 2025, representing 410.0% year-over-year growth.

Median
$109,879
+410.0% YoY · $9,157/mo
Entry
$77,000
0–2 years
Experienced
$159,500
5+ years
Top 10%
$192,500
Senior/lead
Financial Analyst Salary — Baltimore vs Nearby
Baltimore
$110K
Austin
$115K
-4% vs Baltimore
Denver
$110K
+0% vs Baltimore
Miami
$105K
+5% vs Baltimore

Free ATS scan · Baltimore employers · Results in 60 seconds

About Financial Analysts in Baltimore

Financial analysts evaluate investments, analyze financial data, build models, and provide recommendations to executives or clients.

Core Responsibilities

  • Build financial models
  • Analyze investment opportunities
  • Forecast revenue and expenses
  • Equity/debt research
  • Present to stakeholders

Education & Certifications

Typical path: Bachelor's degree in finance/economics; CFA preferred

In-demand certifications

CFAFRMBloomberg Market ConceptsSeries 7/63

Baltimore Job Market

Major medical and government hub anchored by Johns Hopkins.

Population
585K
Cost of Living
117
vs 100 US avg
Unemployment
4%
Median Home
$350K

Top Industries in Baltimore

Healthcare (Johns Hopkins)GovernmentDefenseFinanceEducation

Top Employers Hiring Financial Analysts

Major employers active in Baltimore or hiring remotely from this metro.

JPMorgan
Goldman Sachs
Morgan Stanley
Bank of America
BlackRock
Bridgewater
Citadel

All major employers use ATS software.

Workday, Greenhouse, Taleo, and iCIMS auto-screen 75% of resumes before a human ever sees them. Scan your resume free to see your match rate.

2026 Hot Skills & Resume Keywords

Skills that command salary premiums and pass ATS keyword filters.

Hottest 2026 Skills

These appear in the highest-paying Financial Analyst listings.

Python for financeTableau/Power BISQLCFAAI/ML in finance

ATS Resume Keywords

Include these naturally throughout your resume.

financial modelingvaluationDCFExcelBloombergCFAM&Aequity researchrisk analysis
Career Outlook
+9% Growth Projected (2024-2034)

Financial analyst roles growing 9%. Strong demand at hedge funds, PE firms, and corporate finance.

Financial Analyst Salary Breakdown — Baltimore

PeriodEntry (25th)Median (50th)Top (90th)
Annual$71,500$109,879$192,500
Monthly$5,958$9,157$16,042
Weekly$1,375$2,113$3,702
Hourly$34$53$93

Based on 2080 working hours/year. Local figures derived from BLS Occupational Employment and Wage Statistics national median ($99,890) adjusted for Baltimore's cost-of-living multiplier (1.10×, sourced from BEA Regional Price Parities).

Financial Analyst Take-Home Pay in Baltimore

After federal, state, local, and FICA taxes — single filer, standard deduction.

Net Annual Take-Home
$76,807.557
Per month$6,401
Biweekly paycheck$2,954
Effective tax rate30.1%

Tax Breakdown on $109,879

Gross salary$109,879
Federal income tax−$15,875.38
Maryland state tax−$5,274.192
Baltimore local tax−$3,516.128
FICA (Social Security + Medicare)−$8,405.744
Take-home (net)$76,807.557

Estimates assume single filer, standard deduction ($14,600 for 2026), no 401(k)/HSA/dependents. Actual take-home varies with deductions, dependents, and benefits elections. Not tax advice.

Financial Analyst Salary by Experience — Baltimore

Career-stage progression for Financial Analysts in Baltimore.

ExperienceAnnual Salary
0–1 yr$70,840
2–3 yr$77,000
4–6 yr$118,250
7–10 yr$159,500
11–15 yr$188,210
15+ yr$176,000

Curve derived from BLS percentile data adjusted for Baltimore's 1.10× cost-of-living multiplier. Highlighted row = 7–10 year experienced level.

Year-Over-Year Trend

+410.0% vs 2025

2025 median:$21,545
2026 median:$109,879
Change:+$88,334

Finance sector growth driven by demand for Python for finance and Tableau/Power BI.

Is This A Good Salary?

Solid above median

Real purchasing power lands comfortably above the national middle-class threshold once cost of living is factored in. Homeownership and meaningful retirement savings are achievable on a single income.

COL-Adjusted Purchasing Power
$93,914
Tight on the median. Housing eats a disproportionate share of take-home pay and savings rates suffer without a partner income or higher-percentile salary.

How to Negotiate Your Financial Analyst Salary in Baltimore

Walk-away anchor: $98,106 (offers below this are below market for Baltimore).

Leverage Points

  • Bonus targets and historical payout percentages (ask for last 3 years actual)
  • Profit-share, carry, or AUM-linked compensation for senior roles
  • CFA, CPA, or Series licenses materially shift base compensation
  • Buyout of unvested deferred comp from your current employer

Beyond Base Salary, Negotiate

Guaranteed first-year bonus (especially in IB, PE, hedge funds)Sign-on / make-whole for forfeited deferred compCarried interest or profit-share at PE/HF/VC firmsCFA / Series exam fees and study time off401(k) match and deferred comp plan

What To Say

"I'm walking away from $X in unvested deferred compensation if I leave now. Can we structure the offer with a sign-on that makes me whole, plus a guaranteed first-year bonus floor?"

Anchor on $160K–$193K for experienced roles, citing Baltimore market data and your specific Python for finance/Tableau/Power BI expertise.

Financial Analyst Salary FAQ — Baltimore

What is the average Financial Analyst salary in Baltimore, MD?
The average Financial Analyst salary in Baltimore is $109,879 per year as of April 2026 — $9,157/month, $2,113/week, or about $53/hour. Salaries range from $71,500 (entry, 25th percentile) up to $192,500 (experienced, 90th percentile). Source: BLS Occupational Employment and Wage Statistics adjusted for Baltimore's cost-of-living multiplier (1.10×).
Is $109,879 a good Financial Analyst salary in Baltimore?
Solid above median. Real purchasing power lands comfortably above the national middle-class threshold once cost of living is factored in. Homeownership and meaningful retirement savings are achievable on a single income. Baltimore's cost-of-living index is 117 (vs 100 nationally), giving $109,879 a real purchasing power of approximately $93,914 in national terms. Tight on the median. Housing eats a disproportionate share of take-home pay and savings rates suffer without a partner income or higher-percentile salary.
Can you live on $109,879 in Baltimore?
Dual-income households are functionally required to raise a family at this cost level. Single earners on the median typically rent rather than buy and delay starting a family. Many residents spend 35-40% of pre-tax income on rent here, but the textbook target is still 30%. Going above 35% will materially crimp retirement and emergency savings. For Baltimore specifically (median home price $350,000), a $109,879 salary supports a comfortable lifestyle.
Is $109,879 enough for a single person in Baltimore?
A single adult in Baltimore typically needs ~$52,650 for a comfortable lifestyle (housing, food, transport, healthcare, modest savings). A $109,879 salary is well above that threshold — a single person can live comfortably with significant savings room.
Is $109,879 enough for a couple in Baltimore?
A couple (one earner) in Baltimore typically needs ~$84,240 for a comfortable lifestyle. A $109,879 salary as the sole household income is sufficient — enabling moderate housing, savings, and discretionary spending. Two earners at $109,879 each ($219,758 household) provides solid middle-class comfort.
Is $109,879 enough for a family of 4 in Baltimore?
A family of 4 (one earner) in Baltimore typically needs ~$128,700 for a comfortable middle-class lifestyle (housing for 4, childcare/school, food, healthcare, transport, savings). A $109,879 salary as the sole household income is below the comfortable threshold — most families need a second income or to live in cheaper suburbs/exurbs of Baltimore. Childcare costs in Baltimore typically run $18K-$33K per child per year.
What is the take-home pay for a Financial Analyst in Baltimore?
On a $109,879 Financial Analyst salary in Baltimore, MD, you take home approximately $76,807.557 per year ($6,401/month, $2,954 per biweekly paycheck) after taxes. Breakdown: federal $15,875.38, state $5,274.192, local $3,516.128, FICA $8,405.744. Effective tax rate: 30.1%. (Single filer, standard deduction, no other adjustments.)
How much do Financial Analysts in Baltimore earn compared to the US average?
Financial Analysts in Baltimore earn approximately 10% more than the US national median for this role ($99,890 nationally vs $109,879 in Baltimore). However, Baltimore's cost-of-living index of 117 means real purchasing power is approximately $93,914 when adjusted for local prices.
What does an entry-level Financial Analyst earn in Baltimore?
Entry-level Financial Analysts in Baltimore typically start at around $77,000 (0–2 years experience). With 5+ years, Financial Analysts earn $159,500 or more. Top earners (90th percentile) reach $192,500+, typically at senior or lead levels with specialized skills.
Did Financial Analyst salaries in Baltimore increase in 2026?
Yes — Financial Analyst salaries in Baltimore grew approximately 410.0% year-over-year, from $21,545 in 2025 to $109,879 in 2026 (+$88,334). This reflects the broader Finance sector's compensation trend, driven by Python for finance and Tableau/Power BI demand.
What's the job outlook for Financial Analysts in Baltimore?
Financial analyst roles growing 9%. Strong demand at hedge funds, PE firms, and corporate finance. Baltimore's top industries include Healthcare (Johns Hopkins), Government, Defense, and the metro's current unemployment rate is 4% — steady demand for skilled workers.
What skills are most in demand for Financial Analysts in 2026?
The hottest 2026 skills for Financial Analysts are: Python for finance, Tableau/Power BI, SQL, CFA, AI/ML in finance. ATS systems specifically scan for these keywords. Adding them to your resume — naturally and in context — significantly improves your match rate with employers in Baltimore.
Who are the top employers hiring Financial Analysts in Baltimore?
Top employers hiring Financial Analysts in or near Baltimore include: JPMorgan, Goldman Sachs, Morgan Stanley, Bank of America, BlackRock, Bridgewater. Most use ATS software (Workday, Greenhouse, Taleo, iCIMS) to screen resumes — meaning your resume must be ATS-optimized to even get a human reader.
How do I negotiate a higher Financial Analyst salary in Baltimore?
I'm walking away from $X in unvested deferred compensation if I leave now. Can we structure the offer with a sign-on that makes me whole, plus a guaranteed first-year bonus floor? Key leverage points for Finance negotiations: Bonus targets and historical payout percentages (ask for last 3 years actual); Profit-share, carry, or AUM-linked compensation for senior roles; CFA, CPA, or Series licenses materially shift base compensation. Beyond base salary, negotiate for: Guaranteed first-year bonus (especially in IB, PE, hedge funds), Sign-on / make-whole for forfeited deferred comp, Carried interest or profit-share at PE/HF/VC firms, CFA / Series exam fees and study time off.
How can I increase my Financial Analyst salary in Baltimore?
Three highest-leverage moves: (1) Add 2026's hot skills (Python for finance, Tableau/Power BI, SQL) — they command 15-30% premiums. (2) Get a recognized certification (e.g., CFA or FRM). (3) Tailor your resume to each role's keywords — CVCraft's ATS scanner shows you exactly what's missing.
What education do I need to become a Financial Analyst in Baltimore?
Bachelor's degree in finance/economics; CFA preferred is the typical path. However, Baltimore's competitive market increasingly values demonstrable skills, portfolios, and certifications alongside (or in place of) traditional degrees — particularly for Finance roles.

Methodology & Sources

Financial Analyst salary figures for Baltimore are computed by adjusting the BLS national median ($99,890) by Baltimore's cost-of-living multiplier of 1.10× — a composite of regional wage data and price parities. Year-over-year change (410.0%) reflects the Finance sector's 2025-2026 wage growth per BLS Employment Cost Index trends. Last reviewed April 28, 2026.

Data Sources

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