Salary Data
Financial Analyst Salary in Minneapolis
$89,000
median salary, 5% above the national average
According to Orbyt's 2026 salary analysis, the average Financial Analyst salary in Minneapolis is $89,000. Salaries range from $68,000 (25th percentile) to $118,000 (75th percentile), adjusted for Minneapolis's cost of living.
Salary range
How Minneapolis compares
Minneapolis, MN
$89,000
Cost of living: 5% above average
National Average
$85,000
Minneapolis is $4,000 above
Financial Analyst job market in Minneapolis
Minneapolis market overview
Minneapolis is a Fortune 500 powerhouse with Target, UnitedHealth Group, Best Buy, and 3M headquartered in the metro. The city's strong corporate base creates consistent demand across finance, healthcare, retail tech, and supply chain roles. Quality of life is high, and employers offer competitive salaries to offset the cold winters.
What drives Financial Analyst salaries
Industry sector (investment banking vs. corporate finance vs. tech FP&A) creates the largest salary dispersion. Financial analysts at investment banks and private equity firms earn significantly more than corporate counterparts. Modeling sophistication, deal experience, and CFA progress also materially affect compensation.
Beyond base salary
Total compensation
Bonuses in corporate finance range from 5 to 15% of base. Investment banking analysts receive bonuses of 50 to 100%+ of base salary. Equity is uncommon in traditional finance but increasingly offered at fintech companies. Benefits typically include exam fee reimbursement for CFA and CPA.
Tax considerations in Minneapolis
Minnesota's top income tax rate is 9.85%, one of the highest state rates. There is no city income tax in Minneapolis, but the state burden significantly reduces take home pay.
Career progression
Analyst roles start at $65,000 to $90,000 (corporate) or $100,000 to $120,000 (banking). Senior analysts earn $90,000 to $130,000 after two to four years. Finance managers reach $130,000 to $170,000, and directors or VPs in FP&A can earn $180,000 to $250,000 at large corporations.
Top industries in Minneapolis
Negotiating in Minneapolis
Emphasize retention risk when negotiating. Minneapolis employers know that remote opportunities from warmer, lower tax states are a constant competitive threat.