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.

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Salary range

25th Percentile

$68,000

per year

Median

$89,000

per year

75th Percentile

$118,000

per year

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

Retail & E-CommerceHealthcareFinancial ServicesFood & AgricultureManufacturing

Negotiating in Minneapolis

Emphasize retention risk when negotiating. Minneapolis employers know that remote opportunities from warmer, lower tax states are a constant competitive threat.

Financial Analyst salary FAQ

A CFA charter typically adds $10,000 to $25,000 in annual salary and significantly expands career opportunities in investment management, equity research, and portfolio management. The designation signals deep commitment to the profession and is particularly valued in asset management firms.

First year investment banking analysts typically earn $100,000 to $120,000 base plus a $50,000 to $100,000 bonus. Corporate financial analysts at similar experience start at $65,000 to $85,000 with more modest bonuses. Banking hours are considerably longer, justifying the premium.

Relocating to Minneapolis for a Financial Analyst role depends on the salary difference, cost of living adjustment, career growth opportunities, and personal preferences. Calculate your take home pay after taxes and housing costs. Orbyt's Runway tool helps you model the financial impact of relocation decisions.

Start by understanding the market range: $68,000 to $118,000 for Financial Analysts in Minneapolis. Research the specific company, prepare data points about your experience, and consider total compensation including equity, bonuses, and benefits. Orbyt's Salary Playbook provides personalized negotiation strategies based on your specific offer.

Entry level Financial Analyst positions in Minneapolis typically start around $68,000 or slightly below, depending on the company and your educational background. Candidates with relevant internships, certifications, or portfolio projects can often negotiate toward the median of $89,000.

Financial Analyst salary in other cities

Other salaries in Minneapolis

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