Salary Data

Financial Analyst Salary in Salt Lake City

$83,000

median salary, 2% below the national average

According to Orbyt's 2026 salary analysis, the average Financial Analyst salary in Salt Lake City is $83,000. Salaries range from $64,000 (25th percentile) to $110,000 (75th percentile), adjusted for Salt Lake City's cost of living.

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Salary range

25th Percentile

$64,000

per year

Median

$83,000

per year

75th Percentile

$110,000

per year

How Salt Lake City compares

Salt Lake City, UT

$83,000

Cost of living: 2% below average

National Average

$85,000

Salt Lake City is $2,000 below

Financial Analyst job market in Salt Lake City

Salt Lake City market overview

Salt Lake City anchors the Silicon Slopes tech corridor, home to companies like Qualtrics, Pluralsight, and Domo. The region has attracted significant venture investment and tech relocations. Utah's business friendly environment, young educated workforce, and outdoor lifestyle make it a rising destination for tech professionals seeking affordability without sacrificing career growth.

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 Salt Lake City

Utah has a flat 4.65% state income tax. Salt Lake City imposes no additional city income tax. The moderate rate combined with affordable living costs results in strong net compensation.

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 Salt Lake City

Technology & SaaSHealthcareFinancial ServicesOutdoor RecreationAerospace

Negotiating in Salt Lake City

Reference Silicon Slopes growth when negotiating. Local employers are increasingly matching 85 to 95% of Seattle or Bay Area salaries to compete for tech talent.

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.

Financial Analysts in Salt Lake City commonly receive benefits including health insurance, retirement contributions, paid time off, and professional development budgets. Many employers also offer remote work flexibility, signing bonuses, and performance based bonuses. Total compensation often exceeds base salary by 20% to 40%.

Salt Lake City offers competitive compensation for Financial Analysts relative to its cost of living. The local job market, industry presence, and quality of life all factor into whether Salt Lake City is the right fit. Consider using Orbyt's Salary Playbook to compare offers across cities and factor in your personal financial situation.

Entry level Financial Analyst positions in Salt Lake City typically start around $64,000 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 $83,000.

Financial Analyst salary in other cities

Other salaries in Salt Lake City

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