How much does a Financial Analyst make in Minnesota?

BLS puts the average Financial Analyst pay in Minnesota at $108,280 a year (BLS, May 2025). On that pay in Minnesota, after federal taxes, FICA, and Minnesota state taxes, your estimated take-home pay is approximately $79,165 annually ($6,597/month).

What is the take-home pay for a Financial Analyst in Minnesota?

On a $108,280 salary in Minnesota, your take-home pay is approximately $79,165/year or $6,597/month. Federal tax: $14,992. State tax: $5,840. FICA: $8,283.

Is $108,280 a good Financial Analyst salary?

$108,280 is the BLS average Financial Analyst pay in Minnesota, 7% below the US average of $116,800 (BLS, May 2025). The middle 50% in Minnesota earn between $78,860 and $128,250.

How do Minnesota taxes affect Financial Analyst salaries?

Minnesota levies state income tax on top of federal taxes. Your estimated state tax on $108,280 is $5,840. Your total effective tax rate is approximately 26.9%.

What are the career growth prospects for Financial Analysts?

In Minnesota, the top 10% earn over $161,580 and the bottom 10% under $65,290 (BLS, May 2025). 8% growth through 2032 (faster than average). Related roles include: Investment Analyst, Equity Analyst, Budget Analyst, Portfolio Manager.

How can a Financial Analyst in Minnesota reduce their tax bill?

Maximize your 401(k) contribution ($24,500 in 2026) to reduce taxable income. An HSA ($4,400 single / $8,750 family) adds further pre-tax savings. These strategies can save thousands annually — use our calculator to see your exact savings.

Finance

Financial Analyst Salary in Minnesota (2026)

Average Financial Analyst pay in Minnesota

$108,280/year

≈ $52/hour before tax

Middle 50% earn $78,860–$128,250

US average: $116,800

Source: BLS, May 2025

After tax (single filer)

$79,165/year

$6,597/month · effective tax rate 26.89%

Federal $14,992
State $5,840
FICA $8,283
Take-home

Pay by role in Minnesota

Director / VP Finance$215,000–$385,000+ TC
Senior Investment Analyst (Wealth Mgmt)$135,000–$215,000
Senior Corporate FP&A$125,000–$195,000
Senior Treasury Analyst (Cargill / 3M)$135,000–$210,000
Senior Equity Research Analyst$135,000–$235,000+ TC
Senior Banking Analyst (US Bancorp)$115,000–$175,000

See all 10 roles with notes

See the full tax breakdown

Category	Amount
Annual Take-Home Pay	$79,165
Monthly Take-Home Pay	$6,597
Biweekly Take-Home Pay	$3,045
Hourly Take-Home Pay based on 2,080 hrs/year	$38/hr
Federal Tax	$14,992
State Tax	$5,840
FICA Taxes	$8,283
Effective Tax Rate total taxes ÷ gross salary	26.89%

Estimates only — not tax advice. · Full disclaimer →

Not all Financial Analysts earn the same — not even close

Minnesota's financial analyst market is anchored by Ameriprise Financial HQ Minneapolis (Fortune 250 wealth management, ~$1.4T AUM, ~10K MN employees), US Bancorp HQ Minneapolis (Fortune 200 banking, ~$680B assets, ~7K MN), Target HQ corporate finance + IR (Fortune 50 retail), Cargill Wayzata corporate finance + treasury (~$165B-revenue private), Securian Financial HQ St. Paul (mutual life insurance), Thrivent Financial HQ Minneapolis ($175B+ AUM faith-based), plus UnitedHealth corporate finance + Best Buy + 3M + General Mills FP&A organizations.

Director / VP Finance

$215,000–$385,000+ TC

UHG + Target + Best Buy + 3M VP Finance · MN Fortune 500 executive band

Senior Investment Analyst (Wealth Mgmt)

$135,000–$215,000

Ameriprise · Securian + Thrivent + Allianz Life Mpls · advisor support + portfolio analysis

Senior Corporate FP&A

$125,000–$195,000

Target FP&A · Best Buy FP&A · 3M FP&A · UnitedHealth FP&A · Fortune 500 corp finance

Senior Treasury Analyst (Cargill / 3M)

$135,000–$210,000

Cargill global treasury · 3M treasury · UHG treasury · commodity hedging + FX + capital markets

Senior Equity Research Analyst

$135,000–$235,000+ TC

Piper Sandler equity research · Robert W. Baird Mpls · regional research coverage

Senior Banking Analyst (US Bancorp)

$115,000–$175,000

US Bancorp credit + commercial banking + capital markets · banking-track senior associate

Senior Insurance Analyst

$118,000–$185,000

Securian + Thrivent + Allianz Life + Travelers Mpls · actuarial + product + investments

Senior IR Analyst

$125,000–$215,000

Target IR · Best Buy IR · UHG IR · 3M IR · public-company investor relations

Mid-Level Financial Analyst (3-6 yrs)

$78,000–$118,000

Functional senior associate at MN Fortune 500 · transitioning to senior band

Junior Financial Analyst (0-3 yrs)

$62,000–$88,000

Carlson School MBA + St. Thomas + Macalester finance pipeline · entry band

Worth knowing: Ameriprise Financial HQ Minneapolis is the deepest wealth-management employer in the upper Midwest and an anchor most national finance-career surveys understate for MN. Ameriprise (~$1.4T AUM, ~10K MN employees, post-2005 American Express spinoff, the country's largest publicly-traded retail wealth manager after Morgan Stanley + Merrill + Wells Fargo Advisors) operates substantial advisor + portfolio + product organizations supporting ~12K advisors nationally. Senior Ameriprise investment analysts clear $135-215K TC. Cargill Wayzata corporate treasury is among the largest US private-company treasury organizations — global FX + commodity hedging + capital markets at $165B-revenue scale, with senior Cargill treasury analysts at $135-210K TC. US Bancorp HQ Minneapolis (Fortune 200, ~$680B assets, the country's 5th-largest commercial bank) anchors MN banking finance. Piper Sandler HQ Minneapolis + Robert W. Baird MN operations support regional equity research + sell-side coverage. MN's 9.85% top bracket catches Director/VP comp at $250K+ TC — for a $325K VP Finance the MN state tax adds ~$25-28K/year vs SD/TX/FL residency.

Sources & Methodology

Salary figures are market estimates for Financial Analysts in Minnesota and vary by employer, specialty, seniority, and metro. Take-home math assumes a single filer with no dependents, the standard deduction, and Minnesota 2026 state rates. Local taxes, insurance premiums, and pre-tax contributions will move your number — run the calculator for your own situation.

Run your own numbers