Finance

Financial Analyst Salary in Minnesota (2026)

The average Financial Analyst in Minnesota earns around $110,000/year. After taxes, your estimated take-home is $80,258/year ($6,688/month).

Take-Home Pay Breakdown

CategoryAmount
Annual Take-Home Pay
$80,258
Monthly Take-Home Pay
$6,688
Biweekly Take-Home Pay
$3,087
Hourly Take-Home Pay

based on 2,080 hrs/year

$39/hr
Federal Tax
$15,370
State Tax
$5,957
FICA Taxes
$8,415
Effective Tax Rate

total taxes ÷ gross salary

27.04%
Estimates only — not tax advice. · Full disclaimer →

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Financial Analyst Salary Ranges in Minnesota

Entry Level (0–3 yrs)

$72,000

/year

See tax breakdown →

Mid Level (3–7 yrs)

$110,000

/year

See tax breakdown →

Senior Level (7+ yrs)

$175,000

/year

See tax breakdown →

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.

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