How to Become a Financial and Investment Analysts in Michigan
Financial and Investment Analysts in Michigan earn a median salary of $90,400/year, which is 11% below the national average. Michigan has a state income tax of ~4.3%. After taxes and rent, a financial and investment analysts takes home approximately $4,266/month. Most positions require Bachelor's degree.
What a financial and investment analysts can afford in Michigan
Becoming a financial and investment analysts in Michigan
Meet education requirements
Financial and Investment Analysts positions in Michigan typically require Bachelor's degree. Programs are available at colleges and training institutions across Michigan. Research accredited programs in your area.
Gain required experience
Many financial and investment analysts positions in Michigan require hands-on experience through internships, apprenticeships, or entry-level roles. Look for training programs and mentorship opportunities in your metro area.
Obtain Michigan licensure or certification
Michigan may require specific licensing or professional certification for financial and investment analystss. Requirements vary by state — contact the Michigan Department of Labor or relevant licensing board for current requirements, exam schedules, and application procedures.
Find positions in Michigan
Michigan employs 8,020 financial and investment analysts. The highest concentrations are in Detroit-Warren-Dearborn and Monroe.
Financial and Investment Analysts salary by metro area in Michigan
| Metro area | Median | Hourly | Employment |
|---|---|---|---|
| Detroit-Warren-Dearborn | $98K | $47.2/hr | 4,660 |
| Monroe | $96K | $46.29/hr | 40 |
| Midland | $91K | $43.51/hr | 50 |
| Ann Arbor | $90K | $43.34/hr | 320 |
| Grand Rapids-Wyoming-Kentwood | $86K | $41.42/hr | 740 |
| Jackson | $85K | $40.86/hr | 70 |
| Kalamazoo-Portage | $84K | $40.43/hr | 160 |
| Saginaw | $81K | $39.13/hr | 80 |
| Niles | $81K | $38.9/hr | 40 |
| Lansing-East Lansing | $80K | $38.66/hr | 510 |
| Battle Creek | $80K | $38.48/hr | 60 |
| Muskegon-Norton Shores | $79K | $37.88/hr | 40 |
| Flint | $79K | $37.78/hr | 160 |
| Traverse City | $78K | $37.43/hr | 50 |
Financial and Investment Analysts salary range in Michigan
Financial and Investment Analysts careers in other states
Frequently asked questions
How much does a financial and investment analysts make in Michigan?▼
The median financial and investment analysts salary in Michigan is $90,400 per year ($43.46/hr). This is 11% below the national median of $101,350. Salaries range from $62,070 to $137,440.
What are the requirements to become a financial and investment analysts in Michigan?▼
Financial and Investment Analysts positions in Michigan typically require Bachelor's degree. Michigan may have specific licensing or certification requirements. Check with the Michigan licensing board or department of labor for current requirements.
Can a financial and investment analysts afford to live in Michigan?▼
At the median salary of $90,400, a financial and investment analysts in Michigan would take home approximately $5,678/month after taxes. With median 2-bedroom rent at $1,412/month, that's 24.9% of take-home pay going to housing. This is within the recommended 30% guideline.
What are the best cities for financial and investment analysts in Michigan?▼
The highest paying metro areas for financial and investment analysts in Michigan are Detroit-Warren-Dearborn ($98,180), Monroe ($96,270), Midland ($90,510). However, cost of living varies significantly between metros — a higher salary may not mean more purchasing power.
Does Michigan have state income tax for financial and investment analysts?▼
Yes, Michigan has a state income tax rate of approximately 4.3%. On a $90,400 salary, this means roughly $3,842/year in state income tax. Use our take-home pay calculator for a detailed breakdown.