Electrical Engineers vs Financial Analysts: Salary Comparison (2024)
Side-by-side salary comparison using 2024 Bureau of Labor Statistics data.
Which Career Pays More?
Electrical Engineers professionals earn $10,560 more per year than Financial Analysts professionals — that's 10.4% higher. At the 90th percentile, Electrical Engineers earns $175,460 compared to $180,550 for Financial Analysts.
Salary Range Comparison
Electrical Engineers$74,670 – $175,460
Financial Analysts$62,410 – $180,550
$62,410$180,550
Detailed Salary Comparison
| Percentile | Electrical Engineers | Financial Analysts | Difference |
|---|---|---|---|
| 10th Percentile | $74,670 | $62,410 | +$12,260 |
| 25th Percentile | $87,590 | $78,300 | +$9,290 |
| Median (50th) | $111,910 | $101,350 | +$10,560 |
| 75th Percentile | $141,630 | $132,050 | +$9,580 |
| 90th Percentile | $175,460 | $180,550 | $-5,090 |
| Mean (Average) | $120,980 | $116,490 | +$4,490 |
Employment Numbers
Electrical Engineers
188,790
employed nationwide
Financial Analysts
340,580
employed nationwide
Top Paying Cities
Best Cities for Electrical Engineers
| City | Median |
|---|---|
| San Jose-Sunnyvale-Santa Clara, CA | $186,920 |
| San Francisco-Oakland-Berkeley, CA | $163,840 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | $136,820 |
| Seattle-Tacoma-Bellevue, WA | $135,480 |
| Los Angeles-Long Beach-Anaheim, CA | $134,900 |
Best Cities for Financial Analysts
| City | Median |
|---|---|
| San Jose-Sunnyvale-Santa Clara, CA | $134,470 |
| New York-Newark-Jersey City, NY-NJ-PA | $128,490 |
| San Francisco-Oakland-Berkeley, CA | $128,470 |
| Seattle-Tacoma-Bellevue, WA | $111,410 |
| Boston-Cambridge-Nashua, MA-NH | $110,450 |
Frequently Asked Questions
Who earns more: Electrical Engineers or Financial Analysts?
Electrical Engineers professionals earn more, with a median salary difference of $10,560 (10.4% higher) as of 2024 BLS data.
What is the salary range for Electrical Engineers?
Electrical Engineers salaries range from $74,670 (10th percentile) to $175,460 (90th percentile), with a median of $111,910.
What is the salary range for Financial Analysts?
Financial Analysts salaries range from $62,410 (10th percentile) to $180,550 (90th percentile), with a median of $101,350.
How many Electrical Engineers and Financial Analysts jobs are there?
There are approximately 188,790 Electrical Engineers positions and 340,580 Financial Analysts positions nationwide according to 2024 BLS data.
Is it worth switching from Financial Analysts to Electrical Engineers?
Career decisions depend on many factors beyond salary. Electrical Engineers has a median salary of $111,910 while Financial Analysts earns $101,350. Consider job satisfaction, growth prospects, required education, and work-life balance.
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Data verified March 2026 · Source: U.S. Bureau of Labor Statistics OEWS