Junior Financial Analyst salary in Nigeria

Average Yearly Salary of Junior Financial Analyst in Nigeria is approximately 4,318,622 NGN (5,171 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Junior Financial Analyst do?

A junior financial analyst is an entry-level position in the field of finance that involves analyzing financial data, preparing reports, and assisting senior analysts with investment research. They are responsible for gathering and interpreting financial information, conducting market research, and monitoring industry trends. Junior financial analysts also assist in creating financial models and forecasts to support decision-making processes. They may be involved in evaluating investment opportunities, assessing risk, and making recommendations to improve financial performance.

Skills: Junior Financial Analyst, Finance, Financial Analysis, Investment Research, Financial Modeling, Market Research
Job industry: Finance

How much does Junior Financial Analyst make?

Difference in salary year over year or average salary increase is approximately 4 %


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Salary comparison to National average

Is Junior Financial Analyst a well paid job?

Yes, our data show that Junior Financial Analyst is an averagely well paid job that still allows for some yearly savings. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Junior Financial Analyst?

High salary for Junior Financial Analyst would be somewhere between 4,750,484 NGN and 6,262,002 NGN. However this is an estimation based on Gaussian Distribution.

How much can you save working as Junior Financial Analyst in Nigeria?

Living in Nigeria the approximate monthly expenses are: 206 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 4,318,622 NGN
Estimated Monthly Salary: 359,885 NGN
Estimated Weekly Salary: 83,050 NGN per week
Estimated Hourly Salary: 2,076 NGN per hour
By working as Junior Financial Analyst a person can save up to 225 USD per month or 2,704 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Nigeria, see costs of living in Nigeria.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Niger, Chad, Cameroon, Benin.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Junior Financial Analyst

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

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Data as of 2025

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