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Financial Analyst

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Life As a Financial Analyst

Job Description & Duties Conduct quantitative analyses of information affecting investment programs of public or private institutions.

Financial Analyst Responsibilities

  • Identify potential financial investments that are environmentally sound, considering issues such as carbon emissions and biodiversity.
  • Forecast or analyze financial costs associated with climate change or other environmental factors, such as clean water supply and demand.
  • Present oral or written reports on general economic trends, individual corporations, and entire industries.
  • Monitor fundamental economic, industrial, and corporate developments by analyzing information from financial publications and services, investment banking firms, government agencies, trade publications, company sources, or personal interviews.
  • Evaluate financial viability and potential environmental benefits of cleantech innovations to secure capital investments from sources such as venture capital firms and government green fund grants.
  • Interpret data on price, yield, stability, future investment-risk trends, economic influences, and other factors affecting investment programs.

Financial Analyst Skills

Below is a list of the skills most Financial Analysts say are important on the job.

Critical Thinking: Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.

Reading Comprehension: Understanding written sentences and paragraphs in work related documents.

Active Listening: Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.

Mathematics: Using mathematics to solve problems.

Speaking: Talking to others to convey information effectively.

Writing: Communicating effectively in writing as appropriate for the needs of the audience.

  • Portfolio Analyst
  • Bank Analyst
  • Fiscal Analyst
  • Investment Officer
  • Money Manager

Job Opportunities for Financial Analysts

There were about 296,100 jobs for Financial Analyst in 2016 (in the United States). New jobs are being produced at a rate of 10.8% which is above the national average. The Bureau of Labor Statistics predicts 32,100 new jobs for Financial Analyst by 2026. There will be an estimated 29,000 positions for Financial Analyst per year.

Forecasted Number of Jobs for Financial Analysts in U.S.

The states with the most job growth for Financial Analyst are Utah, Arizona, and Tennessee. Watch out if you plan on working in Maine, Alaska, or Mississippi. These states have the worst job growth for this type of profession.

Do Financial Analysts Make A Lot Of Money?

Financial Analysts make between $52,540 and $167,420 a year.

Salary Ranges for Financial Analysts

Financial Analysts who work in New York, California, or New Jersey, make the highest salaries.

Below is a list of the median annual salaries for Financial Analysts in different U.S. states.

State Annual Mean Salary
Alabama $88,350
Alaska $101,720
Arizona $78,650
Arkansas $78,050
California $109,640
Colorado $109,120
Connecticut $105,950
Delaware $93,740
District of Columbia $102,510
Florida $78,280
Georgia $84,350
Hawaii $78,800
Idaho $75,280
Illinois $88,760
Indiana $78,290
Iowa $83,230
Kansas $77,130
Kentucky $69,830
Louisiana $75,630
Maine $79,610
Maryland $92,800
Massachusetts $105,540
Michigan $84,410
Minnesota $93,160
Mississippi $74,230
Missouri $91,800
Montana $99,630
Nebraska $70,740
Nevada $83,370
New Hampshire $94,680
New Jersey $106,100
New Mexico $103,040
New York $137,270
North Carolina $89,020
North Dakota $82,770
Ohio $80,060
Oklahoma $70,300
Oregon $92,640
Pennsylvania $93,870
Rhode Island $80,650
South Carolina $80,690
South Dakota $73,870
Tennessee $74,870
Texas $94,980
Utah $78,510
Vermont $84,300
Virginia $97,990
Washington $87,590
West Virginia $75,290
Wisconsin $81,000
Wyoming $139,660

What Tools do Financial Analysts Use?

Below is a list of the types of tools and technologies that Financial Analysts may use on a daily basis:

  • Microsoft Excel
  • Microsoft Word
  • Microsoft Office
  • Microsoft PowerPoint
  • Microsoft Outlook
  • Microsoft Access
  • Data entry software
  • SAP
  • Data visualization software
  • Microsoft Project
  • Microsoft SharePoint
  • Microsoft Visio
  • Structured query language SQL
  • The MathWorks MATLAB
  • SAS
  • Microsoft Dynamics
  • IBM Notes
  • Microsoft Visual Basic
  • Google Docs
  • FileMaker Pro

How to Become a Financial Analyst

Learn what Financial Analyst education requirements there are.

Financial Analyst Degree Level

How Long Does it Take to Become a Financial Analyst?

Financial Analyst Work Experience

Where Financial Analysts Work

Financial Analyst Sectors

The table below shows the approximate number of Financial Analysts employed by various industries.

Financial Analyst Industries

References:

Image Credit: Dave Dugdale via Creative Commons Attribution-Share Alike 2.0 Generic

More about our data sources and methodologies.

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