Life As a Financial Analyst
Position Description Conduct quantitative analyses of information affecting investment programs of public or private institutions.
A Day in the Life of a Financial Analyst
- Present oral or written reports on general economic trends, individual corporations, and entire industries.
- Conduct financial analyses related to investments in green construction or green retrofitting projects.
- Prepare plans of action for investment, using financial analyses.
- Purchase investments for companies in accordance with company policy.
- Determine the financial viability of alternative energy generation or fuel production systems, based on power source or feedstock quality, financing costs, potential revenue, and total project costs.
- Recommend investments and investment timing to companies, investment firm staff, or the public.
Financial Analyst Required 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.
Types of Financial Analyst
- Stock Analyst
- Finance Analyst
- Pricing Analyst
- Corporate Financial Analyst
- Accounting Analyst
Job Demand for Financial Analysts
In the United States, there were 296,100 jobs for Financial Analyst in 2016. 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. Due to new job openings and attrition, there will be an average of 29,000 job openings in this field each year.
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.
Financial Analyst Average Salary
The average yearly salary of a Financial Analyst ranges between $52,540 and $167,420.
Financial Analysts who work in New York, California, or New Jersey, make the highest salaries.
How much do Financial Analysts make in each U.S. state?
|State||Annual Mean Salary|
|District of Columbia||$102,510|
What Tools & Technology 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
- Data visualization software
- Microsoft Project
- Microsoft SharePoint
- Microsoft Visio
- Structured query language SQL
- The MathWorks MATLAB
- Microsoft Dynamics
- IBM Notes
- Microsoft Visual Basic
- Google Docs
- FileMaker Pro
How to Become a Financial Analyst
Are there Financial Analysts education requirements?
What work experience do I need to become a Financial Analyst?
Who Employs Financial Analysts?
Below are examples of industries where Financial Analysts work:
Image Credit: Dave Dugdale via Creative Commons Attribution-Share Alike 2.0 Generic
More about our data sources and methodologies.
Featured Accounting / Finance Schools
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