What Does it Take to Be 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
- Monitor developments in the fields of industrial technology, business, finance, and economic theory.
- Prepare plans of action for investment, using financial analyses.
- 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.
- Purchase investments for companies in accordance with company policy.
- Present oral or written reports on general economic trends, individual corporations, and entire industries.
- Forecast or analyze financial costs associated with climate change or other environmental factors, such as clean water supply and demand.
Things a Financial Analyst Should Know How to Do
When polled, Financial Analysts say the following skills are most frequently used in their jobs:
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.
Related Job Titles
- Real Estate Analyst
- Mutual Fund Accountant
- Pricing Analyst
- Corporate Statistical Financial Analyst
- Stock Analyst
Financial Analyst Employment Estimates
In 2016, there was an estimated number of 296,100 jobs in the United States for Financial Analyst. 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. The BLS estimates 29,000 yearly job openings in this field.
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.
What is the Average Salary of a Financial Analyst
Financial Analysts make between $52,540 and $167,420 a year.
Financial Analysts who work in New York, California, or New Jersey, make the highest salaries.
How much do Financial Analysts make in different U.S. states?
|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 do I Become a Financial Analyst?
Education needed to be a Financial Analyst:
How Long Does it Take to Become a Financial Analyst?
Where Financial Analysts Are Employed
Financial Analysts work in the following industries:
Image Credit: Dave Dugdale via Creative Commons Attribution-Share Alike 2.0 Generic
More about our data sources and methodologies.