Financial Analyst Salary Job Description, Certification, Resume

Financial Analyst Salary – How Much Does a Financial Analyst Earn

More often than not, we find ourselves dealing with finances of some sort. They may involve expenses, investments or other economic matters. Put that type of scenario in a large scale and what you’ll get are businessmen and corporations dealing with vast amounts of money. It can be a really confusing situation thinking of how these organizations keep watch over such matters which involve important investments and business updates. This is where the role of a financial analyst comes in. Financial analysts are individuals who serve as a guide for other individuals and businesses when they make investments. Hence, they are key people when it comes to evaluating the potentials of a certain business or investment. The job that they are tasked with can be really complex and involve a lot of work. Considering this, have you ever thought of what a financial analyst salary might look like? The answer to that question and other information related to financial analysts will be revealed in this article.

For anyone who considers a career as a financial analyst, one of your considerations would most likely include the pay and job outlook. Currently, the job outlook for financial analysts looks really promising. There is an expected 23 percent growth in employment for this career. Such an increase is expected due to a need for people who are capable of analyzing trends in business and markets found in different geographic regions. Aside from this, more businesses are in emergence and that certainly springs up a need for people who specialize in this area. Financial analysts are hard workers who typically work more than 40 hours per week. In a lot of instances, their job would demand them to work for as much as 50 to 70 hours a week. It is apparent how these individuals can be so busy; thus you might end up thinking that a financial analyst salary would look more than favorable. The fact of the matter is, financial analysts received a median annual wage of $74,350 for the year 2010.This would mean that an entry level financial analyst salary or those who receive pay that belong to the lowest 10% received an annual rate of $44,490 for that year. On the other hand, for the more experienced ones, a senior financial analyst salary or the pay received by those who belong to the top 10% was about $141,700. [1] Financial analysts can be found employed by a variety of companies such as banks, credit institutions, brokerage firms and insurance companies. However, many financial analysts work in financial firms located in big cities.

It is no wonder that financial analysts get to be paid really handsomely. The nature of their work can really demand a lot of their time, effort and attention. Aside from doing work in the office, they can be seen travelling to and from different locations for potential investments. They communicate with a number of people including clients, companies and investors and on top of that; they also should take note of looming deadlines. It is also important for them to be on track with the latest economic and business trends when giving out recommendations to clients. Thus, you can just imagine how financial analysts, especially the rookies in the field, might end up being a little bit too consumed with their work. However, it is good to note that financial analysts also get bonuses which would be a significant addition to their pay. They are indeed very worthy to receive such rewards due to the amount of responsibility bestowed upon them.

To become a financial analyst, one must finish a bachelor’s degree. Although a degree from any major is acceptable, it is ideal for the candidate to possess a degree in fields such as accounting and economics. For those aiming to climb higher in the employment ladder, a master’s degree is typically required. Aside from education, anyone who would like to work as a financial analyst must be really dedicated in the kind of work that they do. Considering how these individuals need to complete heaps and heaps of paper work, keep themselves updated with the latest trends in finance and marketing, how they need to constantly deal with clients and all other sorts of work that they have to attend to; it is without a doubt that financial analysts are individuals who are truly worthy of recognition.

Finance Jobs – Different Careers in Finance

Ever considered pursuing a career in finance? The need for individuals who are familiar with the different know-hows in the field of finance is always present. Whoever you may be, chances are, you have known someone who has sought the help of a professional when it comes to planning about money matters. This is when experts in finance come in. From deciding upon investments to serving as consultants for corporate institutions, the field of finance covers a broad scope. Hence, having a career in finance doesn’t necessarily mean that all you have to do is be pre-occupied about money. However, it is something that closely resembles the gist of what having a career in finance is all about. When talking about finance jobs, there is a wide array of careers to choose from. They span the different aspects of finance and selecting which career is right for you can be a bit tricky. As with any other job, selecting the finance career that will most suit you involves much consideration and deliberation. For instance, selecting a job involves a number of factors such as thinking of an ideal workplace or the tasks which you are most comfortable to deal with on a regular basis. Also, career growth is another factor to consider. Do you see yourself growing in this certain path in a few years’ time? Are the opportunities presented for this particular job appealing to you? These questions, among others, should be carefully thought of when thinking of the finance job that you believe will be best for you.

Maybe you’re a graduate assessing your career opportunities or a professional who is looking at taking a career shift. Whatever your reason is, choosing from a variety of finance jobs has also something to do with your skills and abilities. Are you one for financial planning? Or you might find yourself most interested in banking? These are a number of niches that are covered by finance along with real estate and insurance. Financial Planning is all about coming up with a plan on how to properly manage your finances for your life goals. Some examples of these life goals may include but are not limited to saving up money for your child’s college education, retirement plans and saving up to buy a house. Banking, on the other hand, is concerned with receiving and protecting money owned by other individuals, groups or organizations. Profit is earned through lending out this money. Moreover, real estate deals with the different money transactions involved in the business. Lastly, insurance can be found in a variety of sectors. Generally, it is a financial product being sold to individuals or groups to protect property from the risk of loss.

When selecting a career path to pursue in the world of finance, it is important to consider the particular niche where you believe you could grow as a professional. Also, consider the kind of services that you are to render; will they give you a sense of fulfillment as a professional? Think of what types of tasks and responsibilities are you ready to deal with on a regular basis. Also make sure that you have acquired the necessary knowledge that will make you the right person for the job. Once you find your place in the finance business, you can be assured that professional growth and stability will be inevitable. For more information, take a look at this list from Forbes which discusses different financial career options. From commercial banking to corporate finance, you can be assured that you won’t lose job prospects by checking out the wide array of careers in finance.

Financial Analyst Resume – Tips and Recommendations

If you are considering a career as a financial analyst, then it would be a good idea to think of what to put in your resume. The competition in this field can be really tough and what you put in your financial analyst resume can mean the difference between securing an interview and being rejected from a prospective job. So, how do you stand out from the dozens, or maybe hundreds seeking the same position as yourself? It is important to make attention-grabbing resumes that wouldn’t end up being too gaudy. Being straight to the point and not including unnecessary items can also be helpful.

Just like any other profession, it is important to highlight the skills you possess for the particular job opening. Hence, for financial analysts, it is important to present a resume stating your skills that can assure prospective employers that you are qualified for the job. First of all, education is important for the candidate who intends to pursue a career as a financial analyst. A bachelor’s degree is typical for entry level positions while other higher level job openings might require a certification or license. Licensing isn’t a requisite for financial analysts but there are firms which require their financial analysts to possess a license. In other cases, employers serve as sponsors for candidates who intend to earn a license. Licensing for financial analysts may be obtained through the Financial Industry Regulatory Authority (FINRA). [1]

Aside from mentioning your skills and qualifications, it is also important to mention any previous work experience you have had that is related to the job opening. Including your achievements can also be a factor if you would like to create an impression. There are also a number of pointers that should be kept in mind when you come up with your financial analyst resume. For instance, the resume must pertain to the position and company that you are applying. Doing a little research for you to gain a background of what the company is like and what kind of needs they have will give you an edge over other applicants. Also, taking note and including the keywords (e.g. adjectives) stated in the job description can bring you to the next level of the application process. Furthermore, make sure that you come up with a presentable resume. That is, review it several times to check for spelling or grammatical errors. Lastly, displaying a little of your personality can make reading your resume more pleasurable to a prospective employer. However, remember that you should remain professional and not go over the top when showing off your personality.

Financial Analyst Certification – Investing for your Career

The job outlook for financial analysts is expected to grow by 23 percent from 2010 to 2020. Alongside this growth is an expected increase in competition found in this job market. There are a lot of individuals who intend to pursue a career path as a financial analyst due to the promising pay and other opportunities. Hence, people who want to stand out from the rest of the pack opt to earn a financial analyst certification to prove that they have what it takes to be worthy of the field. [1] A certification also strengthens one’s prospects in the company they are in and can help them climb up the employment ladder.

Certifications aren’t typically required for candidates who are just starting out in the industry. However, they are recommended for people who want to open up opportunities for advancement. One of the more popular certifications is the chartered financial analyst certification issued by the CFA Institute. This financial analyst certification is one that cannot be easily obtained as it demands a lot of time and effort. The program takes about four years to be completed and there are exams involved which take around six months for preparation. On top of those, candidates have to devote 10-15 hours of their time per week for studying. Due to the level of commitment needed for the designation, many individuals end up not achieving the certification. [2] However, the lengthy candidates won’t be too cumbersome for candidates who are looking at creating more opportunities for professional and personal growth with a CFA designation.

Another designation sought by financial analysts is the master’s in business administration (MBA). The program to earn an MBA takes about one to two years for completion. Applying for the program involves a number of requirements such as years of work experience, a bachelor’s degree, Graduate Management Admission test (GMAT) or Graduate Record Examination (GRE) scores and recommendation letters. The MBA covers a broader focus and is helpful for candidates who want to achieve greater career objectives in business and other related fields. [3]

Many individuals in the industry tend to ask whether or not to earn a CFA or MBA. Both have their own advantages and the choice one makes can greatly depend on the prospects that they want to meet in their careers. In addition, financial and time constraints are also considerations should also be kept in mind when pursuing a certain financial analyst certification or designation.

  • CFA vs MBA”. Wall Street Oasis. Retrieved August 24, 2013.

What is a Financial Analyst – Understanding the Profession

You might already have been informed by the kind of job that a financial analyst deals with. That is, they review and examine information that will help companies come up with important decisions when making investments. However, this is just the tip of the iceberg and a financial analyst’s job includes a wide array of work. Hence, what is a financial analyst? What does it take for a person to take part as an analyst in the world of investments, accounting and the like?

There are a lot of kinds of investments that we can across with and without a doubt, not every one of us can easily pinpoint how a particular investment can be beneficial or advantageous for us. Making an investment decision is never easy. And on top of that, the risks taken when planning to invest can have a major effect on the state of businesses and corporations. Hence, the assistance of experts and specialists are necessary if we want to gain insight about the prospects of a deal. This is where individuals we refer to as financial analysts come in to do their job. Since being a financial analyst can be really demanding, individuals who intend to pursue this path in their career have to be prepared and devoted to the kind of job awaiting them. Having a foundation in business, accounting and economics will be a great help to ensure your success in the job.

Based on the years of experience, the job rendered by a financial analyst varies. For instance, an entry level financial analyst is seen to do a heavy amount of paper work and they also have a lot of research to do. Their work typically includes writing spreadsheets, gathering data and updating themselves with relevant news through publications and other media. During the earlier years, financial analysts deal with this kind of work due to how they have to cultivate their knowledge about the field or sector where their work is mostly involved with. A junior financial analyst also shares the same type of work as the ones who are still at entry level. As for the senior financial analyst, the work flow may be similar to that of entry level and junior financial analyst. However, those at senior level have greater responsibilities due to the fact that they have already developed a certain degree of expertise through the years. Their work includes developing investments opinions from data. One of their main concerns also is to communicate with clients and other members of the company regarding matters like a company’s business model or to discuss investment opinions. A senior financial analyst also serves as a mentor to junior financial analysts so constant communication between the two can also be a part of their routine at work. [1]

Answering a question like “what is a financial analyst?” makes us realize how behind businesses and companies, there are these steadfast individuals who assist in keeping certain aspects of industries in place. The job may appear to be really demanding and competitive, hence it doesn’t come as a surprise how their salary can come as a form of reward or compensation for the hard work that they do. Many industries rely on these individuals to help them understand how to go about with investment decisions.

Financial Analyst Job Description – What Does a Financial Analyst Do

Now that you know the figures associated with the pay received by a financial analyst, you might begin to wonder about the tasks and duties that one has to deal with. When you hear the term financial analyst, what would most likely come into mind is an individual who deals with a lot of numbers, charts and other document. This is actually a correct view of what financial analysts are, but it just shows a small portion of their career. Looking into a financial analyst job description would be a great opportunity for us to take a peek into their line of work.

As an overview, financial analysts are individuals who provide financial advice to companies and businesses. Aside from this, they also give guidance for decisions that these companies face concerning investment and other forms of fund expenditure. They can be found in a variety of settings such as insurance companies, banks, and credit firms. However, most financial analysts are based in cities that are considered to be large financial centers. In order for us to get to understand the nature of these individuals more, let us enumerate the duties and responsibilities that are usually found in a financial analyst job description. They are as follows:

  • Come up with investment portfolios by recommending
  • Assess prospective deals
  • Study current trends in business and economy
  • Examine a company’s finances and review related reports to learn more about a company’s value
  • Communicate with company leaders to understand and evaluate more of its prospects
  • Speak with company officials to learn about how the company is being managed
  • Constantly reviewing and updating themselves of news, market trend and other movements in the financial industry
  • Assemble spreadsheets and create written reports

Basically, a financial analyst has to analyze how feasible a certain deal is for a company. They come up with a plan based on the aforementioned tasks which allow them to come up with an analysis for the deal in question. In this manner, they help in understanding investment opportunities that can contribute in a company’s growth. Their job includes a number of aspects. Financial analysts also need to consider other aspects such as the geographical setting or industries relating to a particular investment. It is apparent how financial analysts play an important role in evaluating various business deals and investment prospects that can greatly affect a company’s financial standing. Certainly, no one else can finish such an arduous job. The services provided by financial analysts are truly one of a kind and they deserve to be commended.