Financial analysts evaluate how bonds and stocks perform and use that information to provide investment advice to businesses and individuals. This position typically reports to a senior accountant or financial manager. Similar job titles include investment analyst, securities analyst, risk analyst and portfolio manager.
- Job Stats
- Education and Experience Requirements
- Additional Qualifications Recommended
- Assess the performance of investments
- Advise senior managers and clients on investment decisions
- Maintain awareness of economic, social and political factors affecting financial decisions in the company or client’s industry
- Provide detailed data analysis and reports that track financial trends and forecast future needs
- Employment numbers: A total of 253,000 financial analyst positions were documented in 2012 by the Bureau of Labor Statistics.
- Salary: According to the Robert Half 2015 Salary Guide, financial analysts at mid-size companies with one to three years of experience can expect to earn between $55,250 and $72,500 annually. Analysts employed by larger companies, and those with more experience, can expect to earn higher salaries.
- Projected growth: The Bureau of Labor Statistics expects a 16% increase in financial analyst positions between 2012 and 2022. The growth in this field is attributed to the the need for expertise in investment analysis and regulatory reform.
Education and Experience Requirements
- A bachelor’s or master’s degree in accounting, finance, business, economics, statistics or a related field is expected.
- Three or more years of relevant experience is typical of accountants entering a financial analyst position.
Additional Qualifications Recommended
- FINRA licenses: Credentials offered through the Financial Industry Regulatory Authority may be required in some positions, however, these licenses must be sponsored by an employer.
- CFA: The Chartered Financial Analyst credential is another option for accountants working primarily on tasks related to investment analysis and portfolio management.