Job Description

What Is a Financial Analyst? A financial analyst is a data scientist who works to achieve the most financial reward while taking on the least risk for their firms, companies, corporations, organizations, or clients. They scrutinize and interpret complex financial reports, research and monitor global trends, and create financial models that financial managers and stakeholders will understand. The title of financial analyst includes many specialties and areas of expertise, including investment analysts, who focus on finding investments, and equity analysts, who deal mainly with buying and selling stocks. Corporations also employ financial analysts to track the efficiency of their marketing efforts for various targeted audiences. How To Become A Financial Analyst in 5 Steps Consider the following steps as you explore a potential career as a financial analyst. Choose a program and earn your degree. Consider certifications and licenses. Look into an internship. Find a job. Pursue a Master’s degree if desired. Financial Analyst Degree and Educational Requirements There is no specific degree required for a career as a financial analyst, but finding a job will probably be easier if you have a bachelor's degree, and most companies require it. Nearly all financial analysts start with an internship or entry-level position. These positions will make you eligible for training, credentials, and educational opportunities only available to those already employed in the field. Important Traits and Skills for Financial Analysts Attention to detail, analytical and math skills, a love for raw data, communication and presentation skills, technical and design abilities, decisiveness, and keen observation skills are essential for a successful career as a financial analyst. Financial Analyst Salary and Job Outlook According to the BLS, financial analysts earn a median salary of $99,010 per year. The agency predicts that job opportunities for financial analysts will grow 9.5% through 2033, with about 31,900 new job openings. How to Advance as a Financial Analyst You may be able to increase your chances of advancing in your career as a financial analyst by: Finding a mentor that takes an active interest in your development and career Not letting yourself plateau; keep learning new skills Networking and keeping informed about new developments within the industry Remaining flexible in your career location Maintaining high academic qualifications Continuing to take exams that result in registrations and credentials Stay Connected Keeping abreast of the field is key. The following groups offer information about education, jobs, and certifications for aspiring and practicing financial professionals: Chartered Financial Analyst (CFA) Institute Societies Kiplinger The Association of Financial Professionals (AFP) #J-18808-Ljbffr Allbusinessschools

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