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Asset analyst hiring summary. Here are some key points about hiring asset analysts in the United States:
Here's a step-by-step asset analyst hiring guide:
Asset analysts are accounting professionals who specialize in the management of the company's assets. They maintain the company's record of assets. They ensure that their database is updated. They also ensure that all physical assets are properly maintained. Asset analysts prepare reports related to these assets and draft recommendations as needed. They also keep themselves updated on the current trends in both the industry and in the economic market. They should always be on the lookout for possible asset acquisitions to improve the company's economic standing.
First, determine the employments status of the asset analyst you need to hire. Certain asset analyst roles might require a full-time employee, whereas others can be done by part-time workers or contractors.
Hiring the perfect asset analyst also involves considering the ideal background you'd like them to have. Depending on what industry or field they have experience in, they'll bring different skills to the job. It's also important to consider what levels of seniority and education the job requires and what kind of salary such a candidate would likely demand.
Here's a comparison of asset analyst salaries for various roles:
| Type of Asset Analyst | Description | Hourly rate |
|---|---|---|
| Asset Analyst | Financial analysts provide guidance to businesses and individuals making investment decisions. They assess the performance of stocks, bonds, and other types of investments. | $22-52 |
| Financial Analyst Internship | A financial analyst intern is responsible for supporting an organization with financial activities and tasks. Typical duties and responsibilities may include creating and analyzing financial reports, preparing financial statements, and helping with audits... Show more | $13-25 |
| Analyst Internship | An analyst internship is a student program where an intern is assigned to assist analyst professionals by analyzing business goals, objectives, and needs. Analyst interns assist in the planning and designing of business processes and suggest recommendations for improvement... Show more | $13-25 |
Including a salary range in the asset analyst job description is a good way to get more applicants. An asset analyst salary can be affected by several factors, such as the location of the job, the level of experience, education, certifications, and the employer's prestige.
For example, the average salary for an asset analyst in Montana may be lower than in Massachusetts, and an entry-level engineer typically earns less than a senior-level asset analyst. Additionally, an asset analyst with lots of experience in the field may command a higher salary as a result.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | California | $93,420 | $45 |
| 2 | Massachusetts | $89,867 | $43 |
| 3 | Connecticut | $88,042 | $42 |
| 4 | New York | $86,714 | $42 |
| 5 | Arizona | $78,204 | $38 |
| 6 | Pennsylvania | $76,935 | $37 |
| 7 | Maryland | $71,677 | $34 |
| 8 | Virginia | $69,895 | $34 |
| 9 | Texas | $61,949 | $30 |
| 10 | Ohio | $61,896 | $30 |
| 11 | Florida | $61,821 | $30 |
| 12 | Indiana | $61,358 | $30 |
| 13 | Illinois | $59,835 | $29 |
| 14 | Alabama | $58,736 | $28 |
| 15 | Georgia | $57,645 | $28 |
| 16 | North Carolina | $57,551 | $28 |
| 17 | Colorado | $55,151 | $27 |
| 18 | Louisiana | $53,741 | $26 |
| 19 | North Dakota | $52,146 | $25 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Pacific Investment Management Company LLC | $123,762 | $59.50 | 16 |
| 2 | BNY Mellon | $114,120 | $54.87 | 9 |
| 3 | Citi | $107,641 | $51.75 | 62 |
| 4 | BNP Paribas | $101,648 | $48.87 | 6 |
| 5 | Barclays | $101,251 | $48.68 | 8 |
| 6 | UBS | $100,901 | $48.51 | 6 |
| 7 | Constellation Energy Partners | $99,785 | $47.97 | 6 |
| 8 | Northern Trust | $99,433 | $47.80 | 6 |
| 9 | Bloomberg | $98,915 | $47.56 | 23 |
| 10 | Nomura Securities | $97,998 | $47.11 | 19 |
| 11 | Arizona Public Service | $97,349 | $46.80 | |
| 12 | HSBC Bank | $96,344 | $46.32 | 2 |
| 13 | First Foundation | $94,923 | $45.64 | 4 |
| 14 | Repsol Energy North America Corporation | $93,955 | $45.17 | |
| 15 | Sony Pictures | $93,825 | $45.11 | 3 |
| 16 | JPMorgan Chase & Co. | $86,789 | $41.73 | 1,089 |
| 17 | Brown Advisory | $85,916 | $41.31 | 8 |
| 18 | Nike | $84,750 | $40.75 | 1 |
| 19 | Sherpa | $84,191 | $40.48 | 1 |
| 20 | Marten Transport | $81,384 | $39.13 |
A job description for an asset analyst role includes a summary of the job's main responsibilities, required skills, and preferred background experience. Including a salary range can also go a long way in attracting more candidates to apply, and showing the first name of the hiring manager can also make applicants more comfortable. As an example, here's an asset analyst job description:
To find the right asset analyst for your business, consider trying out a few different recruiting strategies:
Your first interview with asset analyst candidates should focus on their interest in the role and background experience. As the hiring process goes on, you can learn more about how they'd fit into the company culture in later rounds of interviews.
You should also ask about candidates' unique skills and talents to see if they match the ideal candidate profile you developed earlier. Candidates good enough for the next step can complete the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've decided on a perfect asset analyst candidate, it's time to write an offer letter. In addition to salary, it should include benefits and perks available to the employee. Qualified candidates may be considered for other positions, so make sure your offer is competitive. Candidates may wish to negotiate. Once you've settled on the details, formalize your agreement with a contract.
It's equally important to follow up with applicants who don't get the job with an email letting them know that the position has been filled.
After that, you can create an onboarding schedule for a new asset analyst. Human Resources and the hiring manager should complete Employee Action Forms. Human Resources should also ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc., and that new employee files are created.
Hiring an asset analyst comes with both the one-time cost per hire and ongoing costs. The cost of recruiting asset analysts involves promoting the job and spending time conducting interviews. Ongoing costs include employee salary, training, benefits, insurance, and equipment. It is essential to consider the cost of asset analyst recruiting as well the ongoing costs of maintaining the new employee.
The median annual salary for asset analysts is $72,242 in the US. However, the cost of asset analyst hiring can vary a lot depending on location. Additionally, hiring an asset analyst for contract work or on a per-project basis typically costs between $22 and $52 an hour.