How To Become An Assistant Analyst: What It Is and Career Path

What is an assistant analyst and how to become one

Updated January 8, 2025

3 min read

Quoted expert

Erik Johnson Ph.D.

Assistant analysts are finance professionals who usually work in the banking or corporate sector. Their main purpose is to work on management of corporate strategy and economic trends.

Their duties and responsibilities as an assistant analyst are to record financial transaction and analyze financial statements of the company concerned. They ensure complete and accurate accounting statements to confirm to the principles of accounting. They also help the company to analyze the best option in selling the company shares to the public for the first time among others. Essential skills necessary to be successful in this capacity include in-depth knowledge of accounting principles, computer proficiency, statistical knowledge, mathematical, and analytical. Educational requirements for the position include a bachelor's degree in finance, accounting, or a relevant field. Prior work experience is desirable, but not mandatory.

The average hourly salary for this position is $25, which amounts to $52,000 annually. The career is projected to substantially grow in the near future, resulting in various new job opportunities emerging all over the United States.

What general advice would you give to an assistant analyst?

Erik Johnson Ph.D.

Assistant Professor of Economics, Carthage College

Economics gives you a set of tools to analyze a variety of policy and business problems. However, determining which tools to apply in which situation requires that you learn the industry, you are working from top to bottom. When you begin a new job in a new field, be sure to do everything you can to understand how the organization and the industry work to understand the primary incentives that everyone faces. One right way to do this is to make as many connections within the company you are working for as possible, and always be on the lookout for new opportunities within the company and how they can help you learn more. Moreover, do your best to ensure that a significant portion of your job involves some creative endeavors, such as economic modeling or building tools for yourself or others to use. As computing power continues to become cheaper, and artificial intelligence becomes more advanced, relatively repetitive tasks become more comfortable and easier to automate. Therefore, you will have less job security. Creative tasks, such as modeling and tool building, are difficult to automate and are more likely to provide you with more satisfaction.

ScoreAssistant AnalystUS Average

Salary

4.5

Avg. Salary $57,413

Avg. Salary $59,228

Stability level

4.9

Growth rate 19%

Growth rate 0.3%

Diversity

3.0

Race

American Indian and Alaska Native 0.13%

Asian 14.01%

Black or African American 4.68%

Hispanic or Latino 11.13%

Unknown 4.87%

White 65.17%

Gender

female 55.72%

male 44.28%

Age - 34

Race

American Indian and Alaska Native 3.00%

Asian 7.00%

Black or African American 14.00%

Hispanic or Latino 19.00%

White 57.00%

Gender

female 47.00%

male 53.00%

Age - 34

Stress level

4.9

Stress level is manageable

7.1 - high

Complexity level

8.2

Complexity level is challenging

7 - challenging

Work life balance

4.6

Work life balance is fair

6.4 - fair

Key steps to become an assistant analyst

Explore assistant analyst education requirements

Most common assistant analyst degrees

Bachelor's

70.9 %

Master's

11.6 %

Associate

10.7 %

Start to develop specific assistant analyst skills

Skills	Percentages
PowerPoint	20.79%
Financial Statements	10.96%
Data Entry	9.51%
Accruals	9.13%
SOX	6.06%

Complete relevant assistant analyst training and internships

Accountants spend an average of 1-3 months on post-employment, on-the-job training. New assistant analysts learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as an assistant analyst based on U.S. Bureau of Labor Statistics data and data from real assistant analyst resumes.

Research assistant analyst duties and responsibilities

Manage project team meetings using SharePoint calendars.
Assist management with evaluation of restructuring alternatives, procurement of financing, negotiations with multiple constituencies and issuance of new securities.
Develop ISO standardize operating procedures for all production processes.

Prepare your assistant analyst resume

When your background is strong enough, you can start writing your assistant analyst resume.

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