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Financial analysts provide guidance to businesses and individuals making investment decisions. They assess the performance of stocks, bonds, and other types of investments.Duties
Financial analysts typically do the following:
Financial analysts evaluate investment opportunities. They work in banks, pension funds, mutual funds, securities firms, insurance companies, and other businesses. Financial analysts are also called securities analysts and investment analysts.
Financial analysts can be divided into two categories: buy-side analysts and sell-side analysts.
Some analysts work for the business media or other research houses, which are independent from the buy and sell side.
Financial analysts generally focus on trends affecting a specific industry, geographical region, or type of product. For example, an analyst may focus on a subject area such as the energy industry, a world region such as Eastern Europe, or the foreign exchange market. They must understand how new regulations, policies, and political and economic trends may affect investments.
Investing is becoming more global, and some financial analysts specialize in a particular country or region. Companies want those financial analysts to understand the language, culture, business environment, and political conditions in the country or region that they cover.
The following are examples of types of financial analysts:
Portfolio managers select the mix of products, industries, and regions for their company’s investment portfolio. These managers are responsible for the overall performance of the portfolio. They are also expected to explain investment decisions and strategies in meetings with stakeholders.
Fund managers work exclusively with hedge funds or mutual funds. Both fund and portfolio managers frequently make buy or sell decisions in reaction to quickly changing market conditions.
Ratings analysts evaluate the ability of companies or governments to pay their debts, including bonds. On the basis of their evaluation, a management team rates the risk of a company or government not being able to repay its bonds.
Risk analysts evaluate the risk in investment decisions and determine how to manage unpredictability and limit potential losses. This job is carried out by making investment decisions such as selecting dissimilar stocks or having a combination of stocks, bonds, and mutual funds in a portfolio.
Financial analysts typically must have a bachelor’s degree, but a master’s degree is often required for advanced positions.Education
Most positions require a bachelor’s degree. A number of fields of study provide appropriate preparation, including accounting, economics, finance, statistics, and mathematics. For advanced positions, employers often require a master’s degree in business administration (MBA) or a master’s degree in finance. Knowledge of options pricing, bond valuation, and risk management are important.Licenses, Certifications, and Registrations
The Financial Industry Regulatory Authority (FINRA) is the main licensing organization for the securities industry. It requires licenses for many financial analyst positions. Most of the licenses require sponsorship by an employer, so companies do not expect individuals to have these licenses before starting a job.
Certification is often recommended by employers and can improve the chances for advancement. An example is the Chartered Financial Analyst (CFA) certification from the CFA Institute. Financial analysts can become CFA certified if they have a bachelor’s degree, 4 years of qualified work experience, and pass three exams. Financial analysts can also become certified in their field of specialty.Advancement
Financial analysts typically start by specializing in a specific investment field. As they gain experience, they can become portfolio managers, who select the mix of investments for a company’s portfolio. They can also become fund managers, who manage large investment portfolios for individual investors. A master’s degree in finance or business administration can improve an analyst’s chances of advancing to one of these positions.Important Qualities
Analytical skills. Financial analysts must process a range of information in finding profitable investments.
Communication skills. Financial analysts must explain their recommendations to clients in clear language that clients can easily understand.
Computer skills. Financial analysts must be adept at using software packages to analyze financial data, see trends, create portfolios, and make forecasts.
Decisionmaking skills. Financial analysts must provide a recommendation to buy, hold, or sell a security.
Detail oriented. Financial analysts must pay attention to details when reviewing possible investments, as small issues may have large implications for the health of an investment.
Math skills. Financial analysts use mathematical skills when estimating the value of financial securities.
To be successful, financial analysts must be motivated to seek out obscure information that may be important to the investment. Many work independently and must have self-confidence in their judgment.
Average Length of Employment
Top Careers Before Finance/Accounting Analyst
Top Careers After Finance/Accounting Analyst
Hispanic or Latino8.6%
Black or African American0.9%
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University of Phoenix10.1%
University of Chicago7.6%
University of Connecticut6.3%
University of Houston6.3%
San Jose State University5.1%
New York University5.1%
University of Texas at Dallas5.1%
University of Alabama at Huntsville5.1%
Western Michigan University5.1%
University of Texas at Arlington3.8%
Saint Joseph's University3.8%
University of South Florida3.8%
University of California - San Diego3.8%
University of Illinois at Chicago3.8%
Georgia State University3.8%
University of Southern California3.8%
Unfortunately we don’t have enough data for this section.
|Job Title||Company||Location||Start Date||Salary|
|Financial Accounting Analyst||MSD Capital, L.P.||New York, NY||Sep 11, 2012||$150,000|
|Financial Accounting Analyst||Citibank, N.A.||Islandia, NY||Jul 27, 2015||$105,000|
|Financial Accounting Analyst||Autodesk, Inc.||San Francisco, CA||Aug 15, 2016||$103,106 -
|SAP Financial Accounting Business Analyst||Copart, Inc.||Dallas, TX||Sep 20, 2014||$97,822 -
|Financial Accounting Lead Analyst||Citigroup Technology, Inc.||Tampa, FL||Apr 09, 2012||$91,800|
|Financial/International Accounting Analyst/Accounting Manager||Next Generation Technology Inc.||Arlington Heights, IL||Sep 15, 2015||$91,270|
|Financial Accounting Lead Analyst||Citicorp North America, Inc.||Tampa, FL||Dec 13, 2010||$90,000|
|Financial Accounting Analyst-GSO Finance||The Blackstone Group||New York, NY||Aug 17, 2015||$90,000|
|Associate Financial Accounting Analyst||Broken Hill Proprietary (USA), Inc.||Houston, TX||Dec 01, 2010||$80,740|
|Financial/Accounting Analyst||Mark Cunningham Inc.||New York, NY||Sep 30, 2012||$80,000|
|Finance and Accounting Analyst||Specialty Minerals Inc.||Bethlehem, PA||Mar 20, 2013||$79,539 -
|Analyst, Finance & Accounting||Comcast Cable Communications, LLC||Houston, TX||Oct 01, 2011||$78,631|
|Financial Planning & Accounting Analyst III||Santander Bank, N.A.||Boston, MA||Apr 11, 2016||$75,000 -
|Financial Accounting Analyst||Wilson Subway LLC||Plymouth, NC||May 04, 2016||$73,000|
|Analyst, Financial Accounting & Services||Arcelormittal USA LLC||East Chicago, IN||May 25, 2011||$68,640|
|Financial Accounting Analyst||Citibank, N.A.||New York, NY||Oct 01, 2011||$67,000|
|Financial Operations/Accounting Analyst||Invex, Inc.||Miami, FL||Sep 27, 2012||$65,000|
|Financial Accounting Analyst||Fresenius Management Services, Inc., A Fresenius M||Waltham, MA||Oct 01, 2013||$64,378|
|Financial Operations/Accounting Analyst||Invex Inc.||Miami, FL||Sep 25, 2015||$63,000|
|Financial Accounting Analyst||Fresenius Management Services, Inc.||Waltham, MA||Jun 28, 2011||$61,197|
|Financial Accounting Analyst||Citigroup Technology, Inc.||Tampa, FL||Mar 26, 2012||$61,056|
|Finance and Accounting Rotation Analyst||Ca, Inc.||Islandia, NY||Sep 01, 2013||$55,000|
|Financial and Accounting Analyst||Topson Downs of California, Inc.||Culver City, CA||Aug 09, 2016||$55,000|
|Finance & Accounting Analyst||Omnium||Chicago, IL||Mar 07, 2010||$55,000 -
|Finance and Accounting Rotation Analyst||Ca, Inc.||Islandia, NY||Sep 05, 2013||$55,000|
|Financial Accounting Analyst||International Sos Assistance, Inc.||Jersey City, NJ||Sep 16, 2014||$55,000 -
|Finance & Accounting Analyst||Citadel Solutions, LLC||Chicago, IL||Oct 01, 2009||$55,000 -
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