Most finance analysts list "financial statements," "financial models," and "special projects" as skills on their resumes. We go into more details on the most important finance analyst responsibilities here: Computer skills can be considered to be the most important personality trait for a finance analyst to have. According to a finance analyst resume, "financial analysts must be adept at using software packages to analyze financial data, see trends, create portfolios, and make forecasts." Finance analysts are able to use computer skills in the following example we gathered from a resume: "accomplished in material resource planning (mrp) and erp procedures and computer software. " Another commonly found skill for being able to perform finance analyst duties is the following: analytical skills. According to a finance analyst resume, "financial analysts must process a range of information in finding profitable investments." Check out this example of how finance analysts use analytical skills: "developed, maintained financial models/applications (vba excel/access) to automate and streamline business processes and perform financial analysis. " Communication skills is also an important skill for finance analysts to have. This example of how finance analysts use this skill comes from a finance analyst resume, "financial analysts must explain their recommendations to clients in clear language that clients can easily understand." Read this excerpt from a resume to understand how vital it is to their everyday roles and responsibilities, "improved internal communication efforts among business units. " In order for certain finance analyst responsibilities to be completed, the job requires the skill "detail oriented." According to a finance analyst resume, "financial analysts must pay attention to details when reviewing possible investments, as small issues may have large implications for the health of an investment." As an example, this snippet was taken directly from a resume about how this skill applies: "utilize knowledge of excel, sharepoint, and vba to create reports, scorecards, and macro-oriented templates. " As part of the finance analyst description, you might find that one of the skills that might be helpful to the job is "math skills." A finance analyst resume included this snippet: "financial analysts use mathematical skills when estimating the value of financial securities." This skill could be useful in this scenario: "managed the monthly and quarterly key statistics reports for two online business units. "
See the full list of finance analyst skills.
Before becoming a finance analyst, 75.9% earned their bachelor's degree. When it comes down to graduating with a master's degree, 16.2% finance analysts went for the extra education. If you're wanting to pursue this career, it may be impossible to be successful with a high school degree. In fact, most finance analysts have a college degree. But about one out of every nine finance analysts didn't attend college at all.
Those finance analysts who do attend college, typically earn either business degrees or accounting degrees. Less commonly earned degrees for finance analysts include finance degrees or economics degrees.
Once you're ready to become a finance analyst, you should explore the companies that typically hire finance analysts. According to finance analyst resumes that we searched through, finance analysts are hired the most by Robert Half International, Deloitte, and Amazon.com. Currently, Robert Half International has 161 finance analyst job openings, while there are 119 at Deloitte and 68 at Amazon.com.
But if you're interested in companies where you might earn a high salary, finance analysts tend to earn the biggest salaries at DineGigs, Luminus, and McKinsey & Company. Take DineGigs for example. The median finance analyst salary is $179,126. At Luminus, finance analysts earn an average of $167,645, while the average at McKinsey & Company is $165,600. You should take into consideration how difficult it might be to secure a job with one of these companies.
View more details on finance analyst salaries across the United States.
If you earned a degree from the top 100 educational institutions in the United States, you might want to take a look at IBM, Lockheed Martin, and JPMorgan Chase. These three companies have hired a significant number of finance analysts from these institutions.
In general, finance analysts fulfill roles in the finance and technology industries. While employment numbers are high in those industries, the finance analyst annual salary is the highest in the finance industry with $90,414 as the average salary. Meanwhile, the technology and retail industries pay $89,439 and $74,141 respectively. This means that finance analysts who are employed in the finance industry make 25.8% more than finance analysts who work in the health care Industry.