A Finance Planning Analyst's main and base task is to analyze, assess, and understand the current financial position and assets of an individual, company, or organization by whom they were hired. This data is then used to predict what may come and understand how one could and should move forward to gain a better and more secure financial position. They then present this data in a clear and easy-to-understand format to the client and further discuss them. Throughout the process, the Analyst ensures that the information is secure and confidential, as well as consistently and continuously updated.
Due to the very nature of this job, the Analyst must remain vigilant, ever-expanding their understanding and knowledge of the financial and business world, as well as the analysis of both.
A Finance Planning Analyst need not have a Bachelor's degree in finance or a similar field, though some companies will ask for it, and many may prefer it. The key things to have for this job are previous finance, budgeting, analysis, and data comprehension.
There is more than meets the eye when it comes to being a Finance Planning Analyst. For example, did you know that they make an average of $38.2 an hour? That's $79,464 a year!
Between 2018 and 2028, the career is expected to grow 6% and produce 20,300 job opportunities across the U.S.
There are certain skills that many Finance Planning Analysts have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed Computer skills, Analytical skills and Communication skills.
If you're interested in becoming a Finance Planning Analyst, one of the first things to consider is how much education you need. We've determined that 75.1% of Finance Planning Analysts have a bachelor's degree. In terms of higher education levels, we found that 20.4% of Finance Planning Analysts have master's degrees. Even though most Finance Planning Analysts have a college degree, it's impossible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become a Finance Planning Analyst. When we researched the most common majors for a Finance Planning Analyst, we found that they most commonly earn Bachelor's Degree degrees or Master's Degree degrees. Other degrees that we often see on Finance Planning Analyst resumes include Associate Degree degrees or Doctoral Degree degrees.
You may find that experience in other jobs will help you become a Finance Planning Analyst. In fact, many Finance Planning Analyst jobs require experience in a role such as Finance Analyst. Meanwhile, many Finance Planning Analysts also have previous career experience in roles such as Senior Finance Analyst or Accountant.