An investment analyst is a financial professional who performs financial research, evaluation and gives recommendations on future investment opportunities. This position is an entry-level role in investment banking and reports to an investment manager. As an investment analyst, you are expected to analyze financial securities such as stocks, bonds, currencies and make recommendations to buy, sell or hold the securities.
An investment analyst can decide to specialize in a particular industry or class of investment. They can also opt to handle projects across different sectors. Investment analysts are usually employed at brokerage firms, investment banks, large banks, pension funds, hedge funds, or even private equity firms.
An investment analyst's working hours are hardly regular, but they work 40 hours a week, Monday to Friday, from 9 to 5. They may be required to travel from time to time when performing research at a different location.
There is more than meets the eye when it comes to being an investment analyst. For example, did you know that they make an average of $41.91 an hour? That's $87,164 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 investment 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.
When it comes to the most important skills required to be an investment analyst, we found that a lot of resumes listed 13.7% of investment analysts included portfolio, while 12.5% of resumes included financial statements, and 6.6% of resumes included investment strategies. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.
When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the investment analyst job title. But what industry to start with? Most investment analysts actually find jobs in the finance and insurance industries.
If you're interested in becoming an investment analyst, one of the first things to consider is how much education you need. We've determined that 52.0% of investment analysts have a bachelor's degree. In terms of higher education levels, we found that 40.7% of investment analysts have master's degrees. Even though most investment 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 an investment analyst. When we researched the most common majors for an investment analyst, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on investment analyst resumes include associate degree degrees or doctoral degree degrees.
You may find that experience in other jobs will help you become an investment analyst. In fact, many investment analyst jobs require experience in a role such as internship. Meanwhile, many investment analysts also have previous career experience in roles such as finance analyst or analyst.