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Securities analyst hiring summary. Here are some key points about hiring securities analysts in the United States:
Here's a step-by-step securities analyst hiring guide:
Securities analysts, also known as financial analysts, are responsible for collecting and interpreting data on securities, economies, corporate strategies, and financial markets. They provide clients with recommendations on investments based on in-depth research. This role has various duties and responsibilities that include putting out a buy, sell or hold recommendation in the financial markets, assessing the value and financial stability of companies, and meeting with company representatives to better understand their business practices. Securities analysts are also responsible for devising financial models.
Before you start hiring a securities analyst, identify what type of worker you actually need. Certain positions might call for a full-time employee, while others can be done by a part-time worker or contractor.
A securities analyst's background is also an important factor in determining whether they'll be a good fit for the position. For example, securities analysts from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.
This list shows salaries for various types of securities analysts.
| Type of Securities Analyst | Description | Hourly rate |
|---|---|---|
| Securities Analyst | Information security analysts plan and carry out security measures to protect an organization’s computer networks and systems. Their responsibilities are continually expanding as the number of cyberattacks increases. | $28-56 |
| Information Assurance Engineer | Information assurance engineers are responsible for protecting an organization's data. They act as a team of security specialists that use their skill in securely operating and keeping data to protect the organization's most essential asset... Show more | $32-56 |
| Information Systems Security Officer | An information systems security officer's role is to perform preventive measures to protect a company's data and systems from hackers or cyber-attacks. Their responsibilities revolve around assessing the existing security measures to identify any vulnerabilities or inconsistencies, recommending and implementing changes to improve security systems, and developing new strategies and programs for data protection... Show more | $32-57 |
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | California | $111,104 | $53 |
| 2 | New York | $97,978 | $47 |
| 3 | Washington | $93,278 | $45 |
| 4 | New Jersey | $92,340 | $44 |
| 5 | Massachusetts | $90,867 | $44 |
| 6 | District of Columbia | $88,999 | $43 |
| 7 | Pennsylvania | $84,709 | $41 |
| 8 | Maryland | $82,710 | $40 |
| 9 | Virginia | $82,609 | $40 |
| 10 | Texas | $79,428 | $38 |
| 11 | North Carolina | $78,867 | $38 |
| 12 | Utah | $77,613 | $37 |
| 13 | Georgia | $77,582 | $37 |
| 14 | Illinois | $77,011 | $37 |
| 15 | Wisconsin | $76,792 | $37 |
| 16 | Minnesota | $75,952 | $37 |
| 17 | Arizona | $75,669 | $36 |
| 18 | Missouri | $75,213 | $36 |
| 19 | Ohio | $74,230 | $36 |
| 20 | Florida | $71,560 | $34 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Meta | $151,501 | $72.84 | 357 |
| 2 | Apple | $148,932 | $71.60 | 13 |
| 3 | Lyft | $146,968 | $70.66 | |
| 4 | NVIDIA | $136,482 | $65.62 | 5 |
| 5 | Microsoft | $134,213 | $64.53 | 27 |
| 6 | First Republic Bank | $131,007 | $62.98 | |
| 7 | Cheniere Energy | $130,195 | $62.59 | |
| 8 | $129,686 | $62.35 | ||
| 9 | Amazon | $129,404 | $62.21 | 146 |
| 10 | Bloomberg | $128,798 | $61.92 | |
| 11 | Pacific Investment Management Company LLC | $127,438 | $61.27 | 2 |
| 12 | Atlassian | $127,176 | $61.14 | 3 |
| 13 | BGC Partners | $126,954 | $61.04 | |
| 14 | McKinsey & Company Inc | $124,083 | $59.66 | 1 |
| 15 | Bed Bath & Beyond | $123,550 | $59.40 | |
| 16 | Adobe | $122,560 | $58.92 | 4 |
| 17 | Twilio | $120,775 | $58.06 | |
| 18 | Cisco | $119,659 | $57.53 | 8 |
| 19 | Mayo Clinic | $119,289 | $57.35 | |
| 20 | MGM Studios | $118,200 | $56.83 |
A securities analyst job description should include a summary of the role, required skills, and a list of responsibilities. It's also good to include a salary range and the first name of the hiring manager. Below, you can find an example of a securities analyst job description:
To find securities analysts for your business, try out a few different recruiting strategies:
Recruiting securities analysts requires you to bring your A-game to the interview process. The first interview should introduce the company and the role to the candidate as much as they present their background experience and reasons for applying for the job. During later interviews, you can go into more detail about the technical details of the job and ask behavioral questions to gauge how they'd fit into your current company culture.
It's also good to ask about candidates' unique skills and talents to see if they match your ideal candidate profile. If you think a candidate is good enough for the next step, you can move on to the technical interview.
While interviews are great, you will only sometimes learn enough from a conversation with a securities analyst applicant. In those cases, having candidates complete a test project can go a long way in figuring out who's the most likely to succeed in the role. If you aren't a technical person and don't know how to design an appropriate test, you can ask someone else on the team to create it or take a look at these websites to get a few ideas:
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've decided on a perfect securities analyst candidate, it's time to write an offer letter. In addition to salary, it should include benefits and perks available to the employee. Qualified candidates may be considered for other positions, so make sure your offer is competitive. Candidates may wish to negotiate. Once you've settled on the details, formalize your agreement with a contract.
It's also important to follow up with applicants who do not get the job with an email letting them know that the position is filled.
To prepare for the new securities analyst first day, you should share an onboarding schedule with them that covers their first period on the job. You should also quickly complete any necessary paperwork, such as employee action forms and onboarding documents like I-9, benefits enrollment, and federal and state tax forms. Finally, Human Resources must ensure a new employee file is created for internal record keeping.
Recruiting securities analysts involves both the one-time costs of hiring and the ongoing costs of adding a new employee to your team. Your spending during the hiring process will mostly be on things like promoting the job on job boards, reviewing and interviewing candidates, and onboarding the new hire. Ongoing costs will obviously involve the employee's salary, but also may include things like benefits.
Securities analysts earn a median yearly salary is $84,334 a year in the US. However, if you're looking to find securities analysts for hire on a contract or per-project basis, hourly rates typically range between $28 and $56.