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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.
|Job Title||Company||Location||Start Date||Salary|
|Senior Financial Consultant||Velox Consulting Inc.||Mill Valley, CA||Nov 13, 2016||$160,000|
|Senior Financial Actuary||SCOR Global Life Americas Reinsurance Company||Charlotte, NC||Jul 01, 2014||$156,550|
|Senior Financial Consultant||Velox Consulting Inc.||Mill Valley, CA||Nov 14, 2014||$150,758 -
|Senior Financial Actuary||Transamerica Life Insurance Company||NC||Oct 01, 2010||$140,691|
|Senior Financial Actuary||SCOR Global Life Us Reinsurance Company||Charlotte, NC||Jul 01, 2011||$140,691 -
|Senior Financial Consultant||300Brand||Alexandria, VA||Sep 03, 2015||$140,000|
|Senior Financial Actuary||SCOR Global Life Americas Reinsurance Company||Charlotte, NC||Sep 21, 2012||$137,280 -
|Senior Financial Consultant||Contect Search, Inc.||Centreville, VA||Oct 01, 2009||$125,000|
|Senior Financial Consultant||Tricore Solutions LLC||Norwell, MA||Jan 20, 2014||$125,000|
|Senior Financial Consultant||Tricore Solutions LLC||Mansfield, MA||Jul 10, 2014||$125,000|
|Senior Financial Consultant||Tricore Solutions LLC||Mansfield, MA||Sep 24, 2014||$125,000|
|SR. Financial Consultant (Risk Management)||Life Technologies Corporation||Carlsbad, CA||Sep 22, 2013||$108,680 -
|Senior Financial Consultant||Murex North America Inc.||New York, NY||Sep 01, 2010||$107,500|
|Senior Financial Consultant||Murex North America, Inc.||New York, NY||Sep 28, 2011||$107,500|
|Senior Financial Consultant||Murex North America Inc.||New York, NY||Sep 28, 2014||$107,500 -
|Senior Financial Services Industry Consultant||S.W.I.F.T. Pan-Americas, Inc.||New York, NY||Oct 01, 2012||$105,230|
|Senior Financial Services Industry Consultant||S.W.I.F.T., Inc.||New York, NY||Oct 01, 2012||$105,230|
|Senior Financial Consultant||Murex North America, Inc.||New York, NY||Sep 11, 2012||$105,000|
|Senior JDE Financial Consultant||IBM Corporation||Nashville, TN||Dec 19, 2016||$105,000|
|PI Senior-Finance Transformation (Multiple Positions)||Ernst & Young U.S. LLP||Atlanta, GA||Nov 17, 2016||$93,434 -
|Senior Financial Analytics Consultant||Primatics Financial, LLC||McLean, VA||Feb 13, 2015||$91,114|
|Senior Financial Analytics Consultant||Primatics Financial, LLC||McLean, VA||Nov 16, 2014||$91,114|
|Senior Financial and Operations Consultant||Connor Group, LLC||Palo Alto, CA||Oct 23, 2012||$90,000|
|Senior Financial Analytics Consultant||Primatics Financial, LLC||McLean, VA||Feb 14, 2014||$88,460|
|Senior Financial Consultant||Dataclarity Corporation||Raleigh, NC||Aug 03, 2015||$86,000|
|SR. Oracle Financial Consultant||Savi Technologies, Inc.||Winston-Salem, NC||Apr 27, 2016||$85,000|
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