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Financial Analysts

Financial analysts evaluate the economic performance and financial situation of companies and industries on behalf of companies and institutions which invest money. Financial analysts evaluate the feasibility of a deal and develop a plan of action based on financial analysis. Financial analysts make investment decisions or recommendations. They're also called investment analysts and securities analysts.

Financial analysts are employed by investment banks, pension funds, insurance companies, mutual funds, securities firms, the business media and other types of businesses. They often focus on a particular industry, product or region. In addition, a financial analyst must keep up-to-date with movements of the markets, news stories and industry profiles.

Financial analysts that are employed on the "buy side" work for institutional investors. They develop investment strategies for a company's portfolio. Financial analysts that are employed on the "sell side" assist security dealers at investment banks, securities firms and other businesses with selling their products.

Financial analysts fields of specialization:

  • Credit analysts
  • Ratings analysts
  • Budget analysts
  • Risk analysts
  • Money market analysts
  • Tax analysts
  • Investment analysts
  • Wall Street analysts
  • Security analysts
  • Mergers and acquisitions analysts

Responsibilities

  • Develop investment strategies for a company's portfolio
  • Analyze company financial statements
  • Stay current with new policies and regulations that might affect investments
  • Evaluate current trends in business practices, competition and products
  • Assess the ability to repay debts by governments and companies that issue bonds
  • Assist security dealers with selling their products
  • Create reports and make presentations
  • Observe the economy in order to determine its effect on earnings
  • Assist companies with creating their investment portfolio
  • Perform cost, budget and credit analysis

Job Characteristics

A financial analyst needs to have good analytical, math and problem solving skills. Good communication skills, being detail oriented and the ability to work independently are also important. They need to be able to interact well with clients. In addition, dealing with deadlines is often part of the job.

Financial analysts need a strong foundation in the economy, money markets and tax laws. They should also have good computer skills. The job sometimes involves traveling in order to visit potential investors or companies. They sometimes work more than 40 hours per week. They also spend a lot of time in meetings and telephone conversations.

Employment Outlook

The Bureau of Labor Statistics forecasts the employment of financial analysts will increase by 34% from 2006 to 2016 which is much faster than the average for all occupations. The major factors for the expected employment growth are the complexities of investments, the growth of the industry and the demand from mutual fund companies.

More than two out of five financial analysts are employed in the finance and insurance industries. Some work for the government and also throughout private industry.

In 2006 the median annual earnings, including bonuses, for financial analysts was $66,590. Bonuses can be a significant portion of their total earnings. Many companies offer lucrative bonuses in order to attract and keep important employees.

Financial analysts have opportunities to take positions as finance or portfolio managers, which manage the investments of a company or a customer. A qualified financial analyst can move up to a senior financial analyst position or an associate position. Some financial analysts start their own financial consulting firm. Some financial analysts become investment bankers, management consultants and financial consultants.

Education, Certification, and Licensing

Most employers require financial analysts to have at least a bachelor's degree in finance, economics, statistics, accounting or business administration. Courses in economics, statistics and business are typically required. Advanced courses in bond evaluation and options pricing are useful. Some employers prefer candidates that have a master's degree in finance or business administration.

Candidates should have knowledge of corporate budgeting, accounting policies and procedures, and financial analysis methods. A strong foundation in risk management is also useful.

The firms provide training. Financial analysts frequently attend seminars and training sessions in order to stay current with the latest developments.

The main licensing organization for the securities industry is the Financial Industry Regulatory Authority. Most of the licenses require sponsorship from an employer, thus companies don't expect workers to have licenses before they begin the job.

Resources

Major Employers

Most of the jobs are provided by investment banks, financial advising firms, mutual funds, investment funds, insurance companies and hedge funds.

Schools for Financial Analysts are listed in the Browse Schools Section.

Metro Areas Sorted by Total Employment for:
Financial Analysts

Listed below are metro areas sorted by the total number of people employed in Financial Analysts jobs , as of 2015

Source: 2015 Occupational Employment Statistics and 2014-24 Employment Projections, Bureau of Labor Statistics, BLS.gov.

     
Metro Area (Alabama) Total Employment Annual Median Salary
Birmingham 840 $72,140
Hoover 840 $72,140
Huntsville 260 $92,580
Montgomery 50 $92,670
Mobile N/A $70,920
     
Metro Area (Alaska) Total Employment Annual Median Salary
Anchorage 280 $91,780
     
Metro Area (Arizona) Total Employment Annual Median Salary
Tucson 640 $60,350
Scottsdale N/A $67,870
Mesa N/A $67,870
Phoenix N/A $67,870
     
Metro Area (Arkansas) Total Employment Annual Median Salary
Conway 550 $59,730
North Little Rock 550 $59,730
Little Rock 550 $59,730
     
Metro Area (California) Total Employment Annual Median Salary
Long Beach 11110 $86,640
Los Angeles 11110 $86,640
Anaheim 11110 $86,640
Hayward 10740 $109,770
San Francisco 10740 $109,770
Oakland 10740 $109,770
Santa Clara 4010 $107,410
San Jose 4010 $107,410
Sunnyvale 4010 $107,410
San Diego 2530 $84,680
Carlsbad 2530 $84,680
Arden 1300 $83,670
Arcade 1300 $83,670
Roseville 1300 $83,670
Sacramento 1300 $83,670
Riverside 740 $74,970
San Bernardino 740 $74,970
Ontario 740 $74,970
Thousand Oaks 470 $75,090
Oxnard 470 $75,090
Ventura 470 $75,090
Fresno 240 $86,100
Bakersfield 210 $88,170
Santa Rosa 180 $70,760
Santa Maria 140 $88,440
Santa Barbara 140 $88,440
Fairfield 120 $79,340
Vallejo 120 $79,340
Salinas 90 $78,630
Santa Cruz 90 $81,660
Watsonville 90 $81,660
Paso Robles 80 $133,660
San Luis Obispo 80 $133,660
Arroyo Grande 80 $133,660
Lodi 40 $82,420
Stockton 40 $82,420
Napa N/A $101,560
     
Metro Area (Colorado) Total Employment Annual Median Salary
Lakewood 3190 $75,820
Aurora 3190 $75,820
Denver 3190 $75,820
Boulder 250 $76,670
Colorado Springs 170 $88,290
Fort Collins 140 $66,500
     
Metro Area (Connecticut) Total Employment Annual Median Salary
Norwalk 3070 $83,060
Stamford 3070 $83,060
Bridgeport 3070 $83,060
Hartford 1810 $79,960
East Hartford 1810 $79,960
West Hartford 1810 $79,960
New Haven 450 $72,810
Danbury 110 $78,100
Waterbury 70 $78,100
     
Metro Area (Delaware) Total Employment Annual Median Salary
Dover 30 $72,910
     
Metro Area (Florida) Total Employment Annual Median Salary
Miami 3900 $72,870
West Palm Beach 3900 $72,870
Fort Lauderdale 3900 $72,870
Clearwater 2060 $69,860
St. Petersburg 2060 $69,860
Tampa 2060 $69,860
Orlando 1670 $66,890
Sanford 1670 $66,890
Kissimmee 1670 $66,890
Jacksonville 1420 $66,460
Tallahassee 210 $47,770
Palm Bay 210 $70,460
Titusville 210 $70,460
Melbourne 210 $70,460
Brent 160 $68,800
Pensacola 160 $68,800
Ferry Pass 160 $68,800
Fort Myers 150 $62,470
Cape Coral 150 $62,470
North Port 150 $72,740
Sarasota 150 $72,740
Bradenton 150 $72,740
Marco Island 120 $81,870
Naples 120 $81,870
Immokalee 120 $81,870
Winter Haven 70 $58,300
Lakeland 70 $58,300
Gainesville 70 $60,610
Crestview 70 $72,650
Destin 70 $72,650
Fort Walton Beach 70 $72,650
Port St. Lucie 60 $61,070
Ocala 30 $55,890
Ormond Beach 30 $59,450
Daytona Beach 30 $59,450
Deltona 30 $59,450
     
Metro Area (Georgia) Total Employment Annual Median Salary
Roswell 5630 $72,620
Atlanta 5630 $72,620
Sandy Springs 5630 $72,620
Savannah 90 $60,230
Gainesville 60 $65,600
Athens 30 $71,150
Clarke County 30 $71,150
Macon N/A $62,840
     
Metro Area (Hawaii) Total Employment Annual Median Salary
Urban Honolulu 250 $63,710
     
Metro Area (Idaho) Total Employment Annual Median Salary
Boise City 240 $73,690
Idaho Falls 40 $69,650
     
Metro Area (Illinois) Total Employment Annual Median Salary
Bloomington 660 $67,510
Peoria 170 $77,400
Rockford 130 $81,100
Urbana 110 $70,250
Champaign 110 $70,250
Springfield 90 $65,360
     
Metro Area (Indiana) Total Employment Annual Median Salary
Carmel 1140 $66,280
Anderson 1140 $66,280
Indianapolis 1140 $66,280
Fort Wayne 190 $60,920
Goshen 120 $78,480
Elkhart 120 $78,480
Terre Haute 40 $49,090
Muncie 40 $63,620
     
Metro Area (Iowa) Total Employment Annual Median Salary
Des Moines 1160 N/A
West Des Moines 1160 N/A
Cedar Rapids 270 $71,770
Iowa City 110 $71,540
Waterloo 50 $71,230
Cedar Falls 50 $71,230
Dubuque 40 $69,340
     
Metro Area (Kansas) Total Employment Annual Median Salary
Wichita 230 $73,860
Topeka 100 $63,790
     
Metro Area (Kentucky) Total Employment Annual Median Salary
Fayette 220 $57,440
Lexington 220 $57,440
Bowling Green 40 $64,630
     
Metro Area (Louisiana) Total Employment Annual Median Salary
New Orleans 360 $67,990
Metairie 360 $67,990
Baton Rouge 180 N/A
Lafayette 40 $62,100
Monroe 30 $46,750
     
Metro Area (Maine) Total Employment Annual Median Salary
South Portland 210 $65,760
Portland 210 $65,760
     
Metro Area (Maryland) Total Employment Annual Median Salary
Baltimore 3440 $77,860
Towson 3440 $77,860
Columbia 3440 $77,860
Lexington Park 130 $77,210
California 130 $77,210
     
Metro Area (Massachusetts) Total Employment Annual Median Salary
Barnstable Town 50 $73,360
New Bedford 30 N/A
     
Metro Area (Michigan) Total Employment Annual Median Salary
Dearborn 3870 $80,780
Detroit 3870 $80,780
Warren 3870 $80,780
Grand Rapids 460 $70,880
Wyoming 460 $70,880
Lansing 390 $67,890
East Lansing 390 $67,890
Ann Arbor 250 $63,180
Niles 140 $69,760
Benton Harbor 140 $69,760
Flint 130 $80,150
Portage 90 $59,620
Kalamazoo 90 $59,620
Jackson 60 $75,010
Saginaw 50 $59,340
Midland 40 $71,630
Monroe 30 $87,560
     
Metro Area (Minnesota) Total Employment Annual Median Salary
Rochester 220 $74,680
St. Cloud 50 $71,650
     
Metro Area (Mississippi) Total Employment Annual Median Salary
Jackson 210 $66,070
Pascagoula 180 $58,570
Biloxi 180 $58,570
Gulfport 180 $58,570
     
Metro Area (Missouri) Total Employment Annual Median Salary
Springfield 100 $49,080
Joplin 60 N/A
Jefferson City 60 $42,820
Columbia N/A $51,390
     
Metro Area (Montana) Total Employment Annual Median Salary
Billings 50 $85,490
     
Metro Area (Nebraska) Total Employment Annual Median Salary
Lincoln 210 $67,820
     
Metro Area (Nevada) Total Employment Annual Median Salary
Paradise 620 $69,280
Henderson 620 $69,280
Las Vegas 620 $69,280
Reno 70 $60,970
     
Metro Area (New Hampshire) Total Employment Annual Median Salary
Manchester 50 $70,740
     
Metro Area (New Jersey) Total Employment Annual Median Salary
Atlantic City 100 $76,070
Hammonton 100 $76,070
Trenton N/A $74,940
     
Metro Area (New Mexico) Total Employment Annual Median Salary
Albuquerque 390 $75,530
Santa Fe 90 $66,130
Las Cruces 40 $62,380
     
Metro Area (New York) Total Employment Annual Median Salary
Rochester 930 $73,080
Niagara Falls 880 $66,210
Buffalo 880 $66,210
Cheektowaga 880 $66,210
Schenectady 680 $68,920
Troy 680 $68,920
Albany 680 $68,920
Syracuse 360 $77,230
Rome 140 $62,740
Utica 140 $62,740
Binghamton 120 $79,370
Ithaca 50 $80,460
     
Metro Area (North Carolina) Total Employment Annual Median Salary
Durham 1000 $73,330
Chapel Hill 1000 $73,330
Raleigh 810 $77,430
Winston 530 $76,440
Salem 530 $76,440
High Point 370 $71,400
Greensboro 370 $71,400
Wilmington 70 $83,440
Morganton 60 $73,260
Hickory 60 $73,260
Lenoir 60 $73,260
Greenville 50 $68,450
Asheville 40 $84,500
Fayetteville 30 $60,740
New Bern N/A $62,520
     
Metro Area (North Dakota) Total Employment Annual Median Salary
Bismarck 70 $71,780
     
Metro Area (Ohio) Total Employment Annual Median Salary
Columbus 3190 $66,720
Cleveland 1880 $72,490
Elyria 1880 $72,490
Dayton 390 $69,600
Akron 340 $70,020
Toledo 150 $62,780
Canton 40 $61,200
Massillon 40 $61,200
Lima N/A $84,780
     
Metro Area (Oklahoma) Total Employment Annual Median Salary
Oklahoma City 570 $62,100
Tulsa 540 $74,050
     
Metro Area (Oregon) Total Employment Annual Median Salary
Eugene 120 $73,940
Salem 40 $89,070
Medford 30 N/A
     
Metro Area (Pennsylvania) Total Employment Annual Median Salary
Pittsburgh 2450 $71,550
Harrisburg 750 $66,550
Carlisle 750 $66,550
Wilkes 270 $57,250
Barre 270 $57,250
Hazleton 270 $57,250
Scranton 270 $57,250
Lancaster 250 $70,400
Reading 200 $62,590
Hanover 190 $55,890
York 190 $55,890
Johnstown 60 $71,690
Erie 50 $67,650
State College 40 $77,270
     
Metro Area (Puerto Rico) Total Employment Annual Median Salary
Caguas 950 $55,440
Carolina 950 $55,440
San Juan 950 $55,440
Isabela 150 $45,380
Aguadilla 150 $45,380
     
Metro Area (South Carolina) Total Employment Annual Median Salary
Columbia 560 $59,190
Anderson 350 $66,660
Mauldin 350 $66,660
Greenville 350 $66,660
North Charleston 290 $60,760
Charleston 290 $60,760
Spartanburg 90 $66,260
Florence 60 $46,010
     
Metro Area (South Dakota) Total Employment Annual Median Salary
Sioux Falls 400 $68,270
Rapid City 30 $61,570
     
Metro Area (Tennessee) Total Employment Annual Median Salary
Murfreesboro 1660 $70,910
Franklin 1660 $70,910
Davidson 1660 $70,910
Nashville 1660 $70,910
Knoxville 320 $61,440
Johnson City 50 $49,480
     
Metro Area (Texas) Total Employment Annual Median Salary
Fort Worth 8850 $78,940
Dallas 8850 $78,940
Arlington 8850 $78,940
The Woodlands 6680 $84,740
Sugar Land 6680 $84,740
Houston 6680 $84,740
Austin 3040 $82,620
Round Rock 3040 $82,620
New Braunfels 1990 $76,920
San Antonio 1990 $76,920
El Paso 260 $48,820
Midland 140 $53,960
Lubbock 100 $64,900
Amarillo 90 N/A
Tyler 90 $63,580
Port Arthur 80 $70,280
Beaumont 80 $70,280
Waco 70 N/A
Mission 70 $56,780
McAllen 70 $56,780
Edinburg 70 $56,780
Killeen 70 $63,970
Temple 70 $63,970
Bryan 30 $80,900
College Station 30 $80,900
Wichita Falls 30 $93,390
Abilene N/A $57,590
     
Metro Area (Utah) Total Employment Annual Median Salary
Salt Lake City 1320 $74,110
Orem 230 $68,750
Provo 230 $68,750
Clearfield 90 $80,240
Ogden 90 $80,240
     
Metro Area (Vermont) Total Employment Annual Median Salary
South Burlington 140 $74,770
Burlington 140 $74,770
     
Metro Area (Virginia) Total Employment Annual Median Salary
Richmond 1020 $82,980
Charlottesville 160 $80,850
Roanoke 130 $61,240
Lynchburg 40 $71,770
     
Metro Area (Washington) Total Employment Annual Median Salary
Bellevue 3260 $78,470
Tacoma 3260 $78,470
Seattle 3260 $78,470
Olympia 810 $49,970
Tumwater 810 $49,970
Spokane 250 $65,880
Spokane Valley 250 $65,880
Richland 90 $57,330
Kennewick 90 $57,330
Bellingham 50 $76,970
Yakima 40 $57,950
     
Metro Area (West Virginia) Total Employment Annual Median Salary
Charleston 100 $48,420
Morgantown 50 $56,060
Parkersburg 40 $43,180
Vienna 40 $43,180
     
Metro Area (Wisconsin) Total Employment Annual Median Salary
Waukesha 2340 $73,920
West Allis 2340 $73,920
Milwaukee 2340 $73,920
Madison 770 $74,570
Green Bay 280 $59,700
Appleton 160 $58,600
Neenah 150 $63,610
Oshkosh 150 $63,610
Racine 70 $70,030
Wausau 50 $65,580
Sheboygan 50 $69,220
Beloit 50 $69,260
Janesville 50 $69,260
Eau Claire 30 $66,540
Fond du Lac N/A $62,310

Career Stories (Job Profiles) for Financial Analysts

To find out more about building a career as Financial Analysts, we spoke with professionals in the field across a variety of specialties. Learn about their experiences on the job, the steps they took to complete their education, and what it takes to excel in this industry. Click the link to see a story.

All Types

Most Popular Industries for :
Financial Analysts

Industries representing at least 1% of total jobs for the occupation.

Source: 2015 Occupational Employment Statistics and 2014-24 Employment Projections, Bureau of Labor Statistics, BLS.gov.

Industry Jobs Percent Annual Median Salary
Securities And Investment 63,610 27% $86,630
Business Management 28,930 12% $73,170
Banking And Credit 27,500 11% $67,690
Professional And Technical Services 25,860 11% $72,490
Insurance 16,220 6% $66,760
Pension And Trusts 8,140 3% $68,000
Electronics And Computer 8,070 3% $76,530
Office Services And Staffing 6,510 2% $71,180
Telecommunications 5,370 2% $69,220
Government 4,510 1% $61,120
Real Estate 4,320 1% $68,220
Hospital 3,970 1% $62,420
Automotive And Vehicle Manufacturing 2,840 1% $70,320
Education 2,720 1% $62,520
Durable Goods Wholesale 2,570 1% $74,010
Traditional Publishing 2,500 1% $75,810
Oil And Gas 2,340 1% $73,580
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CityTownInfo Career and College Resources

We have some additional detailed pages at the state level for Financial Analysts.

Numbers in parentheses are counts of relevant campus-based schools in the state; online schools may also be available.

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