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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 2016

2016 Occupational Employment Statistics and 2014-24 Employment Projections, Bureau of Labor Statistics, BLS.gov; 2014-24 State Occupational Projections, Projections Central, projectionscentral.com

     
Metro Area (Alabama) Total Employment Annual Median Salary
Birmingham 960 $69,500
Hoover 960 $69,500
Huntsville 240 $90,810
Mobile 60 $78,850
Montgomery 40 $99,530
     
Metro Area (Alaska) Total Employment Annual Median Salary
Anchorage 280 $85,130
     
Metro Area (Arizona) Total Employment Annual Median Salary
Tucson 600 $70,310
Flagstaff 40 $64,380
Yuma N/A $56,130
Mesa N/A $70,000
Phoenix N/A $70,000
Scottsdale N/A $70,000
     
Metro Area (Arkansas) Total Employment Annual Median Salary
Conway 590 $62,840
North Little Rock 590 $62,840
Little Rock 590 $62,840
     
Metro Area (California) Total Employment Annual Median Salary
Anaheim 11820 $86,830
Long Beach 11820 $86,830
Los Angeles 11820 $86,830
Hayward 10570 $107,740
Oakland 10570 $107,740
San Francisco 10570 $107,740
San Jose 4330 $109,030
Santa Clara 4330 $109,030
Sunnyvale 4330 $109,030
San Diego 2650 $88,890
Carlsbad 2650 $88,890
Roseville 1340 $87,600
Arcade 1340 $87,600
Sacramento 1340 $87,600
Arden 1340 $87,600
Riverside 710 $74,080
Ontario 710 $74,080
San Bernardino 710 $74,080
Oxnard 400 $79,730
Thousand Oaks 400 $79,730
Ventura 400 $79,730
Bakersfield 250 $88,010
Santa Barbara 220 $86,550
Santa Maria 220 $86,550
Santa Rosa 190 $70,930
Fresno 130 $74,320
Salinas 100 $73,970
Santa Cruz 100 $83,340
Watsonville 100 $83,340
Fairfield 100 $83,530
Vallejo 100 $83,530
Arroyo Grande 90 $133,970
Paso Robles 90 $133,970
San Luis Obispo 90 $133,970
Stockton 70 $72,810
Lodi 70 $72,810
Modesto 50 $80,610
Chico 40 $70,040
Napa N/A $97,860
     
Metro Area (Colorado) Total Employment Annual Median Salary
Lakewood 2740 $85,270
Denver 2740 $85,270
Aurora 2740 $85,270
Boulder 270 N/A
Fort Collins 200 $64,550
Colorado Springs 190 $85,980
Greeley 40 $85,060
     
Metro Area (Connecticut) Total Employment Annual Median Salary
Bridgeport 2990 $96,040
Norwalk 2990 $96,040
Stamford 2990 $96,040
East Hartford 1940 $81,820
West Hartford 1940 $81,820
Hartford 1940 $81,820
New Haven 510 $74,590
Danbury 110 $84,660
Waterbury 50 $82,600
     
Metro Area (Delaware) Total Employment Annual Median Salary
Dover 50 $73,180
     
Metro Area (Florida) Total Employment Annual Median Salary
West Palm Beach 3660 $74,550
Fort Lauderdale 3660 $74,550
Miami 3660 $74,550
Tampa 1990 $66,280
St. Petersburg 1990 $66,280
Clearwater 1990 $66,280
Orlando 1880 $70,460
Kissimmee 1880 $70,460
Sanford 1880 $70,460
Jacksonville 1600 $68,080
Tallahassee 320 $45,460
Palm Bay 210 $78,520
Titusville 210 $78,520
Melbourne 210 $78,520
Pensacola 190 $64,860
Ferry Pass 190 $64,860
Brent 190 $64,860
Cape Coral 160 $59,060
Fort Myers 160 $59,060
Marco Island 140 $65,840
Immokalee 140 $65,840
Naples 140 $65,840
Winter Haven 140 $75,800
Lakeland 140 $75,800
Bradenton 100 $62,640
North Port 100 $62,640
Sarasota 100 $62,640
Port St. Lucie 70 $56,540
Deltona 60 $56,260
Daytona Beach 60 $56,260
Ormond Beach 60 $56,260
Gainesville 60 $63,930
Crestview 60 $65,550
Fort Walton Beach 60 $65,550
Destin 60 $65,550
Ocala 50 $61,940
     
Metro Area (Georgia) Total Employment Annual Median Salary
Sandy Springs 5800 $74,610
Atlanta 5800 $74,610
Roswell 5800 $74,610
Savannah 180 $56,310
Macon 150 $60,380
Gainesville 40 $63,640
Clarke County 40 $68,010
Athens 40 $68,010
Warner Robins 40 $88,400
     
Metro Area (Hawaii) Total Employment Annual Median Salary
Urban Honolulu 360 $69,020
     
Metro Area (Idaho) Total Employment Annual Median Salary
Boise City 250 $72,060
Idaho Falls 40 $74,090
     
Metro Area (Illinois) Total Employment Annual Median Salary
Bloomington 690 $66,830
Peoria 190 $80,070
Rockford 150 $79,490
Urbana 110 $76,680
Champaign 110 $76,680
Springfield 100 $58,470
     
Metro Area (Indiana) Total Employment Annual Median Salary
Anderson 1310 $69,070
Carmel 1310 $69,070
Indianapolis 1310 $69,070
Fort Wayne 210 $62,930
Terre Haute 50 $55,140
Muncie 40 $61,720
Bloomington 30 $66,520
Goshen N/A $78,160
Elkhart N/A $78,160
     
Metro Area (Iowa) Total Employment Annual Median Salary
Des Moines 1130 $70,670
West Des Moines 1130 $70,670
Cedar Rapids 260 $74,460
Iowa City 100 $72,740
Waterloo 60 $71,440
Cedar Falls 60 $71,440
Dubuque 50 $81,820
     
Metro Area (Kansas) Total Employment Annual Median Salary
Wichita 210 $75,400
Topeka 120 $63,560
     
Metro Area (Kentucky) Total Employment Annual Median Salary
Fayette 140 $60,830
Lexington 140 $60,830
     
Metro Area (Louisiana) Total Employment Annual Median Salary
Metairie 430 $71,640
New Orleans 430 $71,640
Baton Rouge 180 N/A
Lafayette 80 $66,140
Bossier City 40 N/A
Shreveport 40 N/A
     
Metro Area (Maine) Total Employment Annual Median Salary
South Portland 250 $72,690
Portland 250 $72,690
     
Metro Area (Maryland) Total Employment Annual Median Salary
Baltimore 3160 $77,370
Towson 3160 $77,370
Columbia 3160 $77,370
Lexington Park 100 $75,880
California 100 $75,880
     
Metro Area (Massachusetts) Total Employment Annual Median Salary
Barnstable Town 60 $79,180
Pittsfield 50 $82,380
New Bedford 40 N/A
     
Metro Area (Michigan) Total Employment Annual Median Salary
Detroit 3750 $80,670
Dearborn 3750 $80,670
Warren 3750 $80,670
Grand Rapids 510 $70,290
Wyoming 510 $70,290
Ann Arbor 350 $65,100
Lansing 290 $64,480
East Lansing 290 $64,480
Flint 150 N/A
Niles 130 $74,180
Benton Harbor 130 $74,180
Portage 110 $62,890
Kalamazoo 110 $62,890
Jackson 110 $89,480
Monroe 40 $85,240
Saginaw 30 $60,690
     
Metro Area (Minnesota) Total Employment Annual Median Salary
Rochester 230 $77,650
St. Cloud 80 $71,880
     
Metro Area (Mississippi) Total Employment Annual Median Salary
Jackson 230 $68,950
Pascagoula 90 $68,130
Biloxi 90 $68,130
Gulfport 90 $68,130
Hattiesburg 30 $57,870
     
Metro Area (Missouri) Total Employment Annual Median Salary
Springfield 90 $59,460
Jefferson City 70 $43,480
Columbia 50 $58,440
Joplin N/A $66,500
     
Metro Area (Montana) Total Employment Annual Median Salary
Billings 50 $89,290
     
Metro Area (Nebraska) Total Employment Annual Median Salary
Lincoln 150 $64,210
     
Metro Area (Nevada) Total Employment Annual Median Salary
Paradise 580 $68,220
Henderson 580 $68,220
Las Vegas 580 $68,220
Reno 170 $60,680
     
Metro Area (New Hampshire) Total Employment Annual Median Salary
Manchester 100 $96,850
     
Metro Area (New Jersey) Total Employment Annual Median Salary
Atlantic City 100 $66,960
Hammonton 100 $66,960
Trenton N/A $77,390
     
Metro Area (New Mexico) Total Employment Annual Median Salary
Albuquerque 340 $76,350
Santa Fe 80 $69,300
Las Cruces 50 $66,860
     
Metro Area (New York) Total Employment Annual Median Salary
Niagara Falls 960 $69,410
Buffalo 960 $69,410
Cheektowaga 960 $69,410
Rochester 930 $73,500
Albany 800 $68,740
Schenectady 800 $68,740
Troy 800 $68,740
Syracuse 340 $77,810
Rome 190 $63,840
Utica 190 $63,840
Binghamton 140 $67,080
Ithaca 50 $81,800
     
Metro Area (North Carolina) Total Employment Annual Median Salary
Raleigh 990 $76,810
Chapel Hill 890 $75,240
Durham 890 $75,240
Greensboro 430 $74,790
High Point 430 $74,790
Salem 410 $78,380
Winston 410 $78,380
Wilmington 160 $62,700
Asheville 70 $77,930
Greenville 50 $72,640
Fayetteville 30 $64,010
Hickory 30 $70,140
Lenoir 30 $70,140
Morganton 30 $70,140
New Bern N/A $59,770
     
Metro Area (North Dakota) Total Employment Annual Median Salary
Bismarck 80 $61,500
     
Metro Area (Ohio) Total Employment Annual Median Salary
Columbus 2950 $66,670
Cleveland 2050 $71,220
Elyria 2050 $71,220
Dayton 410 $68,900
Akron 320 $69,470
Toledo 140 $60,110
Canton 40 $64,860
Massillon 40 $64,860
Lima N/A $90,430
     
Metro Area (Oklahoma) Total Employment Annual Median Salary
Oklahoma City 720 $60,970
Tulsa 590 $69,840
     
Metro Area (Oregon) Total Employment Annual Median Salary
Eugene 80 $74,860
Salem 50 $104,590
Medford 30 N/A
     
Metro Area (Pennsylvania) Total Employment Annual Median Salary
Pittsburgh 2430 $77,490
Harrisburg 640 $71,310
Carlisle 640 $71,310
Reading 220 $64,500
Barre 210 $57,710
Hazleton 210 $57,710
Scranton 210 $57,710
Wilkes 210 $57,710
Lancaster 200 $71,850
Hanover 190 $57,720
York 190 $57,720
Erie 70 $65,800
Johnstown 50 $66,120
State College 40 $75,890
     
Metro Area (Puerto Rico) Total Employment Annual Median Salary
Caguas 1060 $51,310
Carolina 1060 $51,310
San Juan 1060 $51,310
Aguadilla 120 $51,250
Isabela 120 $51,250
Ponce 50 $48,430
     
Metro Area (South Carolina) Total Employment Annual Median Salary
Columbia 360 $57,050
Mauldin 360 $67,700
Greenville 360 $67,700
Anderson 360 $67,700
Charleston 350 $63,730
North Charleston 350 $63,730
Spartanburg 90 $67,480
Florence 60 $58,570
Beaufort 40 $57,310
Hilton Head Island 40 $57,310
Bluffton 40 $57,310
Sumter N/A $64,670
     
Metro Area (South Dakota) Total Employment Annual Median Salary
Sioux Falls 370 $67,740
Rapid City 30 $66,310
     
Metro Area (Tennessee) Total Employment Annual Median Salary
Franklin 1730 $68,690
Murfreesboro 1730 $68,690
Davidson 1730 $68,690
Nashville 1730 $68,690
Knoxville 470 $60,030
Johnson City 50 $49,120
Jackson 40 $62,510
     
Metro Area (Texas) Total Employment Annual Median Salary
Dallas 8670 $80,900
Fort Worth 8670 $80,900
Arlington 8670 $80,900
Houston 8040 $80,470
The Woodlands 8040 $80,470
Sugar Land 8040 $80,470
Round Rock 2720 $82,060
Austin 2720 $82,060
San Antonio 1950 $77,030
New Braunfels 1950 $77,030
El Paso 280 $54,440
Midland 230 $60,990
Beaumont 170 $75,270
Port Arthur 170 $75,270
Lubbock 90 $75,640
Killeen 80 $60,050
Temple 80 $60,050
Waco 70 N/A
Mission 70 $64,950
Edinburg 70 $64,950
McAllen 70 $64,950
Bryan 40 $70,300
College Station 40 $70,300
Longview 40 $71,200
San Angelo 30 $66,590
Wichita Falls 30 $85,930
Corpus Christi N/A $72,420
     
Metro Area (Utah) Total Employment Annual Median Salary
Salt Lake City 1720 $75,720
Orem 290 $65,560
Provo 290 $65,560
Clearfield 80 $72,990
Ogden 80 $72,990
     
Metro Area (Vermont) Total Employment Annual Median Salary
South Burlington 90 N/A
Burlington 90 N/A
     
Metro Area (Virginia) Total Employment Annual Median Salary
Richmond 1180 $82,220
Charlottesville 150 N/A
Roanoke 150 $62,270
Lynchburg 70 $71,950
     
Metro Area (Washington) Total Employment Annual Median Salary
Seattle 4040 $85,110
Tacoma 4040 $85,110
Bellevue 4040 $85,110
Olympia 790 $49,850
Tumwater 790 $49,850
Spokane 260 $65,270
Spokane Valley 260 $65,270
Walla Walla 100 $50,960
Richland 90 $61,490
Kennewick 90 $61,490
Bellingham 60 $73,870
Silverdale 40 N/A
Bremerton 40 N/A
Yakima 40 $63,830
     
Metro Area (West Virginia) Total Employment Annual Median Salary
Charleston 80 $55,170
Morgantown 40 $66,230
     
Metro Area (Wisconsin) Total Employment Annual Median Salary
West Allis 2280 $73,140
Waukesha 2280 $73,140
Milwaukee 2280 $73,140
Madison 820 $79,110
Green Bay 260 $52,670
Appleton 240 $61,740
Neenah 130 $64,990
Oshkosh 130 $64,990
Beloit 50 $66,440
Janesville 50 $66,440
Wausau 40 $64,160
Eau Claire 40 $65,600
Racine N/A $61,200

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.

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Most Popular Industries for :
Financial Analysts

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

2016 Occupational Employment Statistics and 2014-24 Employment Projections, Bureau of Labor Statistics, BLS.gov; 2014-24 State Occupational Projections, Projections Central, projectionscentral.com

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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  • Regionally accredited by the Western Association of Schools and Colleges (WASC).
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  • Business Management & Accounting (AAS)
  • Accounting (BS)
  • Students are issued a new laptop at the beginning of their programs.
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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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