What Do Financial Analysts Do: Job Description, Responsibilities and Duties

Stanley TanLeave a Comment



daily life of a Financial Analyst
are Financial Analysts happy with their job

Financial Analysts

Other names for this job might include Alternative Financing Specialist, Bank Analyst, Banking Analyst, Bond Analyst, Budget Analyst, Chartered Financial Analyst (CFA), Commodity Analyst, Corporate Financial Analyst, Corporate Securities Research Analyst, Corporate Statistical Financial Analyst


  • $95320
    Salary
  • 68%
    Job satisfaction
  • Quite Hard
    Becoming one
  • High
    Job growth
OwlGuru Rank

B+



Being A Financial Analyst: What You Really Do


In this job description guide, you will find out what do Financial Analysts do and what is their typical work day like.

After reading this, you will have a much better idea on whether you will like working as a Financial Analyst or not.



Job summary

Financial Analysts conduct quantitative analyses of information affecting investment programs of public or private institutions.

We asked Financial Analysts how satisfied they are with their job. Here is what they said.

Job satisfaction

68%

How meaningful is this job

39%


68% of them said they were satisfied with their job and 39% said they find that their job makes the world a better place or helps to make someone else’s life better.



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Typical day

On a daily basis, Financial Analysts Interpret data on price, yield, stability, future investment-risk trends, economic influences, and other factors affecting investment programs. They Recommend investments and investment timing to companies, investment firm staff, or the public.

1 of the main responsibilities as A Financial Analyst is to Prepare plans of action for investment, using financial analyses.

A typical day for A Financial Analyst look like this:

Assess risks to business operations.
Analyze business or financial data.
Recommend investments to clients.
Develop financial or business plans.

We asked some Financial Analysts a few questions to find out what else does their work day look like. Here is what we found.

Do you have telephone conversations everyday in this job?72% said yes
Do you have to use email everyday in this job?76% said yes
How important is it to work in a team in this job?24% said very important
Do you have group discussions everyday in this job?94% said yes
Do you have to meet strict deadlines everyday in this job?25% said yes
Do you talk or work with customers everyday in this job?9% said yes
Do you have to deal with angry customers everyday in this job?2% said yes
Do you have to make decisions everyday in this job?30% said yes



Other responsibilities

Besides the “typical day” things that Financial Analysts do, they Draw charts and graphs, using computer spreadsheets, to illustrate technical reports. They might also Inform investment decisions by analyzing financial information to forecast business, industry, or economic conditions.

On a weekly to monthly basis, Financial Analysts Monitor developments in the fields of industrial technology, business, finance, and economic theory. and Monitor fundamental economic, industrial, and corporate developments by analyzing information from financial publications and services, investment banking firms, government agencies, trade publications, company sources, or personal interviews.

In addition, they Determine the prices at which securities should be syndicated and offered to the public.

Although specific duties may vary, many of them Evaluate and compare the relative quality of various securities in a given industry.

To some Financial Analysts, it is also their responsibility to Present oral or written reports on general economic trends, individual corporations, and entire industries.

A typical week or month for them might include:

Create images of data, locations, or products.
Apply mathematical models of financial or business conditions.
Analyze business or financial data.
Analyze industry trends.
Analyze industry trends.
Determine the value of goods or services.



Working life

Working hours

More than 40 hours per week

Working schedule

Regular (Set schedule and routine)


In a typical work week as A Financial Analyst, you can expect to work More than 40 hours per week.

Do Financial Analysts work in an office-style work environment?

Everyday
93.27%

Once a week
0%

Once a month
0%

Once a year
0%

Never
6.73%

Do Financial Analysts work in a warehouse-style work environment?

Everyday
0%

Once a week
0%

Once a month
1.52%

Once a year
28.72%

Never
69.76%

Do Financial Analysts work outdoors?

Everyday
0%

Once a week
24.39%

Once a month
1.52%

Once a year
0.49%

Never
73.61%



Is this right for me

Best personality for this career

The Organizers and The Thinkers


You can read more about these career personality types here.

You will like this career if you are someone who likes following set procedures and routines. They like working with data and details more than with ideas.

You also like working with ideas, and require an extensive amount of thinking. They like searching for facts and figuring out problems mentally.



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Related to Financial Analysts Job Description

Financial Analysts job description, what do Financial Analysts do, typical day for Financial Analysts, what is it like to work as a Financial Analyst, how many hours do Financial Analysts work, day to day work of a Financial Analyst

Additional resources

http://www.bls.gov/OOH/business-and-financial/financial-analysts.htm
http://www.finra.org/
http://gafm.com/
https://www.cfainstitute.org/

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Financial Analysts
Written by: Stanley Tan
Financial Analysts conduct quantitative analyses of information affecting investment programs of public or private institutions.
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