Financial Analysts: Salary, Job Description, How To Become One, and Quiz

Stan T.Career, OverviewLeave a Comment

Job description

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

  • Inform investment decisions by analyzing financial information to forecast business, industry, or economic conditions.
  • Prepare plans of action for investment, using financial analyses.
  • Evaluate and compare the relative quality of various securities in a given industry.
  • Recommend investments and investment timing to companies, investment firm staff, or the public.
Read more about what does a Financial Analyst really do at work and what is it like being and working as one.



Featured Schools

Salary

Average salary
$100990 per year

Average hourly wage
$49 per hour


Financial Analysts with little to no experience tend to make between $52540 and $65350 while the more experienced ones can earn over $116360 per year.

Top 5 paying statesHourlyAnnual
WY$67$139,660
NY$66$137,270
CA$53$109,640
CO$52$109,120
NJ$51$106,100

One of the easiest ways to increase your salary as a Financial Analyst is to move to a higher paying state like WY. Right now, the highest paying states for Financial Analysts are WY, NY, CA, CO and NJ.

However, a higher pay at WY doesn’t guarantee that you will make more because the living expenses at WY might be twice as high than where you are currently at now.

Three other factors that can increase your salary as a Financial Analyst is the degree you hold, the industry you work in, and lastly the company you work for.


Requirements

Recommended degree level
Bachelor’s Degree

We asked other Financial Analysts what degree they had when they got the job and most of them said they had a Bachelor’s Degree followed by a Master’s Degree.

Other than that, we also asked them what did they major in and here are the most popular majors that came up.

Financial Mathematics
Accounting and Finance
Accounting and Business/Management
Finance, General
International Finance
Read more about how to become a Financial Analyst and the degree, training and education you need.

Pros and Cons

Here are some of the pros and cons of being a Financial Analyst.

PROS
Suitable for people who likes to follow routines
Suitable for people who values achievements and are results-oriented
This career is perfect for people who love to work indoors.
Very high salary (top 25% highest paid careers)
CONS
Not suitable for people who likes to help and teach others
It is hard to get into this career. A considerable amount of work-related skill, knowledge, or experience is required for this career.
Long working hours (More than 40 hours per week)

What is the job like

Job satisfaction
68%

Is this job meaningful
39%


68% of Financial Analysts said they were satisfied with their job and 39% said they feel like their job is making other people’s lives better.


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.

People who are suitable for this job tends to like following set procedures and routines. They like working with data and details more than with ideas..

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



Learn more about Financial Analysts

Summary (You are here)
Job Description
Salary
Requirements
Is This Right For Me

Find a college with the major you want


Related career information

Financial Analysts job description, Financial Analysts salary, Financial Analysts information, what is the job of a Financial Analyst like, pros and cons about Financial Analysts, colleges and universities for Financial Analysts, is Financial Analysts the right career for me, careers in Business and Finance

Similar careers

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

Additional resources



Leave a Reply

Your email address will not be published. Required fields are marked *