.jpg)
Financial Analysts
conduct quantitative analyses of information affecting investment programs of public or private institutions.
Financial Analysts
Salary, Job Description, How To Become One, and More
Table of Contents
In this career summary, you will find out what the job of a Financial Analyst is about and what it is like.
After reading this, you will have a good idea on what the job is about and decide if this is the right career for you.
Job description
Financial Analysts conduct quantitative analyses of information affecting investment programs of public or private institutions.
Become one
Interested in becoming a Financial Analyst? Find the right schools that can help you to become one. This service is free thanks to our sponsors.
Improve Your
Test Score
Studying for a standardized test for your college admissions?
Improve your test scores on SAT, ACT, GRE, and GMAT.
Read moreSalary
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 states | Hourly | Annual |
|---|---|---|
| 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
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 |
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
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
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.
How we can help
Start your journey to be a Financial Analyst
Yes, I'm sure
coordinate and document internal regulatory processes, such as internal audits, inspections, license renewals, or registrations. May compile and prepare materials for submission to regulatory agencies. | Salary $72520 |
analyze financial information and prepare financial reports to determine or maintain record of assets, liabilities, profit and loss, tax liability, or other financial activities within an organization. | Salary $78820 |
conduct security assessments for organizations, and design security systems and processes. May specialize in areas such as physical security, personnel security, and information security. May work in fields such as health care, banking, gaming, security engineering, or manufacturing. | Salary $76960 |
research market conditions in local, regional, or national areas, or gather information to determine potential sales of a product or service, or create a marketing campaign. May gather information on competitors, prices, sales, and methods of marketing and distribution. | Salary $70960 |
analyze and coordinate the logistical functions of a firm or organization. Responsible for the entire life cycle of a product, including acquisition, distribution, internal allocation, delivery, and final disposal of resources. | Salary $78730 |
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
