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

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Financial Analysts career information
pros and cons of being a Financial Analyst

Financial Analysts

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

$100990
Salary
68%
Job Satisfaction
Hard
Becoming One
High
Job Growth
Suitable Personality

Financial Analysts

Salary, Job Description, How To Become One, and More


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.


    Read more about what does a Financial Analyst really do at work and what is it like being and working as one.




    Become one

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    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.



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    Related career information

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