dcsimg

Financial Analyst

Financial analysts, also known as securities analysts or investment analysts, work for banks, insurance companies, mutual and pension funds, securities firms, or other businesses gathering data, analyzing financial information, and making recommendations to either firms or the clients of firms. They read company financial statements and, using spreadsheet and statistical software packages, analyze commodity prices, sales, costs, expenses, and tax rates in order to determine a company's value or project future profits. They often study the entire industry in which they are employed. They prepare reports and make presentations to company officials on whether or not to buy a particular security or investment, or on the financial risks associates with making a particular investment decision. Those who work for investment banking departments of securities or banking firms often work in teams to analyze the prospects of companies going public for the first time. Others, called ratings analysts, evaluate the repayment ability of companies or governments that issue bonds.

Job Skills

Those job candidates seeking positions as financial analysts need to have excellent mathematical, computer, analytical, and problem-solving skills. Because their jobs require them to constantly explain complex financial concepts and strategies to clients and professionals, they must have highly-developed verbal and written communication skills. Other desirable qualities include self-confidence, maturity, and self-motivation.

Income

In 2002, financial analysts earned a median annual salary of $57,100. Earnings ranged from the lowest 10%, who earned less than $34,570, and the highest 10%, who earned more than $108,060. The following shows the median annual salaries for the industries employing the highest numbers of financial analysts:

  • Other financial investment activities - $74,860
  • Management of companies and enterprises - 60,670
  • Securities and commodity intermediation/brokerage - 58,540
  • Nondepository credit intermediation - 51,700
  • Depository credit intermediation - 51,570

Training and Education

A college education is required for those wishing to become financial analysts. Most employers prefer candidates who have at least a bachelor's degree in business administration, accounting, statistics, or finance. Knowledge of accounting policies and procedures, corporate budgeting, and financial analysis methods is recommended, while courses in statistics, economics, and business are prerequisites. A master's degree in business administration is highly recommended. Although not required, financial analysts may obtain professional certification by receiving the title Chartered Financial Analyst (CFA) from the Association of Investment Management and Research. Applicants for this designation must have a bachelor's degree, 3 years of experience, and must pass 3 examinations on topics such as accounting, economics, securities analysis, asset valuation, and portfolio management. Financial analysts may advance to portfolio manager or financial manager positions.

Employment

In 2002, financial analysts held about 179,000 jobs. Many worked at the headquarters of large financial companies. 19% worked for securities and commodity brokers, exchanges, and investment services firms. 17% worked for depository and nondepository institutions, including banks, savings institutions, and mortgage bankers and brokers.

Job Outlook

Between 2002 and 2012, the number of financial analysts is expected to increase faster than the average. This will be due to an increase in the need for investment advice among baby boomers saving for retirement and among a better educated and wealthier public. People are also living longer in general, and so must plan more comprehensively and carefully for retirement. In addition, the globalization of the securities markets and the deregulation of the financial services industry will increase demand for investment counseling.


Financial Analyst Training

Refine School Matches
Hide filters
  • SUBJECT Clear All

  • DEGREE

    See More

  • PROGRAM TYPE

  • START TIME

    LOCATION
    Please enter valid US or Canada Zip.
            Results open in new window

            Searching Searching ...

            Matching School Ads
            MSA: Financial Services
            • Liberty University’s online programs ranked in the top 10 out of more than 2,100 colleges & universities for academic quality, affordability, and accessibility.*
            • 100% online programs at associate, bachelor’s, master’s, and doctoral level.**
            • Transfer up to 90 credits into an undergraduate degree program.
            • Up to 50% of your master’s degree can be transferred in to help you get the most out of your hard work and maximize the credit you previously earned.
            Show more [+]
            • Accredited
            • Online Courses
            • Financial Aid
            • Transferable Credits
            Business Administration - Finance (BS) (Online)
            • Designated as a 2015 Military Friendly® School by Victory Media, publishers of G.I. Jobs®.
            • Each program is designed to instill the knowledge, ethical values, and interpersonal skills of professional practice and to foster values of social responsibility.
            • Offers several flexible learning options, including a blended format that combines campus and online learning.
            • Several scholarship opportunities are available for students who qualify.
            • Features a competency-based MBA program that allows students to test out of subjects based on prior professional experience.
            Show more [+]
            • Online Courses
            • Flexible Scheduling
            • Financial Aid
            • Transferable Credits
            Financial Management - PhD in Bus. Admin.
            • Ranked among the Best Online Bachelor's Programs in 2014 by U.S. News & World Report.
            • Implements a one-to-one teaching model, partnering one student with one faculty member in each course.
            • 100% of faculty members hold doctoral degrees.
            • No physical residency requirements, allowing students to pursue their degree online.
            • Committed to innovation, diversity, excellence, and accountability since its founding in 1996.
            • Offers several programs in business, education, psychology, and more.
            Show more [+]
            • Online Courses
            • Financial Aid
            • Transferable Credits
            MBA - Finance/Accounting
            • UC is committed to liberal education integrated with professional study
            • Accredited by the MSCHE with a beautiful campus located in Utica, New York
            • 21 graduate programs, 38 undergraduate majors & study abroad opportunities
            • More than 5,000 undergraduate and graduate students (full- and part-time)
            • Offers financial aid options to students who qualify for tuition assistance
            Show more [+]
            • Online Courses
            Master of Business Administration – Finance

            Founded in 1856, Seton Hall is one of the country’s leading Catholic universities. Rich in history, Seton Hall is also an institution on the rise. U.S. News ranks us among the top universities, and we have moved up 13 places in just five years. Our research grants have also soared by 75 percent in the last five years and 11 of our faculty have received Fulbright awards over the past 3 years.

             

            • Online Courses
            MS in Finance - H
            • Dedicated to the exceptional education of exemplary business leaders & citizens
            • Accredited by the Association to Advance Collegiate Schools of Business (AACSB)
            • 10+ business degree and certificate programs with online and on campus options
            • 4 campuses conveniently located between Baltimore, MD & Washington D.C
            • U.S. News & World Report ranked JHU #10 among U.S. colleges and universities
            Show more [+]
            • Online Courses
            Master of Science in Finance
            • A private Catholic & Jesuit institution delivering a transformative education
            • Scranton U has earned accreditation from 17 different accrediting agencies
            • Lovely 58 acre campus situated off Interstate 81 in PA’s Pocono Northeast region
            • 88% of  faculty hold doctoral or other terminal degrees in their fields
            • 2017-18 first-year students got $30 million + in financial aid & scholarships
            Show more [+]
            • Online Courses
            Certificate: Finance
            • Ranked among the Best Online Bachelor’s Programs by U.S. News and World Report in 2015.
            • Founded in 1890, it has a campus in Waterbury, CT and offers online degree program in eight-week modules, six times a year.
            • About 800 students are enrolled at the main campus, and about half of them commute.
            • Online courses help make it possible for students to earn a bachelor’s degree in as little as 24 months and a master’s degree in 12-18 months.
            Show more [+]
            • Online Courses
            • Flexible Scheduling
            • Accelerated Programs
            • Financial Aid
            • Transferable Credits
            Master of Business Administration - Finance

            Excel At a Top Research Institution

            Become a leader in your field at a university that is recognized for its leading research and  commitment to the development of students.

             

            • One of fewer than 3% of U.S. institutions with a Carnegie classification of very high research activity
            • Online Courses
            Business Management & Accounting (AAS)
            • Offers several scholarship opportunities for students who qualify.
            • Laptop computers are issued to each student at the beginning of their program.
            • Provides programs in health care, business, information technology, and graphic arts.
            • Respiratory Therapy program is accredited by the Commission on Accreditation for Respiratory Care (CoARC).
            • Accredited by the Accrediting Commission of Career Schools and Colleges (ACCSC).


            Show more [+]