A financial analyst is an individual who has to analyze the past and present financial data of the organization he works for. He has to estimate future revenues and expenditures. Similarly, he is the one who has to predict the return on investment for different stocks and business ventures and write financial reports effectively. This individual is responsible for collecting industry research for decision-making.
Typically, you will find financial analysts working at banks, consulting firms, mutual funds, and corporations where they have to work together and generate wise investment strategies. The financial analyst also has to support overall financial growth and stability and even report to a supervisor or manager. Before entering this position, a financial analyst may require experience working in the finance or investment banking sector.
This article is all about explaining who a financial analyst is, what he does, the skills required, and other relevant details.
A financial analyst juggles multiple tasks at the same time and below we have listed some of the major key responsibilities.
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There are some skills that we believe can help financial analysts perform well at their job place. Below, we have narrowed down some of the most relevant hard and soft skills.
Even though a proper degree, skills, and enough experience can add value to one’s career and help him reach new heights of success. Yet there are other ways to help you make a good career in finance. This is by earning a certification. Below we have mentioned some certifications that can help you in this case.
Overall, the demand for financial analysts typically increases with the overall economic activity. Financial analysts play an important part in evaluating investment opportunities whenever new businesses are established. They also play an important part in expanding existing businesses. They are also required to help their employers make the best investing decisions. They usually do that by identifying trends in financial data that they extrapolate into making future business predictions.
Top companies like Amazon, JPMorgan Chase & Co, Wells Fargo, Bank of America, Lockheed Martin, Boeing, Goldman Sachs, and many others are actively hiring financial analysts to join the team.
Financial analysts can work in industries like investment banks, insurance, government, business, venture capital firms, and others.
Therefore, given the value of this role, a financial analyst is a great career option and compared to other high-paying careers, it is much less rigid and well-defined. Not just that, the overall job satisfaction for financial analysts is above average which gives individuals no reason to not pursue this career.
This section contains salary statistics of a financial analyst working in different major countries.
Country | Average Salary (Yearly) |
United States | $87,087 |
Canada | CA$74,013 |
United Kingdom | £46,924 |
India | ₹615,000 |
Australia | A$98,000 |
The average annual salary of a financial analyst working in the United States can expect to make an average annual salary of $87,087.
In Canada, financial analysts can expect to earn an average annual salary of CA$74,013.
If you are working in England as a financial analyst then your average annual salary should be around £46,924.
The average annual salary of a financial analyst working in India is around ₹615,000.
A financial analyst working in Australia generally makes an average annual salary of A$98,000.
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