Top 10 Jobs for Finance Analyst: Your Ultimate Career Guide
Are you a finance enthusiast searching for the perfect career path? Look no further! As a finance analyst, your financial analysis and forecasting skills can lead you down various exciting job opportunities. From investment banking to corporate finance, we’ve compiled our top 10 jobs for financial analysts to give you the ultimate guide to your dream career. Whether you’re just starting or looking to switch careers, read on to discover which roles are ideal for your skillset and interests.
The finance analyst job market
If you’re looking to enter the finance analyst job market, you’ll be pleased to know these professionals are in high demand. In fact, according to the latest data from the Bureau of Labor Statistics, employment of financial analysts is expected to grow 11 per cent from 2016 to 2026 – faster than the average for all occupations.
What’s more, as organizations increasingly rely on data and analytics to make strategic decisions, finance analysts with strong quantitative and analytical skills will be in especially high demand.
So, if you’re interested in a career in finance, now is a great time to start pursuing your goals. In this ultimate guide, we’ll walk you through everything you need to know about finance analyst jobs, including what these professionals do on a day-to-day basis, what skills and education you’ll need to succeed in this field, and what kind of salary and job outlook you can expect.
The top 10 jobs for finance analysts
The finance analyst role is critical for organizations in various industries. They provide analysis and insights to help management make informed decisions about where to allocate resources and how to grow the business.
In this career guide, we will explore the top 10 jobs for financial analysts. We will discuss the job outlook for financial analysts, what skills are needed to be successful in this career, and how to advance your career as a finance analyst.
If you are interested in a career in finance, then this guide is for you!
How to get started in a financial analyst career
A finance analyst career is a great choice for those with a head for numbers and a knack for financial analysis. The job market for financial analysts is expected to grow by 11 per cent from 2016 to 2026, according to the Bureau of Labor Statistics (BLS).
Getting started in a financial analyst career typically requires at least a bachelor’s degree in finance, accounting, economics, or business administration. Many employers also prefer candidates with experience in financial analysis and strong communication skills.
Once you have the necessary education and experience, you can start a finance analyst career in several ways. One option is to find an entry-level position with a financial institution or accounting firm. Alternatively, you can pursue a more specialized role by getting an MBA or master’s degree in finance. Or, if you have significant experience working in finance, you could become a certified public accountant (CPA) or chartered financial analyst (CFA).
No matter your route, remember that hard work and dedication are essential to success as a finance analyst. You can build a successful career in this exciting field with the right qualifications and effort.
What training and education do you need to be a financial analyst?
To become a financial analyst, you will need at least a bachelor’s degree in accounting, finance, or business. Many employers also prefer candidates who have earned their Certified Public Accountant (CPA) or Chartered Financial Analyst (CFA) designation.
Most finance analysts begin their careers in entry-level positions and are promoted to senior positions as they gain experience and knowledge. Many employers offer on-the-job training for financial analyst positions.
What are the skills required to be a financial analyst?
To be a financial analyst, it is important to have strong analytical skills. You must understand and analyze financial statements to make recommendations to clients or management. Additionally, you must be able to use spreadsheets and other financial software programs to create models and projections. Strong communication skills are also essential, as you will need to be able to explain your findings and recommendations to those who may not have a background in finance. Finally, it is important to be detail-oriented and organized, as financial analysts often work with large amounts of data.
What are finance analysts’ earnings potential and job outlook?
Finance analysts’ earnings potential and the job outlook is extremely positive. The Bureau of Labor Statistics projects that the employment of financial analysts will grow by 11 per cent from 2018 to 2028—faster than the average for all occupations. This growth is largely due to increased demand for detailed financial analysis in both the public and private sectors.
As for earnings, the median annual wage for financial analysts was $85,660 in May 2018. However, top earners in the field bring in much more than that. The highest 10 per cent of earners made more than $159,490 annually! So if you’re looking to make a good living as a finance analyst, you certainly can. Just be prepared to put in long hours and work hard to get there.