Salary of Financial Analyst Overview

What is A financial analyst?

Financial analysts keep their fingers on the pulse of the economy. They help their clients by advising when to buy and sell investments and by staying abreast of economic trends, business news and company strategy. They also write reports explaining their analyses, share their expertise with non-financial colleagues, and sometimes share their views with the public and financial media.

Many work for financial companies, including financial services firms and the insurance industry. Financial analysts pay for their influence and considerable salaries with long hours: one in three put in between 50 and 70 hours a week.

Competition for these jobs is fierce, especially among analysts new to the field.

The Bureau of Labor Statistics projects employment growth of 9.3 percent for financial analysts between 2021 and 2031. During this period, about 77,200 jobs should be created.

How much does a financial analyst earn?

The average salary for financial analysts in 2021 was $81,730. The top 25 percent of earners earned $127,610 that year, while the bottom 25 percent earned $62,380.

How to become A financial analyst?

While a bachelor’s degree is required, usually in a finance-related field, many financial analysts also earn a master’s degree in finance or business administration and take additional financial analyst courses.

Many also become certified financial analysts in this field, and employers often sponsor certification and licensing programs. You’ll gain an advantage in this field by obtaining a certification, such as a CFA, or by taking advanced courses in topics related to your expertise. A license is usually required for analysts looking to sell financial products.

The ambitious may take on greater responsibilities and advance to supervisory positions, and the best may become fund managers.

Job Satisfaction

The average American works well into their 60s, so workers may have an enjoyable and fulfilling career. A job with a low stress level, good work-life balance, and strong prospects for improvement, promotion, and higher pay make many employees happy. Here’s how Financial analysts Job satisfaction is rated in terms of upward mobility, stress level and flexibility.

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