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A Financial Analyst is responsible for the financial planning and analysis of a company, allowing the organisation to make well-informed commercial decisions. At the heart of a Finance Analyst job description should be the ability to determine the best use of resources to achieve business objectives.
Yes, being a financial analyst is a hard job. Most financial analysts report high-stress levels and heavy workloads. The work itself is complex and requires a lot of knowledge and continuous study. While financial analysts are usually paid well, it comes at the cost of a healthy work-life balance in many cases.
Stellar math and computation skills. A dynamic understanding of the economy and business trends. Research skills that enable worth assessment such as determining companies' values based on financial statements. The ability to recommend strategic investments.
Financial analysts are responsible for financial planning, analysis and projection for companies and corporations. They forecast future revenues and expenditures to establish cost structures and determine capital budgeting for projects.
Financial Analysts rank #13 in Best Business Jobs. Jobs are ranked according to their ability to offer an elusive mix of factors. Read more about how we rank the best jobs.
With greater experience and expertise, a senior financial analyst can continue into a supervisory position. A senior analyst in the securities industry often moves up to become a portfolio manager or a fund manager overseeing a team of senior analysts. There may also be an opportunity to enter a senior management role.
Financial analysts work in banks, pension funds, insurance companies, and other businesses. Financial analysts guide businesses and individuals in decisions about expending money to attain profit. They assess the performance of stocks, bonds, and other types of investments.
According to the U.S. Bureau of Labor Statistics, business and finance-related occupations are on track to grow by 5% between 2019 and 2029, which is faster than average compared to all other fields. So, what is driving this growth? The U.S. job market will always need financial workers.
Employment of financial analysts is projected to grow 6 percent from 2020 to 2030, about as fast as the average for all occupations. About 41,000 openings for financial analysts are projected each year, on average, over the decade.
The main role of a financial analyst is to pore over data to identify opportunities or evaluate outcomes for business decisions or investment recommendations. Financial analysts can work in both junior and senior capacities within a firm, and it is a niche that often leads to other career opportunities.