4 answers
4 answers
Updated
Chris’s Answer
What type of financial analyst?
Years of experience required for the job?
City?
Big, medium, or small bank? Responsibilities?
Any insight to what you mean by financial analyst would help
Years of experience required for the job?
City?
Big, medium, or small bank? Responsibilities?
Any insight to what you mean by financial analyst would help
what are the different types of financial analysts
Jairon
Within the financial/investment industry there are three major categories of analysts and they work for:
1) Buy-side firms (investment houses that manage their own funds)
2) Sell-side firms
3) Investment Banks
A financial analyst is an umbrella title that can span across multiple industries, and as someone, like I assume you are, interested in finance I would investigate the three categories I listed above to see what interests you the most. From there look at entry level positions and their requirements. Look into companies you are familiar with and try to network your way in to learn more about possible roles/salaries/exit ops to find the right fit for you. Hope that helps!
Chris Koester
Updated
Doc’s Answer
AVERAGE FINANCIAL ANALYST STARTING SALARY – $58,000*
Hi Jairon,
The average Financial Analyst Salary comparison for Tampa, Florida is $58,000 as of May 2, 2020, but the salary range typically falls between $58,000 to $76,000. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. *2020 Salary Guide for Accounting and Finance Professionals.
FINANCIAL ANALYST DESCRIPTION
Financial analysts keep their fingers on the pulse of the economy. They help their clients by recommending when to buy and sell investments and by staying current on economic trends, business news and company strategy. They also write reports that explain their analyses, share their expertise with colleagues who aren’t financial experts and sometimes communicate their perspectives to the public and financial media. Many work for financial companies, including those in the financial services and insurance industries. For their influence and sizable paychecks, financial analysts pay the price by working long hours: One in three put in between 50 and 70 hours a week.
EXPECTATIONS & SKILLS
Financial analysts must have strong interpersonal skills in order to convey their recommendations clearly and effectively. A detail-oriented approach, decision-making abilities and communication skills involving collaboration, tact and diplomacy are also important. Financial analysts should be self-starters willing to dig deep into research. You should be able to work independently with minimal supervision.
√ Excellent analytical skills
√ Great communication skills, both verbal and written
√ Computer skills, focusing also on financial analysis software
√ Strong decision making skills
√ Detail oriented
√ Excellent mathematical skills
EDUCATION REQUIREMENTS & CERTIFICATION
A bachelor’s degree is generally the minimum requirement. While a bachelor’s in finance is recommended, fields such as mathematics, statistics, economics, and accounting are also suitable. Licenses and certifications are also available and sometimes required by employers.
Certification is usually recommended depending on the position. The Certified Financial Analyst (CFA), offered by the CFA Institute, is very popular. To obtain CFA certification, a financial analyst must hold a bachelor’s degree, have four years of relevant professional experience, and pass three different examinations. You can also obtain further certification in specialty fields. Doing so will also greatly improve their advancement prospects.
Hop this was helpful Jairon
Hi Jairon,
The average Financial Analyst Salary comparison for Tampa, Florida is $58,000 as of May 2, 2020, but the salary range typically falls between $58,000 to $76,000. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. *2020 Salary Guide for Accounting and Finance Professionals.
FINANCIAL ANALYST DESCRIPTION
Financial analysts keep their fingers on the pulse of the economy. They help their clients by recommending when to buy and sell investments and by staying current on economic trends, business news and company strategy. They also write reports that explain their analyses, share their expertise with colleagues who aren’t financial experts and sometimes communicate their perspectives to the public and financial media. Many work for financial companies, including those in the financial services and insurance industries. For their influence and sizable paychecks, financial analysts pay the price by working long hours: One in three put in between 50 and 70 hours a week.
EXPECTATIONS & SKILLS
Financial analysts must have strong interpersonal skills in order to convey their recommendations clearly and effectively. A detail-oriented approach, decision-making abilities and communication skills involving collaboration, tact and diplomacy are also important. Financial analysts should be self-starters willing to dig deep into research. You should be able to work independently with minimal supervision.
√ Excellent analytical skills
√ Great communication skills, both verbal and written
√ Computer skills, focusing also on financial analysis software
√ Strong decision making skills
√ Detail oriented
√ Excellent mathematical skills
EDUCATION REQUIREMENTS & CERTIFICATION
A bachelor’s degree is generally the minimum requirement. While a bachelor’s in finance is recommended, fields such as mathematics, statistics, economics, and accounting are also suitable. Licenses and certifications are also available and sometimes required by employers.
Certification is usually recommended depending on the position. The Certified Financial Analyst (CFA), offered by the CFA Institute, is very popular. To obtain CFA certification, a financial analyst must hold a bachelor’s degree, have four years of relevant professional experience, and pass three different examinations. You can also obtain further certification in specialty fields. Doing so will also greatly improve their advancement prospects.
Hop this was helpful Jairon
Updated
Phyllis’s Answer
Per Glassdoor.com
Average base pay is $61,971
Per Payscale.com
Average base pay is $60,674
If you google "financial analyst salary range" you will find some good information.
Average base pay is $61,971
Per Payscale.com
Average base pay is $60,674
If you google "financial analyst salary range" you will find some good information.
Updated
Riley’s Answer
The average salary for a financial analyst in Tampa is $40,000-$70,000. However, if you plan to move, the average salary in the rest of the US is $45,000-$80,000.