Financial Analyst

Financial analysts also called securities or investment analysts study fiscal information of various businesses or other entities in the United States or oversees in order to provide sound recommendations about the value of securities and make predictions about how they will perform. Client use such recommendations and predictions to make decisions about investing in or selling stocks or bonds. According to the website httpcareers.stateuniversity.com financial analysts use statistical software to perform their analyses and they report the results to their employers or clients. Some financial analysts specialize in one industry such as telecommunications or oil or one type of bond such as municipal or corporate. Financial analysts are employed by banks stock brokerage firms mutual funds insurance companies corporations and government agencies but some work independently. In determining the financial status of a company they compare its present earnings and expenses with those from the previous years as well as those of other companies in the same sector. Some analysts do in-person interviews with managers to get a better idea of the company's operations and prospects. Financial analysts need a college degree with courses in finance business economics accounting and mathematics. Nowadays many job applicants have a Master's of Business Administration (MBA) degree. Financial analysts often start their careers as junior analysts in banks or financial firms but with experience they may become senior analysts. The website www.searchbydegree.com says that the median annual earnings for this profession are approximately $67000 though more experienced individuals can earn well over $100000. Financial analysts often receive bonuses in addition to their salary depending on how well their predictions compare to the actual performance of the investments.

Education Required: Bachelor's Degree
Avg Salary: $83500
High Salary: $100000
Low Salary: $67000
Tasks: Makes suggestions on how to invest money.
Researches and evaluates the securities of companies in one industry.
Predicts what will happen to the companies' earnings in the future.
Determines when a stock or bond should be bought or sold.
Also Called: Securities Analyst
Investment Analyst
Personal Financial Advisor
Ratings Analyst
Additional Resources: http://careers.stateuniversity.com/pages/210/Financial-Analyst.html
http://www.searchbydegree.com/financial-analyst-career.html
http://www.samplejobdescriptions.org/financial-analyst-job-description.html