Financial-Analyst/-in » Gehalt & Beruf (2024)

FAQs

What does a financial analyst do? ›

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.

Find out what the average Financial Analyst salary is

The average financial analyst salary in the United Kingdom is £42,500 per year or £21.79 per hour. Entry level positions start at £32,775 per year while most experienced workers make up to £60,000 per year. £42,500. £32,775. £60,000.

The salary range for a financial analyst is $38K-$725K. The average salary for a Financial Analyst in US is $86,006.

They Earn a Competitive Salary

In 2021, the average salary in the U.S. for a Financial Analyst was $96,000. Within the field of financial analytics, some professionals earn much more than this. For example, Financial Managers made an average of $132,000 in 2021.

Financial Analysts must stay abreast of market trends and global events that can cause sudden shifts in financial markets. The need to rapidly respond to these changes can result in unpredictable work hours and stress, as analysts work to understand implications and advise clients or stakeholders accordingly.

Financial analysts tend to work with the overall picture of economic trends and market movements to forecast financial situations. A career in accounting may be ideal if you enjoy examining data like auditing and reviewing financial statements. Financial analysts may make more money on average than accountants.

Undergraduate degrees

The more relevant degree would be one in financial analysis although you might also consider economics, statistics, business studies or accounting. Entry requirements vary but typically range between 96–160 UCAS points.

While ZipRecruiter is seeing salaries as high as $116,455 and as low as $37,996, the majority of Financial Analyst salaries currently range between $69,100 (25th percentile) to $109,100 (75th percentile) with top earners (90th percentile) making $114,974 annually in California.

The field is also growing at a steady pace. The BLS projects employment for financial and investment analysts to grow by 8% from 2022 to 2032, which is faster than the average projected growth for all jobs. This amounts to about 29,000 new financial analyst jobs by 2032.

At the entry-level, you'll usually work between 40 and 50 hours per week. However, that varies based on the group and the time of year. For example, FP&A Analysts might work more like 50-60 hours per week because the role tends to be more strategic and involves more interaction with management.

Who pays most to a financial analyst? ›

How much does a Financial Analyst make? The estimated total pay for a Financial Analyst is $110,760 per year, with an average salary of $79,191 per year. These numbers represent the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users.

Drawbacks of a career in finance can include high stress, long working hours, continuing education requirements, and, in some cases, limited job stability.

A successful career as a financial analyst requires strong quantitative skills, expert problem-solving abilities, adeptness in logic, and above-average communication skills. Financial analysts have to crunch data, but they also have to report their findings to their superiors clearly, concisely, and persuasively.

Responsibility: A financial analyst is a highly respected position, and their research and recommendations can have a dramatic impact on the company. This can translate to performance-based compensation and high levels of stress. On-the-Job Training: The analysis needs of every job will be different.

While younger analysts tend to do a lot of data gathering, financial modeling, and spreadsheet maintenance, more senior analysts tend to spend time on developing investment theses, speaking with company management teams and other investors, and marketing ideas (if they are on the sell-side).

The top 5 highest paying jobs in finance are investment banking, hedge fund management, CFO roles, private equity, and actuarial positions. These careers typically offer substantial salaries and the potential for significant bonuses.

Conduct financial analysis using various methods, such as trend, variance, and ratio analysis. Develop financial models to forecast future performance and identify potential risks or opportunities. Prepare and present reports on findings and recommendations to senior management.