Understanding Accounting Job Titles
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Do you have a talent for numbers, accounting, and especially finance? A career as a Financial Analyst might be perfect for you.
Financial Analysts play a crucial role in analyzing financial options and opportunities for their companies and help make important decisions on what to invest in and in which ways.
Aside from a strong understanding of financial concepts, Financial Analysts need to keep an in-depth and up-to-date knowledge of their employer’s financial situation. They need to have strong communication skills to create and present reports and recommendations on market trends, investments, and economic decisions the company should make, including the benefits and risks involved.
Financial Analysts must be adept at working with larger teams to accomplish these goals.
The position requires a bachelor’s degree in finance, accounting, or a related field (MBA preferred). A Certified Public Accountant (CPA) certification is recommended.
According to Payscale the median annual salary of a Financial Analyst with
1 Year of Experience:
5 Years of Experience:
The career path for a Financial Analyst starts with earning a bachelor’s degree in finance, accounting, or a related field, with an MBA preferred. The next step is to be recognized as a Certified Public Accountant (CPA), by passing the Uniform CPA Exam set by the American Institute of Certified Public Accountants (AICPA). There are also more specialized training and designation programs to consider, often depending upon the specific type of financial analysis one wants to pursue.
Financial Analysts typically earn above-average salaries, depending upon experience and proven successes.
According to the U.S. Bureau of Labor Statistics, the employment of Financial Analysts is projected to grow six percent through 2028. This is an about average growth rate across all occupations and looks to be a stable one for interested candidates.
The typical work hours for a Financial Analyst can be from 9 a.m. to 5 p.m. Monday through Friday in an office setting. However, longer or different hours can be necessary.
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