Financial Analyst

Financial Analyst Job Description

As a financial analyst you are required to analyze information to produce forecasts of business, industry, and economic conditions for use in making investment decisions. You must also interpret data affecting investment fields such as price, future trends in investment risks, economic influences and much more.

Financial Analyst Salary Statistics as of 2015

Average annual salary for a Financial Analyst is $55445 based on statistics in the U.S. as of 2015. The highest salary recorded was $79861. The lowest salary reported was $39634. These figures will vary on a state to state basis as these are averages across all 50 states.

Median hourly wage for a Financial Analyst is $17.745 based on statistics in the U.S. as of 2015. The highest hourly rate recorded was $25.09. The lowest hourly rate recorded was $10.4. These figures will vary on a state to state basis as these are averages across all 50 states.

Bonuses for a Financial Analyst are based on the years of experience using statistics from the U.S. as of 2015. The average bonus recorded was $2250 from people with 15+ years of experience. The average bonus recorded was $2546 from people with under 1 year of experience.

These are the highest paying states for a Financial Analyst. These numbers are based of the median annual salary as of 2015.
California – $43,555 – $83,243
Florida – $36,458 – $66,119
Illinois – $41,019 – $71,981
Massachusetts – $45,908 – $76,219
New York – $42,385 – $83,246
Pennsylvania – $38,873 – $70,963
Texas – $40,508 – $77,134

These are the highest paying cities for a Financial Analyst. These numbers are based of the median annual salary as of 2015.
New York, New York –
Chicago, Illinois –
Houston, Texas –
Dallas, Texas –
Washington, District of Columbia –
Atlanta, Georgia –
San Francisco, California –

This chart outlines the average annual salary of a Financial Analyst from the past 5 years. In 2015 the average annual salary was $55445 while in 2007 it was just $51418.72

Requirements

The secret to being a good financial analyst is having a keen mind for the markets. You need to be spot on about the research you do and the decisions your team makes. These decisions will impact how much you earn for your firm, and how successful they are in terms of quarterly and annual earnings. While there is no such thing as commission in the finance world, your eventual promotions and salary increases will depend heavily on how much of an asset you are.

How To Become a Financial Analyst

Getting into a financial analyst position is probably the hardest step in this field. You need to be an excellent student who has graduated from a top college. You need to come with a great resume, good recommendations, and something that stands out. This will make companies take you seriously. They want to see someone who can clearly work all hours, and someone who has a keen financial brain. If you think you possess these qualities, then you will do well as a financial analyst. Just remember, the first few years are the toughest. You will work longer hours, be expected to do more grunt work, and reap far less benefits. If you can survive this time, you are looking at a long and storied career in the financial world, with plenty of benefits.