According to the Bureau of Labor Statistics (BLS), “financial analysts provide guidance to businesses and individuals making investment decisions. They assess the performance of stocks, bonds, and other types of investments.
Financial analysts generally focus on trends affecting a specific industry, geographical region, or type of product. Investing is also becoming more global, and some financial analysts specialize in particular country or region.”
Job responsibilities: Financial analyst
- Recommend individual investments and collections of investments, which are known as portfolios
- Evaluate current and historical data
- Study economic and business trends
- Study a company’s financial statements to determine its value
- Meet with company officials to gain better insight to company’s prospects and management
- Prepare written reports
- Meet with investors to explain recommendations
Salary outlook: Financial analyst
The average salary for a financial analyst is about $76,950 annually or $37.00 hourly. The BLS estimates that employment of financial analyst will grow 16% between 2012 and 2022.
What degrees can help me become a financial analyst?
Although you can secure a job in almost any field with a range of degrees, most positions as a financial analyst require a bachelor’s degree. For advanced positions, employers often require a master’s in business administration (MBA) or a master’s degree in finance. Lynn offers the following foundational degrees that can help you in your career path: