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Beginner to Advanced: Learn Excel Shortcuts, Formulas & Functions for Financial Modeling & Corporate Finance
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Perform professional…
Financial analysts use data analytics to review financial performance and suggest expense decisions for a business. Here’s what to know about a financial analyst’s salary, needed skills and how to become one.
Financial analysts conduct financial analysis to guide a company’s investment strategies and evaluate financial outcomes. They often keep up-to-date on current market and economic trends and may inform companies when to buy and sell investments.
Financial analysts review financial reports, identify investment opportunities and forecast potential financial trends for a company.
Financial analysts tend to be part of a finance team within a company. They may report to a senior financial analyst or finance manager.
Financial analysts can spark decisions that affect the budgeting of different departments and a company as a whole. Their work largely helps to minimize business risk and prepare ahead for uncertain market environments.
Financial analysts often earn a bachelor’s degree in finance, economics, statistics or a similar field.
Financial analysts will also need to obtain an internship or applicable experience in financial analysis, operational analysis or similar roles. Knowledge in data analysis, financial modeling and forecasting, business valuation, accounting and spreadsheet tools like Microsoft Excel are recommended.
After experience as a financial analyst, professionals can move into a senior financial analyst role. From here, professionals may progress into management roles like finance manager, director of finance and eventually chief financial officer.
Financial analysts are in demand, as jobs for the role are expected to grow 9 percent by 2031.
The full compensation package for a financial analyst depends on a variety of factors, including but not limited to the candidate’s experience and geographic location. See below for detailed information on the average financial analyst salary.
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