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Beginner to Advanced: Learn Excel Shortcuts, Formulas & Functions for Financial Modeling & Corporate Finance
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Senior financial analysts leverage financial data to help companies make sound investment decisions and improve their overall financial health. Here’s what to know about a senior financial analyst’s needed skills, salary and how to become one.
Senior financial analysts are responsible for advising junior financial analysts and guiding financial decisions for a company. A successful senior financial analyst makes accurate and timely forecasts to help their company achieve its financial goals.
Senior financial analysts advise and assist junior financial analysts by reviewing financial reports, conducting financial analyses and developing financial models and forecasts.
Senior financial analysts are part of a company’s finance team, and they typically guide junior financial analysts with their responsibilities. Senior financial analysts may report directly to the finance manager or controller.
Companies rely on senior financial analysts to make informed decisions regarding budgets and financial predictions. Senior financial analysts use their understanding of the business and financial patterns to help their company maintain healthy financial growth.
Senior financial analysts are often required to have at least a bachelor’s degree in finance, accounting or a related field. A master’s degree in a similar field can help aspiring analysts open up more job opportunities. Senior financial analysts usually have five or more years of experience working in finance.
Senior financial analysts typically start their careers as entry-level analysts or accountants before progressing into a more senior role. Commonly held positions after senior financial analyst include finance manager, accounting manager, senior accountant or controller.
Financial analysts are expected to have healthy job growth over the next several years. The U.S. Bureau of Labor Statistics predicts that financial analysts will have 9 percent growth through 2031.
The full compensation package for a senior 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 senior financial analyst’s salary.
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