You are seeking “financial analyst jobs near me,” aren’t you? What exactly are financial analysts? Do you ever wish you could be one of them?
Financial analysts play a vital role in the financial sector. They are often trained and have strong numeracy skills.
If you think “Financial Analyst jobs near me” is for you after reading the following post, then congrats; this is one of the highest-paying occupations in America!
Can you become a financial analyst?
What Is A Financial Analyst?
Financial analysts are in charge of market, company, and organization financial planning, researching, and forecasting. They must also estimate revenues and expenses to establish a cost structure and assess the capital budget for the company’s projects and strategies.
In addition, senior financial analysts will have a more prominent role, collaborating with CFOs and other team members to develop a set of strategic investment policies and directions for the entire business.
Jobs Description: Duties And Responsibilities In Details
To forecast a company’s financial growth, financial analysts use accounting platforms and historical economic data. They would then make creative policy and implementation decisions to produce the quickest and most effective results. Each financial analyst’s responsibilities and duties can vary depending on the business, yet they will generally have the following primary responsibilities:
- Analyzing financial details and results from the present and past
- Creating reports and forecasts based on analysis
- Evaluating current capital expenditures and depreciation
- Investigating investment possibilities
- Creating and assessing profit plans
- Identifying financial performance results and create suggestions for improvement
- Reviewing financial reports and predictions with other members of the finance team
- Modeling and predicting financial data
Other related jobs: financial analysis manager, senior financial analyst, investment analyst, financial reporting manager.
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Positive Outlook For Financial Analyst Jobs
According to the U.S Bureau of Labor Statistics (BLS), the outlook for financial analysts is promising, with a rise of 11% predicted between 2016 and 2026. This rate is higher than the national average for all occupations in the United States.
The accounting and finance industries are the most visible examples of this expansion. After the end of the recession in 2003, companies in this field have been bolstering their accounting and financial capital. Financial analysis was also ranked one of the country’s 100 Best Jobs (63) and Best Business Jobs (13) by U.S. News and World Report.
Is Entry-level Financial Analyst Salary That High?
According to ZipRecruiter.com, the average annual salary for an entry-level financial analyst in the United States is $ 43,831. This works out to be $ 21.07 per hour, $843 per week, or $3,653 per month.
The highest annual salary for a financial analyst can be $ 63,000 and the lowest salary can be $ 24,500, indicating that the majority of financial analyst salaries range from $ 34,000 (percentile 25) to $ 50,500 (75th percentile) for the top earners (90th percentile) – those earning $ 59,500 annually. Meanwhile, the public finance analyst salary on average in the United States is $76,011 as of April 14, 2021.
However, the average salary for a Financial Analyst varies significantly by state (up to $ 16,500). It is possible that, in addition to being region-dependent, financial analysts’ income is also based on position, education, skills, and years of experience.
Top 10 Highest Paying Cities For Financial Analyst Jobs In The U.S
According to estimates, the following ten cities have the median entry-level wage for Financial Analysts that is higher than the national average:
|City||Annual Salary||Monthly Pay||Weekly Pay||Hourly Wage|
|Santa Cruz, CA||$52,752||$4,396||$1,014||$25.36|
|Redwood City, CA||$51,471||$4,289||$990||$24.75|
|Santa Rosa, CA||$51,408||$4,284||$989||$24.72|
|Barnstable Town, MA||$49,994||$4,166||$961||$24.04|
The following ten cities, according to estimates, have the median wage for Financial Analysts at the entry-level and above the national average:
Sunnyvale, CA is at the top of the list, followed by Santa Cruz, CA, and Redwood City, CA. In particular, the job market for Input-Level Financial Analysts in Sunnyvale, CA, is very active, as more and more companies and businesses are recruiting for this role.
Many citizens would change jobs to improve their chances of rapid and productive economic growth, knowing that the ten regions with the highest average wages are higher than the national average.
Top 5 Best Paying Related Financial Analyst Jobs in the U.S.
There is a minimum of five positions that are linked to a Financial Analyst profile. Senior Financial Consultants, Financial Reporting Consultants, and IT Finance Analysts, Business Analyst Financial Services, and Finance Analytics all earn more money each year than normal Financial Analysts.
In contrast, the average entry-level Financial Analyst salary is $ 43,831, while all other positions in the table pay between $ 58,329 (133.1 percent) and $ 68,209. (155.6 percent ). If you can afford it, try one of these top new Financial Analyst positions, which can help you earn more money and improve your skills in new fields.
|Job Title||Annual Salary||Monthly Pay||Weekly Pay||Hourly Wage|
|Senior Financial Consultant||$112,040||$9,337||$2,155||$53.87|
|Financial Reporting Consultant||$110,983||$9,249||$2,134||$53.36|
|IT Finance Analyst||$107,078||$8,923||$2,059||$51.48|
|Business Analyst Financial Services||$105,738||$8,812||$2,033||$50.84|
See More With Career Map
Check out CFI’s interactive career map below to see if you’re a good fit for a financial analyst position.
- Analysts’ jobs in banking and finance include research, investment banking, sales & business, and commercial banking.
- The institutional finance analyst’s jobs include research, private equity, and portfolio management.
- Group jobs include investor relations, company development, budgeting, and financial planning and analysis (FP&A).
Beyond the Financial Analyst Job Near Me
All in all, the specifics of financial analyst roles, compensation, and career opportunities are mentioned above. You should notice other factors while selecting a good “financial analyst job near me” like regions, experience, qualifications, etc. Be confident in what you have and consider making a great move to find an excellent job as you adore.
Besides, researching and understanding this industry to identify a career path for yourself is critical, especially to pay attention to primary and preferred skills, key roles, and typical financial analyst credentials for becoming a financial analyst. Follow Jobandedu to catch up with the breaking news of us! Don’t overlook jot something down for more intriguing discussion.