CareerZone
Financial Analysts
An occupation in Business and Information Systems
This occupation is in demand in the High Growth industry: Financial
Printer friendly formatPrinter Icon
E-Mail this page to a friendEmail Icon
Save to PortfolioSave Icon

Back to Top

Conduct quantitative analyses of information affecting investment programs of public or private institutions.


Back to Top

Conventional - Conventional occupations frequently involve following set procedures and routines. These occupations can include working with data and details more than with ideas. Usually there is a clear line of authority to follow.


Back to Top

1. Assemble spreadsheets and draw charts and graphs used to illustrate technical reports, using computer.

2. Analyze financial information to produce forecasts of business, industry, and economic conditions for use in making investment decisions.

3. Maintain knowledge and stay abreast of developments in the fields of industrial technology, business, finance, and economic theory.

4. Interpret data affecting investment programs, such as price, yield, stability, future trends in investment risks, and economic influences.

5. Monitor fundamental economic, industrial, and corporate developments through the analysis of information obtained from financial publications and services, investment banking firms, government agencies, trade publications, company sources, and personal interviews.

6. Recommend investments and investment timing to companies, investment firm staff, or the investing public.

7. Determine the prices at which securities should be syndicated and offered to the public.

8. Prepare plans of action for investment based on financial analyses.

9. Evaluate and compare the relative quality of various securities in a given industry.

10. Present oral and written reports on general economic trends, individual corporations, and entire industries.

11. Contact brokers and purchase investments for companies, according to company policy.


Back to Top

Reading Comprehension - Understanding written sentences and paragraphs in work related documents.

Time Management - Managing one's own time and the time of others.

Active Listening - Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.

Judgment and Decision Making - Considering the relative costs and benefits of potential actions to choose the most appropriate one.

Complex Problem Solving - Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.

Mathematics - Using mathematics to solve problems.

Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.


Back to Top

Economics and Accounting - Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.

English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.

Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.

Computers and Electronics - Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.

Law and Government - Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.

Administration and Management - Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.

Customer and Personal Service - Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.


Back to Top

Job Zone Four: Considerable Preparation Needed

Education: Most of these occupations require a four - year bachelor's degree, but some do not.

Training: Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.


Back to Top

The college search results are undergraduate programs associated with Financial Analysts. Further education may also be required to pursue this career.

The training search results include both short and long-term programs associated with Financial Analysts, and may be more appropriate for adult and non-traditional students. Further training may also be required to pursue this career.


Find Training Courses in New YorkFind Colleges in New YorkAccounting and Finance. - An integrated or combined program in accounting and finance that prepares individuals to function as accountants and financial managers or analysts.


Find Training Courses in New YorkFind Colleges in New YorkAccounting and Business/Management. - An integrated or combined program in accounting and business administration/management that prepares individuals to function as accountants and business managers.


Find Training Courses in New YorkFind Colleges in New YorkFinance, General. - A program that generally prepares individuals to plan, manage, and analyze the financial and monetary aspects and performance of business enterprises, banking institutions, or other organizations. Includes instruction in principles of accounting; financial instruments; capital planning; funds acquisition; asset and debt management; budgeting; financial analysis; and investments and portfolio management.


Back to Top

In NY the average wage for this occupation was:

$56,430 for entry level workers, and $127,300 for experienced workers.


Back to Top

Based on the total number of annual openings and its growth rate, the employment prospects for this occupation are described as Very Favorable.

During 2006, there were approximately 33,170 Financial Analysts employed in NY.

We estimate that in 2016 there will be 39,090  employed in NY. This represents an increase of 590 job(s) each year, and a total of 190 job openings each year.


Back to Top

Financial analysts and personal financial advisors - Visit this link for additional information on this career from the Occupational Outlook Handbook; a publication produced and maintained by the United States Department of Labor.

Finance and Accounting Managers - Visit this link for information on this career in the military.


Back to Top

Accountants - Analyze financial information and prepare financial reports to determine or maintain record of assets, liabilities, profit and loss, tax liability, or other financial activities within an organization.

Auditors - Examine and analyze accounting records to determine financial status of establishment and prepare financial reports concerning operating procedures.

Credit Analysts - Analyze current credit data and financial statements of individuals or firms to determine the degree of risk involved in extending credit or lending money. Prepare reports with this credit information for use in decision-making.

Personal Financial Advisors - Advise clients on financial plans utilizing knowledge of tax and investment strategies, securities, insurance, pension plans, and real estate. Duties include assessing clients' assets, liabilities, cash flow, insurance coverage, tax status, and financial objectives to establish investment strategies.

Tax Examiners, Collectors, and Revenue Agents - Determine tax liability or collect taxes from individuals or business firms according to prescribed laws and regulations.

Actuaries - Analyze statistical data, such as mortality, accident, sickness, disability, and retirement rates and construct probability tables to forecast risk and liability for payment of future benefits. May ascertain premium rates required and cash reserves necessary to ensure payment of future benefits.

Economists - Conduct research, prepare reports, or formulate plans to aid in solution of economic problems arising from production and distribution of goods and services. May collect and process economic and statistical data using econometric and sampling techniques.


Back to Top