Financial Analysts

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About the Job

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

It is also Called

  • Alternative Financing Specialist
  • Bank Analyst
  • Banking Analyst
  • Bond Analyst
  • Budget Analyst
  • Chartered Financial Analyst (CFA)
  • Commodity Analyst
  • Corporate Financial Analyst
  • Corporate Securities Research Analyst
  • Corporate Statistical Financial Analyst

What They Do

  • Draw charts and graphs, using computer spreadsheets, to illustrate technical reports.
  • Inform investment decisions by analyzing financial information to forecast business, industry, or economic conditions.
  • Monitor developments in the fields of industrial technology, business, finance, and economic theory.
  • Interpret data on price, yield, stability, future investment-risk trends, economic influences, and other factors affecting investment programs.
  • Monitor fundamental economic, industrial, and corporate developments by analyzing information from financial publications and services, investment banking firms, government agencies, trade publications, company sources, or personal interviews.
  • Recommend investments and investment timing to companies, investment firm staff, or the public.
  • Determine the prices at which securities should be syndicated and offered to the public.
  • Prepare plans of action for investment, using financial analyses.
  • Evaluate and compare the relative quality of various securities in a given industry.
  • Present oral or written reports on general economic trends, individual corporations, and entire industries.

Interests

People who work in this occupation generally have the interest code: CIE.

This means people who work in this occupation generally have Conventional interests, but also prefer Investigative and Enterprising environments.

Work Values

People who work in this occupation generally prize Achievement, but also value Recognition and Independence in their jobs.

Things They Need to Know

  • 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.

Things They Need to Be Able to Do

  • Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
  • Writing - Communicating effectively in writing as appropriate for the needs of the audience.
  • Reading Comprehension - Understanding written sentences and paragraphs in work related documents.
  • Speaking - Talking to others to convey information effectively.
  • Complex Problem Solving - Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
  • 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.
  • Mathematics - Using mathematics to solve problems.

Education Required

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

Wages

In 2012, the average annual wage in California was $101,410.00 with most people making between $53,980.00 and $169,160.00

Outlook

2.43%
avg. annual growth

During 2010, this occupation employed approximately 30,000 people in California. It is projected that there will be 37,300 employed in 2020.

This occupation will have about 730 openings due to growth and about 640 replacement openings for approximately 1,370 total annual openings.



California Career Resource Network