Financial analyst positions are among the most common in the finance industry, due in part to the fact that “analyst” can cover a range of job responsibilities and duties. Despite the wide range of job duties encompassed by the term “financial analyst,” however, these professionals tend to share a common core set of responsibilities.
Where to Find Financial Analyst Jobs
Financial analysts are commonly employed by banks, money management firms, brokerage firms, and various investment companies. Analyst jobs are more common in large cities, with the greatest number of positions clustered in the world’s financial centers, including Boston, New York, London, and Hong Kong.
What Financial Analysts Do
A particular financial analyst’s duties will depend on the needs of the company for which the analyst works. However, most financial analysts will be responsible for analyzing the financial position of the company and creating appropriate budgets and financial structures. In investment firms, analysts frequently evaluate investments and provide professional opinions on which are most appropriate for the organization or its clients.
Necessary Educational Credentials for Financial Analysts
Nearly all financial analyst positions require a college degree. Some positions can be obtained at the entry level, becoming the first job a person holds after earning a four-year degree; entry-level financial analyst positions are especially common in investment firms. Banks and money management firms may employ financial analysts in more senior positions. In higher-level positions, financial analysts typically have a graduate degree, a Chartered Financial Analyst (CFA) designation, or both. Because financial analysts spend considerable time building computerized financial models, comfort with computers is a key skill, whether it is developed in school or through regular work with computers and software.
Financial Analysis as a Career Track
Some financial analysts spend their entire lives as analysts; the most successful may be named to the Institutional Investor All-America Research Team. Others spend part of their career as financial analysts, then move on to positions as portfolio managers at a money management firm or hedge fund.
At Daley and Associates, our experienced recruiters can help financial professionals find jobs that are a great fit with their career goals and professional values. If you are looking for financial analyst jobs in Boston, contact us today.