Financial analyst jobs have good demand in the current economy.
With the right education and experience, you can apply for a higher paying job in this lucrative field.
You can find the financial analyst salary estimate on the Accounting Salary Table.
Just what is the right education to get for your online degree?
Financial analysts should have a degree in business, economics or accounting. These will prepare you for the position that you are interested in.
With a Bachelors degree, you can enter the field as a junior analyst, but those with a Masters of Business Administration (MBA) will be able to find higher ranking positions quite easily, right out of school.
A financial analyst has a range of responsibilities, depending on the specialty. In general, they will make business and industry recommendations. For example, experience in the energy business could give you an advantage in financial analyst careers relating to energy. Based on macroeconomic and microeconomic trends, an analyst will research carefully to get a good feel for what is going on in the economy, and you will write reports for clients. There is a variety of businesses to report on, so a financial analyst will need to be on top of any advancements in their area of specialty in order to make the right recommendations in their reports.
People who are good with numbers are usually excellent for financial analyst careers. You will need a lot of math skills to do well, but it is also important to be good with people and public speaking if you want people to listen to what actions you recommend.
There are a number of choices when it comes to finding financial analyst careers. You can work at a regular bank, an investment bank, insurance companies and buy-side and sell-side investment companies. Many new analysts are hired by sell-side companies where they will turn out research reports or in buy-side companies where they are responsible for providing recommendations for stock investments.
No matter where you work, there is always opportunity for advancement, but this usually requires further education. Getting your MBA is a good place to start if you want to make certain that youll get a better job, since it can take five or more years to work your way up to a senior analyst position. Later, you can become an independent financial consultant, investment advisor, or a money manager that is paid a percent of assets managed (unlimited income!). Financial managers and financial services sales agents of securities and commodities also have unlimited income. Financial analyst salary estimates can be found on the Accounting Salary Table.
In the financial securities fields, to ensure that everyone has the right amount of experience and education, there are government regulations and professional certifications that help you advance. For example, to become a chartered financial analyst (CFA), you will need to have at least several years of professional experience and pass three tests (each approximately 6 hours long), as well as hold a Bachelors degree.
It is not difficult to find financial analyst jobs, and they are ideal for anyone interested in the economy. If you are good with numbers, you may only need a few more online classes to prepare you for these positions.