Financial Analyst Salary – Freshers and Experienced
Updated on Sep 30, 2022 | 6 min read | 899.8k views
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Updated on Sep 30, 2022 | 6 min read | 899.8k views
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Financial analysis is essential to determine an organization’s financial growth and health. Analysts are necessary to understand the financial stability and requirements for a business to thrive. Several responsibilities usually surround them in terms of seniority and the department they work for.
The average financial analyst salary in the US is $67,617 per annum, which can be regarded as a high earning potential in US. A new graduate with less than one year of experience, earns around $62,071 per annum. Analysts having a career over 6-9 years receive an annual salary of around $77,071 per annum, while an expert financial analyst over ten years of experience can have $79,795 per annum as their salary.
To consider it a career option, we need to learn about the job description, skills required and qualifications required for sound financial analysis. Check out this article to know more!
The job of a financial analyst encompasses a wide range of duties, including:
With an attractive salary, many people consider pursuing it as a career goal. But many skills are required to become a successful financial analyst. The roles performed by a financial analyst is mentioned below:-
There are three major divisions of financial analysis. The following are:-
However, the final say does not lie with the financial analyst. Their role is to pave the way for the employer to decide whether it is a feasible decision or not. With financial environments evolving at a faster scale, the demand for buy-side analysts is growing large in this world.
Sell-side analysts receive the highest financial analyst salary out of all the divisions. Subspecialties mentioned here include analysts focussing on stocks or fixed instruments. For example, further sections are also discovered by certain analysts, such as technology and energy.
Equity analysts can be referred to as those analysts who deal with vast sums of capital. If their prediction is correct, the analysts can earn over millions. Big investment banks aim to have equity analysts because they help to find companies with the most satisfying opportunities available for ownership.
The starting salary of a financial analyst ranges in around $62,071 per annum. The highest salary earned by a financial analyst in the US is around $128,194 per annum. The pay scale depends on the companies largely as well. In the US, Washington D.C. offers the best jobs in financial analysis with a high pay scale.
The main objective of being a financial analyst can be regarded as upheaving their finance skills to provide a better lifestyle for an organization or sector. Beginners in this field also have a scope to reach the zenith and earn a considerable sum of money. Meanwhile, the work experience also gets enhanced due to a massive level of interaction with several banks and companies. Additionally, the demand for analysts due to changing financial conditions is another reason why this job can be ideal for you.
If you decide to become a financial analyst, upGrad’s Master of Business Administration (MBA) can work as the ideal course for you. Teachings are provided by renowned professors of the Liverpool Business School with specializations in finance, marketing, operations, strategy, and leadership. Starting from 31st January 2022, the course lasts for 18 months, bringing a varied range of learnings and opportunities.
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