Who pays most to Financial Analyst?
1. Investment Banker. Roles in investing banking are highly sought after. For investment bankers, it's often a higher competition to land a role in one of the largest firms.
- Google Financial Analyst Salary - ₹20.5 Lakhs per year.
- Akzo Nobel India Financial Analyst Salary - ₹21.6 Lakhs per year.
- DE Shaw Financial Analyst Salary - ₹19.7 Lakhs per year.
- The World Bank Financial Analyst Salary - ₹17.5 Lakhs per year.
- Google. 4.3 $116,543per year. 5,368 reviews29 salaries reported.
- Houlihan Lokey. 3.8 $85,500per year. 57 reviews16 salaries reported.
- Boeing. 3.9 $83,809per year. ...
- Northrop Grumman. 4.0 $81,744per year. ...
- EY. 3.9 $80,272per year. ...
- Show more companies.
- McKinsey & Company. 4.2 $107,408per year. 827 reviews30 salaries reported.
- Leidos. 3.7 $106,245per year. 1,773 reviews8 salaries reported.
- Boeing. 3.9 $97,962per year. 9,649 reviews13 salaries reported.
- Apple. 4.1 $88,016per year. ...
- BlackRock. 3.8 $81,090per year. ...
- Show more companies.
| Securities, commodity contracts, and other financial investments and related activities | $128,880 |
|---|---|
| Professional, scientific, and technical services | 104,260 |
| Management of companies and enterprises | 103,300 |
| Credit intermediation and related activities | 100,500 |
| Insurance carriers and related activities | 97,200 |
1. Investment Banker. Roles in investing banking are highly sought after. For investment bankers, it's often a higher competition to land a role in one of the largest firms.
Financial analysts tend to work with the overall picture of economic trends and market movements to forecast financial situations. A career in accounting may be ideal if you enjoy examining data like auditing and reviewing financial statements. Financial analysts may make more money on average than accountants.
It's a lucrative and interesting career, and financial analysts can expect to make around $85,000 per year, but that number is going to look very different depending on the route an individual financial analyst takes.
- Banking.
- Insurance.
- Investment.
- Business.
- Government.
Competition for these jobs is fierce, especially among analysts new to the field. The Bureau of Labor Statistics projects 8.2% employment growth for financial analysts between 2022 and 2032. In that period, an estimated 68,000 jobs should open up.
Is financial analyst a stressful job?
Achieving a healthy work-life balance is particularly vital for Financial Analysts, who often face long hours, tight deadlines, and the stress of high-stakes decision-making.
| Job Title | Average Salary | Salary Range |
|---|---|---|
| Senior Financial Analyst | $105,255 | Min: $47K Max: $240K |
| Controller | $141,229 | Min: $0K Max: $300K |
| Finance Director | $160,365 | Min: $35K Max: $366K |
| Vice President of Finance | $197,943 | Min: $96K Max: $500K |
Financial Analysts often work overtime due to the rigorous nature of their work and tight deadlines. Many financial professionals work between 50-80 hours a week to complete assigned work.
Financial Analyst Salary and Job Outlook
This profession has a high level of upward mobility, with incentives such as raises and career advancement for qualified individuals. The job outlook for Financial Analysts from 2021-2031 projects a 9% growth rate, which is faster than the national average.
The workforce of Financial analysts in 2021 was 273,293 people, with 41.4% woman, and 58.6% men. The average age of male Financial analysts in the workforce is 37.6 and of female Financial analysts is 40.6, and the most common race/ethnicity for Financial analysts is White.
Hedge fund managers can make tens of millions of dollars because of a similar compensation structure to private equity; hedge funds charge both an annual management fee (typically 2% of assets managed) and a performance fee (typically 20% of gross returns).
- Firefighter.
- Social worker.
- Broadcaster.
- Newspaper reporters.
- Emergency dispatcher.
- Mental health counselor.
- Anesthesiologist.
- ER nurse.
Many analysts report that the hardest part of their job is communicating sophisticated analysis and insights to decision-makers in a way that is both comprehensible and actionable.
CFA vs CPA Exam difficulty
Both are challenging and require gaining skills and knowledge in complex topics. However, the CPA Exam generally requires less studying - around 80 to 120 hours per section compared to 300 hours per section of the CFA Exam, and the CPA Exam also has a higher pass rate.
CFA vs CPA Salary: Everything You Need to Know. The average salary for a CFA charterholder ranges anywhere from $51,000 to over $274,000, while CPAs may earn an annual salary ranging from $50,000 to upwards of $240,000.
How much do CFA vs CFP make?
– The CFA Institute says a CFA charter holder can earn between $126,000 and $177,000. – Comparably.com data from Feb. 2023 shows the average CFP salary in the U.S. is $121,099. The total range is between $39,300 and $187,200.
Like every field, there are also drawbacks to a career in finance. They can include high stress, big responsibility, long working hours, continuing education requirements, and, in some cases, a lack of job security—the finance industry is generally quite cyclical.
A senior analyst in the securities industry often moves up to become a portfolio manager or a fund manager overseeing a team of senior analysts. There may also be an opportunity to enter a senior management role.
Financial Analysts made a median salary of $90,680 in 2022. The best-paid 25% made $131,340 that year, while the lowest-paid 25% made $64,390.
In this highly competitive job market, a master's degree gives an applicant a boost. A successful career as a financial analyst requires strong quantitative skills, expert problem-solving abilities, adeptness in logic, and above-average communication skills.
