How to become a financial analyst

The field of analysts with MBAs is ripe with career opportunities as the world becomes more focused on examining data. The position was developed from the need for improvement of identifying the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.

Responsibilities

The financial analyst conducts quantitative analyses of information affecting investment programs of public or private institutions.

Financial analysts routinely perform the following:

  • Use computer spreadsheets and develop charts and graphs to illustrate technical reports
  • Forecast business, industry, or economic conditions by analyzing financial information to inform investment decisions
  • 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

Average salaries

Financial analyst salary expectations are $78,6200 per year and employment for these managers is expected to grow by 15-21% through 2022 — faster than average for other occupations.

Work environment

Most financial analysts work full time, and many work more than 40 hours per week. An office environment is most common.

College degree

Spring Arbor University offers a convenient and flexible online MBA program that can help you become a financial analyst in as few as 18 months. Learn more here.