Financial Research Analyst: Employment Info and Requirements for Becoming a Financial Research Analyst

Financial Research Analysts work in finance and have many duties, including managing portfolios and estimating investment risks. They have bachelor's degrees or graduate degrees in accounting, business, economics, finance or statistics. Licensure is mandatory for many types of specified positions and graduate-level certification is optional.

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Financial Research Analyst Career Definition

Financial Research Analysts investigate company financial statements and other public documents in order to estimate companies' financial worth. They manage portfolios and funds and estimate risks of investment. Financial Research Analysts work for investment banks, mutual funds, security firms and other businesses with money to invest or for brokerage firms who are offering financial products. Financial Research Analysts use software to track financial data and make forecasts about their industries of specialty.

How to Become a Financial Research Analyst

Required Education for A Career in Financial Research Analysis

Financial Research Analysts must have at least bachelor's degrees with coursework in accounting, business administration, economics, finance or statistics, but many Financial Research Analysts also have graduate degrees. For many types of work Financial Research Analysis, a specific license is required by the U.S. Financial Industry Regulating Authority http://www.finra.org.

Skills Required for a Career as a Financial Research Analyst

Because they interact with clients daily, Financial Research Analysts must have strong interpersonal skills in addition to their quantitative and analytical skills. The field of finance carries a strong ethical responsibility and requires dedication to upholding professional standards of practice.

Career and Economic Outlook for Financial Research Analysis

The U.S. Bureau of Labor Statistics (BLS), www.bls.gov, expects that jobs for Financial Analysts will grow by 37 percent between 2006 and 2016. A greater volume of investment, at least partially driven by a large number of retirees, will increase demand for knowledgeable Analysts. In 2008, BLS reported that Financial Analysts earned an average yearly income of $84,780. Income may vary from year to year because Financial Research Analysts receive bonus pay tied to the accuracy of their forecasts in addition to a base salary. Successful Financial Research Analysts receive bonuses that are significant portions of their total income. The highest paid Financial Research Analysts work in New York, Connecticut, California, Illinois and Washington state.

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