What does a Financial Analyst do?

Financial analysts are responsible for tracking a company's financial performance against a plan, analyzing business performance and market conditions to create forecasts, and helping senior management make tactical and strategic decisions by providing periodic reports. However, not all financial analysts work with financial institutions or help their employers make investments. For example, a company may hire a financial analyst to measure the effectiveness of various marketing campaigns relative to cost.

Most financial analyst roles require a degree in accounting, economics, statistics, or business administration. Though not required, a CPA or an MBA may be preferred. A financial analyst should be very good with numbers and solving problems, and should be familiar with the workings of the economy, tax laws, and money markets.

  • Provide analytical, forecasting, reporting, and project support to senior management
  • Produce monthly reports, which include key metrics, financial results, and variance reporting
  • Spearhead the annual and quarterly budgeting and forecasting processes
  • Identify opportunities for performance improvement across the organization
  • Maintain knowledge and keep abreast of new investment regulations or policies
  • Develop models that help with decision-making
  • Bachelor's degree in Finance, Accounting, or related field; CPA or CMA a plus.
  • 2-4 years of relevant experience in corporate finance, financial planning & analysis, investment banking, or other related fields.
  • Strong working knowledge of Excel and financial modeling
  • Excellent analytical, decision-making, and problem solving skills
  • Attention to accuracy and detail required

Average Years of Experience

0 - 1
23%
2 - 4
39%
5 - 7
7%
8+
31%

Common Skill Sets

Excellent Communication
Degree IN Finance
Microsoft EXCEL
Powerpoint
Application Analysis
Microsoft Office Suite
SSRS
Written Communication

Financial Analyst Seniority Levels

L2
Financial Analyst
£39,648/yr
L4
Financial Analyst IV
No Salary Reports
Financial Consultant
5% made the transition
Financial Advisor
22% made the transition
See Career Path

Financial Analyst Salaries

Glassdoor Estimated Salary

Financial Analyst jobs