Financial analysts assess the performance of bonds or other types of investments. From 2018 to 2028 the occupation is expected to grow 6%.
A financial analyst recommends individual investments and collections of investments. A financial analyst also has to evaluate current and historical data, study economic and business trends, study a company’s financial statements to determine its value, prepare written reports and meet with investors to explain recommendations.
Bank of America
Annual earnings of financial analyst vary greatly, and depend on the years of experience and the company hiring the financial analyst. The median salary according to the U.S. Bureau of Labor Statistics is $85,660.
How to get there:
A Bachelor’s Degree in Accounting, Economics, Finance, Statistics, Mathematics and Engineering is recommended. An MBA is also required for more advanced positioning.
Once a financial analyst, you will have to decide if you rather be on the buy-side or the sell-side. Buy-side analysts develop investment strategies for companies. These companies include mutual funds, hedge funds, insurance companies, independent money managers, and nonprofit organizations. Sell-side analysts advise sales agents who sell stocks, bonds, and other investments.
Confident and enthusiastic
Decision making skills
Fluent in speech
Types of Financial Analysts:
The different types of financial analysts are the following:
-portfolio managers: supervise a team of analysts and select the products, industries and regions for the company’s investment portfolio.
-fund managers: work with hedge funds or mutual funds.
-rating analysts: evaluate the ability of governments and companies to pay their debts.
-risk analysts: evaluate the risk in investment decisions.
- Composition I and Advanced Composition/Writing
- CMN 101- Public Speaking
- CMN 211- Business Communication
- ECON 440- Economics of Labor Markets
- ECON 426- Monetary Economics and Policy
- ECON 460- Financial Economics
- FIN 221- Corporate Finance
- *Actuarial Courses (MATH & FIN)
Relevant Clubs & Organizations:
- Capital Investment Group
- Finance Club
- Illini Business Financials
- Econ Club
- Econ Ambassadors