#1 - Financial Analyst:
A financial analyst is a finance professional who usually creates financial models and forecasts the financial statements of a company. They employ financial analysis tools and methods to interpret SEC filings. Technically, they are hired more by well-known companies like JPMorgan Chase, WellFargo, Amazon, Deloitte, and similar organizations.
In fact, many companies like Google, Microsoft, Tesla, Apple, and other large organizations hire financial analysts. For the position offered, the financial analyst's salary is between $60,885 and $73,500 annually as of June 27, 2024, depending on the seniority level. Individuals who have completed a certificate course for financial analysts may have scope to negotiate a higher salary.
#2 - Equity Research Analyst:
Equity research analysts mainly analyze financial information along with the different trends of the various organizations and industries and later give an opinion in their equity research report based on the analysis conducted. Additionally, they give suggestions to clients regarding their investment decisions.
Some of the popular hiring companies include Goldman Sachs, MorningStar, Barclays, CRISIL, and others. They earn $109,417 per year on average, plus some additional benefits as of June 27, 2024.
#3 - Private Equity Analyst:
It is just a sub-category of equity analysts that is more connected with private firms. It means analysts here conduct research, forecast the performance of private firms (not listed on the stock exchange), do ratio analysis, and give interpretations on private companies. Among financial analysis jobs, private equity analyst looks at undervalued companies so that an investor can buy the companyand earn profits.
They are mostly hired by Goldman Sachs, Blackstone, General Atlantic, and other private equity firms. The average salary is $94,303 as of June 27, 2024, on an annual basis. A financial analysis certification can help one get a high salary.
#4 - Credit Analyst:
Individuals choosing this financial analysis career path facilitate credit risk management by measuring the creditworthiness of the individual or a firm. Banks, credit card companies, rating agencies, and investment companies generally employ them.
Some popular banks that hire credit analysts include CitiGroup, American Express, Barclays, HSBC, and others. In this case, the salary ranges between $52,979 and $65,732 annually.
#5 - Actuarial Analyst:
In general, actuarial analysts are professionals who use statistical models to evaluate and assess risk in many industries, including insurance, healthcare, and finance. They use this analysis further to design and price insurance policies. They get paid $80,200 annually as of June 27, 2024, for the responsibility fulfilled. Such professionals are mostly hired by giants like EY, Accenture, Mercer, Aon, Swiss Re, and a few others.
#6 - FP&A Analyst:
A Financial Planning & Analysis (FP&A) analyst is responsible for analyzing the various parts of the corporate industry for projecting the future financials and cash flow of the business industry. They work closely with the executive teams and help in strategic decision-making for the board of directors, which includes the CFO & CEO, etc.
In normal circumstances, the average salary per year of a beginner choosing this financial analysis career path ranges between $61,399 and $74,116 as of June 27, 2024. However, with more years of experience and skills gained through programs like this financial analysis certification, it can rise further annually. Generally, companies like JPMorgan Chase, Amazon, Wells Fargo, and Deloitte are a few of them.
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