#1 - Financial Analyst:
A financial analyst is a professional who creates financial models and forecasts the prospects of the company’s financial statements. They use different financial analysis tools and methods to decipher SEC filings and gain insights from them. In addition, they also study the impact of business decisions on future performance as well. They are hired more by well-known companies like JPMorgan Chase, WellFargo, Amazon, Deloitte, etc..
In fact, many companies like Google, Microsoft, Tesla, Apple, and other large organizations also hire individuals who complete a financial analyst training program. For the position offered, the financial analyst salary is around $60,885 and $73,500 annually as of June 27, 2024, depending on the seniority level.
#2 - Equity Research Analyst:
Equity research analysts are mainly concerned with the equity-related data of the firm. They analyze financial information along with the different trends of the peers and industries. Later on, they prepare an equity research report based on their analysis conducted and give an opinion (verdict) on companies and investments held primarily by clients.
Some of the popular hiring companies include Goldman Sachs, Morningstar, Barclays, and CRISIL,. They earn around $109,138 per year plus some additional benefits.
#3 - Private Equity Analyst:
This is another sub-category of equity analysts that is more connected with private firms. Here, analysts conduct research, forecast the performance of private firms (not listed on the stock exchange), do ratio analysis, and give interpretations on private companies. A private equity analyst looks at undervalued companies so that an investor can buy the company, take it personally, and earn profits.
Usually, financial analysis jobs are posted by Goldman Sachs, Blackstone, General Atlantic, and other private equity firms. The average salary earned by a private equity analyst is $94,303 annually as of June 27, 2024.
#4 - Credit Analyst:
Credit analysts facilitate credit risk management by measuring the creditworthiness of the individual or a firm. They are responsible for assessing risks associated with the credit provided to them. Banks, credit card companies, credit rating agencies, and investment companies generally employ them.
Some popular banks that hire credit analysts include CitiGroup, American Express, Barclays, HSBC, and others. Here, the salary prospects range between $52,979 and $65,732 annually.
#5 - Actuarial Analyst:
In general, actuarial analysts are professionals who use statistical models to evaluate and evaluate risk in many industries, including insurance, healthcare, and finance. They use such analysis to design and price insurance policies. Such professionals are mostly hired by business giants like EY, Accenture, Mercer, Aon, Swiss Re, and a few others. For this job, they get paid around $80,200 on average annually as of June 27, 2024.
#6 - FP&A Analyst:
A Financial Planning & Analysis (FP&A) analyst is a professional who analyzes the various parts of the corporate industry to project 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, like the CFO & CEO, etc.
In normal stances, the annual salary of a beginner in this field is between 60,890 and 73,510. However, with more years of experience, it could rise to further. Generally, companies like JPMorgan Chase, Amazon, Wells Fargo, and Deloitte hire FP&A analysts.
#7 - Treasury Analyst:
Treasury analysts are finance professionals who track the company’s financials and actions performed. They monitor the employer’s financial activity, including cash flow, income, credit, and liquid assets. Additionally, they also take care of budgets, expenses, and business plans to determine the effective utilization of resources.
Firms like Franklin Templeton Investments, State Street, Juniper Networks, IBM, Trafigura, and Wells Fargo hire treasury analysts.. As of June 27, 2024, the average salary of a treasury analyst is $64,419 annually, which is subject to change with experience and time.
#8 - Investment Banker:
Investment banking analysts have a similar job profile as equity analysts. However, they mostly run parallel with investment banking firms. For instance, they prepare financial models, perform financial analyses of companies, and likewise advise clients on buy or sell decisions. In addition, they also prepare pitchbooks for client meetings, including M&A and LBO pitchbooks. Some of the large investment banks like CitiGroup, JP Morgan Chase, HSBC, Credit Suisse, and others provide a high salary of $80,245 annually to analysts.
Expertise
Aspiring financial analysts