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|Overview:||Financial analysts conduct statistical analysis of data affecting investments and business operations of institutions such as banks, insurance companies, brokerage houses and industrial companies. They predict profitability of investments, pricing and marketing practices.|
|Duties:||On a daily basis, financial analysts interpret how national and international events such as politics, technology, money exchange rates, etc. can influence the prices of stocks and bonds or business transactions.
They make recommendations to clients as to which specific bonds and stocks to buy or sell based on predictions of financial status or earnings of those bonds and stocks.
If employed by a large business organization, he/she makes recommendations for pricing and marketing strategy to optomize both market share and profits for the organization.
They estimate what price or financial index measure (such as the Dow Index) certain stocks or bonds their clients should sell or buy. They recommend specific mixes of financial investment to clients.
|Degree(s):||A.A. Liberal Arts and Sciences
A.S. Liberal Arts and Sciences (Mathematics and Science)
A.A.S. Management: Marketing Concentration
A.S. Business Administration (Accounting and Marketing)
|Job Outlook:||Employment of financial analyst is expected to grow faster than average through 2018. Spurring demand are increasing complexity and global diversification of investments and growth in assets under management. Companies will need more analysts to cover the range of international investment options.|
|Starting Salary:||Bonuses are awarded based on performance success. Chief financial officers have much higer earning potential in the largest firms than in small firms.|
|Salary Range (National Average):||$40,000 to $45,000|
|Education Level:||Typically, a Bachelor’s Degree from a 4-year college (some are 5 years) is required to be considered for this occupation.|
|Additional Training/Education:||For starting positions a bachelor's degree in accounting, finance or business administration coupled with computer skills is the appropriate educational background. A master's degree is becoming increasingly more important. Professional certification is accomplished by passing three examinations in order to be designated as a Chartered Financial Analyst.|
Understanding acquiring positions in this field may be enhanced through continuing academic study (i.e. earning a baccalaureate or a master's degree) and/or work experience in the field, Queensborough Community College has established transfer agreements with other institutions for students who wish to further pursue their educational goals. Students are highly encouraged to meet with one of our Career Services Advisor to fully understand the opportunities available through study in their degree program.