Financial Analysts

Career Description: Conduct quantitative analyses of information affecting investment programs of public or private institutions.

Industry: Business and Financial Operations

Other Job Titles for Financial Analysts:

• Realistic: Realistic occupations frequently involve work activities that include practical, hands-on problems and solutions. They often deal with plants, animals, and real-world materials like wood, tools, and machinery. Many of the occupations require working outside, and do not involve a lot of paperwork or working closely with others.
• Investigative: Investigative occupations frequently involve working with ideas, and require an extensive amount of thinking. These occupations can involve searching for facts and figuring out problems mentally.
• Artistic: Artistic occupations frequently involve working with forms, designs and patterns. They often require self-expression and the work can be done without following a clear set of rules.
• Social: Social occupations frequently involve working with, communicating with, and teaching people. These occupations often involve helping or providing service to others.
• Enterprising: Enterprising occupations frequently involve starting up and carrying out projects. These occupations can involve leading people and making many decisions. Sometimes they require risk taking and often deal with business.
• Conventional: Conventional occupations frequently involve following set procedures and routines. These occupations can include working with data and details more than with ideas. Usually there is a clear line of authority to follow.
• First Interest High-Point: Primary-Rank Descriptiveness
• Second Interest High-Point: Secondary-Cutoff/Rank Descriptiveness
• Third Interest High-Point: Tertiary-Cutoff/Rank Descriptiveness

• Assemble spreadsheets and draw charts and graphs used to illustrate technical reports, using computer.
• Analyze financial information to produce forecasts of business, industry, and economic conditions for use in making investment decisions.
• Maintain knowledge and stay abreast of developments in the fields of industrial technology, business, finance, and economic theory.
• Interpret data affecting investment programs, such as price, yield, stability, future trends in investment risks, and economic influences.
• Monitor fundamental economic, industrial, and corporate developments through the analysis of information obtained from financial publications and services, investment banking firms, government agencies, trade publications, company sources, and personal interviews.
• Recommend investments and investment timing to companies, investment firm staff, or the investing public.
• Determine the prices at which securities should be syndicated and offered to the public.
• Prepare plans of action for investment based on financial analyses.
• Evaluate and compare the relative quality of various securities in a given industry.
• Present oral and written reports on general economic trends, individual corporations, and entire industries.
• Contact brokers and purchase investments for companies, according to company policy.
• Collaborate with investment bankers to attract new corporate clients to securities firms.
• Act as liaisons between minority placement agencies and employers, or between job search committees and other equal opportunity administrators.
• Consult with community representatives to develop technical assistance agreements in accordance with governmental regulations.
• Meet with job search committees or coordinators to explain the role of the equal opportunity coordinator, to provide resources for advertising, and to explain expectations for future contacts.
• Participate in the recruitment of employees through job fairs, career days, and advertising plans.
• Inform health professionals, property owners, and the public about harmful properties and related problems of water pollution and contaminated wastewater.
• Analyze and implement state, federal or local requirements as necessary to maintain approved pretreatment, pollution prevention, and storm water runoff programs.
• Perform laboratory tests on samples collected, such as analyzing the content of contaminated wastewater.
• Review and evaluate applications for registration of products containing dangerous materials, or for pollution control discharge permits.
• Research and perform calculations related to landscape allowances, discharge volumes, production-based and alternative limits, and wastewater strength classifications, then make recommendations and complete documentation.
• Participate in the development of spill prevention programs and hazardous waste rules and regulations, and recommend corrective actions for hazardous waste problems.
• Maintain and repair materials, worksites, and equipment.
• Conduct research on hazardous waste management projects in order to determine the magnitude of problems, and treatment or disposal alternatives and costs.
• Respond to questions and inquiries, such as those concerning service charges and capacity fees, or refer them to supervisors.

Emerging Tasks

• Interview persons involved in equal opportunity complaints to verify case information.
• Meet with persons involved in equal opportunity complaints to arbitrate and settle disputes.
• Prepare reports related to investigations of equal opportunity complaints.

• Analyzing Data or Information: Identifying the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.
• Assisting and Caring for Others: Providing personal assistance, medical attention, emotional support, or other personal care to others such as coworkers, customers, or patients.
• Coaching and Developing Others: Identifying the developmental needs of others and coaching, mentoring, or otherwise helping others to improve their knowledge or skills.
• Communicating with Persons Outside Organization: Communicating with people outside the organization, representing the organization to customers, the public, government, and other external sources. This information can be exchanged in person, in writing, or by telephone or e-mail.
• Communicating with Supervisors, Peers, or Subordinates: Providing information to supervisors, co-workers, and subordinates by telephone, in written form, e-mail, or in person.
• Controlling Machines and Processes: Using either control mechanisms or direct physical activity to operate machines or processes (not including computers or vehicles).
• Coordinating the Work and Activities of Others: Getting members of a group to work together to accomplish tasks.
• Developing and Building Teams: Encouraging and building mutual trust, respect, and cooperation among team members.
• Developing Objectives and Strategies: Establishing long-range objectives and specifying the strategies and actions to achieve them.
• Documenting/Recording Information: Entering, transcribing, recording, storing, or maintaining information in written or electronic/magnetic form.
• Drafting, Laying Out, and Specifying Technical Devices, Parts, and Equipment: Providing documentation, detailed instructions, drawings, or specifications to tell others about how devices, parts, equipment, or structures are to be fabricated, constructed, assembled, modified, maintained, or used.
• Establishing and Maintaining Interpersonal Relationships: Developing constructive and cooperative working relationships with others, and maintaining them over time.
• Estimating the Quantifiable Characteristics of Products, Events, or Information: Estimating sizes, distances, and quantities; or determining time, costs, resources, or materials needed to perform a work activity.
• Evaluating Information to Determine Compliance with Standards: Using relevant information and individual judgment to determine whether events or processes comply with laws, regulations, or standards.
• Getting Information: Observing, receiving, and otherwise obtaining information from all relevant sources.
• Guiding, Directing, and Motivating Subordinates: Providing guidance and direction to subordinates, including setting performance standards and monitoring performance.
• Handling and Moving Objects: Using hands and arms in handling, installing, positioning, and moving materials, and manipulating things.
• Identifying Objects, Actions, and Events: Identifying information by categorizing, estimating, recognizing differences or similarities, and detecting changes in circumstances or events.
• Inspecting Equipment, Structures, or Material: Inspecting equipment, structures, or materials to identify the cause of errors or other problems or defects.
• Interacting With Computers: Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.
• Interpreting the Meaning of Information for Others: Translating or explaining what information means and how it can be used.
• Judging the Qualities of Things, Services, or People: Assessing the value, importance, or quality of things or people.
• Making Decisions and Solving Problems: Analyzing information and evaluating results to choose the best solution and solve problems.
• Monitor Processes, Materials, or Surroundings: Monitoring and reviewing information from materials, events, or the environment, to detect or assess problems.
• Monitoring and Controlling Resources: Monitoring and controlling resources and overseeing the spending of money.
• Operating Vehicles, Mechanized Devices, or Equipment: Running, maneuvering, navigating, or driving vehicles or mechanized equipment, such as forklifts, passenger vehicles, aircraft, or water craft.
• Organizing, Planning, and Prioritizing Work: Developing specific goals and plans to prioritize, organize, and accomplish your work.
• Performing Administrative Activities: Performing day-to-day administrative tasks such as maintaining information files and processing paperwork.
• Performing for or Working Directly with the Public: Performing for people or dealing directly with the public. This includes serving customers in restaurants and stores, and receiving clients or guests.
• Performing General Physical Activities: Performing physical activities that require considerable use of your arms and legs and moving your whole body, such as climbing, lifting, balancing, walking, stooping, and handling of materials.
• Processing Information: Compiling, coding, categorizing, calculating, tabulating, auditing, or verifying information or data.
• Provide Consultation and Advice to Others: Providing guidance and expert advice to management or other groups on technical, systems-, or process-related topics.
• Repairing and Maintaining Electronic Equipment: Servicing, repairing, calibrating, regulating, fine-tuning, or testing machines, devices, and equipment that operate primarily on the basis of electrical or electronic (not mechanical) principles.
• Repairing and Maintaining Mechanical Equipment: Servicing, repairing, adjusting, and testing machines, devices, moving parts, and equipment that operate primarily on the basis of mechanical (not electronic) principles.
• Resolving Conflicts and Negotiating with Others: Handling complaints, settling disputes, and resolving grievances and conflicts, or otherwise negotiating with others.
• Scheduling Work and Activities: Scheduling events, programs, and activities, as well as the work of others.
• Selling or Influencing Others: Convincing others to buy merchandise/goods or to otherwise change their minds or actions.
• Staffing Organizational Units: Recruiting, interviewing, selecting, hiring, and promoting employees in an organization.
• Thinking Creatively: Developing, designing, or creating new applications, ideas, relationships, systems, or products, including artistic contributions.
• Training and Teaching Others: Identifying the educational needs of others, developing formal educational or training programs or classes, and teaching or instructing others.
• Updating and Using Relevant Knowledge: Keeping up-to-date technically and applying new knowledge to your job.

Detailed Work Activities

• advise clients on financial matters
• analyze financial data
• analyze financial information to project future revenues or expense
• analyze market conditions
• analyze scientific research data or investigative findings
• analyze social or economic data
• compile data for financial reports
• compute financial data
• conduct financial investigations
• create mathematical or statistical diagrams or charts
• evaluate degree of financial risk
• follow tax laws or regulations
• gather relevant financial data
• identify financial risks to company
• interpret charts or tables for social or economic research
• make presentations on financial matters
• perform general financial analysis
• prepare financial reports
• use computers to enter, access and retrieve financial data
• use knowledge of economic trends
• use spreadsheet software
• use statistical cost estimation methods
• review civil rights laws
• understand government labor or employment regulations
• use interviewing procedures
• use knowledge of investigation techniques
• use oral or written communication techniques
• verify investigative information
• prepare safety reports
• prepare technical reports or related documentation
• recognize public safety hazards
• recommend action to ensure compliance
• record test results, test procedures, or inspection data
• review laws
• use government regulations
• use hazardous disposal techniques
• use hazardous materials information
• use interviewing procedures
• use knowledge of environmental laws and regulations
• use knowledge of investigation techniques
• use knowledge of relevant laws
• use oral or written communication techniques
• use pollution control techniques
• use public speaking techniques
• verify investigative information

Overall Experience
A minimum of two to four years of work-related skill, knowledge, or experience is needed for these occupations. For example, an accountant must complete four years of college and work for several years in accounting to be considered qualified.

Job Training
Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.

Education
Most of these occupations require a four - year bachelor's degree, but some do not.

Examples
Many of these occupations involve coordinating, supervising, managing, or training others. Examples include accountants, human resource managers, computer programmers, teachers, chemists, and police detectives.

• Average hourly wage (2007) -$33.85
• Average annual wage (2007) - $70,400.00

• Projected growth (2006-2016): 33.82%
• Projected need (2006-2016): 74,589
• Employment (2006): 220,568

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