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Job & Career ConneCTion Home   Occupation Profile May 22, 2013  
 
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FINANCIAL ANALYSTS
 
Occupation Description:
 
  Conduct quantitative analyses of information affecting investment programs of public or private institutions.
 
Typical Tasks:
 
 
  • Analyze financial information to produce forecasts of business, industry, and economic conditions for use in making investment decisions.
  • Assemble spreadsheets and draw charts and graphs used to illustrate technical reports, using computer.
  • Evaluate and compare the relative quality of various securities in a given industry.
  • Interpret data affecting investment programs, such as price, yield, stability, future trends in investment risks, and economic influences.
  • Maintain knowledge and stay abreast of developments in the fields of industrial technology, business, finance, and economic theory.
  • 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.
  • Prepare plans of action for investment based on financial analyses.
 
Skills:
 
 
  • Reading Comprehension - Understanding written sentences and paragraphs in work related documents..
  • Mathematics - Using mathematics to solve problems..
  • Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems..
  • Judgment and Decision Making - Considering the relative costs and benefits of potential actions to choose the most appropriate one..
  • Active Learning - Understanding the implications of new information for both current and future problem-solving and decision-making..
  • Systems Evaluation - Identifying measures or indicators of system performance and the actions needed to improve or correct performance, relative to the goals of the system..
  • Speaking - Talking to others to convey information effectively..
 
Knowledge:
 
 
  • Economics and Accounting - Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data..
  • Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications..
  • Computers and Electronics - Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming..
  • English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar..
  • Law and Government - Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process..
  • Administration and Management - Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources..
  • Clerical - Knowledge of administrative and clerical procedures and systems such as word processing, managing files and records, stenography and transcription, designing forms, and other office procedures and terminology..
 
Search for Jobs on Connecticut's Labor Exchange (CTJOBcentral):
 
  Search for Financial Analysts Jobs
  (Please note that some searches may not produce any results.)
Education & Training:
 
  Bachelor's degree
 
      View Related Programs on Connecticut's Education & Training ConneCTion site
 
Wage Information:
 
 
Region Average Annual Average Hourly Entry Level (hourly) Mid-Range  (hourly)
Statewide Units $107,376.00 $51.63 $28.13 $31.60 - $61.18
Bridgeport/Stamford $129,080.00 $62.06 $31.40 $36.70 - $82.87
Danbury $85,632.00 $41.17 $28.10 $30.74 - $45.99
Hartford $77,804.00 $37.41 $25.64 $28.42 - $42.99
New Haven $103,614.00 $49.82 $29.88 $32.83 - $52.90
New London/Norwich $80,363.00 $38.63 $24.91 $28.56 - $44.50
Springfield, MA $84,651.00 $40.70 $24.52 $28.72 - $47.22
Waterbury $78,907.00 $37.94 $28.56 $30.86 - $43.93
Worcester, MA $75,286.00 $36.20 $24.16 $26.57 - $43.22
Torrington $123,275.00 $59.27 $33.04 $38.79 - $81.80
      
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Occupation Outlook:
 
 
Region Employment Average Annual Growth Rate Average Annual Job Openings
2010 2020
State of Connecticut 5,590 6,760 1.9% 235
 
 
Chart of Growth Rate and Annual Openings   Employment in this occupation is expected to grow much faster than average, and the number of annual openings will offer excellent job opportunities.
Key:
  N/A = Not Applicable, ***** = Over $60.00 per hour, ##### = Over $124,821
 
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