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Financial Analysts Go Back to List
Conduct quantitative analyses of information affecting investment programs of public or private institutions.
 Tools & Technology
 Tools used in this occupation:
 
  • Notebook computers
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  • Personal digital assistant PDAs or organizers
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  • Desktop computers
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  • Personal computers
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  • Tablet computers
  •  Technology used in this occupation:
     
  • Financial analysis software
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  • Analytical or scientific software
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  • Enterprise resource planning ERP software
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  • Data base user interface and query software
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  • Business intelligence and data analysis software
  •  Tasks
     
  • Draw charts and graphs, using computer spreadsheets, to illustrate technical reports.
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  • Inform investment decisions by analyzing financial information to forecast business, industry, or economic conditions.
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  • Monitor developments in the fields of industrial technology, business, finance, and economic theory.
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  • Interpret data on price, yield, stability, future investment-risk trends, economic influences, and other factors affecting investment programs.
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  • Monitor fundamental economic, industrial, and corporate developments by analyzing information from financial publications and services, investment banking firms, government agencies, trade publications, company sources, or personal interviews.
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  • Recommend investments and investment timing to companies, investment firm staff, or the public.
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  • Determine the prices at which securities should be syndicated and offered to the public.
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  • Prepare plans of action for investment, using financial analyses.
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  • Evaluate and compare the relative quality of various securities in a given industry.
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  • Present oral or written reports on general economic trends, individual corporations, and entire industries.
  •  Skills
     
  • Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
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  • Reading Comprehension - Understanding written sentences and paragraphs in work related documents.
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  • Active Listening - Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
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  • Mathematics - Using mathematics to solve problems.
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  • Writing - Communicating effectively in writing as appropriate for the needs of the audience.
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  • Speaking - Talking to others to convey information effectively.
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  • Judgment and Decision Making - Considering the relative costs and benefits of potential actions to choose the most appropriate one.
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  • Active Learning - Understanding the implications of new information for both current and future problem-solving and decision-making.
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  • Complex Problem Solving - Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
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  • Monitoring - Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action.
  •  Knowledge
     
  • Economics and Accounting - Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
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  • English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
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  • Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
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  • Computers and Electronics - Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
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  • Communications and Media - Knowledge of media production, communication, and dissemination techniques and methods. This includes alternative ways to inform and entertain via written, oral, and visual media.
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  • Customer and Personal Service - Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
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  • Law and Government - Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
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  • 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.
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  • Sales and Marketing - Knowledge of principles and methods for showing, promoting, and selling products or services. This includes marketing strategy and tactics, product demonstration, sales techniques, and sales control systems.
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  • Psychology - Knowledge of human behavior and performance; individual differences in ability, personality, and interests; learning and motivation; psychological research methods; and the assessment and treatment of behavioral and affective disorders.
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     Education & Training
      Education:   Most of these occupations require a four-year bachelor's degree, but some do not.
      Related Experience:   A considerable amount 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.
      View Related Programs on Connecticut's Education & Training ConneCTion site.
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     Wage Information
     
    Region Average Entry Level  Mid-Range 
    Annual  Hourly 
    Statewide $111,063.00 $53.40  $30.25  $34.07 - $59.88 
    Bridgeport/Stamford $126,964.00 $61.04  $33.26  $38.56 - $72.83 
    Danbury $99,806.00 $47.98  $32.57  $36.12 - $55.06 
    Hartford $96,315.00 $46.31  $29.65  $32.72 - $50.10 
    New Haven $77,771.00 $37.38  $24.57  $27.72 - $45.04 
    New London/Norwich $93,304.00 $44.86  $26.04  $28.94 - $47.88 
    Waterbury $98,989.00 $47.59  $29.01  $32.50 - $51.69 
    Torrington $142,763.00 $68.64  $34.80  N/A - N/A 
     Occupation Outlook ( 2016 - 2026 )
    Average Annual Job Openings:   614
      Employment in this occupation is expected to grow faster than average, and the number of annual openings will offer excellent job opportunities.
    ONET Resource Center Some of the occupational information on this page is formulated from O*NETTM v17.0 data. O*NETTM is a trademark of the U.S. Department of Labor, Employment and Training Administration.
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