1. Reasons to choose a financial analyst job
  2. Financial analyst role and responsibilities
  3. What are the qualifications required to become a financial analyst?
  4. Financial analyst salary in India

Similar to personal finance, companies, banks, and other financial institutions are also on the constant lookout to optimize their investment strategies. To ensure good investments, organizations require an expert in the domain, aka a Financial analyst.

In this blog, we will not only talk about financial analyst salary but also a financial analyst's role and responsibilities along with educational qualifications. There’s something for everyone!

Let’s begin!

Reasons to choose a financial analyst job

First things first, why should you opt for a financial analyst career? In this segment, we will take you through the reasons to become a financial analyst.

Great job opportunities

There is a great demand for financial analysts across industries like commercial companies, investment funds, brokerage firms, etc.

According to the US Bureau of labor statistics, there is likely to be a 6% growth between 2020-2030 in the employment rate of financial analysts which clearly indicates the great demand for job opportunities across sectors.

Stable growth

You will be able to work across market conditions and have great stability despite the fears of an economic crisis.

As a financial analyst, you will need to analyze the varied financial products and explain it to the target audience to help them make the right investment choice.

Well defined job responsibilities

Choosing a career path can be extremely tricky which only gets tough with undefined job responsibilities.

However, financial analyst roles and responsibilities are well defined irrespective of industries, which can give you clarity on whether or not you will find this career suitable.

Great salary package

The final reason for becoming a financial analyst is the handsome pay package it presents. With constant changes in the market and innovations in technologies, the demand for financial analysts will be high. Naturally, this leads to higher salaries to retain them.

We will talk about the financial analyst salary in greater length later in this article.

Financial analyst role and responsibilities

Now, just wanting to become a financial analyst is not enough, you need to understand what they actually do in the job. Financial analysts play a very crucial role in an organization’s daily affairs.

In this section, we will take you through a financial analyst’s responsibilities.

Collect and organize information

A financial analyst needs to find, collect and organize a huge amount of information relevant to the industry and business.

They utilize their research skills to review internal databases along with government reports and put them in their organization's databases.

Examine and analyze financial statements

Another important financial analyst responsibility involves reviewing the financial statements of the organization. These statements hold a lot of important information about the company and estimate its valuation which serves as the company's performance benchmark.

Suggest investment tools

Once the research is done, developing a market forecast and how the company will perform makes for an important financial analyst responsibility.

Utilizing their knowledge along with financial calculations, a financial analyst recommends portfolios with reports to back up the investment recommendations.

What are the qualifications required to become a financial analyst?

To become a financial analyst, you need to know the required qualifications. To become a financial analyst, you need to have at a minimum a bachelor's degree in Accounting, Economics, or Statistics.

In addition to this, you can pursue either a Master's degree in Finance or an MBA as these degrees increase a candidate's value to employers.

Financial analyst salary in India

In this segment, we will go through the financial analyst salary in India. Salaries are based on various factors like experience, skills, location, the company’s budget, etc.

For example, candidate A can be offered a higher starting package than candidate B if the former has a more relevant skill set required for the job.

AmbitionBox records the average financial analyst salary in India as INR 4LPA.

Financial analyst salary based on location

When creating a budget for a financial analyst’s salary every company has to factor in the location aspect. Here are a few factors responsible for determining the financial analyst salary by location:

  • Cost of Living
  • Demand for the job role in the city

So, based on these factors, here’s what the top metropolitan cities offer for a financial analyst salary.

  • In Bengaluru, the financial analyst salary is approximately INR 4.4LPA.

  • In Mumbai, the financial analyst salary is approximately INR 3.5LPA.

  • In Delhi, the financial analyst salary is approximately INR 4.6LPA.

Financial analyst salary based on experience

Every company keeps an allocated budget for different job roles based on various factors such as work experience, certified skills, etc.

Let’s find out the financial analyst salary based on work experience.

Companies paying the highest financial analyst salary

In this section, we will take you through the companies that pay the highest financial analyst salary in India.

To conclude, before selecting your career as a financial analyst, make sure you have completely understood a financial analyst’s responsibilities and not just look at the handsome financial analyst salary.

Apart from these, make sure to get your financial analyst resume right.

All the Best!

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