If you are a finance major, or already have a degree in finance, you know the importance of a financial analyst certification. Many employers specifically look for certification when hiring. Certification always improves your professional standing in this field. Being certified will also increase your self confidence, bring you greater recognition in your job, and advance you towards a higher salary. Through 2016, job growth in this area is expected to be at least 37% for financial analysts and advisors. 13% growth is predicted for financial managers through 2016. Be prepared! There are many ways you can train for a top salary.
Know where you will be needed. Investment banks, insurance companies, and businesses that prepare pension and mutual funds always need financial analysts. Areas of industry, like securities, energy, or technology also need these analysts who can study investments and advise them accordingly. Any place that needs someone to evaluate finances, identify trends, and predict market behavior will need these analysts. Large companies, both public and private, hire financial analysts. Any training you can complete, especially with financial analyst certification, will greatly influence your salary in this field. In 2008-2009, the average salary for a financial analyst was $66,500.
The top 10% of these analysts made $130,000 in 2008-2009, and the bottom 10% made $40,000. Even with the recent downturn of the market in investment banking, the finance industry still contains professionals who make among the highest wages in commercial endeavors. Acquiring a certification also ensures your salary potential. Knowing how to effectively and efficiently use Excel spreadsheets, and software will ensure your ability to secure a top paying job as an analyst in finance. You can help a small business understand trends and how to adjust to them. You can help the same business look good to its observers with a current financial analysis.
Banks, investors, and others on the outside of a company, whether small or large, use financial analysis to measure a company’s success. When you are a top salary earner with a financial analyst certification, you will be able to assess a company’s liquidity, profitability, and leverage against other companies. This is imperative to aid the company in meeting goals and competition with other companies. Overseeing the preparation of financial reports, guiding investment activities, and implementing cash management techniques are invaluable to a business. As an analyst in finance, you will do all of these for a business, so make sure your training includes this knowledge.