A senior financial analyst is responsible for creating investment forecasts and generating ideas that will help a company effectively manage its portfolio. The senior financial analyst may direct a team of junior analysts while working as part of a team with other senior managers within the company. Those who work as senior financial analysts will do most of their work in an office setting and could potentially expect to work more than 40 hours per week.
Requirements for Sr. Financial Analyst Jobs
Those who wish to become senior financial analysts should have a strong academic and professional background. Most companies will require their analysts to have a four-year degree from an upper-tier university. In addition to a four-year degree, job candidates will be expected to have up to five years of relevant experience in the field. In some cases, analysts managing an individual's portfolio may not face such stringent requirements.
Senior Financial Analyst Jobs Salary
According to the Bureau of Labor Statistics, the median salary for a senior financial analyst is $76,950, or roughly $37 per hour. However, it may be possible to earn up to $90,000 a year or more depending on the specific job description, the size of the company and where the company is located.
Job Outlook for Senior Financial Analysts
The job market for senior financial analysts is expected to grow over the next several years. The Bureau of Labor Statistics expects available jobs to grow 16 percent through 2022 as new and complex financial instruments become available. As the financial sector grows, there will be a need for experts who are able to analyze and forecast how a company can best use these investment products to improve the health of the company investment portfolio.