Looking for a career change? If you are good with numbers and have an affinity for computers, then the life of a financial analyst might be for you.
Why choose a life in financial analysis? This rewarding career comes with the two things all jobseekers love: flexibility and a good paycheque. In some cases this a job which you might perform remotely. You will spend your days helping people better manage their businesses, operating even on an executive level. There are lots of benefits to this line of work. Let’s examine them to see if a job in financial analytics is right for you.
What does a Financial Analyst do?
Before we go much further, understanding what the job entails will help you understand if you want a career in it or not. Financial analysts graduate in business, mathematics, and/or computing, or a mixture of all three. The job allows you to provide a scalable financial solution for small, medium, and large companies. You will be responsible for creating financial models to fit the company needs, and recommend next steps to take.
The Best Benefits About a Career as a Financial Analyst
If you are thinking of retraining, Finance Analyst Jobs offer exemplary salaries coupled with a richly rewarding job where you get to problem solve. Here are other benefits of this career path that you might enjoy.
Your New Salary
As a financial analyst, you will have an entry level position close to or above £30,000 PA, depending on who you work for. This will rise as you gain experience, and don’t be afraid to go to the highest bidder. You could earn £55,000 average salary, or the upper end of this job, which pays as much as £70,000. There may be bonuses and the client will pay if you need to go anywhere on their behalf. If you stay in the position for many years you will end up substantially better off than in most IT roles.
Junior Positions Pay Well
Even entry level positions earn more than most civil servants.
You Can See The World
Forgetting salary for a moment, a financial analyst role might mean that you need to travel. Since the digital age sees companies head hunting for the best people from a global talent pool, you might end up working with a firm in Tokyo, or New York. You could end up in Dubai, Europe, or London. Wherever you end up, your employer will pay for the privilege. You will get your travel money reimbursed, your meals paid, an allowance per day, and lots of other perks. Not only can you see the world, but you can do it on someone else’s dime.
Opportunities for Advancement
There are at least three levels of financial analyst in any organisation that uses one. There is the junior level, then the trained analyst level, and lastly the senior financial analysts. The seniors are paid most but also take on the greatest level of responsibility. Once you are at the top of the tree, there are advancement opportunities into your own business. You can operate as a consultant and charge what you like.
Opportunities for Training
As well as having opportunities to advance within the workplace and career path, the financial analyst is a fintech role. Wherever finance meets technology, there is the potential for huge evolutions. As our tech skills get better, this job will change. A smart employer will send you to as many new training courses as they can, to keep you the best of the best. The more skills you have, the more your services are worth. Take all the training you can get and your career will advance by itself.
It’s Rewarding Work
No matter who the client is, it is your job to add a positive change to their financial forecasts. You could be focused on solutions for clients in debt, helping those who have a little nest egg earn more, or help hedge fund managers develop strategies that help their clients get richer. You make money, they make money, and best of all is the positive impact you have on changing their lives for the better.
Is a Career in Financial Analytics Right for You?
If you have the drive to use your skills in math to help people, then a financial analyst job could be perfect for you. Train in computing, mathematics, finance, and business to land this role. If this is the right career for you, you might never turn back. It could even lead to bigger, better things.