Financial Analysts (Mobilty)

Discussion in 'Business, Careers & Education' started by Thearkly, Dec 28, 2013.

  1. Thearkly

    Thearkly Senior member

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    I have been reading up on Sell/Buy-side financial analysts. Could anyone provide more information from their experiences and comment on the duties, what kind of institution you work at, and upward mobility.

    Is a financial analyst something that a person would want to have as a career.
     
  2. Onetwobit

    Onetwobit Well-Known Member

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    When you use the term "Financial Analyst" it typically refers to someone working on the corporate side of the house. So this wouldn't be considered a front office role. This is what they call Corporate Finance.

    I'm generalizing here, but I have a feeling you are referring to investment banking analysts, equity research analysts, hedge fund analysts, etc, opposed to a true "Financial Analyst".

    To answer the question you AREN'T asking, a FA might be involved in everything from ad hoc for MD's / VP's, budgeting & forecasting, FP&A (reporting), account reconciliation, etc. You will likely NOT be client facing.

    First year analyst salary is usually 50-60k, and depending on where you live it could reach ~70k. 10% bonus could be considered aggressive albeit being fairly standard at my firm.

    As for mobility / hierarchy structure, it's fairly limited and not as lucrative. Analyst for 2-4 years > Senior Analyst > Director of Region / Project / Division > UP or Lateral

    Know that corporate finance is an alternative to investment banking / hedge funds / consulting, and is much easier to break into. Also note that Corporate Strategy might is referred to as Corporate Finance, however this is a different beast not classified by info above.
     
    Last edited: Dec 28, 2013
  3. Thearkly

    Thearkly Senior member

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    "FA might be involved in everything from ad hoc for MD's / VP's, budgeting & forecasting, FP&A (reporting), account reconciliation, etc."

    Can I move out as a hedge fund analyst. Maybe, you can provide more insight than the articles I am reading (they suck).

    It sounds like a Financial Analyst does more number crunching than a hedge analyst or equity research analyst.
     
  4. Prem Merp

    Prem Merp New Member

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    I too am finding myself in a bind. Ive graduated for about 2 years now, and the job market has been so bad that I haven't found a job. Ive recently joined New York Life, as a Life insurance agent, but damn its not as lucrative as they make it sound. The benefit (albeit, it is a long few years before Im there) is that there is a method of becoming a Financial advisor, taking series 6-66-63 and series 7 exams. So im lost between that or going for a masters in business. Though both may proove to be more difficult than I expect. Any insight guys, for a person aspiring to create a financially well future?
     
  5. Thearkly

    Thearkly Senior member

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    I think you can do your master while you do your life insurance thing. My friend, an undergrad, got his series 7 his Junior year through one of those insurance things.
     
  6. Flambeur

    Flambeur Senior member

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    No, you're generalizing. It depends on position, company, specialty/sector, etc. A "financial analyst" can mean just about anything.
     
  7. Prem Merp

    Prem Merp New Member

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    Yea I think your right. They claim that there is alot of time in your hands. Well lets see, I haven't had much luck in this insurance business. How is your friend doing btw?
     
  8. Thearkly

    Thearkly Senior member

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    What do you mean how is he doing? He is still in school doing the Primerica thing.
     

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