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URLhttps://www.bls.gov/ooh/business-and-financial/financial-analysts.htm
Last Crawled2026-04-18 22:03:17 (1 hour ago)
First Indexed2016-12-17 08:55:18 (9 years ago)
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Meta TitleFinancial Analysts : Occupational Outlook Handbook: : U.S. Bureau of Labor Statistics
Meta DescriptionFinancial analysts guide businesses and individuals in decisions about expending money to attain profit.
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Summary What They Do Work Environment How to Become One Pay Job Outlook State & Area Data Similar Occupations More Info Summary Please enable javascript to play this video. Video transcript available at https://www.youtube.com/watch?v=UHBmhFqWdgw. Quick Facts: Financial Analysts 2024 Median Pay $101,910 per year $48.99 per hour Typical Entry-Level Education Bachelor's degree Work Experience in a Related Occupation None On-the-job Training None Number of Jobs, 2024 429,000 Job Outlook, 2024–34 6% (Faster than average) Employment Change, 2024–34 25,100 What Financial Analysts Do Financial analysts guide businesses and individuals in decisions about expending money to attain profit. Work Environment Financial analysts work in offices. Most work full time, and some work more than 40 hours per week. How to Become a Financial Analyst Financial analysts typically need a bachelor’s degree to enter the occupation. Pay The median annual wage for financial and investment analysts was $101,350 in May 2024. The median annual wage for financial risk specialists was $106,000 in May 2024. Job Outlook Overall employment of financial analysts is projected to grow 6 percent from 2024 to 2034, faster than the average for all occupations. About 29,900 openings for financial analysts are projected each year, on average, over the decade. Many of those openings are expected to result from the need to replace workers who transfer to different occupations or exit the labor force, such as to retire. State & Area Data Explore resources for employment and wages by state and area for financial analysts. Similar Occupations Compare the job duties, education, job growth, and pay of financial analysts with similar occupations. More Information, Including Links to O*NET Learn more about financial analysts by visiting additional resources, including O*NET, a source on key characteristics of workers and occupations. What Financial Analysts Do About this section Financial analysts work in banks, pension funds, insurance companies, and other businesses. Financial analysts guide businesses and individuals in decisions about expending money to attain profit. They assess the performance of stocks, bonds, and other types of investments. Duties Financial analysts typically do the following: Recommend individual investments and collections of investments, known as portfolios Evaluate current and historical financial data Study economic and business trends Examine a company’s financial statements to determine its value Meet with company officials to gain better insight into the company’s prospects Assess the strength of the management team Prepare written reports Financial analysts evaluate opportunities to commit money for the purpose of generating profit. Financial analysts can be divided into two categories: buy-side analysts and sell-side analysts. Buy-side analysts develop investment strategies for companies that have a lot of money to invest. These companies, called institutional investors, include hedge funds, insurance companies, independent money managers, nonprofit organizations with large endowments, private equity firms, and pension funds. Sell-side analysts advise financial services sales agents who sell stocks, bonds, and other investments. Analysts may work for the business media or other research houses, which are independent from the buy and sell side. Financial analysts generally focus on trends affecting a specific geographical region, industry, or type of product. For example, they may focus on a subject area or a foreign exchange market. They must understand how economic trends, new regulations, policies, and political situations may affect investments. Investing has become more global, and some specialize in a particular country or world region. Companies want these specialists to understand the business environment, culture, language, and political conditions in the country or region that they cover. The following are examples of types of financial analysts: Financial risk specialists , also called financial risk analysts , evaluate threats to investment decisions and determine how to manage unpredictability and limit potential losses. They make investment decisions such as selecting dissimilar stocks or having a combination of stocks, bonds, and mutual funds in a portfolio. They also make recommendations to limit risk. Fund managers work exclusively with hedge funds or mutual funds. Both fund managers and portfolio managers frequently make buy or sell decisions in reaction to quickly changing market conditions. Investment analysts assess information involving investment programs or financial data of institutions, such as business valuation. They also respond to queries from clients and client advisors regarding asset allocation and alternative investment topics including hedge funds, real property, and venture capital. Portfolio managers select the mix of products, industries, and regions for their company’s investment portfolio. These managers are responsible for the overall performance of the portfolio. They are also expected to explain investment decisions and strategies in meetings with stakeholders. Ratings analysts evaluate the ability of companies or governments to pay their debts, including bonds. Based on these evaluations, a management team rates the risk of a company or government not being able to repay its bonds. Securities analysts evaluate securities markets and trends to identify high-yield assets for clients and companies. They may use resources such as bond performance reports, daily stock quotes, market and economic forecasts, and other financial statements and publications. Work Environment About this section Financial analysts may work at institutions that are based in large cities. Financial and investment analysts held about 368,500 jobs in 2024. The largest employers of financial and investment analysts were as follows: Securities, commodity contracts, and other financial investments and related activities 23% Professional, scientific, and technical services 13 Credit intermediation and related activities 12 Management of companies and enterprises 11 Insurance carriers and related activities 7 Financial risk specialists held about 60,500 jobs in 2024. The largest employers of financial risk specialists were as follows: Credit intermediation and related activities 31% Securities, commodity contracts, and other financial investments and related activities 14 Insurance carriers and related activities 13 Professional, scientific, and technical services 10 Management of companies and enterprises 9 Financial analysts work primarily in offices but may travel to visit companies or clients. Work Schedules Most financial analysts work full time and some work more than 40 hours per week. How to Become a Financial Analyst About this section Financial analysts must process a range of information in finding profitable investments. Financial analysts typically need a bachelor’s degree to enter the occupation. Education Most entry-level positions for financial analysts require a bachelor’s degree; a common  field of degree  is  business . Some employers prefer to hire job candidates who have a master’s degree. Licenses, Certifications, and Registrations The Financial Industry Regulatory Authority (FINRA) is the main licensing organization for the securities industry. A license is generally required to sell financial products, which may apply to some positions. Because most of the licenses require sponsorship by an employer, companies do not expect individuals to have these licenses before starting a job. Employers often recommend certification, which may improve the chances for advancement. Information on certifications is available from CareerOneStop . Advancement Financial analysts typically start by specializing in an investment field. As they gain experience, they may become portfolio managers and select the mix of investments for a company’s portfolio. They also may become fund managers of large investment portfolios for individual investors. Having a master’s degree in finance or business administration may improve an analyst’s chances of advancing to one of these positions. Important Qualities The following are examples of qualities that are important for these workers to perform their duties. For more information, visit the Employment Projections (EP) skills data page . Analytical skills. Financial analysts must evaluate a range of information in finding profitable investments. Communication skills. Financial analysts must be able to clearly explain their recommendations to clients. Computer skills. Financial analysts must be adept at using software to analyze financial data and trends, create portfolios, and make forecasts. Decision-making skills. Financial analysts must reach conclusions so that they can recommend whether to buy, hold, or sell a security. Detail oriented. Financial analysts must pay attention when reviewing a possible investment, as even small issues may have large implications for its health. Math skills. Financial analysts use mathematics to estimate the value of financial securities. Pay About this section Financial Analysts Median annual wages, May 2024 Financial risk specialists $106,000 Financial analysts $101,910 Financial and investment analysts $101,350 Financial specialists $82,140 Total, all occupations $49,500   The median annual wage for financial and investment analysts was $101,350 in May 2024. The median wage is the wage at which half the workers in an occupation earned more than that amount and half earned less. The lowest 10 percent earned less than $62,410, and the highest 10 percent earned more than $180,550. The median annual wage for financial risk specialists was $106,000 in May 2024. The lowest 10 percent earned less than $62,270, and the highest 10 percent earned more than $182,310. In May 2024, the median annual wages for financial and investment analysts in the top industries in which they worked were as follows: Securities, commodity contracts, and other financial investments and related activities $124,050 Professional, scientific, and technical services 100,960 Credit intermediation and related activities 99,990 Management of companies and enterprises 99,760 Insurance carriers and related activities 93,030 In May 2024, the median annual wages for financial risk specialists in the top industries in which they worked were as follows: Securities, commodity contracts, and other financial investments and related activities $132,520 Professional, scientific, and technical services 113,720 Management of companies and enterprises 107,730 Credit intermediation and related activities 103,530 Insurance carriers and related activities 102,250 Fund managers are typically compensated by fees, usually structured as a percentage of assets under management and a percentage of the fund’s annual return. Most financial analysts work full time, and some work more than 40 hours per week. Job Outlook About this section Financial Analysts Percent change in employment, projected 2024–34 Financial analysts 6% Financial and investment analysts 6% Financial risk specialists 6% Financial specialists 5% Total, all occupations 3%   Overall employment of financial analysts is projected to grow 6 percent from 2024 to 2034, faster than the average for all occupations. About 29,900 openings for financial analysts are projected each year, on average, over the decade. Many of those openings are expected to result from the need to replace workers who transfer to different occupations or exit the labor force, such as to retire. Employment Demand for financial analysts generally increases with overall economic activity. These workers will be needed to evaluate investment opportunities when new businesses are established, or as existing businesses expand. In addition, emerging markets throughout the world are providing new investment opportunities, requiring expertise in geographic regions where those markets are located. Financial analysts also will be needed to assess growing volumes of data. Their analysis will help businesses manage their finances, identify investment trends, reduce risk, and deliver new products or services to clients. Employment projections data for financial analysts, 2024–34 Occupational Title SOC Code Employment, 2024 Projected Employment, 2034 Change, 2024–34 Employment by Industry Percent Numeric SOURCE: U.S. Bureau of Labor Statistics, Employment Projections program Financial analysts — 429,000 454,000 6 25,100 — Financial and investment analysts 13-2051 368,500 389,600 6 21,100 Get data Financial risk specialists 13-2054 60,500 64,400 6 3,900 Get data State & Area Data About this section Occupational Employment and Wage Statistics (OEWS) The Occupational Employment and Wage Statistics (OEWS) program produces employment and wage estimates annually for over 800 occupations. These estimates are available for the nation as a whole, for individual states, and for metropolitan and nonmetropolitan areas. The link below goes to OEWS data maps for employment and wages by state and area. Use the dropdown boxes to select an occupation. Occupational Employment and Wage Statistics (OEWS) Profiles Projections Central Occupational employment projections are developed for all states by Labor Market Information (LMI) or individual state Employment Projections offices. All state projections data are available at www.projectionscentral.org . Information on this site allows projected employment growth for an occupation to be compared among states or to be compared within one state. In addition, states may produce projections for areas; there are links to each state’s websites where these data may be retrieved. CareerOneStop CareerOneStop includes hundreds of occupational profiles with data available by state and metro area. There are links in the left-hand side menu to compare occupational employment by state and occupational wages by local area or metro area. There is also a salary info tool to search for wages by zip code. Similar Occupations About this section This table shows a list of occupations with job duties that are similar to those of financial analysts. Occupation Job Duties ENTRY-LEVEL EDUCATION 2024 MEDIAN PAY Budget Analysts Budget analysts help public and private organizations plan their finances. Bachelor's degree $87,930 Data Scientists Data scientists use analytical tools and techniques to extract meaningful insights from data. Bachelor's degree $112,590 Financial Managers Financial managers create financial reports, direct investment activities, and develop plans for the long-term financial goals of their organization. Bachelor's degree $161,700 Insurance Underwriters Insurance underwriters evaluate insurance applications and decide whether to approve them. Bachelor's degree $79,880 Personal Financial Advisors Personal financial advisors provide advice to help individuals manage their money and plan for their financial future. Bachelor's degree $102,140 Securities, Commodities, and Financial Services Sales Agents Securities, commodities, and financial services sales agents connect buyers and sellers in financial markets. Bachelor's degree $78,140 Last Modified Date: Thursday, August 28, 2025
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[Summary](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#tab-1) - [What They Do](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#tab-2) - [Work Environment](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#tab-3) - [How to Become One](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#tab-4) - [Pay](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#tab-5) - [Job Outlook](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#tab-6) - [State & Area Data](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#tab-7) - [Similar Occupations](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#tab-8) - [More Info](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#tab-9) ## Summary Please enable javascript to play this video. [Video transcript available at https://www.youtube.com/watch?v=UHBmhFqWdgw.](https://www.youtube.com/watch?v=UHBmhFqWdgw) | Quick Facts: Financial Analysts | | |---|---| | [2024 Median Pay](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#TB_inline?height=325&width=325&inlineId=qf-wage) | \$101,910 per year \$48.99 per hour | | [Typical Entry-Level Education](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#TB_inline?height=325&width=325&inlineId=qf-education) | Bachelor's degree | | [Work Experience in a Related Occupation](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#TB_inline?height=325&width=325&inlineId=qf-experience) | None | | [On-the-job Training](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#TB_inline?height=325&width=325&inlineId=qf-training) | None | | [Number of Jobs, 2024](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#TB_inline?height=325&width=325&inlineId=qf-number-jobs) | 429,000 | | [Job Outlook, 2024–34](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#TB_inline?height=325&width=325&inlineId=qf-outlook) | 6% (Faster than average) | | [Employment Change, 2024–34](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#TB_inline?height=325&width=325&inlineId=qf-emp-change) | 25,100 | ### [What Financial Analysts Do](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#tab-2) Financial analysts guide businesses and individuals in decisions about expending money to attain profit. ### [Work Environment](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#tab-3) Financial analysts work in offices. Most work full time, and some work more than 40 hours per week. ### [How to Become a Financial Analyst](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#tab-4) Financial analysts typically need a bachelor’s degree to enter the occupation. ### [Pay](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#tab-5) The median annual wage for financial and investment analysts was \$101,350 in May 2024. The median annual wage for financial risk specialists was \$106,000 in May 2024. ### [Job Outlook](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#tab-6) Overall employment of financial analysts is projected to grow 6 percent from 2024 to 2034, faster than the average for all occupations. About 29,900 openings for financial analysts are projected each year, on average, over the decade. Many of those openings are expected to result from the need to replace workers who transfer to different occupations or exit the labor force, such as to retire. ### [State & Area Data](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#tab-7) Explore resources for employment and wages by state and area for financial analysts. ### [Similar Occupations](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#tab-8) Compare the job duties, education, job growth, and pay of financial analysts with similar occupations. ### [More Information, Including Links to O\*NET](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#tab-9) Learn more about financial analysts by visiting additional resources, including O\*NET, a source on key characteristics of workers and occupations. [What They Do -\>](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#tab-2) ## What Financial Analysts Do [About this section](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#TB_inline?height=325&width=325&inlineId=about-what-they-do) ![Financial analysts](https://www.bls.gov/ooh/images/1758.jpg) Financial analysts work in banks, pension funds, insurance companies, and other businesses. Financial analysts guide businesses and individuals in decisions about expending money to attain profit. They assess the performance of stocks, bonds, and other types of investments. ### Duties Financial analysts typically do the following: - Recommend individual investments and collections of investments, known as portfolios - Evaluate current and historical financial data - Study economic and business trends - Examine a company’s financial statements to determine its value - Meet with company officials to gain better insight into the company’s prospects - Assess the strength of the management team - Prepare written reports Financial analysts evaluate opportunities to commit money for the purpose of generating profit. Financial analysts can be divided into two categories: buy-side analysts and sell-side analysts. - Buy-side analysts develop investment strategies for companies that have a lot of money to invest. These companies, called institutional investors, include hedge funds, insurance companies, independent money managers, nonprofit organizations with large endowments, private equity firms, and pension funds. - Sell-side analysts advise financial services sales agents who sell stocks, bonds, and other investments. Analysts may work for the business media or other research houses, which are independent from the buy and sell side. Financial analysts generally focus on trends affecting a specific geographical region, industry, or type of product. For example, they may focus on a subject area or a foreign exchange market. They must understand how economic trends, new regulations, policies, and political situations may affect investments. Investing has become more global, and some specialize in a particular country or world region. Companies want these specialists to understand the business environment, culture, language, and political conditions in the country or region that they cover. The following are examples of types of financial analysts: ***Financial risk specialists***, also called *financial risk analysts*, evaluate threats to investment decisions and determine how to manage unpredictability and limit potential losses. They make investment decisions such as selecting dissimilar stocks or having a combination of stocks, bonds, and mutual funds in a portfolio. They also make recommendations to limit risk. ***Fund managers*** work exclusively with hedge funds or mutual funds. Both fund managers and portfolio managers frequently make buy or sell decisions in reaction to quickly changing market conditions. ***Investment analysts*** assess information involving investment programs or financial data of institutions, such as business valuation. They also respond to queries from clients and client advisors regarding asset allocation and alternative investment topics including hedge funds, real property, and venture capital. ***Portfolio managers*** select the mix of products, industries, and regions for their company’s investment portfolio. These managers are responsible for the overall performance of the portfolio. They are also expected to explain investment decisions and strategies in meetings with stakeholders. ***Ratings analysts*** evaluate the ability of companies or governments to pay their debts, including bonds. Based on these evaluations, a management team rates the risk of a company or government not being able to repay its bonds. ***Securities analysts***evaluate securities markets and trends to identify high-yield assets for clients and companies. They may use resources such as bond performance reports, daily stock quotes, market and economic forecasts, and other financial statements and publications. [\<- Summary](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#tab-1) [Work Environment -\>](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#tab-3) ## Work Environment [About this section](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#TB_inline?height=325&width=325&inlineId=about-working-environment) ![Financial analysts](https://www.bls.gov/ooh/images/1760.jpg) Financial analysts may work at institutions that are based in large cities. Financial and investment analysts held about 368,500 jobs in 2024. The largest employers of financial and investment analysts were as follows: | | | |---|---| | Securities, commodity contracts, and other financial investments and related activities | 23% | | Professional, scientific, and technical services | 13 | | Credit intermediation and related activities | 12 | | Management of companies and enterprises | 11 | | Insurance carriers and related activities | 7 | Financial risk specialists held about 60,500 jobs in 2024. The largest employers of financial risk specialists were as follows: | | | |---|---| | Credit intermediation and related activities | 31% | | Securities, commodity contracts, and other financial investments and related activities | 14 | | Insurance carriers and related activities | 13 | | Professional, scientific, and technical services | 10 | | Management of companies and enterprises | 9 | Financial analysts work primarily in offices but may travel to visit companies or clients. ### Work Schedules Most financial analysts work full time and some work more than 40 hours per week. [\<- What They Do](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#tab-2) [How to Become One -\>](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#tab-4) ## How to Become a Financial Analyst [About this section](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#TB_inline?height=325&width=325&inlineId=about-become-one) ![Financial analysts](https://www.bls.gov/ooh/images/1761.jpg) Financial analysts must process a range of information in finding profitable investments. Financial analysts typically need a bachelor’s degree to enter the occupation. ### Education Most entry-level positions for financial analysts require a bachelor’s degree; a common [field of degree](https://www.bls.gov/ooh/field-of-degree/home.htm) is [business](https://www.bls.gov/ooh/field-of-degree/business/business-field-of-degree.htm). Some employers prefer to hire job candidates who have a master’s degree. ### Licenses, Certifications, and Registrations The [Financial Industry Regulatory Authority](https://www.finra.org/) (FINRA) is the main licensing organization for the securities industry. A license is generally required to sell financial products, which may apply to some positions. Because most of the licenses require sponsorship by an employer, companies do not expect individuals to have these licenses before starting a job. Employers often recommend certification, which may improve the chances for advancement. Information on certifications is available from [CareerOneStop](https://www.careeronestop.org/Toolkit/Training/find-certifications.aspx). ### Advancement Financial analysts typically start by specializing in an investment field. As they gain experience, they may become portfolio managers and select the mix of investments for a company’s portfolio. They also may become fund managers of large investment portfolios for individual investors. Having a master’s degree in finance or business administration may improve an analyst’s chances of advancing to one of these positions. ### Important Qualities The following are examples of qualities that are important for these workers to perform their duties. For more information, visit the Employment Projections (EP) [skills data page](https://www.bls.gov/emp/data/skills-data.htm). ***Analytical skills.*** Financial analysts must evaluate a range of information in finding profitable investments. ***Communication skills.*** Financial analysts must be able to clearly explain their recommendations to clients. ***Computer skills.*** Financial analysts must be adept at using software to analyze financial data and trends, create portfolios, and make forecasts. ***Decision-making skills.*** Financial analysts must reach conclusions so that they can recommend whether to buy, hold, or sell a security. ***Detail oriented.*** Financial analysts must pay attention when reviewing a possible investment, as even small issues may have large implications for its health. ***Math skills.*** Financial analysts use mathematics to estimate the value of financial securities. [\<- Work Environment](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#tab-3) [Pay -\>](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#tab-5) ## Pay [About this section](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#TB_inline?height=325&width=325&inlineId=about-pay) ### Financial Analysts Median annual wages, May 2024 Financial risk specialists \$106,000 Financial analysts \$101,910 Financial and investment analysts \$101,350 Financial specialists \$82,140 Total, all occupations \$49,500 Note: All Occupations includes all occupations in the U.S. Economy. Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics The median annual wage for financial and investment analysts was \$101,350 in May 2024. The median wage is the wage at which half the workers in an occupation earned more than that amount and half earned less. The lowest 10 percent earned less than \$62,410, and the highest 10 percent earned more than \$180,550. The median annual wage for financial risk specialists was \$106,000 in May 2024. The lowest 10 percent earned less than \$62,270, and the highest 10 percent earned more than \$182,310. In May 2024, the median annual wages for financial and investment analysts in the top industries in which they worked were as follows: | | | |---|---| | Securities, commodity contracts, and other financial investments and related activities | \$124,050 | | Professional, scientific, and technical services | 100,960 | | Credit intermediation and related activities | 99,990 | | Management of companies and enterprises | 99,760 | | Insurance carriers and related activities | 93,030 | In May 2024, the median annual wages for financial risk specialists in the top industries in which they worked were as follows: | | | |---|---| | Securities, commodity contracts, and other financial investments and related activities | \$132,520 | | Professional, scientific, and technical services | 113,720 | | Management of companies and enterprises | 107,730 | | Credit intermediation and related activities | 103,530 | | Insurance carriers and related activities | 102,250 | Fund managers are typically compensated by fees, usually structured as a percentage of assets under management and a percentage of the fund’s annual return. Most financial analysts work full time, and some work more than 40 hours per week. [\<- How to Become One](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#tab-4) [Job Outlook -\>](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#tab-6) ## Job Outlook [About this section](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#TB_inline?height=325&width=325&inlineId=about-job-outlook) ### Financial Analysts Percent change in employment, projected 2024–34 Financial analysts 6% Financial and investment analysts 6% Financial risk specialists 6% Financial specialists 5% Total, all occupations 3% Note: All Occupations includes all occupations in the U.S. Economy. Source: U.S. Bureau of Labor Statistics, Employment Projections program Overall employment of financial analysts is projected to grow 6 percent from 2024 to 2034, faster than the average for all occupations. About 29,900 openings for financial analysts are projected each year, on average, over the decade. Many of those openings are expected to result from the need to replace workers who transfer to different occupations or exit the labor force, such as to retire. ### Employment Demand for financial analysts generally increases with overall economic activity. These workers will be needed to evaluate investment opportunities when new businesses are established, or as existing businesses expand. In addition, emerging markets throughout the world are providing new investment opportunities, requiring expertise in geographic regions where those markets are located. Financial analysts also will be needed to assess growing volumes of data. Their analysis will help businesses manage their finances, identify investment trends, reduce risk, and deliver new products or services to clients. | Occupational Title | SOC Code | Employment, 2024 | Projected Employment, 2034 | Change, 2024–34 | Employment by Industry | | |---|---|---|---|---|---|---| | Percent | Numeric | | | | | | | SOURCE: U.S. Bureau of Labor Statistics, Employment Projections program | | | | | | | | **Financial analysts** | — | 429,000 | 454,000 | 6 | 25,100 | — | | **Financial and investment analysts** | 13-2051 | 368,500 | 389,600 | 6 | 21,100 | [Get data](https://data.bls.gov/projections/nationalMatrix?queryParams=13-2051&ioType=o) | | **Financial risk specialists** | 13-2054 | 60,500 | 64,400 | 6 | 3,900 | [Get data](https://data.bls.gov/projections/nationalMatrix?queryParams=13-2054&ioType=o) | [\<- Pay](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#tab-5) [State & Area Data -\>](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#tab-7) ## State & Area Data [About this section](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#TB_inline?height=325&width=325&inlineId=about-state-area) ### **Occupational Employment and Wage Statistics (OEWS)** The [Occupational Employment and Wage Statistics](https://www.bls.gov/oes/) (OEWS) program produces employment and wage estimates annually for over 800 occupations. These estimates are available for the nation as a whole, for individual states, and for metropolitan and nonmetropolitan areas. The link below goes to OEWS data maps for employment and wages by state and area. Use the dropdown boxes to select an occupation. - [Occupational Employment and Wage Statistics (OEWS) Profiles](https://data.bls.gov/oesprofile/) ### **Projections Central** Occupational employment projections are developed for all states by Labor Market Information (LMI) or individual state Employment Projections offices. All state projections data are available at [www.projectionscentral.org](http://www.projectionscentral.org/). Information on this site allows projected employment growth for an occupation to be compared among states or to be compared within one state. In addition, states may produce projections for areas; there are links to each state’s websites where these data may be retrieved. ### **CareerOneStop** CareerOneStop includes hundreds of [occupational profiles](http://www.careerinfonet.org/Occupations/select_occupation.aspx?next=occ_rep&level=&optstatus=111111111&id=1&nodeid=2&soccode=&stfips=&jobfam=&menuMode) with data available by state and metro area. There are links in the left-hand side menu to compare occupational employment by state and occupational wages by local area or metro area. There is also a [salary info tool](https://www.careeronestop.org/Toolkit/Wages/find-salary.aspx?frd=true) to search for wages by zip code. [\<- Job Outlook](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#tab-6) [Similar Occupations -\>](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#tab-8) ## Similar Occupations [About this section](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#TB_inline?height=325&width=325&inlineId=about-similar-jobs) This table shows a list of occupations with job duties that are similar to those of financial analysts. | | Occupation | Job Duties | ENTRY-LEVEL EDUCATION [![Help on Entry-Level Education](https://www.bls.gov/images/icons/icon_small_help.gif)](https://www.bls.gov/#TB_inline?height=325&width=325&inlineId=inlinehelp-education) | 2024 MEDIAN PAY [![Help on Median Pay](https://www.bls.gov/images/icons/icon_small_help.gif)](https://www.bls.gov/#TB_inline?height=325&width=325&inlineId=inlinehelp-pay) | |---|---|---|---|---| | [![Budget analysts](https://www.bls.gov/ooh/images/1755.jpg)](https://www.bls.gov/ooh/business-and-financial/budget-analysts.htm) | **[Budget Analysts](https://www.bls.gov/ooh/business-and-financial/budget-analysts.htm)** | Budget analysts help public and private organizations plan their finances. | Bachelor's degree | \$87,930 | | [![data-scientists](https://www.bls.gov/ooh/images/96313.png)](https://www.bls.gov/ooh/math/data-scientists.htm) | **[Data Scientists](https://www.bls.gov/ooh/math/data-scientists.htm)** | Data scientists use analytical tools and techniques to extract meaningful insights from data. | Bachelor's degree | \$112,590 | | [![Financial managers](https://www.bls.gov/ooh/images/1603.jpg)](https://www.bls.gov/ooh/management/financial-managers.htm) | **[Financial Managers](https://www.bls.gov/ooh/management/financial-managers.htm)** | Financial managers create financial reports, direct investment activities, and develop plans for the long-term financial goals of their organization. | Bachelor's degree | \$161,700 | | [![Insurance underwriters](https://www.bls.gov/ooh/images/1498.jpg)](https://www.bls.gov/ooh/business-and-financial/insurance-underwriters.htm) | **[Insurance Underwriters](https://www.bls.gov/ooh/business-and-financial/insurance-underwriters.htm)** | Insurance underwriters evaluate insurance applications and decide whether to approve them. | Bachelor's degree | \$79,880 | | [![Personal financial advisors](https://www.bls.gov/ooh/images/1766.jpg)](https://www.bls.gov/ooh/business-and-financial/personal-financial-advisors.htm) | **[Personal Financial Advisors](https://www.bls.gov/ooh/business-and-financial/personal-financial-advisors.htm)** | Personal financial advisors provide advice to help individuals manage their money and plan for their financial future. | Bachelor's degree | \$102,140 | | [![Securities, commodities, and financial services sales agents](https://www.bls.gov/ooh/images/2775.jpg)](https://www.bls.gov/ooh/sales/securities-commodities-and-financial-services-sales-agents.htm) | **[Securities, Commodities, and Financial Services Sales Agents](https://www.bls.gov/ooh/sales/securities-commodities-and-financial-services-sales-agents.htm)** | Securities, commodities, and financial services sales agents connect buyers and sellers in financial markets. | Bachelor's degree | \$78,140 | [\<- State & Area Data](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#tab-7) [More Info -\>](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#tab-9) ## Contacts for More Information [About this section](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#TB_inline?height=325&width=325&inlineId=about-more-information) For more information about licensure for financial analysts, visit [Financial Industry Regulatory Authority (FINRA)](https://www.finra.org/) For information about certifications, visit [CareerOneStop](https://www.careeronestop.org/Toolkit/Training/find-certifications.aspx). ### CareerOneStop For a career video on financial analysts, visit [Financial Analysts](https://www.careeronestop.org/videos/careeronestop-videos.aspx?videocode=13205100) ### O\*NET [Financial Risk Specialists](https://www.onetonline.org/link/summary/13-2054.00) [Financial and Investment Analysts](https://www.onetonline.org/link/summary/13-2051.00) [\<- Similar Occupations](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#tab-8) **Suggested citation:** Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, Financial Analysts, at <https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm> (visited *February 27, 2026*). **Last Modified Date:** Thursday, August 28, 2025 ## What They Do The *What They Do* tab describes the typical duties and responsibilities of workers in the occupation, including what tools and equipment they use and how closely they are supervised. This tab also covers different types of occupational specialties. ## Work Environment The *Work Environment* tab includes the number of jobs held in the occupation and describes the workplace, the level of physical activity expected, and typical hours worked. It may also discuss the major industries that employed the occupation. This tab may also describe opportunities for part-time work, the amount and type of travel required, any safety equipment that is used, and the risk of injury that workers may face. ## How to Become One The *How to Become One* tab describes how to prepare for a job in the occupation. This tab can include information on education, training, work experience, licensing and certification, and important qualities that are required or helpful for entering or working in the occupation. ## Pay The *Pay* tab describes typical earnings and how workers in the occupation are compensated—annual salaries, hourly wages, commissions, tips, or bonuses. Within every occupation, earnings vary by experience, responsibility, performance, tenure, and geographic area. For most profiles, this tab has a table with wages in the major industries employing the occupation. It does not include pay for self-employed workers, agriculture workers, or workers in private households because these data are not collected by the Occupational Employment and Wage Statistics (OEWS) survey, the source of BLS wage data in the OOH. ## State & Area Data The *State and Area Data* tab provides links to state and area occupational data from the Occupational Employment and Wage Statistics (OEWS) program, state projections data from Projections Central, and occupational information from the Department of Labor's CareerOneStop. ## Job Outlook The *Job Outlook* tab describes the factors that affect employment growth or decline in the occupation, and in some instances, describes the relationship between the number of job seekers and the number of job openings. ## Similar Occupations The *Similar Occupations* tab describes occupations that share similar duties, skills, interests, education, or training with the occupation covered in the profile. ## Contacts for More Information The *More Information* tab provides the Internet addresses of associations, government agencies, unions, and other organizations that can provide additional information on the occupation. This tab also includes links to relevant occupational information from the Occupational Information Network (O\*NET). ## 2024 Median Pay The wage at which half of the workers in the occupation earned more than that amount and half earned less. Median wage data are from the BLS Occupational Employment and Wage Statistics survey. In May 2024, the median annual wage for all workers was \$49,500. ## On-the-job Training Additional training needed (postemployment) to attain competency in the skills needed in this occupation. ## Entry-level Education Typical level of education that most workers need to enter this occupation. ## Work experience in a related occupation Work experience that is commonly considered necessary by employers, or is a commonly accepted substitute for more formal types of training or education. ## Number of Jobs, 2024 The employment, or size, of this occupation in 2024, which is the base year of the 2024–34 employment projections. ## Job Outlook, 2024-34 The projected percent change in employment from 2024 to 2034. The average growth rate for all occupations is 3 percent. ## Employment Change, 2024-34 The projected numeric change in employment from 2024 to 2034. ## Entry-level Education Typical level of education that most workers need to enter this occupation. ## On-the-job Training Additional training needed (postemployment) to attain competency in the skills needed in this occupation. ## Employment Change, projected 2024-34 The projected numeric change in employment from 2024 to 2034. ## Growth Rate (Projected) The percent change of employment for each occupation from 2024 to 2034. ## Projected Number of New Jobs The projected numeric change in employment from 2024 to 2034. ## Projected Growth Rate The projected percent change in employment from 2024 to 2034. ## 2024 Median Pay The wage at which half of the workers in the occupation earned more than that amount and half earned less. Median wage data are from the BLS Occupational Employment and Wage Statistics survey. In May 2024, the median annual wage for all workers was \$49,500. - [Home](https://www.bls.gov/) - [Subjects](https://www.bls.gov/bls/proghome.htm) - [Data Tools](https://www.bls.gov/data/) - [Publications](https://www.bls.gov/opub/) - [Economic Releases](https://www.bls.gov/bls/newsrels.htm) - [Classroom](https://www.bls.gov/k12/) - [Beta](https://www.bls.gov/beta/) ![U.S. Bureau of Labor Statistics Logo ](https://www.bls.gov/images/bls_emblem_trans.png) **U.S. Bureau of Labor Statistics** Occupational Outlook Handbook Office of Employment and Unemployment Statistics Suitland Federal Center Floor 3 4600 Silver Hill Road Washington, DC 20212-0002 [Telephone: 202-691-5700](tel:12026915700) [www.bls.gov/ooh](https://www.bls.gov/ooh/home.htm) [Contact OOH](https://data.bls.gov/ooh/about/ooh-faqs.htm) **resources** - [Inspector General (OIG)](https://www.oig.dol.gov/) - [Budget and Performance](https://www.bls.gov/bls/bls_budget_and_performance.htm) - [Department of Labor Grants](https://www.dol.gov/grants) - [No Fear Act](https://www.bls.gov/bls/no_fear_act.htm) - [USA.gov](https://www.usa.gov/) **about the site** - [Sitemap](https://www.bls.gov/bls/sitemap.htm) - [Freedom of Information Act](https://www.bls.gov/bls/blsfoia.htm) - [Privacy and Security Statement](https://www.bls.gov/bls/pss.htm) - [Disclaimers](https://www.bls.gov/bls/disclaimer.htm) - [Linking and Copyright Info](https://www.bls.gov/bls/linksite.htm) - [Important Website Notices](https://www.bls.gov/bls/website-policies.htm) - [Help and Tutorials](https://www.bls.gov/help/) - [Accessibility Statement](https://www.bls.gov/bls/ada.htm) Connect With BLS [Instagram](https://www.instagram.com/usbls_gov/ "Connect with BLS on Instagram") [Twitter](https://www.linkedin.com/company/bureau-of-labor-statistics/ "Connect with BLS on LinkedIn") [Threads](https://www.threads.net/@usbls_gov "Connect with BLS on Threads") [Twitter](https://twitter.com/BLS_gov "Connect with BLS on X, formerly referred to as Twitter") [Youtube](https://www.youtube.com/channel/UCijn3WBpHtx4AvSya7NER9Q "BLS Youtube") [Email]("Subscribe to BLS E-mail Updates") - [Publications](https://www.bls.gov/opub/) - [Occupational Outlook Handbook](https://www.bls.gov/ooh/) - [Business and Financial](https://www.bls.gov/ooh/business-and-financial/home.htm)
Readable Markdown
- [Summary](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#tab-1) - [What They Do](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#tab-2) - [Work Environment](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#tab-3) - [How to Become One](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#tab-4) - [Pay](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#tab-5) - [Job Outlook](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#tab-6) - [State & Area Data](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#tab-7) - [Similar Occupations](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#tab-8) - [More Info](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#tab-9) ## Summary Please enable javascript to play this video. [Video transcript available at https://www.youtube.com/watch?v=UHBmhFqWdgw.](https://www.youtube.com/watch?v=UHBmhFqWdgw) | Quick Facts: Financial Analysts | | |---|---| | [2024 Median Pay](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#TB_inline?height=325&width=325&inlineId=qf-wage) | \$101,910 per year \$48.99 per hour | | [Typical Entry-Level Education](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#TB_inline?height=325&width=325&inlineId=qf-education) | Bachelor's degree | | [Work Experience in a Related Occupation](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#TB_inline?height=325&width=325&inlineId=qf-experience) | None | | [On-the-job Training](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#TB_inline?height=325&width=325&inlineId=qf-training) | None | | [Number of Jobs, 2024](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#TB_inline?height=325&width=325&inlineId=qf-number-jobs) | 429,000 | | [Job Outlook, 2024–34](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#TB_inline?height=325&width=325&inlineId=qf-outlook) | 6% (Faster than average) | | [Employment Change, 2024–34](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#TB_inline?height=325&width=325&inlineId=qf-emp-change) | 25,100 | ### [What Financial Analysts Do](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#tab-2) Financial analysts guide businesses and individuals in decisions about expending money to attain profit. ### [Work Environment](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#tab-3) Financial analysts work in offices. Most work full time, and some work more than 40 hours per week. ### [How to Become a Financial Analyst](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#tab-4) Financial analysts typically need a bachelor’s degree to enter the occupation. ### [Pay](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#tab-5) The median annual wage for financial and investment analysts was \$101,350 in May 2024. The median annual wage for financial risk specialists was \$106,000 in May 2024. ### [Job Outlook](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#tab-6) Overall employment of financial analysts is projected to grow 6 percent from 2024 to 2034, faster than the average for all occupations. About 29,900 openings for financial analysts are projected each year, on average, over the decade. Many of those openings are expected to result from the need to replace workers who transfer to different occupations or exit the labor force, such as to retire. ### [State & Area Data](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#tab-7) Explore resources for employment and wages by state and area for financial analysts. ### [Similar Occupations](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#tab-8) Compare the job duties, education, job growth, and pay of financial analysts with similar occupations. ### [More Information, Including Links to O\*NET](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#tab-9) Learn more about financial analysts by visiting additional resources, including O\*NET, a source on key characteristics of workers and occupations. ## What Financial Analysts Do [About this section](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#TB_inline?height=325&width=325&inlineId=about-what-they-do) ![Financial analysts](https://www.bls.gov/ooh/images/1758.jpg) Financial analysts work in banks, pension funds, insurance companies, and other businesses. Financial analysts guide businesses and individuals in decisions about expending money to attain profit. They assess the performance of stocks, bonds, and other types of investments. ### Duties Financial analysts typically do the following: - Recommend individual investments and collections of investments, known as portfolios - Evaluate current and historical financial data - Study economic and business trends - Examine a company’s financial statements to determine its value - Meet with company officials to gain better insight into the company’s prospects - Assess the strength of the management team - Prepare written reports Financial analysts evaluate opportunities to commit money for the purpose of generating profit. Financial analysts can be divided into two categories: buy-side analysts and sell-side analysts. - Buy-side analysts develop investment strategies for companies that have a lot of money to invest. These companies, called institutional investors, include hedge funds, insurance companies, independent money managers, nonprofit organizations with large endowments, private equity firms, and pension funds. - Sell-side analysts advise financial services sales agents who sell stocks, bonds, and other investments. Analysts may work for the business media or other research houses, which are independent from the buy and sell side. Financial analysts generally focus on trends affecting a specific geographical region, industry, or type of product. For example, they may focus on a subject area or a foreign exchange market. They must understand how economic trends, new regulations, policies, and political situations may affect investments. Investing has become more global, and some specialize in a particular country or world region. Companies want these specialists to understand the business environment, culture, language, and political conditions in the country or region that they cover. The following are examples of types of financial analysts: ***Financial risk specialists***, also called *financial risk analysts*, evaluate threats to investment decisions and determine how to manage unpredictability and limit potential losses. They make investment decisions such as selecting dissimilar stocks or having a combination of stocks, bonds, and mutual funds in a portfolio. They also make recommendations to limit risk. ***Fund managers*** work exclusively with hedge funds or mutual funds. Both fund managers and portfolio managers frequently make buy or sell decisions in reaction to quickly changing market conditions. ***Investment analysts*** assess information involving investment programs or financial data of institutions, such as business valuation. They also respond to queries from clients and client advisors regarding asset allocation and alternative investment topics including hedge funds, real property, and venture capital. ***Portfolio managers*** select the mix of products, industries, and regions for their company’s investment portfolio. These managers are responsible for the overall performance of the portfolio. They are also expected to explain investment decisions and strategies in meetings with stakeholders. ***Ratings analysts*** evaluate the ability of companies or governments to pay their debts, including bonds. Based on these evaluations, a management team rates the risk of a company or government not being able to repay its bonds. ***Securities analysts***evaluate securities markets and trends to identify high-yield assets for clients and companies. They may use resources such as bond performance reports, daily stock quotes, market and economic forecasts, and other financial statements and publications. ## Work Environment [About this section](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#TB_inline?height=325&width=325&inlineId=about-working-environment) ![Financial analysts](https://www.bls.gov/ooh/images/1760.jpg) Financial analysts may work at institutions that are based in large cities. Financial and investment analysts held about 368,500 jobs in 2024. The largest employers of financial and investment analysts were as follows: | | | |---|---| | Securities, commodity contracts, and other financial investments and related activities | 23% | | Professional, scientific, and technical services | 13 | | Credit intermediation and related activities | 12 | | Management of companies and enterprises | 11 | | Insurance carriers and related activities | 7 | Financial risk specialists held about 60,500 jobs in 2024. The largest employers of financial risk specialists were as follows: | | | |---|---| | Credit intermediation and related activities | 31% | | Securities, commodity contracts, and other financial investments and related activities | 14 | | Insurance carriers and related activities | 13 | | Professional, scientific, and technical services | 10 | | Management of companies and enterprises | 9 | Financial analysts work primarily in offices but may travel to visit companies or clients. ### Work Schedules Most financial analysts work full time and some work more than 40 hours per week. ## How to Become a Financial Analyst [About this section](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#TB_inline?height=325&width=325&inlineId=about-become-one) ![Financial analysts](https://www.bls.gov/ooh/images/1761.jpg) Financial analysts must process a range of information in finding profitable investments. Financial analysts typically need a bachelor’s degree to enter the occupation. ### Education Most entry-level positions for financial analysts require a bachelor’s degree; a common [field of degree](https://www.bls.gov/ooh/field-of-degree/home.htm) is [business](https://www.bls.gov/ooh/field-of-degree/business/business-field-of-degree.htm). Some employers prefer to hire job candidates who have a master’s degree. ### Licenses, Certifications, and Registrations The [Financial Industry Regulatory Authority](https://www.finra.org/) (FINRA) is the main licensing organization for the securities industry. A license is generally required to sell financial products, which may apply to some positions. Because most of the licenses require sponsorship by an employer, companies do not expect individuals to have these licenses before starting a job. Employers often recommend certification, which may improve the chances for advancement. Information on certifications is available from [CareerOneStop](https://www.careeronestop.org/Toolkit/Training/find-certifications.aspx). ### Advancement Financial analysts typically start by specializing in an investment field. As they gain experience, they may become portfolio managers and select the mix of investments for a company’s portfolio. They also may become fund managers of large investment portfolios for individual investors. Having a master’s degree in finance or business administration may improve an analyst’s chances of advancing to one of these positions. ### Important Qualities The following are examples of qualities that are important for these workers to perform their duties. For more information, visit the Employment Projections (EP) [skills data page](https://www.bls.gov/emp/data/skills-data.htm). ***Analytical skills.*** Financial analysts must evaluate a range of information in finding profitable investments. ***Communication skills.*** Financial analysts must be able to clearly explain their recommendations to clients. ***Computer skills.*** Financial analysts must be adept at using software to analyze financial data and trends, create portfolios, and make forecasts. ***Decision-making skills.*** Financial analysts must reach conclusions so that they can recommend whether to buy, hold, or sell a security. ***Detail oriented.*** Financial analysts must pay attention when reviewing a possible investment, as even small issues may have large implications for its health. ***Math skills.*** Financial analysts use mathematics to estimate the value of financial securities. ## Pay [About this section](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#TB_inline?height=325&width=325&inlineId=about-pay) ### Financial Analysts Median annual wages, May 2024 Financial risk specialists \$106,000 Financial analysts \$101,910 Financial and investment analysts \$101,350 Financial specialists \$82,140 Total, all occupations \$49,500 The median annual wage for financial and investment analysts was \$101,350 in May 2024. The median wage is the wage at which half the workers in an occupation earned more than that amount and half earned less. The lowest 10 percent earned less than \$62,410, and the highest 10 percent earned more than \$180,550. The median annual wage for financial risk specialists was \$106,000 in May 2024. The lowest 10 percent earned less than \$62,270, and the highest 10 percent earned more than \$182,310. In May 2024, the median annual wages for financial and investment analysts in the top industries in which they worked were as follows: | | | |---|---| | Securities, commodity contracts, and other financial investments and related activities | \$124,050 | | Professional, scientific, and technical services | 100,960 | | Credit intermediation and related activities | 99,990 | | Management of companies and enterprises | 99,760 | | Insurance carriers and related activities | 93,030 | In May 2024, the median annual wages for financial risk specialists in the top industries in which they worked were as follows: | | | |---|---| | Securities, commodity contracts, and other financial investments and related activities | \$132,520 | | Professional, scientific, and technical services | 113,720 | | Management of companies and enterprises | 107,730 | | Credit intermediation and related activities | 103,530 | | Insurance carriers and related activities | 102,250 | Fund managers are typically compensated by fees, usually structured as a percentage of assets under management and a percentage of the fund’s annual return. Most financial analysts work full time, and some work more than 40 hours per week. ## Job Outlook [About this section](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#TB_inline?height=325&width=325&inlineId=about-job-outlook) ### Financial Analysts Percent change in employment, projected 2024–34 Financial analysts 6% Financial and investment analysts 6% Financial risk specialists 6% Financial specialists 5% Total, all occupations 3% Overall employment of financial analysts is projected to grow 6 percent from 2024 to 2034, faster than the average for all occupations. About 29,900 openings for financial analysts are projected each year, on average, over the decade. Many of those openings are expected to result from the need to replace workers who transfer to different occupations or exit the labor force, such as to retire. ### Employment Demand for financial analysts generally increases with overall economic activity. These workers will be needed to evaluate investment opportunities when new businesses are established, or as existing businesses expand. In addition, emerging markets throughout the world are providing new investment opportunities, requiring expertise in geographic regions where those markets are located. Financial analysts also will be needed to assess growing volumes of data. Their analysis will help businesses manage their finances, identify investment trends, reduce risk, and deliver new products or services to clients. | Occupational Title | SOC Code | Employment, 2024 | Projected Employment, 2034 | Change, 2024–34 | Employment by Industry | | |---|---|---|---|---|---|---| | Percent | Numeric | | | | | | | SOURCE: U.S. Bureau of Labor Statistics, Employment Projections program | | | | | | | | **Financial analysts** | — | 429,000 | 454,000 | 6 | 25,100 | — | | **Financial and investment analysts** | 13-2051 | 368,500 | 389,600 | 6 | 21,100 | [Get data](https://data.bls.gov/projections/nationalMatrix?queryParams=13-2051&ioType=o) | | **Financial risk specialists** | 13-2054 | 60,500 | 64,400 | 6 | 3,900 | [Get data](https://data.bls.gov/projections/nationalMatrix?queryParams=13-2054&ioType=o) | ## State & Area Data [About this section](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#TB_inline?height=325&width=325&inlineId=about-state-area) ### **Occupational Employment and Wage Statistics (OEWS)** The [Occupational Employment and Wage Statistics](https://www.bls.gov/oes/) (OEWS) program produces employment and wage estimates annually for over 800 occupations. These estimates are available for the nation as a whole, for individual states, and for metropolitan and nonmetropolitan areas. The link below goes to OEWS data maps for employment and wages by state and area. Use the dropdown boxes to select an occupation. - [Occupational Employment and Wage Statistics (OEWS) Profiles](https://data.bls.gov/oesprofile/) ### **Projections Central** Occupational employment projections are developed for all states by Labor Market Information (LMI) or individual state Employment Projections offices. All state projections data are available at [www.projectionscentral.org](http://www.projectionscentral.org/). Information on this site allows projected employment growth for an occupation to be compared among states or to be compared within one state. In addition, states may produce projections for areas; there are links to each state’s websites where these data may be retrieved. ### **CareerOneStop** CareerOneStop includes hundreds of [occupational profiles](http://www.careerinfonet.org/Occupations/select_occupation.aspx?next=occ_rep&level=&optstatus=111111111&id=1&nodeid=2&soccode=&stfips=&jobfam=&menuMode) with data available by state and metro area. There are links in the left-hand side menu to compare occupational employment by state and occupational wages by local area or metro area. There is also a [salary info tool](https://www.careeronestop.org/Toolkit/Wages/find-salary.aspx?frd=true) to search for wages by zip code. ## Similar Occupations [About this section](https://www.bls.gov/ooh/business-and-financial/financial-analysts.htm#TB_inline?height=325&width=325&inlineId=about-similar-jobs) This table shows a list of occupations with job duties that are similar to those of financial analysts. | | Occupation | Job Duties | ENTRY-LEVEL EDUCATION [![Help on Entry-Level Education](https://www.bls.gov/images/icons/icon_small_help.gif)](https://www.bls.gov/#TB_inline?height=325&width=325&inlineId=inlinehelp-education) | 2024 MEDIAN PAY [![Help on Median Pay](https://www.bls.gov/images/icons/icon_small_help.gif)](https://www.bls.gov/#TB_inline?height=325&width=325&inlineId=inlinehelp-pay) | |---|---|---|---|---| | [![Budget analysts](https://www.bls.gov/ooh/images/1755.jpg)](https://www.bls.gov/ooh/business-and-financial/budget-analysts.htm) | **[Budget Analysts](https://www.bls.gov/ooh/business-and-financial/budget-analysts.htm)** | Budget analysts help public and private organizations plan their finances. | Bachelor's degree | \$87,930 | | [![data-scientists](https://www.bls.gov/ooh/images/96313.png)](https://www.bls.gov/ooh/math/data-scientists.htm) | **[Data Scientists](https://www.bls.gov/ooh/math/data-scientists.htm)** | Data scientists use analytical tools and techniques to extract meaningful insights from data. | Bachelor's degree | \$112,590 | | [![Financial managers](https://www.bls.gov/ooh/images/1603.jpg)](https://www.bls.gov/ooh/management/financial-managers.htm) | **[Financial Managers](https://www.bls.gov/ooh/management/financial-managers.htm)** | Financial managers create financial reports, direct investment activities, and develop plans for the long-term financial goals of their organization. | Bachelor's degree | \$161,700 | | [![Insurance underwriters](https://www.bls.gov/ooh/images/1498.jpg)](https://www.bls.gov/ooh/business-and-financial/insurance-underwriters.htm) | **[Insurance Underwriters](https://www.bls.gov/ooh/business-and-financial/insurance-underwriters.htm)** | Insurance underwriters evaluate insurance applications and decide whether to approve them. | Bachelor's degree | \$79,880 | | [![Personal financial advisors](https://www.bls.gov/ooh/images/1766.jpg)](https://www.bls.gov/ooh/business-and-financial/personal-financial-advisors.htm) | **[Personal Financial Advisors](https://www.bls.gov/ooh/business-and-financial/personal-financial-advisors.htm)** | Personal financial advisors provide advice to help individuals manage their money and plan for their financial future. | Bachelor's degree | \$102,140 | | [![Securities, commodities, and financial services sales agents](https://www.bls.gov/ooh/images/2775.jpg)](https://www.bls.gov/ooh/sales/securities-commodities-and-financial-services-sales-agents.htm) | **[Securities, Commodities, and Financial Services Sales Agents](https://www.bls.gov/ooh/sales/securities-commodities-and-financial-services-sales-agents.htm)** | Securities, commodities, and financial services sales agents connect buyers and sellers in financial markets. | Bachelor's degree | \$78,140 | **Last Modified Date:** Thursday, August 28, 2025
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