If you’re looking for a flexible global career in business that allows you to work in almost any industry, becoming a financial analyst in the UK might be a good choice. As a financial analyst, you can help your company with future planning, regulatory compliance, assessing the success of advertising campaigns, and more.
Before pursuing this career, it’s important to understand what financial analysts do, how to become one, the typical salary, and answers to frequently asked questions about the role. This article provides all that information.
To become a financial analyst:
While a specialized financial analyst degree is not a must, employers generally prefer an undergraduate degree in economics, finance or a related field such as accounting or statistics. Having a fundamental understanding of accounting, economics and investments is crucial for a financial analyst. Pursuing a master's degree, such as a Master of Business Administration or a Master of Accounting degree, may also be helpful.
Many organizations and financial institutions offer graduate schemes or internship programs that provide practical experience and professional development opportunities. Employers often prefer to hire candidates who have completed such programs.
While entry-level candidates may not be expected to have obtained certifications and licences, earning certifications such as the Chartered Financial Analyst (CFA) may enhance your CV and make you more attractive to future employers.
Financial analysts may advance their careers by specializing in specific industries or segments of the business world, such as the energy sector or foreign exchange. You can learn more about the possibilities for specialization as you work in the financial industry.
Read essential publications to stay up to date on the latest trends, risks, and opportunities in the business world.
There are various job opportunities for Financial Analysts in the UK. Some of the job titles are mentioned below.
Financial Analyst Salary in the UK: In England, the typical annual base salary for financial analysts is £38,156. The average annual salary for financial analysts in the United Kingdom is £42,500, based on 10,000 reported salaries. Entry-level positions typically start at £32,722 per year, while the most experienced workers can earn up to £60,000 per year. This equates to an hourly rate of £21.79.
The benefits of being a Financial Analyst are:
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Financial Analysts use financial models to analyze complex data, in order to improve business performance and support decision-making. They work in a range of industries, including the public and private sectors. The role of Financial Analysts has become increasingly important in the wake of the pandemic, as they are required to use their analytical skills to predict outcomes in an uncertain financial landscape.
Yes. Financial analysts are in high demand in the UK and are projected to remain so.
Financial analysts in the UK organize information, analyze financial results, forecast and make projections, develop recommendations, and perform risk analysis.
The average annual salary for financial analysts in the United Kingdom is £42,500, based on 10,000 reported salaries.
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