Financial analysts shape the decision-making process of businesses through expert financial assessment and market analysis.

If you're considering this rewarding career path in finance, this guide will help you understand what the role involves and how to progress.

What Does a Financial Analyst Do?

Financial analysts examine company performance data, market trends, and economic indicators to produce forecasts and recommendations.

They work across various sectors, from investment banking to corporate finance, helping organisations make strategic financial decisions.

An image of a Financial Analyst looking at data on two computer screens. The screen on the left shows multiple charts, while the screen on the right has an excel sheet filled with data on it

Daily Responsibilities

A typical day for a financial analyst starts with reviewing market updates and preparing for team meetings. The workday includes:

  • Analysing financial statements and performance metrics

  • Creating detailed financial models and forecasts

  • Preparing management reports and presentations

  • Meeting with stakeholders to discuss findings

  • Researching market trends and competitor analysis

Most financial analysts work between 40-50 hours per week in corporate roles, though investment banking positions often require longer hours. The work intensifies during reporting periods and financial year-end.

Work Environment and Culture

Financial analysts work in various settings, from corporate offices to investment firms. The role combines independent analysis with collaborative teamwork.

While deadlines can create pressure, many professionals find satisfaction in solving complex financial problems and influencing business strategy.

Skills and Qualifications Required

Academic Background

Most employers look for a bachelor's degree in:

  • Finance

  • Economics

  • Mathematics

  • Accounting

  • Business Administration

Professional Certifications

The Chartered Financial Analyst (CFA) qualification stands out as particularly valuable. Other relevant certifications include:

  • ACCA or CIMA qualifications

  • Investment Management Certificate (IMC)

  • Financial Risk Manager (FRM)

Technical Expertise

Success in this role requires proficiency in:

  • Financial modelling

  • Advanced Excel functions

  • Data analysis software

  • Business intelligence tools

  • Statistical analysis methods

An image of a woman presenting financial data to a team. She is stood in front of a large display with data and charts on it.

Career Progression Path

Financial analysts typically start in junior roles, focusing on data gathering and basic analysis. An average career path might look something like this:

Entry Level (0-3 years)

  • Junior Financial Analyst

  • Graduate Financial Analyst

Mid-Level (3-7 years)

  • Senior Financial Analyst

  • Investment Analyst

  • Corporate Finance Analyst

Senior Level (7+ years)

  • Finance Manager

  • Investment Manager

  • Financial Controller

  • Finance Director

Salary and Benefits

Financial analyst salaries vary by location, experience, and specialisation:

Entry-level/Graduate: £25,000 - £30,000

Mid-level: £30,000 - £45,000

Senior level: £45,000+

Many positions include benefits such as bonuses, pension contributions, and healthcare packages.

Is Financial Analysis Right for You?

Successful financial analysts share certain characteristics:

  • Strong analytical thinking

  • Attention to detail

  • Clear communication skills

  • Problem-solving abilities

  • Interest in financial markets

  • Comfort with numbers and data

The role suits professionals who enjoy both quantitative analysis and strategic thinking. While the work can be demanding, it offers clear career progression and intellectual challenges.

Industry Outlook

The financial analyst profession shows steady growth as businesses increasingly rely on data-driven decision making. Digital transformation and fintech developments create opportunities for analysts with strong technical skills combined with financial expertise. As with most industries, Artificial Intelligence (AI) is making waves in the sector. If you want to know more about how it’s changing the world of accountancy and finance, check out our blog on the topic.

An image of a bar chart with yearly figures and trend lines on it.

Making Your Move into Financial Analysis

Whether you're starting your career or looking to move into financial analysis, finding the right position matters.

At Select Recruitment Specialists, we work with leading employers across the UK's financial sector. Our consultants understand the nuances of different financial analyst roles and can help match your skills with the right opportunity.

Contact our specialist finance recruitment team to discuss your career options in financial analysis.