The people who study potential areas for investment (such as technology, utilities, real estate, and many others) and attempt to forecast how strong those markets will be going forward are financial planning analysts. Financial planning analysts look at industry data from the market sector to which they are assigned and attempt to forecast trends. They also look at any legislation, regulations, or court cases that might affect their respective field of analysis. The analyst also looks at the economy in general and attempts to help other members of a financial institution's planning and investment team best invest the firm's money and determine how to advise clients. Financial planning analysts typically work in an office environment in banks or investment houses, normally during regular business hours.
Analysts in this occupation typically have at least a bachelor's degree in finance, business, or a related field. They also need related experience as well. A financial planning analyst must be able to examine data and extrapolate useful information to form recommendations and reports to be used by advisers and investors in the firm. As such, many financial planning analysts have a graduate-level degree in business management or finance.
Financial Planning Analyst Tasks
Assess trends in client and market behavior and modify strategies to optimize financial growth.
Manage portfolios and update customers on current or future developments.
Create financial strategies for customers in line with their desires and resources.
Manage client relationships and grow customer base.