Investment Analyst Salary
Job Description for Investment Analyst
An investment analyst works within a group that reviews and potentially approves investment products. Their responsibilities may also cover making recommendations to advisors on portfolio management, asset allocation, and the full range of investment products that advisors might use in their daily work. Other responsibilities of an investment analyst include conducting research on funds and writing commentary or analysis, supporting advisors, delivering presentations on investment topics, and supporting asset management programs.Read More...
Investment analysts typically work for major financial institutions, financial firms, fund managers, brokerages and venture capital firms. They work in a professional office environment, sitting long periods of time, and using a computer for most of the day. They typically work during regular business hours, although they may need to work overtime in time-sensitive situations.
A typical investment analyst is expected to work very well in a team environment. They should have outstanding communication skills to use in writing reports, collaborating with coworkers, and speaking in public. Most companies will require, at minimum, a bachelor’s degree in finance, accounting, or a related field. They may also require experience in the field, certification, and/or documented progress towards certification. These certifications can include certified investment management analyst (CIMA), chartered financial analyst (CFA), or chartered alternative investment analyst (CAIA). Investment analysts are expected to have a strong sense of attention to detail, as well as to be extremely diligent and precise in their work.
Investment Analyst Tasks
- Conduct research and analysis to evaluate the financial performance of companies or industries.
- Assist in developing investment strategies for companies or individuals.
- Make recommendations for investments based on company and industry research.
Common Career Paths for Investment Analyst
Investment Analysts may experience a large salary bump if they progress into a role such as Senior Investment Analyst. The latter position pays an average of $92K annually. When Investment Analysts are ready for the next step in their careers, they often become Portfolio Managers or Investment Consultants. Those roles pay an additional $25K and $10K, respectively.
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Popular Employer Salaries for Investment Analyst
The biggest paychecks can be found at Prudential Financial Inc. — the median salary there is $84K.
Popular Skills for Investment Analyst
Investment Analysts seem to require a rather large skill set. Most notably, facility with Investment Planning, Financial Modeling, and Investment Management are correlated to pay that is significantly above average, leading to increases of 41 percent, 10 percent, and 7 percent, respectively. Those listing Trade Compliance as a skill should be prepared for drastically lower pay. Performance Analysis and Client Interaction also typically command lower compensation. The majority of those who know Investment Management also know Research Analysis and Portfolio Management. Those familiar with Financial Analysis also tend to know Microsoft Excel and Research Analysis.
Pay by Experience Level for Investment Analyst
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Experience seems to be a major factor in determining the incomes of Investment Analysts. Relatively untried employees who have less than five years' experience have a median salary of $61K. Those who have been around for five to 10 years can expect to take home more — $79K on average. People with 10 to 20 years of experience make an average of about $81K in this role. Professionals who have racked up more than two decades of experience enjoy comfortable salaries; at this stage, median wages are a cushy $108K.
Pay Difference by Location
For Investment Analysts, New York provides a pay rate that is 28 percent greater than the national average. Investment Analysts can also look forward to large paychecks in cities like Los Angeles (+25 percent), Dallas (+22 percent), San Francisco (+19 percent), and Denver (+18 percent). Midwestern cities St. Louis, Milwaukee, and Indianapolis are less-than-lucrative areas for Investment Analysts, where pay is not only lower than the national average but also represents the three lowest-paid areas in the country. Workers in Milwaukee and Indianapolis earn salaries that trail the national average for those in this profession (20 percent less and 17 percent less, respectively).
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