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
- Make recommendations for investments based on company and industry research.
- Assist in developing investment strategies for companies or individuals.
- Conduct research and analysis to evaluate the financial performance of companies or industries.
Common Career Paths for Investment Analyst
While Investment Analysts do not often become Senior Investment Analysts, the job pays $91K per year on average. Portfolio Managers or Investment Consultants are common next-step roles for Investment Analysts moving up in their careers; annual pay for Portfolio Managers is $25K higher on average, and it's $11K higher for Investment Consultants.
Financial / Securities / Investments Analyst Job Listings
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Popular Employer Salaries for Investment Analyst
Heading up the field in terms of compensation, Prudential Financial Inc. offers the most; Investment Analysts earn $84K on average there.
Popular Skills for Investment Analyst
Survey takers working as Investment Analysts report using a large range of professional skills. Most notably, facility with Investment Planning, Financial Modeling, and Investment Management are correlated to pay that is significantly above average, leading to increases of 42 percent, 10 percent, and 8 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. Most people familiar with Financial Analysis also know Microsoft Excel and Research Analysis. It is often found that people who know Investment Management are also skilled in Research Analysis and Portfolio Management.
Pay by Experience Level for Investment Analyst
Median of all compensation (including tips, bonus, and overtime) by years of experience.
For many Investment Analysts, extensive experience does not lead to significantly more money. Survey participants with less than five years' experience pocket $61K on average, but those with five to 10 years of experience enjoy a much bigger median of $79K. Investment Analysts claiming one to two decades of experience make an estimated median of $81K. Individuals who report more than two decades of experience seem to make only slightly more than folks in the 10-to-20 year range; the more senior group sees median earnings in the comparatively modest ballpark of $83K.
Pay Difference by Location
For those looking to make money, Investment Analysts in New York enjoy an exceptional pay rate, 26 percent above the national average. Investment Analysts will also find cushy salaries in Dallas (+23 percent), Los Angeles (+19 percent), San Diego (+18 percent), and San Francisco (+18 percent). For Investment Analysts, location is an influential factor in determining pay. Three cities in the Midwest — St. Louis, Milwaukee, and Indianapolis — not only report salaries that trail behind the national average, but are in fact the lowest-paid American cities for those in the field. Milwaukee and Indianapolis are a couple other places where companies are known to pay below the median — salaries are 19 percent lower and 17 percent lower, respectively.