Junior Financial Analyst Salary
Job Description for Junior Financial Analyst
A junior financial analyst is responsible for assisting senior analysts in various accounting and/or financial management duties. Depending on the structure and function of the organization, a junior financial analyst may be part of the finance or accounting department. Duties may include gathering and analyzing market data, as well as drafting financial reports. Data collection may take place through research, interviews, and Internet searches. Analysis is typically communicated through written financial and statistical reports. Accounting tasks tend to include preparation of monthly accounting statements, analysis of internal financials, monitoring budgets, and documenting variances. At the discretion of the senior team members, a junior financial analyst may also be called on to make recommendations.Read More...
Junior financial analysts generally work in an office setting during regular business hours, although overtime may be required depending on the needs of the company. . Depending on the organization, they may work with clients or with internal resources.
Education requirements typically include at least a bachelor’s degree in finance, accounting, business, economics, or a related field. Because the junior financial analyst is required to perform data analysis, the ability to use advanced functions of spreadsheet software such as Microsoft Excel is required. Much of the data gathered and used by junior financial analyst are stored in databases, so the ability to use database software is a desirable skill among individuals employed in this role. Companies also tend to look for individuals with the ability to work independently with minimal supervision.
Junior Financial Analyst Tasks
- Analyze and interpret financial and market data to provide logical, repeatable explanations.
- Prepare financial reports on market trends, customer analysis, statistics, costs and margin structures.
- Analyze business processes and procedures to identify areas of weakness; offer solutions to improve operations.
Junior Financial Analyst Job Listings
Search for more jobs:
Popular Skills for Junior Financial Analyst
Junior Financial Analysts report using a wide range of professional skills. Most notably, skills in Data Analysis, Financial Analysis, Financial Reporting, and Microsoft Excel are correlated to pay that is above average. Skills that seem to negatively impact pay include Microsoft Office. For most people, competency in Financial Analysis indicates knowledge of Financial Reporting.
Pay Difference by Location
Junior Financial Analysts will find that Dallas offers an impressive pay rate, one which exceeds the national average by 7 percent. Junior Financial Analysts will also find cushy salaries in Houston (+4 percent), Washington (+3 percent), New York (+3 percent), and Boston (+2 percent). San Diego ranks last in the field for pay, reporting salaries 3 percent below the national average. Below-median salaries also turn up in Los Angeles and Atlanta (2 percent lower).
Related Job Salaries
Key Stats for Junior Financial Analyst
Rated 4 out of 5
based on 26 votes.