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Financial Analyst Jobs: The Good and Bad To Know Before Applying

If you're considering a career in financial analyst jobs, you'll want to know these important facts before applying. Let them help to determine whether they're right for you.

Financial jobs are great careers choices because their popularity seems to only grow and grow.  They get more popular just about every single year, because the demand for smarter and more involved financial experts is also growing.  That’s what makes this a fantastic type of field to enter, because there are so many different opportunities as well as a wealth of choices.  Of course, preparing for a career as a financial analyst isn’t always so easy, and it’s important you understand what the job entails beforehand.  With any jobs there are going to be pros and cons, and the good and the bad, and it’s important you’re aware of such things before you decide this type of a career is for you.

Looking into the positive and negative aspects of financial analyst jobs, it’s important to look at the most common sides of the argument that you’re going to encounter.  First you want to look at the good, so that you can figure out if this is the sort of career that you want to pursue:

-Fantastic job growth potential.

This is a career that’s always on the rise, and because of that there are going to be more and more jobs available for analysts than were available the previous year, for some time.  That means there are going to be spaces for you to slip in and find a job, no matter where you plan on working the whole country over.

-Great variety of career options.

Another thing that you’re going to find with any sorts of finance jobs, is that they always give you a great many options as to which side of the fence you want to work on.  Do you want to handle major corporate investments, private investing, tax information, or even mutual funds?  There are careers in any type of field, so you can find an aspect of financial analysis that seems to suit your natural abilities and interests perfectly.

-Great starting salary.

Jobs with a good starting pay are rare, but entry level financial analysts can expect to earn $40,000 to $50,000 annually, and the numbers only go up from there.  Especially when you’re talking about the corporate jobs, you can earn into the executive six figures range in literally no time at all.

-You can work from anywhere.

Another great part of most financial analyst jobs, is that you can find those that allow you to work anywhere.  Whether you’re most comfortable working in the same office everyday, or if you really enjoy traveling there are those jobs that see you moving from location to location.  There are even those that can keep you comfy and cozy at home, as a telecommuting analyst for any firm.

But of course, there are also plenty of not so good aspects that can come with this type of a career choice, and these are what you really need to prepare yourself for, when choosing a path:

-Really competitive field.

Despite the constant growth of financial analyst jobs throughout the field, the competition is growing faster, so it’s still going to be hard to land a job, despite availability, in many cases.

-A ton of education is required.

Because of that competitive nature, you’re going to find that the only way to get ahead is to be in the smaller percentile that actually gets a higher education.  This is going to require a masters, or even a doctorate, so that you can really make your mark and prepare to be the best in the financial world.  That costs both time and effort, before you’re even able to begin your career path.

-Rigorous certification exams are required for many positions.

Nobody ever said applying to financial analyst jobs wasn’t hard work, and you’ll find that’s especially true when it comes to getting certified.  This is legally required to work as a financial advisor or analyst whether on a personal or corporate basis.  That means passing really difficult state tests, designed to push your knowledge to the limit, in all different aspects of the field of finance you would choose to enter.   That’s something to be really prepared for, as the tests take a lot of time, but usually also cost a lot of money each time that you choose to take them.

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