Financial Analyst Salary UK
A financial analyst is a person whose job is to assess the financial condition of a business or asset to determine whether it is a sound investment.” – Oxford Dictionary.
The roles and responsibilities of financial analyst are:
- Communicate with internal departments and external parties.
- Identify problem areas and provide financial solutions in processes and procedures.
- Formulate cost analysis and communicate benefits among departments.
- Estimate the risks and suggesting risk mitigation strategies.
- Formulate written report and present to fund managers.
- Keeping up to date information about financial products and informing clients about new saving and investment opportunities
Average Financial analyst salary in United Kingdom
The average salary of a financial analyst in the United Kingdom is £40,098/yr. The average is calculated from the sample of five different hiring websites, including Glassdoor, Payscale, Reed, totaljobs, and indeed. This average is based on a sample of 3,064 job posts on the mentioned websites.
The salary range of a financial analyst varies from £25,000 to £65,000 in the United Kingdom. This range is due to many factors, variables, which are discussed next.
Variables that determine salary of Financial Analyst in United Kingdom
- Geographical location: The pattern of salaries paid in the United Kingdom varies from location to location. The highest paying city for a financial analyst in the UK is London
- Level of experience: The experience of a financial analyst matter, the more experienced the individual is the more pay he/she would get.
|£25,000 to £40,000/year
|Experienced financial analyst
|£65,000 to £100,000/year
|£110,000 or more/year
Skills, Qualification and Career Development
There are various industries and sectors which are looking for financial analyst. So as an aspiring financial analyst, you can work in any field and sector of your interest. Typical sectors looking for financial analysts are:
- Investment management companies
- Stockbrokers and investment banks
- Wealth management divisions of investment banks
- Institutional investors
- Hedge funds
A bachelor’s degree in accounting, economics, mathematics, statistics, or a relevant field can help an individual secure a job as a financial analyst. However, an individual with a degree in any other discipline can also work as a financial analyst. A prior experience in the field can give you added advantage in gaining a position in an organization.
The following skills would help become a successful and efficient financial analyst.
- Proficiency in an accounting and financial software program.
- Organizational and management skills.
- Excellent communication, interpersonal, and listening skills.
- Research and analytical skills.
- Negotiating and influencing skills.
- A strong interest in numerical data and financial analysis.
- Good understanding of financial terminologies.
- Ability to learn quickly and flexible approach to work.
- Ability to negotiate, plan and initiate projects.
- Business awareness and team working skills.
A financial analyst career can progress into an executive-level position. But to reach such a height of career progression a financial analyst should widen his/her scope at the start of his/her career.
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“Financial Analyst Salary UK”
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