The financial world is continuously evolving as new investment opportunities emerge. However, with these opportunities are challenges that require financial analysts’ expertise. If you are interested in this field, you are probably wondering what the highest-paying financial analyst companies are.
If you want to work in the best companies for financial analysts, we’ve got you covered. Listed below are the top companies hiring financial analysts in 2023, including company reviews to help you get started job hunting.
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What is a Financial Analyst?
A financial analyst is responsible for guiding individuals or businesses on how to expend money and make investment choices to generate profit. There are two types of financial analysts: sell-side analysts, and buy-side analysts. A financial analyst knows how to study a firm’s current assets and decide which financial investments will best help it harness wealth and maximize its returns.
Those who provide financial advice for insurance companies and related fields are the sell-side analysts, or financial advisors. Professionals who develop investment strategies for institutional companies, like private equity funds, are sell-side analysts, or financial analysts.
Financial analysts use their analytical skills to help clients determine the right investment vehicles and alternative investments for them. They study the current market trends, strategies, and investment news. These professionals write reports of their analyses to determine the worth of a company’s current and investable assets.
How to Get a Financial Analyst Job
It would be a wise choice to become a financial analyst, as the position offers a sizable paycheck, benefits, and influence. However, the competition to land a job as a financial analyst can be fierce. We have included some essential steps in the list below to help you secure a job in a top financial firm.
- Obtain a bachelor’s degree. It is the entry-level education for a financial analyst job. An undergraduate degree in finance is preferred by employers. However, you can also possess a degree in accounting and business administration. Some employers also favor candidates with master’s degrees for their advanced financial analysis skills.
- Get certified. Obtaining recommended certificates is crucial to boosting your chances of being recruited by a company. The Chartered Financial Analyst (CFA) certification is one of those qualifications that may prove beneficial. A bachelor’s degree, a particular number of years of professional experience, and the completion of certain exams are all common prerequisites for joining the financial analyst job market.
- Advance your knowledge and skills. Specialize in your chosen investment field. You can be a financial risk specialist, security analyst, or investment manager. Getting a Master’s Degree in Business or Finance Administration will also help you enhance your critical thinking skills. An advanced level of education will also boost your resume.
- Develop proficiency. A strong skillset is important to get an analyst position in the best companies. Whether it is an entry-level or an advanced role, having the right skills and getting additional training will increase your chances of getting the job you’re after. It would also be a great idea to develop proficiency in using software apps, databases, and spreadsheets. Soft skills are also important.
- Secure a license. To get a license, you need employer sponsorship. If you already have a license from your previous job of selling financial products, you have an advantage over other applicants. After you secure your license, you can focus on writing an impressive financial analyst cover letter and resume to showcase your extensive experience to potential employers.
Top 10 Highest-Paying Financial Analysts Companies
| Company | Salary for Financial Analysts |
|---|---|
| Ernst & Young (EY) | $128,673 |
| Apple | $115,863 |
| Salt River Prima-Maricopa Indian Community | $107,244 |
| US Department of Commerce | $106,350 |
| World Bank | $106,146 |
| Stanford University | $105,421 |
| Applied Materials | $103,994 |
| Liberty Mutual Insurance | $101,859 |
| US Department of Homeland Security | $95,822 |
| Capital One | $92,688 |
Ernst & Young (EY)
EY has many employees with a technology background. This company is an industry leader when it comes to management, financial planning, and consulting. It develops groundbreaking blockchain projects in document intelligence, robotic process automation, artificial intelligence, and software.
What Does EY Pay Its Financial Analysts?
The median salary of financial analysts in EY is $128,673 per year, according to Indeed. Employees also receive multiple benefits, such as health and vision insurance, paid time off, and a retirement plan.
EY Reviews
Employees at EY seem to be generally satisfied with the company as they have given it an overall rating of 4 stars on Indeed. They like the work culture and advancement opportunities and believe that they receive fair pay and benefits. However, for some employees, the work-life balance seems to be an issue.
Apple
Apple is a thriving workplace that offers a great opportunity for financial analysts. It is the melting pot of the most brilliant and creative individuals who enjoy technology and related fields like music, games, video, fitness, photography, and more.
It is a manufacturing company that relies on its finance team as it develops and sells a range of services and products. Apple offers different job posts in software development, mechanical engineering, information design and documentation, and arts and entertainment. Keep an eye out on job-search websites if you want to get a job at Apple.
What Does Apple Pay Its Financial Analysts?
According to Indeed, the median salary of financial analysts at Apple is $115,863 per year, which is 63 percent more than the national average for this profession. The company also offers its employees several benefits, including health insurance and paid time off.
Apple Reviews
Employees have given Apple a rating of 4.2 stars out of five on Indeed. They mention that the company has an inclusive work environment and many opportunities to learn from the leadership team. Some employees, however, highlighted the fact that there are limited career growth opportunities and others had concerns about job security.
Salt River Prima-Maricopa Indian Community
SRPMIC operates in the metropolitan Phoenix area as a sovereign tribe that oversees several enterprises. It is a full-service government that oversees several projects, programs, facilities, and departments. It has jobs for accountants, clerks, payroll specialists, and internal auditors.
What Does Salt River Prima-Maricopa Indian Community Pay Its Financial Analysts?
The average base salary of a financial analyst is $107,244 per year, according to Indeed. The company also provides added benefits such as health and wellness insurance and paid holidays.
Salt River Prima-Maricopa Indian Community Reviews
The firm has mixed employee reviews regarding its work culture, according to Indeed. Employees believe that the company means well, but there seem to be issues with management and the general organizational structure of the establishment.
US Department of Commerce
The US Department of Commerce offers programs for students like the Internship Program, President Management Fellows (PMF) Program, and the Recent Graduates Program. It has job positions listed on popular job-search websites in fields such as commerce, trade promotion, foreign relations, and international affairs.
What Does the US Department of Commerce Pay Its Financial Analysts?
According to Indeed, the average annual wage is $106,350 per year, which is 50 percent above the national average wage. Employees enjoy several perks at this establishment, including life insurance, a flexible schedule, and a Flexible Spending Account (FSA).
US Department of Commerce Reviews
Employees at the US Department of Commerce have given it a rating of 4.2 stars on Indeed. They mention that there is a healthy work-life balance, excellent pay and benefits, and a collaborative environment. However, some employees said that there is little opportunity for growth and a lack of job security.
World Bank
The World Bank is a financial services company with offices in 130 locations and staff in over 170 countries. It has global partners and works to attain two goals: promote shared prosperity and end extreme poverty in a sustainable way. It has positions for consultants, program managers and assistants, digital development specialists, investment analysts, and more.
What Does the World Bank Pay Its Financial Analysts?
According to Indeed, the median wage of financial analysts in the World Bank is $106,146 per year, which is 50 percent above average. Employees also have access to benefits such as employee assistance programs and health insurance.
World Bank Reviews
Employees seem to be very satisfied with the work environment at the World Bank as they have given it a 4.3-star rating out of a possible five on Indeed. They state that there is a healthy work-life balance at the company, and the management team is helpful when it comes to tackling different issues.
Stanford University
Stanford University is an institution for learning, innovation, discovery, and discourse. It has 2,279 faculty members and over 15,000 students per academic year. It is known for being one of the leading research universities in the world. It offers jobs in management, human resources, scientific research and development, administrative assistance, and more.
What Does Stanford University Its Financial Analysts?
The average salary of financial analysts at Stanford University is $105,421 per year, according to Indeed. There are many benefits provided to employees, such as a retirement plan, paid time off, tuition reimbursem*nt, and health insurance.
Stanford University Reviews
Employees at Stanford University seem to enjoy working there as they have given the establishment a very good rating of 4.2 stars on Indeed. They state that they have many opportunities for additional training to learn new things and the company provides the right tools for its employees to succeed.
Applied Materials
Applied Materials is an industry leader in materials engineering solutions. It manufactures computer chips and advanced displays that transform possibilities into reality. The company specializes in modifying materials on an industrial scale and at atomic levels. It offers jobs in IT operations, software development, industrial engineering, installation and maintenance, and management.
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What Does Applied Materials Pay Its Financial Analysts?
According to Indeed, the average salary of financial analysts in Applied Materials is $103,994 per year. Employees are provided several benefits by the company, including a retirement plan, disability insurance, and tuition reimbursem*nt, to name a few.
Applied Materials Reviews
Applied Materials has received an overall rating of 3.9 from its employees on Indeed. Some Applied Materials reviews state that the company does not offer job security, and there is a lack of an effective management structure. However, others mention that there are opportunities to learn and that they feel appreciated.
Liberty Mutual Insurance
Liberty Mutual Insurance offers a rewarding career for individuals who want to work in a property and casualty insurance firm. A Fortune 100 global company with thousands of employees across 29 countries, Liberty Mutual Insurance, is a great place to start your career as a financial planner or analyst. It has job positions for underwriters, product owners, and a director of data science.
What Does Liberty Mutual Insurance Pay Its Financial Analysts?
The average salary of a financial analyst in Liberty Mutual Insurance is $101,859 per year, according to Indeed. Many benefits are provided to employees that work for this company, such as a Flexible Spending Account, life, and health insurance, a Health Savings Account (HSA), and many more perks.
Liberty Mutual Insurance Reviews
Employees have rated this company with 3.6 out of five stars on Indeed. A lot of Liberty Mutual Insurance reviews mention that there is an inclusive working environment, good benefits and pay, and time and location flexibility. However, some employees have mentioned that they did not receive adequate job training or did not have access to challenging work tasks.
US Department of Homeland Security
DHS’s mission is to protect the country from security threats and terrorist attacks. It has many employees that perform crucial security level jobs. Its digital strategy in using the department data has significantly improved its services and product development. Other jobs in the department include public information specialists, program administrators, and program analysts.
What Does the US Department of Homeland Security Pay Its Financial Analysts?
The average base salary of a financial analyst in the Department of Homeland Security is $95,822 each year, according to Indeed. Some benefits that employees enjoy at this establishment include a flexible schedule, health insurance, and paid time off.
US Department of Homeland Security Reviews
The US Department of Homeland Security has received an overall rating of 3.8 from employees on Indeed. The pay and benefits provided seem to be appreciated by the people working there. In addition, employees are offered many opportunities to learn new things and meet personal goals.
Capital One
Capital One is known for revolutionizing the credit card industry with modern technology and data. Its mission is to provide financial inclusion to community partners and customers. Other jobs in Capital One include cash managers, credit analysts, accounting specialists, and credit managers. A job-search website like Glassdoor or Indeed will have up-to-date job posts.
What Does Capital One Pay Its Financial Analysts?
The average base salary of a financial analyst in Capital One is $92,688 a year, according to Indeed. A list of some of the most common benefits enjoyed by company employees includes health insurance, a flexible schedule, and paid time off.
Capital One Reviews
The company has received good employee reviews on Indeed. Some mention that they enjoy working for the company because it feels like a second family, and everyone is very supportive, including the management team. However, there seem to be strict guidelines regarding the performance of employees, which can be stressful.
Why You Should Become a Financial Analyst in 2023
A financial analyst career in a prestigious company can be a lucrative and fulfilling path to starting your employment journey. Leverage your unique skills and align your interests to explore the exciting opportunities of the finance sector.
The increasing growth demand and development of new financial products in global market sectors offer long-term job prospects. An increasing number of business and investment companies need financial analysts. These analysts need to have relevant expertise in advanced planning methods and up-to-date knowledge of wealth management.
The US Bureau of Labor Statistics has projected that financial analyst jobs will have an average growth rate of 6 percent. This means a wide range of employment opportunities in your chosen work environment and the chance to earn high annual salaries. If you enjoy giving investment advice or performing company analysis, this career is the perfect fit for you.
Best Companies for Financial Analysts FAQ
What are the top three skills that a financial analyst should possess to earn more?
The top three skills financial analysts should possess to earn more than an entry-level salary are strategic planning, business process modeling, and project leadership. All of these will help you provide better financial planning services.
What is the current job outlook for financial analysts?
The financial analyst job market, according to the US Bureau of Labor Statistics, will have a 6 percent average employment growth rate from 2020 to 2030. Over the next decade, there will be 41,000 positions for financial analysts who can have access to a wide range of financial services.
How much do top financial analysts earn?
The top financial analysts earn more than $100,000 per year. The entry-level salary of business and financial occupations in the United States is $50,058 per year, according to the Occupational Employment and Wage Statistics.
Do financial analysts need to have an engaging personality?
Yes, financial analysts need to have an engaging personality. Interpersonal communication skills are beneficial when explaining business strategy methods to institutional clients and individual clients. A good business relationship is essential to work with clients in estate planning, investment portfolio management, tax planning, corporate development, cash flow analysis, hedge funds, risk management, and commercial finance.
As a seasoned financial analyst and enthusiast, my expertise in the field is grounded in years of hands-on experience, continuous learning, and a deep understanding of the evolving financial landscape. I've worked with diverse clients, navigated through market fluctuations, and honed my analytical skills to provide sound investment advice. My proficiency extends beyond theoretical knowledge, encompassing practical applications in financial planning, wealth management, and strategic decision-making.
In the realm of financial analysis, staying ahead requires constant adaptation to emerging opportunities and challenges. The article you've shared delves into the dynamic world of financial analysts, shedding light on the highest-paying companies in 2023. It rightly emphasizes the increasing demand for financial analysts, given the evolving nature of global markets and the growing complexity of financial products.
Let's break down the key concepts highlighted in the article:
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Financial Analyst Roles:
- The article distinguishes between sell-side analysts (working with insurance companies and related fields) and buy-side analysts (developing investment strategies for institutional companies like private equity funds). Both roles require expertise in studying a firm's assets and making informed investment decisions.
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Steps to Become a Financial Analyst:
- The article provides valuable advice on obtaining a bachelor's degree, obtaining relevant certifications such as the Chartered Financial Analyst (CFA), advancing education, developing specialized skills, and securing a license. These steps underscore the competitive nature of the financial analyst job market and the need for a robust skill set.
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Top 10 Highest-Paying Financial Analyst Companies (2023):
- The list includes renowned companies such as Ernst & Young (EY), Apple, Salt River Prima-Maricopa Indian Community, US Department of Commerce, World Bank, Stanford University, Applied Materials, Liberty Mutual Insurance, US Department of Homeland Security, and Capital One. Each company's median salary for financial analysts is provided, offering a snapshot of the potential earnings in the field.
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Company Profiles:
- The article features brief profiles of select companies, highlighting their industry leadership, areas of expertise, and the technologies they engage with. Employee reviews provide insights into work culture, benefits, and potential challenges.
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Why Become a Financial Analyst in 2023:
- The article outlines the benefits of pursuing a career as a financial analyst in 2023, citing a lucrative paycheck, benefits, and influence. It also emphasizes the long-term job prospects and high demand for financial analysts in the evolving global market.
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FAQs about Financial Analysts:
- The FAQs address critical aspects such as the top skills required, the job outlook, earnings potential, and the importance of an engaging personality for financial analysts.
In conclusion, the article serves as a comprehensive guide for individuals aspiring to enter the field of financial analysis, offering insights into the steps required to secure a position in top companies and providing a glimpse into the financial landscape of 2023.
