How to Get an Entry Level Financial Analyst Job

Introduction

Getting an entry level financial analyst job can be a daunting task for many people. For those who are unfamiliar with the field, it can be difficult to know where to start. This article will provide practical advice on how to get an entry level financial analyst job. By following these steps, readers can increase their chances of finding a job in the financial industry.

Research the Field

The first step in getting an entry level financial analyst job is to research the field. It’s important to understand what the job entails, what qualifications are needed, and what the salary range is. This information can help you decide if this is the right career path for you.

When researching the field, it’s important to look into the job duties. Financial analysts typically analyze data and make decisions based on their findings. They are often responsible for creating financial models, preparing reports, and making presentations. It’s also important to understand the qualifications needed for the job. Most employers require at least a bachelor’s degree in finance or a related field. Knowledge of financial software and strong analytical skills are also important.

It’s also important to understand the salary range for entry level financial analyst jobs. According to the Bureau of Labor Statistics, the median annual wage for financial analysts was $84,300 in May 2019. The lowest 10 percent earned less than $54,000, and the highest 10 percent earned more than $150,700.

Develop a Resume and Cover Letter Tailored to the Job

The next step in getting an entry level financial analyst job is to develop a resume and cover letter tailored to the job. It’s important to highlight any related skills or experience that you have. For example, if you have taken courses in finance or have worked in a related field, make sure to mention this on your resume. You should also emphasize any other qualifications that may be relevant, such as knowledge of financial software or strong analytical skills.

Network

Another important step in getting an entry level financial analyst job is to network. Reach out to contacts in the financial industry, such as former colleagues, professors, or mentors. These contacts may have insight into current job openings or may be able to introduce you to people who can help you find a job.

Search Job Postings

In addition to networking, it’s important to monitor job boards and websites for openings. Many companies post job listings online, so it’s important to stay up-to-date with the latest postings. You can also sign up for job alerts, which will notify you when new job postings become available.

Attend Job Fairs

Job fairs are a great way to meet potential employers and learn about job openings. Take advantage of career fairs and other networking opportunities to connect with potential employers and learn more about the field.

Take Classes and Certifications

Taking classes and earning certifications can demonstrate proficiency in the field and make you more attractive to potential employers. Consider taking courses or earning certifications related to finance or financial analysis.

Apply

Once you have researched the field, developed a tailored resume and cover letter, networked, searched job postings, attended job fairs, and taken classes and certifications, it’s time to apply. Submit resumes, cover letters, and other materials to employers to increase your chances of getting an interview.

Conclusion

Getting an entry level financial analyst job requires research, preparation, and hard work. By following the steps outlined in this article, readers can increase their chances of finding a job in the financial industry. Research the field, develop a tailored resume and cover letter, network, search job postings, attend job fairs, take classes and certifications, and apply.