Financial Analysts...

College Majors Business Major
1

<p>I was reading on different financial careers on princeton review and I noticed that financial analysts dont make that much money. Im not all about the money either, but I just thought their salaries were a little low. Here's what princeton review said:</p>

<p>"Career: Financial Analyst</p>

<h1>of people in profession: 735,000</h1>

<p>Average hours per week: 55
Average starting salary: $39,800
Average salary after 5 years: $44,800
Average salary after 10 to 15 years: $190,000"</p>

<p>Are these figures right? They dont seem like it to me.</p>

2

<p>the financial analysts that most people talk about on these forums is for investment banking. Those figures are right. You do realize that investment banks aren't the only people who hire financial analysts, right? Companies have to hire them too. That's why the salary seems low and that's why the hours seem that way.</p>

<p>Also, keep in mind -- those salaries list above don't factor in bonuses.
But again, that description is not the kind of financial analyst that most people talk about on these forums.</p>

3

<p>So these figures are from regular companies? Not from ibanks? I dont want to be an ibanker anyway. How much are bonuses usually? </p>

<p>
[quote]
But again, that description is not the kind of financial analyst that most people talk about on these forums.

[/quote]
</p>

<p>What description are u talkin about?</p>

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<p>I mean by the figures you listed above.</p>

<p>And as for what a financial analyst for a company makes, it will vary from company to company. here's some figures though.</p>

<p><a href="http://www.careers-in-finance.com/cfsal.htm%5B/url%5D"&gt;http://www.careers-in-finance.com/cfsal.htm&lt;/a&gt;&lt;/p>

<p>Overall, I don't understand why you're thinking those numbers are low. They're not. The fact of the matter is, it says 55 hours of work a week. an I-Banker is going to be working 80-120 hours a week, that's why they get high pay. If you're working less hours it should be a given that you'll be paid lower. Making 35-40k with just an undergraduate degree is not terrible. Considering there's also room for growth in promotions, etc.</p>

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<p>Well then how much are bonuses usually? And about how often do u get them, if more than once.</p>

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<p>And I still dont think PR's numbers are right, cause I checked another career in which I know how much they make, cops (my dad is one), and it said that the average salary after 10-15 years is $48,500, which is way low. My dad made $70,000 after only a few years, and he isnt a sergeant or captain or anything, and it is in a small town of about 10,000 people.</p>

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<p>Bonus for a first year will be low. You will probably take in TOTAL COMPENSATION 35-50k first year. </p>

<p>And yeah, PR's numbers are a bit off. My school's joob board has a financial analyst position with Coca Cola posted right now. 2 years job experience they're saying expect pay of 40-70k. The 70k would probably go to someone who has an MBA.</p>

<p>You have to understand that these numbers will vary greatly from company to company.</p>

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<p>Ok thanks dcfca</p>

9

<p>Princeton reviews numbers for traders are nice:</p>

<h1>of people in profession: N/A</h1>

<p>Average hours per week: 50<br>
Average starting salary: $90,000<br>
Average salary after 5 years: $500,000<br>
Average salary after 10 to 15 years: $1,000,000</p>

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<p>Ya, so are ibanker's. I need to start reading more on ibanking. Getting sort of interested I am.</p>

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<p>Almost the bulk of compensation of traders is performance based. Average salary tables don't really reflect the typical pay of traders.</p>