The Ultimate Guide for Entry Level Financial Analyst – Salary, Resume and Jobs

1x1.trans The Ultimate Guide for Entry Level Financial Analyst – Salary, Resume and Jobs

 

After reading my last two articles, financial analyst job description part-1 and part-2, many readers got in touch with me through phone, e-mail and Facebook messages.

After discussing with them, I think many of you want to know the criteria for entry level financial analyst jobs, salary, and resume and how to find these jobs.

I’ve done an in-depth research on this topic and you will find this article useful if you’re looking for an entry level financial analyst career.

So, here we go.

 

Entry level financial analyst jobs guide

 

Job scenario

 

As per Accounting Principles’s study, the most ‘in-demand’ entry level finance jobs are:

See? Financial Analyst tops the list.

Apart from the jobs mentioned above, entry-level investment analyst Jobs are also in demand.

I’m a big fan of using Google and many other websites for doing research and analysis of anything … yes, anything.

So, for this post also, I’ve used Google extensively and found out what you as an entry level financial analyst needs to know.

First things first.

 

Job description of entry level financial analyst

 

Responsibilities of entry level finance Jobs

 

  • To provide and coordinate a comprehensive business administration service to management and analysts within team.
  • The successful candidate will be responsible for all administrative work related to that subset of deals.
  • In addition, the successful candidate will be responsible for providing cover for team, in the event of absence and holidays, to ensure a seamless service to the team.
    General business administration role in a Financial Services Organization Data entry, data maintenance and data quality assurance for Rating queues
  • Assist analysts in creating press releases, research, and analysis Tracking all actions and  publications
  • Deliver high level of service across a high volume of transactions Identify, research and resolve issues involving data processing errors
  • Preparation of financial reports.
  • Bank reconciliations, financial statement preparation.
  • Perform office administration including support, as needed.
  • Market research analysis.
  • Explaining complex financial information to non-financial personnel.

 

Skills and qualifications required for entry level finance jobs

  • Bachelor’s degree required ideally within a Financial discipline
  • Strong administrator with excellent administrative skills
  • Well developed IT skills including Outlook, Word, Excel and PowerPoint
  • Strong analytical skills, work ethic, independence, problem solving ability, effective communication skills, and over-all positive attitude.
  • Excellent oral and written communication skills
  • Strong computer knowledge and skills, including in-depth expert knowledge of spreadsheet, database, and word processing.
  • Strong organizational skills with the ability to multi-task while under pressure.
  • Customer service oriented.

 

Entry level financial analyst salary

 

1x1.trans The Ultimate Guide for Entry Level Financial Analyst – Salary, Resume and Jobs

 

Entry-Level Financial Analyst Salary will be in the range of $50,000-60,000, if you are in US.

For other countries, I would suggest you to visit Salary or Payscale.

 

Interview questions

 

1x1.trans The Ultimate Guide for Entry Level Financial Analyst – Salary, Resume and Jobs

 

There would be a telephonic round first for entry level financial analyst. This round will be for almost 30 minutes.

If you clear the first round, you will be invited for a one-on-one interview.

The questions?  They will ask you behavioral and technical questions like:

  • Tell me about yourself
  • What is beta? Can you explain it in detail?
  • What are your strengths and weaknesses?
  • What is CAPM and WACC?
  • How do you calculate cost of equity?
  • What is debit and credit in accounting?
  • What’s the difference between operating profit, gross profit and net profit?
  • What are the three most important ratios to check  a company’s financial strength?
  • Why do you want to join our company?
  • What is the difference between FCFF and FCFE?
  • What is LIBOR?
  • What is shareholders equity? How do you calculate it?

Please note that the above questions are only representative. The interviewer can ask other questions based on the position, your role and your resume.

 

Entry level financial analyst resume

 

So, what should I mention in my resume objective field?

 

 

1x1.trans The Ultimate Guide for Entry Level Financial Analyst – Salary, Resume and Jobs

 

 

You can write your resume objective like:

  • To obtain a position where I can apply my skills and knowledge in a challenging and progressive environment that also allows for future advancement.

OR

  • Employ my experience in financial analysis in a competitive working environment to make a significant contribution to the financial stability of the firm.

In short, if you’re looking for an entry level financial analyst position, do your own research, check what the eligibility criteria and skills required by employers, visit job sites like Monster, create a professional resume with no grammatical errors, prepare really well for interviews and last but not the least … believe in yourself.

Learned Something? Share The Love!

I know that you have a ton of insights that I didn’t cover in this post.

I’d love to hear anything you’ve picked up since starting in financial analysis.

It doesn’t have to be an Earth-shattering insight.

Even a helpful tip would be awesome.

So leave a comment right now with something you’ve learned.

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1x1.trans The Ultimate Guide for Entry Level Financial Analyst – Salary, Resume and Jobs

16 Responses to “The Ultimate Guide for Entry Level Financial Analyst – Salary, Resume and Jobs”

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  1. Swaraj says:

    Hi Avadhut

    I’m a B.tech Graduate and currently have a Work Exp. of 02 years in IT Domain. I am trying to get into Finance domain. I have keen interest in developing my career in Financial domain and for that, I have completed my CFA Level 1 and a course on Financial Modelling.

    I would appreciate your Guidance on this.

  2. Abhilash says:

    Hi Sir,

    I have completed BE in information science in 2010 and I am currently working with ICICI Bank Ltd from past 3.2 years as Customer Service Manager at present. And now I am thinking to work as a financial analyst, for that what would be good like MBA or any Distance Education. I am researching from past 15 days still not got answer how to shift my career as a financial analyst. Kindly do suggest me about the requirements for pursuing my career as a financial analyst. and is there is any age criteria in companies because I am 26 now. Kindly guide me

    • Hi Abhilash,

      Frankly, you need both – education and skills – to succeed as a financial analyst.

      MBA requires you to invest 2 years and decent money.

      Take a look at our 6-week program in Delhi that will help you make a career in financial analysis. Of course, you need to clear our selection round for this. If you want to know more details as how this program can help you, email me your contact number and my associate will call you.

  3. Seraj Akhtar says:

    Hi Sir,
    This is seraj, I did my MBA in finance from IIBS college Bangalore in 2011 October, after that i got selected 3 or 4 companies but unable get final call or offer letter, right now i don’t have job and i am passing through depression. I feel i lost everything, hope, emotion faith of my family, what i have to do, to get a job please help me out.

    • Avadhut says:

      Hi Seraj,

      Ask yourself why were you not selected for 3-4 companies that you mentioned.
      I think the current market demands you to take some active steps. What you can do now:

      1. Check which are your strong and weak areas and how will you fulfill demands of employers.
      2. Join a skill enhancement program that will give you skills and confidence required in the market.
      3. Many companies do not advertise their jobs, so either approach them directly or through employees in these companies.
      4. Create an excellent resume that will showcase the skills required by employers . Remember to customize your resume each time you send it to an employer.
      5. All the above steps will boost your confidence and it will show in the next interview.

      Please remember knowledge is not enough, but application of it is important.

      Regards,
      Avadhut

      • Seraj Akhtar says:

        Thank you so much Sir
        Whenever i went to interview i fully prepare but some times i find uncomfortable giving answer to the question even i have knowledge.
        Second thing is that before going to interview, one negativity always come in mind “i ill not be selected” i don’t know why its always came, it is just because of selected in 3 or 4 interview, i did not get the final call for joining or something called luck. Please focus on this, how can i get rid of this negative thought coming in my mind and heart. Please

        • Avadhut says:

          Hi Seraj,

          Here’re a few things you can do:

          1. Remind yourself that this is a temporary feeling and not permanent. It’s absolutely normal to feel bad about the past. However, you can’t change the past and by thinking about your past, you’re only worsening your present.

          2. Do this exercise: Everyday sit in a calm place, do deep breathing for 5 minutes. Close your eyes and see that you’re giving an excellent interview. You’ve to imagine as if you’ve already given a successful interview and what will you do after that. You may celebrate it with your family, party with friends etc. . By doing this exercise you’re actually convincing your mind that you will succeed in the next interview.

          3. Prepare really well and focus on your performance and not on results.

          4. Research about the company that you’re going for the interview. Remember, if are well prepared, it automatically brings confidence on your face and body language and it’ll show in the interview.

          All the best.

          Regards,
          Avadhut

  4. sagar says:

    Hi, Myself sagar from Hyderabad. i am B.Com Graduate completed in 2001 and i have experience in admin and accounts field. Presently i am pursuing my MBA – 4th sem. Now i want to shift my career into Finance field. Please suggest me how get job in Finance field.

    • Avadhut says:

      Hi Sagar,

      1. Check job openings available on job sityes such as Naukri, Monster.
      2. Check whether you have the skills mentioned in eligibility criteria.
      3. If yes, apply to the openings directly.
      4. If not, gain the skills through training programs.
      5. Develop a roadmap for your career.

      Hope this helps.

      Regards,
      Avadhut

      • sagar says:

        Thanks for your reply. I having 8 yr’s experience in admin and partial accounts not full fledged accountant. So, which course is best to start career in finance. They have any age criteria for job at entry level in finance.

  5. SAMANNAY KASHYAP says:

    I have completed my MBA in FINANCE in 2012 and I am looking forward to make a career in FINANCE.But I am hardly getting any interview calls for finance.I don’t have any idea of what to do now.Is the market down or there is any other reason for not getting calls.But guide me in this regard.

    • Avadhut says:

      Hi Samannay,

      Yes, market worldwide is down. However, there are still some things you can do.
      1. Contact and meet the company people directly at their premises. Show them that you’re fit for the job. Ask for paid/unpaid internship of 3-6 months.
      2. check where your college alumna are working or your batch-mates are working. Contact them and ask them whether they can refer you in their companies. Many companies do not advertise their jobs, so this strategy should work.

      All the best.

      Regards,
      Avadhut

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