Denver Staffing Agency - Financial Analyst Job Outlook Expected to Grow 23%
- 4/2/13 |
- 12:35 PM
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Financial Analysts provide guidance to businesses and individuals making investment decisions. They study company financial statements and analyze commodity prices, sales, costs, expenses, and tax rates to determine a company's value by projecting its future earnings. They often meet with company officials to gain a better insight into the firm’s prospects, management, and strategies.
Financial Analyst Employment Expected to Grow 23% from 2010-2020
Denver Staffing Managers and Denver financial recruiting firms are seeing a rise in demand for Financial Analysts. In fact, according to the U.S. Department of Labor, Bureau of Labor Statistics, the job outlook and employment for Financial Analysts is expected to grow 23 percent from 2010 to 2020 nationwide. That is faster than average for all occupations.
Denver Staffing Agencies See Increased Demand
Financial recession or not, J. Kent Staffing has experienced an increased demand for Financial Analyst staffing in 2012. Although most Financial Analysts work in the finance, securities or insurance industries, we have noticed the increased demand spanning across all industries and sectors. What is driving this noticeable increase?
- A general renewed interest in fiscal accountability
- A greater need for Denver companies and entrepreneurs to maximize their ROI
- A greater need for in-depth knowledge of geographic regions
- A greater need for in-depth analysis of new 21st Century business and geo-political analytics
- A growing range of more complex investment portfolios
- A growing range of financial products available
Denver Financial Analysts – Take the Guess Work Out of the Planning Process
According the American Management Association accurate financial analysis is a fundamental element of growth, strategy, and overall success. As the demand continues, J. Kent Staffing recognizes that our Denver companies, organizations, and individuals are hungry for current, important financial indicators or benchmarks in order to compete in a global economy. Our clients understand that with quantifiable, supported information, their executive team will be able to better allocate corporate resources and evaluate potential projects for a maximum return-on-investments (ROI). Thus they are currently in the hunt for Financial Analyst professionals that are seasoned and experienced individuals who will make a sustainable, day-to-day difference to their business.
Financial Analyst Professionals – Skilled, Well-Rounded Business Analysts
On any given day in Denver, Colorado a Financial Analyst will work on portfolios for clients, study a company’s financial statements to analyze the value of future earnings, review economic trends, meet with a company’s management, and prepare written reports. And, although Financial Analysts typically focus on movement within a specific industry, geographical region, or type of product, in order to execute the position successfully, they must also be able to understand the impact of regulations, political and economic trends, and policies on investments.
Advanced Degree and Certification Needed to Compete For Top Denver Financial Analyst Jobs
Denver Recruiters and Staffing Mangers seeking top talent for their clients will be looking for highly experienced Financial Managers. A globalized economy is giving the Denver employers a bigger, more competitive playing field, and therefore, their thirst for top Financial Analyst talent will not be abated. Although it is not required, the most successful Financial Analysts hold a master’s degree in business management or finance. Additionally, other courses and certifications, such as Chartered Financial Analyst, assist analysts in growing within their field and career. Successful Financial Analyst professionals generally have the following required skills and/or knowledge:
- Excellent communication skills for management and internal and external client interface
- Strong analytical, math, reasoning and problem solving skills
- Capable of making tough decisions with confidence
- Financial modeling, reporting and variance analysis
- Business development
- Project management
- Risk management
- MS Office Suite (Word, Excel, PowerPoint, Access, Outlook) – advanced skills
2012 Denver Salary Outlook
10% - $39,529
25% - $44,451
75% - $55,510
90% - $60,656
2012 Nationwide Salary Overview
Entry Level: $39,529 – $48,000
7+ Years’ Experience: $86,342
How Many Hours in a Financial Analyst’s Work Week?
Financial Analysts often work more than 40 hours a week. In fact, almost one-third of full-time analysts usually work between 50 and 70 hours a week.
Source: Department of Labor, Occupational Outlook Handbook
Sources: Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook HandbookSources, salary.com, wantedanalytics.com, money.usnews.com