Financial Business Analyst Job Description

Financial business analyst work to increase a firm's profitability.

A financial business analyst, usually referred to simply as a business analyst, audits all areas of a firm's operations to discover inefficiencies and recommend improvements to the business model. The areas of audit include accounting practices, inventory, sales and marketing strategy.

Educational Requirements

Within most environments, employers require that candidates possess graduate-level degrees. Common areas of study include: business, management, accounting and economics.

Certification

The Institute of Management Consultants administers a certification to those who wish to gain additional credentials.

Industry Overview

In 2006, according to the United States Bureau of Labor Statistics, 678,000 people worked in this professional. Of that number, 22 percent were self-employed.

Income Level

In 2009, indeed.com reported that the average business analyst employed in the United States earned a yearly income of $74,000.

Job Growth

The BLS projected employment in this sector would increase by 22 percent from 2006 through 2016 as businesses seek to improve profitability.

References

• United States Bureau of Labor Statistics
• Salary at Indeed
• Certification at Institute of Management Consultants