Junior Analyst Job Description

The financial industry is competitive and it can be a challenge to get into the analyst field. With the right preparations you can make to the position and if you are really interested in a career as a financial analyst you have to read more about the job position and requirements needed to succeed in the field of financial industry. Here is a helpful job description that you can read and find out what you can do to get yourself qualified and stand out.

What is a junior analyst?

A junior analyst reaches microeconomic and macroeconomic conditions along with the company conditions and fundamentals. An analyst must be aware of the business’s current developments and can recommend course of action such as to buy or sell stock based upon its overall strength. An analyst should specialize preparing financial models to predict the economic conditions of the company. Some junior analysts are found in bank, insurance firm, specific sector, business and company.

Duties of a junior analyst

  • A junior analyst collaborates with the business’s functional areas, including sales, customer support, marketing and gathering data and communicates requirements. Also a junior analyst analyzes the market and industry reports and data.
  • Junior analyst creates both financial and marketing models in PowerPoint presentations. He or she documents the financial directions, business processes and structure of the business.
  • A junior analyst work within the sales, delivery, marketing banking and technology consultancy. Typically a junior analyst has to deal with decision support, syndicate bench marking, and strategy research and technology investment.
  • Working within delivery team to ensure time results.
  • Reviewing research and secondary documents to deliver presentations.
  • Reviewing documents and collaborating information for the business.

Work Condition of a junior analyst

  • Junior analyst need to remain vigilant about gathering information on the macro economy as well as information about companies and the fundamental microeconomics of their balance sheet. Analyst will need to read a lot for their research and have to be updated on publications such as The Financial Times and The economics as well as financial websites.
  • Being an analyst often times are involved in a significant amount of travel, some junior analysts travel to companies to get a first hand look at the financial status and company operations on the ground level.
  • Analyst also frequently attend conferences with co workers who share the same specialty.
  • Junior analyst have their own office in the companies premises where they have to learn to be proficient with spreadsheets, relational database and statistical and graphics packages in order to develop recommendations for senior management and develop detailed presentations and financial reports.
  • Analyst have to make reports such as forecasting cost, benefit analysis, trending and result analysis.
  • The average salary of junior analyst is around $ 60,000 to $70,000 per year. Bonuses are also granted in a range between 10 percent to 50 percent of his or her salary.
  • Junior analyst also receives benefits such as medical and insurance coverage.

Educational requirements of a junior analyst

Required basic requirements:

  • Undergraduate Degree in business administration
  • Economics
  • Statistics
  • Liberal arts
  • A minimum 3 to 5 years experience in related work experience in business environment such as bank, insurance companies with analytical and operational responsibilities involving multiple projects
  • Graduate degree in health care administration

Required skills:

  • Skills in solving problems
  • Skills to help generating innovative solutions
  • Team player
  • Is able to create and maintain harmony with the team members
  • Skills in client management
  • Skills in judgments and can create effective working relationships with clients
  • Leadership skills

Occupational and Progress of a junior analyst

  • An opportunity for advancement – analysts interacts with each other and tends to report to a portfolio manager or senior in management. A junior analyst can work his way to senior analysts within 3 to 5 years working in the field of analysts. Gathering as much experience as possible can get to career advancement. There is also opportunity to become a portfolio manager, a partner in investment bank or insurance company. Some analysts become investment advisors or financial consultants.
  • Tips for success – most successful analysts are ones that develop their skills and knowledge regarding spreadsheets, databases, PowerPoint presentations and learn other software applications. Putting long hours to develop interpersonal relationships with the superiors and mentors is also a great idea to enhance success in the field of junior analyst. Analysts that are promoted also have the opportunity to develop communication and people skills by creating written and oral presentations to impress senior management.

Junior analyst requires great deal of preparations and hard work, with great effort there are great rewards that will result to genuine satisfaction.

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