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Posted June 29, 2010 by

Financial Analyst Jobs Phoenix

There will be many opportunities in the near future for those seeking financial analyst jobs Phoenix.
Financial analysts are primarily responsible for providing guidance to businesses and individuals who want to make investment decisions. They may assess the performance of stocks, bonds, commodities and other types of investments.
Financial analysts usually work for banks, insurance companies, mutual and pension funds, securities firms, the business media and other businesses. Most employers require candidates to have at least a bachelor’s degree, while some require a master’s degree.
Those preparing for a career as a financial analyst can expect to find plenty of employment opportunities during the near future. Nationwide employment is anticipated to grow by 20 percent between 2008 and 2018, according to the U.S. Department of Labor Bureau of Labor Statistics.
Employment of financial analysts throughout Arizona is expected to increase from 3,821 during 2006 to 5,182 by 2016, accounting for 1,361 additional jobs and a growth rate of 35.6 percent.
According to the Arizona Workforce Informer, the top 15 industries that employed financial analysts during 2006 include:

  1. Other financial investment activities – 12.6 percent
  2. Non-depository credit intermediation – 7.3 percent
  3. Aerospace product and parts manufacturing – 6.9 percent
  4. Semiconductor and electronic components – 6.3 percent
  5. Management of companies and enterprises – 5.9 percent
  6. Security and commodity investment activity – 5.8 percent
  7. Insurance carriers – 5.6 percent
  8. Insurance agencies, brokerages and support – 3.8 percent
  9. Depository credit intermediation – 3.3 percent
  10. Power generation and supply – 2.8 percent
  11. Computer systems design and related services – 2.6 percent
  12. Accounting and bookkeeping services – 1.9 percent
  13. Electronic markets and agents/brokers – 1.8 percent
  14. Activities related to credit intermediation – 1.4 percent
  15. Architectural and engineering services – 1.4 percent

Employees in the industry also can expect to be paid well. During 2007, the average salary for financial analysts in Arizona was $30.36 per hour, while the average entry-level wage was $19.22 per hour and the average experienced-level salary was $35.93 per hour.