Contact us to learn more about our programs
Would you like to join us?
The financial analyst plays an essential role in a company. He has a strong analytical capacity, a good command of figures and a competence in economic diagnosis. He can perfectly give his opinions and advice when making decisions. It is an important job with a substantial salary.
What is the average salary of a financial analyst?
The financial analyst is considered to be an advisor. He intervenes in the markets, studies information from the economic press and financial databases, and evaluates listed companies. If he works as an advisor to managers or in the context of company takeovers, his mission is to carry out very in-depth studies.
If he or she is employed by a bank, he or she may be an advisor to a portfolio manager. In any case, the range of his salary is very wide. Nowadays, the average salary of a financial analyst in France is 40,000 euros per year, or 21.98 euros per hour. This may vary depending on the region and city. For entry-level positions, the salary is approximately 32,000 euros per year. For experienced employees, this can amount to more than 57,000 euros per year.
What factors influence the salary of a financial analyst?
A financial analyst’s salary can vary depending on several factors: years of experience as an analyst, level of education, the company or firm they work for, and the location of the firm. If a company believes that its financial analyst may be of great value, then it may pay him or her more. Business school graduates are more attractive to companies, so they receive a higher financial analyst salary.
Employers also take into account the reputation of the institution of higher learning when determining salary. A person who is highly recommended by a reputable institution can expect a higher salary than someone from a second-tier institution. Other factors such as the company’s budget, size and industry can also affect the amount the financial analyst can expect to earn. Finally, an analyst who works in a rural area where the cost of living is lower can expect a lower salary than an analyst who works in an urban area.
What are the possible salary evolutions during the career of a financial analyst?
The first years of a financial analyst’ s career allow him or her to validate his or her theoretical knowledge in the field. They also help him to gain new experiences. All this allows him to develop his career. He can work in auditing, management control, financial engineering, management of a team of financial analysts and trading rooms.
The financial analyst can also join the civil service and take the competitive examination to become a public finance inspector. In the professional world, career development rhymes with salary development. Alternatively, after several years in the same financial analyst position, he or she can negotiate a salary increase. Some may enjoy a 25-50% increase in salary. It goes without saying that some companies pay their employees more than others.
What additional benefits and compensation can companies offer?
A financial analyst can benefit from various advantages offered by his employer.
First, there are the benefits in kind:
- the benefit in kind vehicle ;
- benefit in kind housing ;
- benefit in kind food ;
- childcare service ;
- vacation vouchers;
- luncheon vouchers ;
- the price reduction on items sold or produced by the company;
- the tools resulting from the new information and communication technologies (NICT).
Secondly, there are monetary benefits or additional compensation:
- premiums ;
- savings plans.
Finally, there are the benefits of working hours. In general, an employee has 5 weeks of paid vacation in a year. Today, it is possible to grant additional days, and the financial analyst can benefit from this if it is included in the collective agreement of his company.Updated 24 April 2023