what is a financial analyst?
As a financial analyst, you are the backbone of the financial sector. You handle the day-to-day financial matters. This varies from company to company. In some organisations, you develop budgets, analyse costs, and prepare decision-making support for management. In global corporations, you report to the parent company, which of course wants to see positive figures. You gather your information from specialised IT tools as well as from individual departments. As a financial analyst, you always have an overview of the financial situation. You know all expenses and notice when they start to spiral out of control. If you discover alarming facts, you investigate the causes. You report immediately to management or the parent company. In your role, you make a significant contribution to keeping the company profitable and competitive. If you specialise as a financial analyst in investment banking, you become the detective of the financial world. You find out how companies are performing financially. Your main task is to prepare for mergers and acquisitions. To do this, you identify which businesses are worthwhile targets. Your buy and sell recommendations are not limited to companies alone. You also advise on investments in shares, bonds, currencies, or commodities. Curious? Then read on to find out what your duties as a financial analyst entail, how much you can earn, and what career prospects are available to you.
financial analyst jobsworking as a financial analyst.
Are you curious about what to expect as a financial analyst? Your responsibilities mainly depend on where you work. However, there are certain tasks that every analyst should master. Find out more about your duties here.
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your area of responsibility
A financial analyst has many responsibilities. These include:
- Gather information: As a good financial analyst, you collect information from everywhere. You make use of anything that comes your way. You extract data from databases, filter it through BI tools, and read financial reports. You also develop an effective search strategy for the internet.
- Analyze data: Your main task is to carry out analysis. You compare the planned costs with the actual figures. In doing so, you review revenues and profits. If there’s a shortfall, you suggest corrective measures. Your profitability calculations also extend to individual departments. Occasionally, risk assessments are part of your responsibilities. In such cases, you evaluate potential risks in assets and strategies.
- Create forecasts: After analysing financial data, you interpret the results. You employ methodological and scientific calculations in this process. Your data indicates the likely direction of the path ahead. This can be positive or negative, depending on whether you intervene to correct the course.
- Provide recommendations: The senior management expects you to deliver analyses with suggestions. Your evaluated data confirm the chosen course or propose adjustments. If expenses are higher than planned, you recommend cost reductions. If sales are lagging behind forecasts, you request the company to implement measures.
- Controlling finances: Your role as a financial analyst is to constantly monitor the finances. Whether it's budgets, costs, revenues, or forecasts, everything needs to be scrutinised. You keep the review intervals reasonably short, typically on a monthly or quarterly basis. You prepare variance analyses regularly to ensure you stay in control of everything.
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who are your colleagues?
In your role as a financial analyst, you primarily support senior management. After all, it’s your job to keep an eye on the financial situation. To do this, you regularly inform and advise the management team. As a financial analyst, you also oversee various departments. This means you work closely with colleagues in sales, marketing, and logistics. If you work in investment banking, you’ll also interact with fund managers and portfolio managers.
types of financial analysts.
As a financial analyst, you have a wide range of responsibilities and almost countless opportunities to specialise. Here is a selection:
- Financial analyst investment banking: This field primarily involves equity stakes in companies, corporate acquisitions, and stock market trading. You systematically analyse information and assess its value. Based on this, you recommend investments or the sale of properties or trading assets. Typically, you focus on one side: buy or sell. This helps you avoid conflicts of interest. Industry knowledge is essential for this specialisation. If you possess it, you’ll be courted by investment bankers, financial institutions, and insurers.
- Financial analyst asset management: In this role, you analyse, evaluate, and manage financial assets. These include shares, bonds, and property. You build portfolios for institutional and private clients, structuring and overseeing them. This also involves keeping an eye on the risk. You regularly assess the investments, produce forecasts, and make recommendations. In asset management, you operate either nationally or internationally.
- Equity research analyst: You are specifically responsible for corporate capital here. You focus on a particular industry, as you need comprehensive background knowledge. You assess and understand industry dynamics and trends. In your area of expertise, you recommend investments in securities based on bottom-up analyses and cash flow-based valuation tools. In doing so, you consider not only attractive long-term returns but also social responsibility towards society and the environment. You analyse impact indicators and document the results in databases. From this, you prepare reports for the management team.
- Treasury analyst: The finances of public administrations and NGOs are your area of expertise. You conduct scenario analyses and assess financial risks. A key focus is risk controlling related to credit, liquidity, and market risks. You hedge interest rate risks and optimise debt management. Additionally, you manage liquidity by improving divisional cash flows. Throughout, you keep a close eye on financial regulations and compliance requirements. As a treasury analyst, you maintain close contact with banks and financial intermediaries.
- Business development analyst: Here, everything revolves around the company's results. You work on increasing the operational performance and look for expansion opportunities. This involves conducting market and competitor analyses. Depending on the company, you may focus solely on Switzerland or explore economic potential abroad. Sometimes, you express interest in tenders from international development agencies. You prepare investment decisions and support M&A acquisitions through financial due diligence. In other words, you analyse the financial, legal, tax, and economic circumstances of a business. In this specialised field, you have a keen sense for trends and long-term developments.
salary as a financial analyst.
The popular job platforms in Switzerland confirm the high salary levels for financial analysts. Your starting salary already ranges between approximately CHF 70,000 and CHF 90,000 per year. This equates to a monthly salary of between CHF 5,800 and CHF 7,500. Your market value and consequently your salary increase with experience and achievements. Additionally, your education, specialisation, and place of work have a significant impact on your monthly earnings. Besides your basic salary, large financial firms often offer bonuses, commissions, and benefits. Find out more here about your gross salary as a financial analyst.
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how much do I earn as a financial analyst in a permanent position?
As a financial analyst, you typically earn between 76,000 and 140,000 CHF gross per year. Converted to monthly figures, this amounts to roughly 6,300 to 11,700 CHF. This results in an attractive median salary of 103,000 CHF annually, or about 8,600 CHF per month. If you specialise in investment banking, you could even earn a gross salary of up to 170,000 CHF per year, which is around 14,100 CHF per month. With a qualified education and several years of professional experience, your earnings are above average. Additionally, benefits and perks make the role of a financial analyst quite appealing. Your place of work also has a significant impact on your gross salary.
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in which industry do I earn the most as a financial analyst?
You’ll find particularly attractive salaries and working conditions at the major financial centres of Zurich and Geneva. Large banks and the big insurance companies are always on the lookout for highly trained, specialised, and experienced financial analysts. Zurich is a veritable paradise for finance professionals. The financial centre is globally significant and manages an enormous amount of client assets. As a result, the Swiss city leads in international wealth management. You also benefit from this. The financial hub offers flexible working hours, top educational institutions, and attractive salaries.
education and further training as a financial analyst.
No matter which area you specialise in as a financial analyst, you need specialised knowledge. The path to get there can vary. One route is through a basic commercial education (EFZ), followed by a university of applied sciences degree in economics and several years of professional experience in the financial sector. Another option is a master's degree at a university of applied sciences or a university. Good foundations are provided by a background in business administration or business economics. As specialisations, controlling or financial and management accounting are recommended. If you're aiming to work as a financial analyst in investment banking, studying Economics is the best choice. Additional qualifications such as the chartered financial Analyst (CFA) designation can boost your prospects in global corporations.
positions as a financial analyst.
Banks, insurance companies, and trustees are always on the lookout for qualified financial analysts. You often work in senior management roles within private banks and trust firms. Depending on your specialisation, you might also be employed in public administrations, NGOs, or at the stock exchange. Are you seeking an attractive position with good prospects? Take a look at our current vacancies for financial analysts.
positions for career changers as financial analysts.
The best qualifications for a role as a financial analyst include a university degree. Ideally, you come from a background in business administration or economics, specialising in controlling. However, as a career changer with a degree in a scientific discipline, you are also well prepared for fundamental analysis. Several years of professional experience in finance will improve your chances. Any missing skills can be gained through further training.
career opportunities and development potential as a financial analyst.
In your profession as a financial analyst, you have excellent career prospects. You can specialise in a particular area such as equity research or business development. If you advise clients or companies successfully, you quickly build a reputation. As a result, you’ll find yourself inundated with offers. Typically, you start out right after university as a junior financial analyst. Over the years, you can progress to become a senior financial analyst. From there, you might take on the role of department head, overseeing research and investment advisory. If you perform exceptionally well, there’s a good chance you could advance to chief financial officer. While technical expertise will make you a competent finance manager, it won’t automatically make you a leader. For that, you need strong interpersonal skills. These are developed through further training or personal coaching. Want to develop further as a financial analyst? Take a look at our tests and tips.
competencies as a financial analyst.
As a successful financial analyst, you have a knack for numbers. To succeed in your profession, you need to develop additional skills such as:
- Research skills: In your role as a financial analyst, you thrive on gathering information. You develop a search strategy to identify suitable sources. You obtain the information, evaluate it, and process it further. Thanks to your research expertise, you are able to filter out key financial data. This forms the foundation for effective data analysis.
- Analytical thinking: Your main task is data analysis. From a wealth of information, you draw the correct conclusions. To do this effectively, you utilise various BI tools. However, your queries are only successful if you apply the right filters. Your findings inform business decisions. The company's financial strategy depends heavily on your financial analysis.
- Communication skills: You live in a world full of numbers and data. Every day, you work with technical terms like performance measurement or risk-return profiles. You report to management in a way that even non-experts can understand. Internal and external contacts appreciate your communication abilities. Your social skills help you to build and maintain networks with business partners and stakeholders.
- Integrity: As a financial analyst, you are constantly exposed to temptations. Especially in investment banking, it’s easy to find yourself in conflicts of interest. The temptation to pass on insider information is strong. That’s why one of your most important qualities as a financial analyst is integrity. You are someone with strong moral principles and stay true to your values. Your conviction will pay off in the long run.
benefits of working as a financial analyst at randstad.
There are many good reasons to work at Randstad as a financial analyst.
✓ exciting jobs at well-known companies
✓ a reliable point of contact whenever you need one; personalised advice matters
✓ attractive employment conditions and good social benefits
✓ further education courses and personal development opportunities
✓ clear information in the myRandstad app
✓ do you have a fixed-term contract? Often, there’s the opportunity to secure a permanent position afterwards. Many well-known companies also recruit their staff directly through Randstad.
your training budget as a financial analyst at randstad.
If you work as a financial analyst for Randstad, you have access to further training courses. As part of the TempTraining programme from swissstaffing, you can attend training sessions. You will be reimbursed for the course fees later, provided you pass the course exam. Your consultant from Randstad is there to support you if you have any questions. This way, you can acquire additional language skills or job-specific knowledge all during your working hours as a financial analyst.
application tips for data analysts at randstad.
Have you found your dream job as a financial analyst? It's not just qualifications and certificates that determine the success of your applications. Careful, error-free, and personalised documents will definitely help you in your job search. Here are a few useful tips to optimise your chances:
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1. find a position as a financial analyst
Search through Randstad job vacancies. If you can't find a position that’s a perfect fit, you’re still welcome to get in touch with us personally without any obligation, or you can create a Randstad profile.
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2. applying as a financial analyst
The job advert continues: apply online, give us a call, or send us an email.
Make sure your documents are complete.✓ CV with photo
✓ employment references & diplomasYou don't have a CV yet, or only an outdated version? Create a new layout using an free online template.
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3. preparing for a job interview as a financial analyst
A good preparation helps you stay calm during your interview for a financial analyst position. Here are some tips for your interview.
frequently asked questions.
Here you will find frequently asked questions and the answers regarding the role of a financial analyst.
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what does a financial analyst do?
As a financial analyst, you are the backbone of the financial sector. Whether in corporations, banks, or insurance companies, you get to the heart of the matter. You analyse data and facts, helping management make well-informed decisions. These could involve investments in assets, buying or selling property, or equity stakes. Additionally, you assist companies in improving their profitability. Find out more about your role as a financial analyst here.
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how much do I earn as a financial analyst?
Your gross salary as a financial analyst ranges between 76,000 and 140,000 CHF per year. Depending on your specialisation, it can be significantly higher. The additional benefits also make your role quite attractive. Perks, bonuses, and commissions can substantially boost your annual earnings. Read more here about your gross salary as a financial analyst.
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is a financial analyst a good profession?
If your life revolves around numbers, data, and facts, then a career as a financial analyst is perfect for you. You thrive on research and analysis. As the backbone of the financial sector, you hold a responsible position. Attractive career prospects and a competitive salary make this profession particularly appealing. Curious about what awaits you as a financial analyst? Then read on.
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is being a financial analyst difficult?
A financial analyst is a demanding, versatile, and exciting profession. Thanks to your thorough research and sound analyses, you develop a profitable financial strategy. Your studies prepare you excellently for your responsibilities. In practical work, you gain experience and learn to apply your knowledge effectively. Your technical and interpersonal skills support you along the way. If you want to find out what makes the role of a financial analyst both challenging and rewarding, read on.
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do I need experience to become a financial analyst?
Work experience is a prerequisite for your training to become a financial analyst. After completing your basic education or following a degree, you first gain practical work experience. In banks, insurance companies, or businesses, you learn to apply your theoretical knowledge profitably. Typically, at least three to five years of professional experience are required for further training as a financial analyst, depending on your prior education. Career changers with a scientific degree and relevant work experience also have good chances of securing an attractive position. Any missing skills can be acquired through seminars or additional qualifications. Are you wondering whether your qualifications are sufficient for the role? Read more here about the essential skills you need as a financial analyst.
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what requirements do I need to meet to become a financial analyst?
Excellent prospects for a career as a financial analyst are available with a degree in economics or business administration. Specialising in controlling increases your chances of securing an attractive position. Additional qualifications such as the chartered financial analyst (CFA) designation make you a sought-after specialist in investment banking. Alongside a high level of expertise, companies also value research skills and analytical thinking. Career changers with relevant work experience and a willingness to develop further have good opportunities. Discover our current openings for financial analysts here.
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how do I apply for a vacant position as a financial analyst?
We make applying for the role of financial analyst straightforward for you. First, create a Randstad profile. Then, browse our job board for available positions in your area. Found an interesting opportunity? Send us your application letter along with your CV and certificates without delay. Need assistance with your application? Our tips will help you craft a compelling and effective application.