NOC: 1112


Financial analysts collect and analyze information based on a company's value to help give recommendations to shareholders for them to determine if they are making a wise or poor investment now as well as in the future.


  • Study economic and business trends
  • Prepare plans of action for investments
  • Evaluate current and historical financial data

Work Environment
  • Work at large financial institutions
  • Mostly work in offices but often travel to visit companies or potential investors
  • Can face long work hours
  • Either on the phone or in meetings majority of the day

Essential Skills

  • Communication skills
  • Decision making skills
  • General computer proficiency

Pay & Employment Outlook

  • Ranges from $60000 - $100000 annually
  • Median pay approximately $38.00

Future Outlook
  • The increase in the population throughout the GTA will increase demand for financial services
  • The employment change within the next decade will increase by 32,300

Educational/ Employment Requirements

Educational Requirements

Most university programs for Economics, Commerce or Business Administration typically require the following courses for individuals to take in high school:

  • ENG4U
  • MHF4U
  • MCV4U or MDM4U
  • Any 3 U or M courses

Employment Requirements

  • A bachelor's degree in commerce, business administration or economics
  • Master's in Business Administration (MBA) often required by employers
  • The Chartered Financial Analyst (CFA) designation may be required.

Factors That Influence Wage Rate

Should People Pursue This Profession as a Career?

It is projected that the demand for this job is to increase by 12%, which is higher than expected. 32,300 positions will be available to those who are seeking a position as a financial analyst by 2024. This is due to the increase in demand for financial services as the population is expanding quickly. Due to this occupation being known to have high stress levels, not many individuals pursue a career as a financial analyst resulting in a low supply for financial analyst seeks but an increase in demand for this profession.

Should Union Representation Occur for this Profession?

  • Health care benefits such as dental and physiotherapy
  • Job Security- Big firms typically possess workers who are financial analysts. They usually guarantee employees job security as they prefer having individuals who have worked for their company long enough rather than hiring someone for a few months and then letting them go
  • Opportunities for advancement
  • Can work in a variety of industries


  • High stress levels as they have deadlines to meet and the smallest error could cost them their job
  • May need to attend post secondary longer to earn an MBA as many firms and companies require it
  • Work long hours outside of the office to complete assignments and meet deadlines

Union representation should not occur for this profession. Although they work long hours, may require a credentials such as a MBA or a CFA or work long hours, they are treated fairly and have many advantages. This includes opportunities for advancement, an increase in pay with an increase in experience, flexibility to work in various industries, health care benefits, and most importantly, job security. Job security is primarily the reason why i believe union representation doesn't not need to occur. This helps employees feel safe and not have to worry about being unemployed. Furthermore, having health care benefits helps many individuals if they are on a budget as this gives allows them to spend less money on necessities.

Works Cited

Ruehlicke, Leah. "What’s A Financial Analyst And How Do You Become One?" TalentEgg Career Incubator. N.p., n.d. Web. 28 Dec. 2016.

Bouw, Brenda. "I Want to Be a Financial Analyst. What Will My Salary Be?" The Globe and Mail. N.p., 28 Aug. 2013. Web. 28 Dec. 2016.

"Financial Analyst Work Conditions." Financial Analyst Work Conditions. N.p., n.d. Web. 12 Jan. 2017. <>.

"Summary." U.S. Bureau of Labor Statistics. U.S. Bureau of Labor Statistics, n.d. Web. 12 Jan. 2017. <>.