Working as a Financial and Investment Analyst
Industry Overview
Job opportunities for Financial and investment analysts are good in British Columbia over the next 3 years. These job prospects are also applicable to people working as a financial analyst.
Source: Job Bank Canada
Job Outlook in BC
Financial & Investment Analysts
Chart from WorkBC
WorkBC provides employment outlook within BC regions for 2019-2029, including these two regions:
You can learn more about working as a Financial and Investment Analyst in BC from:
Types of Employers
Financial analysts are employed by a wide range of establishments throughout the private and public sector, including:
- banks & trust companies
- brokerage houses
- insurance & underwriting companies
- investment companies
- manufacturing firms
- utility companies
Investment analysts are employed primarily by brokerage houses and fund management companies. You may also be self-employed. Some investment analysts, particularly those who are self-employed, visit clients in their homes.
Salary
The median annual salary for Financial and Investment Analysts in BC is $80,212. Earnings are often made up of a base salary plus a performance bonus. Your income varies depending on the number and type of clients you have, where you work, and your commission compensation.
Experienced financial advisors usually receive a commission. They earn a percentage of the value of the investments that they buy and sell. The larger the investments they handle, the more money they make.
Financial research analysts often get benefits as well as a salary. These can include dental care and paid sick days
Job Bank Canada website provides hourly wages for financial and investment analysts in following regions:
Chart from: Job Bank Canada
Working Hours
Financial analysts (advisors) work more than 40 hours a week. This includes weekends and evenings. Many of their clients work day jobs. So, they need to be able to meet after regular office hours.
Investment analysts work relatively long hours. They tend to work between 9 and 12 hours a day. That adds up to 50 to 65 hours a week. Entry-level analysts often work weekends. Even experienced analysts may work about one weekend a month. When there are tight deadlines, they may work more than 65 hours in a week.
Source: Career Cruising