Investopedia explains that a financial analyst gathers data and analyzes the financial foundation of a business or industry. The daily tasks of a financial analyst depend on his level of experience. Most junior analysts are responsible for gathering data, while senior analysts are responsible for making connections in the industry. Junior analysts are promoted to senior analysts after a minimum of three years in the industry.
U.S. News states that a financial analyst helps clients decide when to buy and sell investments through in-depth research on current financial trends. Financial analysts write reports, analyze company strategy, devise financial plans and work with other financial analysts to communicate their findings.
Many financial analysts work for insurance and financial service companies. U.S. News explains that financial analysts make a steady income, but they are required to work long hours in exchange. Roughly 30 percent of financial analysts work between 50 and 70 hours per week.
The Bureau of Labor Statistics says that a financial analyst should have a Bachelor's degree in a related field before entering the industry. The most common degrees are statistics, finance, economics, accounting and mathematics. Financial analysts can take on roles in portfolio management, hedge funds, ratings analysis or risk analysis.