Financial and Investment Analysts in Connecticut
Thinking about a career as a Financial and Investment Analysts in Connecticut? Here’s what you need to know. Conduct quantitative analyses of information involving investment programs or financial data of public or private institutions, including valuation of businesses. Excludes “Budget Analysts” (13-2031), “Financial Risk Specialists” (13-2054), and “Securities, Commodities, and Financial Services Sales Agents” (41-3031).
What do Financial and Investment Analysts Make in Connecticut?
For a financial and investment analysts working in Connecticut, the median annual wage is $106,250 per year (or about $51.08/hour).Pay can range from $70,060 at the 10th percentile to $229,020 at the 90th percentile.
| Wage Statistic | Annual | Hourly |
|---|---|---|
| 10th percentile | $70,060 | $33.69 |
| 25th percentile | $84,130 | $40.45 |
| Median (50th) | $106,250 | $51.08 |
| 75th percentile | $152,940 | $73.53 |
| 90th percentile | $229,020 | $110.10 |
The location quotient — a measure of how concentrated this occupation is in Connecticut nationwide is 1.31, indicating that financial and investment analysts are more concentrated here than the national average.
National Wage Comparison
Nationally, financial and investment analysts earn a median of $82,666 per year ($39.74/hour), higher than the Connecticut median.
Employment Outlook
National employment for 72,056 financial and investment analysts in the U.S.. In Connecticut alone, approximately 4,870 people work in this role. That puts the state above the typical state, which employs around 3,140 financial and investment analysts.
Top Connecticut Metros for Financial and Investment Analysts
These are the Connecticut metros with the most financial and investment analysts in Connecticut.
| Metro Area | Number Employed | Annual Median Salary |
|---|---|---|
| Bridgeport-Stamford-Danbury, CT | 1,920 | $149,480 |
| Hartford-West Hartford-East Hartford, CT | 1,860 | $99,830 |
| New Haven, CT | 420 | $96,420 |
| Waterbury-Shelton, CT | 200 | $100,720 |
| Norwich-New London-Willimantic, CT | 90 | $97,660 |
Top States for Financial and Investment Analysts Employment
The table below shows the states where the most financial and investment analysts work.
| State | Number Employed |
|---|---|
| New York | 47,130 |
| California | 40,570 |
| Texas | 26,940 |
| Florida | 21,690 |
| Massachusetts | 18,020 |
| Illinois | 17,950 |
| Pennsylvania | 12,220 |
| New Jersey | 11,100 |
| Georgia | 10,330 |
| North Carolina | 10,330 |
| Ohio | 9,290 |
| Colorado | 9,120 |
| Virginia | 8,870 |
| Michigan | 8,020 |
| Washington | 7,780 |
| Minnesota | 6,690 |
| Maryland | 6,190 |
| Wisconsin | 4,960 |
| Arizona | 4,910 |
| Connecticut | 4,870 |
Highest-Paying States for Financial and Investment Analysts
The highest-paying states for financial and investment analysts.
| State | Annual Median Salary |
|---|---|
| Wyoming | $213,940 |
| New York | $126,580 |
| California | $111,100 |
| New Jersey | $109,380 |
| Oregon | $107,680 |
| Massachusetts | $107,610 |
| District of Columbia | $106,840 |
| Connecticut | $106,250 |
| Virginia | $104,030 |
| Minnesota | $102,800 |
Daily Tasks
Financial and Investment Analysts typically:
- Advise clients on aspects of capitalization, such as amounts, sources, or timing.
- Analyze financial or operational performance of companies facing financial difficulties to identify or recommend remedies.
- Assess companies as investments for clients by examining company facilities.
- Collaborate on projects with other professionals, such as lawyers, accountants, or public relations experts.
- Collaborate with investment bankers to attract new corporate clients.
- Conduct financial analyses related to investments in green construction or green retrofitting projects.
- Confer with clients to restructure debt, refinance debt, or raise new debt.
- Create client presentations of plan details.
- Determine the prices at which securities should be syndicated and offered to the public.
- Develop and maintain client relationships.
- Draw charts and graphs, using computer spreadsheets, to illustrate technical reports.
- Employ financial models to develop solutions to financial problems or to assess the financial or capital impact of transactions.
Tools & Technology
Software and systems commonly involved: Hot technologies: Alteryx software, Apache Hive, Google Docs, IBM SPSS Statistics, Intuit QuickBooks In-demand technologies: Microsoft Excel
What Major Will Prepare You For This Career?
Related college programs include:
- Finance & Financial Management
- Accounting
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Related Careers
Other careers like financial and investment analysts include:
- Financial Managers
- Investment Fund Managers
- Management Analysts
- Market Research Analysts and Marketing Specialists
- Accountants and Auditors
- Credit Analysts
Also Known As
Accounting Analyst, Acquisition Analyst, Acquisition Specialist, Acquisitions Analyst, Acquisitions Consultant, Alternative Financing Specialist, Analyst, Bank Analyst, Banking Analyst, Bond Analyst, Brand Analyst, Chartered Financial Analyst (CFA), Commodity Analyst, Corporate Financial Analyst, Corporate Securities Research Analyst.
References
- U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics — https://www.bls.gov/oes/
- O*NET Online — https://www.onetonline.org/
- BLS Employment Projections — https://www.bls.gov/emp/
- O*NET-SOC code: 13-2051.00