Description
Financial and investment analysts collect and analyze financial information such as economic forecasts, trading volumes and the movement of capital, financial backgrounds of companies, historical performances and future trends of stocks, bonds and other investment instruments to provide financial and investment or financing advice for their company or their company’s clients. Their studies and evaluations cover areas such as takeover bids, private placements, mergers or acquisitions. Financial analysts are employed by a wide range of establishments throughout the private and public sector, such as banks, brokerage houses, insurance companies, investment companies, manufacturing firms, trust companies, utility companies and underwriting firms. Investment analysts are employed primarily by brokerage houses and fund management companies.
Job Titles
- Chartered financial analyst
- Financial analyst
- Financial services research associate
- Investment analyst
- Money market analyst
- Portfolio manager
Main Duties
- Evaluate financial risks, prepare financial forecasts, financing scenarios and other documents concerning capital management, and write reports and recommendations
- Plan short- and long-term cash flows and assess financial performance
- Analyze investment projects
- Advise on and participate in the financial aspects of contracts and calls for tender
- Follow up on financing projects with financial backers
- Develop, implement and use tools for managing and analyzing financial portfolio
- Prepare a regular risk profile for debt portfolios
- Assist in preparing operating and investment budgets
- Develop and update financial or treasury policies.
Workplaces
- Banks
- Brokerage houses
- Establishements throughout the private and public sector
- Insurance companies
- Investment companies
- Manufacturing firms
- Trust companies
- Underwriting firms
- Utility companies
Skills
- Digital Literacy
- Numeracy
- Critical Thinking
- Evaluation
- Management of Financial Resources
- Oral Communication: Oral Comprehension
- Reading Comprehension
- Systems Analysis
- Coordinating
- Decision Making
Abilities
- Mathematical Reasoning
- Numerical Ability
- Categorization Flexibility
- Deductive Reasoning
- Fluency of Ideas
- Inductive Reasoning
- Information Ordering
- Written Comprehension
- Memorizing
- Near Vision
Personal Attributes
- Analytical Thinking
- Attention to Detail
- Stress Tolerance
- Active Learning
- Adaptability
- Independence
- Innovativeness
- Collaboration
- Creativity
- Social Orientation
Similar Occupations
- Securities agents, investment dealers and brokers (11103)
- Financial planner (in 11102.00 Financial advisors)
- Economist (in 41401.00 Economists and economic policy researchers and analysts)
- Economic development officer (in 41402.00 Business development officers and market researchers and analysts)
Source: OaSIS
Employment Outlook
The employment outlook will be moderate for Financial and investment analysts (11101) in Prince Edward Island for the 2022-2024 period.
The following factors contributed to this outlook:
- Employment growth will lead to a moderate number of new positions.
- A moderate number of positions will become available due to retirements.
- There are a small number of unemployed workers with recent experience in this occupation.
Financial and investment analysts are employed across various industries, but are mostly in the finance sector, working at financial institutions such as banks, investment/securities firms and brokerage houses. Other key employers include professional services, such as accounting and consulting firms, public administration, and insurance firms. This occupation is particularly sensitive to changes in the financial sector which are further dependent on the state of the economy.
In addition to a relevant college or university education, individuals with extensive experience in specific industries, software like SAP or Enterprise Resource Planning, and financial modelling will have more favourable job prospects. Depending on the type of financial service operation, employers may require recruits to hold a financial services certification, such as a Certified Financial Analyst, Certified Financial Planner, Mutual Funds Licence, or to have completed the Canadian Securities Course. An accounting background and designation may also be beneficial.
Here are some key facts about Financial and investment analysts in Prince Edward Island:
- Approximately 50 people worked in this occupation in May 2021.
- Financial and investment analysts mainly work in the following sectors:
- Monetary Authorities – central bank and securities, commodity contracts and other intermediation and related activities (NAICS 521, 522, 523): 83%
- Local, municipal, regional, aboriginal and other public administration (NAICS 913-919): 17%
- 87% of financial and investment analysts work all year, while 13% work only part of the year, compared to 59% and 41% respectively among all occupations. Those who worked only part of the year did so for an average of 51 weeks compared to 41 weeks for all occupations.
- The gender distribution of people in this occupation is:
- Men: 67% compared to 51% for all occupations
- Women: 33% compared to 49% for all occupations
- The educational attainment of workers in this occupation is:
- no high school diploma: n/a
- high school diploma or equivalent: n/a
- apprenticeship or trades certificate or diploma: n/a
- college certificate or diploma or university certificate below bachelor’s: 14% compared to 25% for all occupations
- bachelor’s degree: 64% compared to 17% for all occupations
- university certificate, degree or diploma above bachelor level: 21% compared to 8% for all occupations
Source: Job Bank
Prevailing Wages
| AREA | LOW | MEDIAN | HIGH |
|---|---|---|---|
| PEI | $22.72 | $35.16 | $53.80 |
| Canada | $24.87 | $38.46 | $61.54 |
Training
There are no known training programs for this occupation in PEI. If you are aware of a local training program, please contact us.
There are currently no job listings for this occupation on WorkPEI.