Career and Education Opportunities for Financial Analysts in Alaska
Alaska has a population of 698,473, which has grown by 11.41% over the past decade. Nicknamed the "Great Land," its capital is Juneau, though its biggest city is Anchorage.
There is a wide variety of career and education opportunities for financial analysts in the Anchorage, Alaska area. Currently, 250 people work as financial analysts in Alaska. This is expected to grow by 20% to 300 people by 2016. This is better than the national trend for financial analysts, which sees this job pool growing by about 19.8% over the next eight years. Financial analysts generally conduct quantitative analyses of information affecting investment programs of public or private institutions.
Financial analysts earn approximately $30 hourly or $63,430 per year on average in Alaska. Nationally they average about $35 per hour or $73,150 yearly. Financial analysts earn more than people working in the category of Accounting and Auditing generally in Alaska and more than people in the Accounting and Auditing category nationally. Jobs in this field include: mutual fund accountant, securities research analyst, and planning analyst.
The Anchorage area is home to four schools of higher education, including three within twenty-five miles of Anchorage where you can get a degree as a financial analyst. Given that the most common education level for financial analysts is a Bachelor's degree, it will take about four years to learn to be a financial analyst if you already have a high school diploma.
In 2008, there were a total of 452,986 jobs in Alaska. The average annual income was $43,922 in 2008, up from $41,081 the preceding year. The unemployment rate in Alaska was 8.0% in 2009, which has grown by 1.5% since the previous year. Roughly 24.7% of Alaska residents have college degrees, which is higher than the national average.
The top industries in Alaska include oil extraction, transportation, and general merchandise stores. Notable tourist attractions include the Alaska Native Heritage Center, the Anchorage Museum of History and Art, and the Exhibit Support.
CITIES WITH Financial Analyst OPPORTUNITIES IN Alaska
JOB DESCRIPTION: Financial Analyst
In general, financial analysts conduct quantitative analyses of information affecting investment programs of public or private institutions.
Every day, financial analysts are expected to be able to think through problems and come up with general rules. They need to read and understand documents and reports. It is also important that they articulate ideas and problems.
Similar jobs with educational opportunities in Alaska include:
- Accountant. Analyze financial information and prepare financial reports to determine or maintain records of assets, liabilities, profit and loss, tax liability, or other financial activities within an organization.
- Assessor. Appraise real and personal property to determine its fair value. May assess taxes in accordance with prescribed schedules.
- Auditor. Examine and analyze accounting records to determine financial status of establishment and prepare financial reports concerning operating procedures.
- Budget Analyst. Examine budget estimates for completeness, accuracy, and conformance with procedures and regulations. Analyze budgeting and accounting reports for the purpose of maintaining expenditure controls.
- Credit Analyst. Analyze current credit data and financial statements of individuals or firms to determine the degree of risk involved in extending credit or lending money. Prepare reports with this credit information for use in decision-making.
- Financial Examiner. Enforce or ensure compliance with laws and regulations governing financial and securities institutions and financial and real estate transactions. May examine, verify correctness of, or establish authenticity of records.
- Income Tax Advisor. Prepare tax returns for individuals or small businesses but do not have the background or responsibilities of an accredited or certified public accountant.
- Loan Officer. Evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and methods of payments. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, and loan underwriters.
- Personal Financial Planner. Advise clients on financial plans utilizing knowledge of tax and investment strategies, securities, and real estate. Duties include assessing clients' assets, liabilities, and financial objectives to establish investment strategies.
- Real Estate Appraiser. Appraise real property to determine its value for purchase, sales, or loan purposes.
- Tax Examiner. Determine tax liability or collect taxes from individuals or business firms according to prescribed laws and regulations.
LOCATION INFORMATION: Alaska
Alaska has a population of 698,473, which has grown by 11.41% in the last 10 years. Nicknamed the "Great Land," its capital is Juneau, though its biggest city is Anchorage. In 2008, there were a total of 452,986 jobs in Alaska. The average annual income was $43,922 in 2008, up from $41,081 the previous year. The unemployment rate in Alaska was 8.0% in 2009, which has grown by 1.5% since the previous year. About 24.7% of Alaska residents have college degrees, which is higher than the national average.
The top industries in Alaska include oil extraction, transportation, and general merchandise stores. Notable tourist destinations include the The Imaginarium, the Anchorage Historic Properties Inc, and the Exhibit Support.