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Career and Education Opportunities for Financial Analysts in Reno, Nevada

For those living in the Reno, Nevada area, there are many career and education opportunities for financial analysts. About 370 people are currently employed as financial analysts in Nevada. By 2016, this is expected to grow 33% to 490 people employed. 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 about $34 per hour or $70,970 per year on average in Nevada and about $35 per hour or $73,150 annually on average nationally. Incomes for financial analysts are better than in the overall category of Accounting and Auditing in Nevada, and better than the overall Accounting and Auditing category nationally. Jobs in this field include: finance analyst, stock analyst, and trust evaluation supervisor.

The Reno area is home to eleven schools of higher education, including one within twenty-five miles of Reno where you can get a degree as a financial analyst. The most common level of education for financial analysts is a Bachelor's degree. You can expect to spend about four years training to become a financial analyst if you already have a high school diploma.

CAREER DESCRIPTION: Financial Analyst

Financial Analyst video from the State of New Jersey Dept. of Labor and Workforce Development

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.

It is important for financial analysts to maintain knowledge and stay abreast of developments in the fields of industrial technology and economic theory. They are often called upon to interpret data affecting investment programs, such as price, yield, stability, future trends in investment risks, and economic influences. They also analyze financial data to produce forecasts of business and economic conditions for use in making investment decisions. They are sometimes expected to monitor fundamental economic and corporate developments through the analysis of data obtained from financial publications and services, investment banking firms and personal interviews. Somewhat less frequently, financial analysts are also expected to present oral and written reports on general economic trends and entire industries.

They also have to be able to decide on the prices at which securities should be syndicated and offered to the public and evaluate and compare the relative quality of various securities in a given industry. And finally, they sometimes have to maintain knowledge and stay abreast of developments in the fields of industrial technology and economic theory.

Like many other jobs, financial analysts must be thorough and dependable and be able to deal with stress and deal with situations calmly.

Similar jobs with educational opportunities in Reno 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.

EDUCATIONAL OPPORTUNITIES: Financial Analyst Training

University of Nevada-Reno - Reno, NV

University of Nevada-Reno, , Reno, NV 89557. University of Nevada-Reno is a large university located in Reno, Nevada. It is a public school with primarily 4-year or above programs. It has 16,851 students and an admission rate of 90%. University of Nevada-Reno has a bachelor's degree and a master's degree program in Finance which graduated six and four students respectively in 2008.

CERTIFICATIONS

Certified Pension Consultant: The Certified Pension Consultant (CPC) credential is designed for benefits professionals working in plan administration, pension actuarial administration, insurance, and financial planning.

For more information, see the American Society of Pension Professionals and Actuaries website.

Certified Anti-Money Laundering Specialist: CAMS certification is rrecognized by employers in both private industry and government.

For more information, see the Association of Certified Anti-Money Laundering Specialists website.

Fiscal Services - Accelerated Package: Fiscal Services - Accelerated Package course list: Better Requests for Proposals for Better Projects; Continuous Improvement Through Monitoring; Contracting; New Coding System for the 21st Century; Procurement; and Writing Winning Grant Proposals.

For more information, see the Dynamic Works Institute website.

Certified IRA Services Professional: Applicable to financial services professionals who have dedicated IRA operational and technical experience.

For more information, see the Institute of Certified Bankers website.

Certified Personal Banker: Applicable to financial services professionals who have completed the AIB Personal Banking Diploma and who function as personal bankers.

For more information, see the Institute of Certified Bankers website.

Certified Funds Specialist: The CFS 60-hour program provides the practitioner with everything needed to select the right fund for any given situation.

For more information, see the Institute of Certified Fund Specialists website.

Certified Annuity Specialist: The CAS program is a 60-hour self-study program.

For more information, see the Institute of Certified Fund Specialists website.

Registered Financial Associate: The Registered Financial Associate (RFA) is a designation granted only to recent graduates of an approved academic curriculum in financial services.

For more information, see the International Association of Registered Financial Consultants website.

Chartered Market Technician: The Chartered Market Technician (CMT) designation is the culmination of a certification process in which candidates are required to demonstrate proficiency in a broad range of technical analysis of the financial markets.

For more information, see the Market Technicians Association website.

Certified Retirement Specialist: If you are a professional with an interest in issues and opportunities in the 403(b) marketplace, advance your career by obtaining the Certified Retirement Specialist (CRS) designation.

For more information, see the NTSAA (National Tax Sheltered Accounts Association) Educational Institute website.

Certified Financial Forensic Analyst: The Certified Forensic Financial Analyst (CFFA) credential is designed to provide assurance to the legal community-the primary users of litigation support services-the designee possesses a level of experience and knowledge deemed acceptable by the Association to provide competent and professional forensic financial support services.

For more information, see the The National Association of Certified Valuation Analysts website.

Economic Development Finance Professional: In NDC's EDFP Certification Program you will build the capacity to translate development opportunities into results for their communities.

For more information, see the The National Development Council website.

LOCATION INFORMATION: Reno, Nevada

Reno, Nevada
Reno, Nevada photo by Smooth_O

Reno is situated in Washoe County, Nevada. It has a population of over 217,016, which has grown by 20.2% over the last ten years. The cost of living index in Reno, 93, is below the national average. New single-family homes in Reno are priced at $202,100 on average, which is well above the state average. In 2008, six hundred thirty-seven new homes were built in Reno, down from nine hundred ninety-seven the previous year.

The three big industries for women in Reno are arts, entertainment, and recreation, health care, and accommodation and food services. For men, it is arts, entertainment, and recreation, construction, and accommodation and food services. The average commute to work is about 18 minutes. More than 25.0% of Reno residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 8.4%, is higher than the state average.

The unemployment rate in Reno is 11.8%, which is less than Nevada's average of 12.6%.

The percentage of Reno residents that are affiliated with a religious congregation, 27.9%, is less than both the national and state average. The most common religious groups are the Catholic Church, the LDS (Mormon) Church and the Southern Baptist Convention.

Reno is home to the Short Ranch and the Keystone Square as well as Wilkinson Park and Paradise Park. Shopping centers in the area include Miraloma Park Shopping Center, Village Shopping Center and University Village East Shopping Center. Visitors to Reno can choose from Oxford Motel, Atlantis Casino Resort and Wayside Motel & Apartments for temporary stays in the area.