Career and Education Opportunities for Financial Analysts in New Jersey
New Jersey has a population of 8,707,739, which has grown by 3.49% over the past 10 years. Nicknamed the "Garden State," its capital is Trenton, though its biggest city is Newark.
There are currently 9,400 jobs for financial analysts in New Jersey and this is projected to grow by 23% to 11,600 jobs 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.
The income of a financial analyst is about $38 hourly or $79,150 annually on average in New Jersey. In the U.S. as a whole, their income is about $35 hourly or $73,150 annually on average. Earnings for financial analysts are better than earnings in the general category of Accounting and Auditing in New Jersey and better than general Accounting and Auditing category earnings nationally. Financial analysts work in a variety of jobs, including: chartered financial analyst , commodity analyst, and treasury analyst.
In 2008, there were a total of 5,176,293 jobs in New Jersey. The average annual income was $51,473 in 2008, up from $50,364 the preceding year. The unemployment rate in New Jersey was 9.2% in 2009, which has grown by 3.7% since the previous year. About 29.8% of New Jersey residents have college degrees, which is higher than the national average.
The top industries in New Jersey include wholesale trade, durable goods merchant wholesalers, and drugs' sundries merchant wholesalers. Notable tourist destinations include the Morris Museum, the A P Personal Limo, and the Smithsonian Institution.
CITIES WITH Financial Analyst OPPORTUNITIES IN New Jersey
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 New Jersey 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.
- Insurance Underwriter. Review individual applications for insurance to evaluate degree of risk involved and determine acceptance of applications.
- Loan Counselor. Provide guidance to prospective loan applicants who have problems qualifying for traditional loans. Guidance may include determining the best type of loan and explaining loan requirements or restrictions.
- 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: New Jersey
New Jersey has a population of 8,707,739, which has grown by 3.49% in the last 10 years. Nicknamed the "Garden State," its capital is Trenton, though its most populous city is Newark. In 2008, there were a total of 5,176,293 jobs in New Jersey. The average annual income was $51,473 in 2008, up from $50,364 the previous year. The unemployment rate in New Jersey was 9.2% in 2009, which has grown by 3.7% since the previous year. Roughly 29.8% of New Jersey residents have college degrees, which is higher than the national average.
The top industries in New Jersey include wholesale trade, durable goods merchant wholesalers, and drugs' sundries merchant wholesalers. Notable tourist attractions include the Morris Museum, the New Jersey Historical Society, and the A P Personal Limo.