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Career and Education Opportunities for Financial Analysts in Rhode Island

Rhode Island has a population of 1,053,209, which has grown by 0.47% in the last 10 years. Nicknamed the "Ocean State," Rhode Island's capital and most populous city is Providence.

There are currently 700 jobs for financial analysts in Rhode Island and this is projected to grow by 31% to 920 jobs by 2016. This is better than the nation as a whole, where employment opportunities for financial analysts are expected to grow by about 19.8%. In general, financial analysts conduct quantitative analyses of information affecting investment programs of public or private institutions.

Income for financial analysts is about $29 per hour or $62,150 per year on average in Rhode Island. Nationally, their income is about $35 hourly or $73,150 yearly. Financial analysts earn more than people working in the category of Accounting and Auditing generally in Rhode Island and more than people in the Accounting and Auditing category nationally. People working as financial analysts can fill a number of jobs, such as: operational risk analyst, mutual fund accountant, and renewable energy system finance specialist.

In 2008, there were a total of 612,258 jobs in Rhode Island. The average annual income was $41,261 in 2008, up from $40,147 the preceding year. The unemployment rate in Rhode Island was 11.2% in 2009, which has grown by 3.6% since the previous year. Roughly 25.6% of Rhode Island residents have college degrees, which is higher than the national average.

The top industries in Rhode Island include miscellaneous manufacturing, other miscellaneous manufacturing, and electrical equipment, appliance, and component manufacturing. Notable tourist attractions include the Providence Fire Museum, the USS Saratoga Museum Foundation Inc, and the Heritage Harbor Museum.

CITIES WITH Financial Analyst OPPORTUNITIES IN Rhode Island


JOB 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.

Similar jobs with educational opportunities in Rhode Island 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 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: Rhode Island

Rhode Island
Rhode Island photo by Whitney

Rhode Island has a population of 1,053,209, which has grown by 0.47% in the last 10 years. Nicknamed the "Ocean State," Rhode Island's capital and biggest city is Providence. In 2008, there were a total of 612,258 jobs in Rhode Island. The average annual income was $41,261 in 2008, up from $40,147 in 2007. The unemployment rate in Rhode Island was 11.2% in 2009, which has grown by 3.6% since the previous year. Roughly 25.6% of Rhode Island residents have college degrees, which is higher than the national average.

The top industries in Rhode Island include miscellaneous manufacturing, other miscellaneous manufacturing, and electrical equipment, appliance, and component manufacturing. Notable tourist attractions include the Rhode Island Historical Society, the USS Saratoga Museum Foundation Inc, and the Governor Henry Lippitt House Museum.