Career and Education Opportunities for Financial Analysts in Utah
Utah has a population of 2,784,572, which has grown by 24.69% over the past decade. Nicknamed the "Beehive State," Utah's capital and largest city is Salt Lake City.
There are currently 1,250 working financial analysts in Utah; this should grow by 42% to 1,770 working financial analysts in the state 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%. Financial analysts generally conduct quantitative analyses of information affecting investment programs of public or private institutions.
Income for financial analysts is about $25 hourly or $53,110 per year on average in Utah. Nationally, their income is about $35 per hour or $73,150 yearly. Financial analysts earn more than people working in the category of Accounting and Auditing generally in Utah and more than people in the Accounting and Auditing category nationally. Financial analysts work in a variety of jobs, including: money manager, renewable energy system finance specialist, and credit products officer.
In 2008, there were a total of 1,702,493 jobs in Utah. The average annual income was $32,050 in 2008, up from $31,800 the previous year. The unemployment rate in Utah was 6.6% in 2009, which has grown by 2.9% since the previous year. Approximately 26.1% of Utah residents have college degrees, which is higher than the national average.
The top industries in Utah include activities related to credit intermediation, nonferrous metal production, and sporting goods manufacturing. Notable tourist destinations include the Utah Museum of Arts & History, the Chase Home Museum UT Folk Arts, and the Children's Museum of Utah.
CITIES WITH Financial Analyst OPPORTUNITIES IN Utah
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 Utah 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.
- 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.
- Tax Examiner. Determine tax liability or collect taxes from individuals or business firms according to prescribed laws and regulations.
LOCATION INFORMATION: Utah
Utah has a population of 2,784,572, which has grown by 24.69% in the last 10 years. Nicknamed the "Beehive State," Utah's capital and biggest city is Salt Lake City. In 2008, there were a total of 1,702,493 jobs in Utah. The average annual income was $32,050 in 2008, up from $31,800 in 2007. The unemployment rate in Utah was 6.6% in 2009, which has grown by 2.9% since the previous year. Approximately 26.1% of Utah residents have college degrees, which is higher than the national average.
The top industries in Utah include activities related to credit intermediation, nonferrous metal production, and sporting goods manufacturing. Notable tourist destinations include the Utah State Government, the Hogle Zoo, and the Utah Museum of Natural History.