- Working as a Financial and Investment Analyst
- Skills, Education and Experience
- Finding Jobs
- Applying for a Job
- Getting Help from Industry Sources
Working as a Financial and Investment Analyst [NOC 1112]
Working as a Financial Analyst you:
- evaluate financial risk, prepare financial forecasts concerning capital management, and write reports and recommendations
- evaluate investment projects
- advise on and participate in the financial aspects of contracts and calls for tender
- act as liaison between company and investors
- prepare a regular risk profile for debt records
- assist in preparing operating and investment budgets
As an Investment Analyst you:
- collect and analyze financial and investment information about companies, stocks, bonds, and other investments using economic forecasts and other financial reports and publications
- provide investment advice and recommendations to clients, senior company officials, pension fund managers, securities agents and associates
- prepare company, industry, and economic outlook reports
Source: WorkBC Career Profile, NOC 1112
Industry experts predict there will be 890 job openings for Financial and Investment Analysts from 2015-2025. Vancouver is the financial capital of the province, and 79% of the people who work in this industry are located in the lower Mainland.
Job Outlook in BC
Chart from WorkBC
WorkBC provides job openings in BC regions from 2015-2025:
|Region||Expected # of
|Average Annual Employment
Increase in Employment
|Lower Mainland / Southwest||740||1.4%||280|
You can learn more about working as a Financial and Investment Analyst in BC from:
- Career Cruising database [Profiles for Investment Advisor & Research Analyst, Financial]
Types of Employers
Financial analysts are employed by a wide range of establishments throughout the private and public sector, including:
- banks & trust companies
- brokerage houses
- insurance & underwriting companies
- investment companies
- manufacturing firms
- utility companies
Investment analysts are employed primarily by brokerage houses and trust companies. You may also be self-employed. Some investment analysts, particularly those who are self-employed, visit clients in their homes.
The median annual salary for Financial and Investment Analysts in BC is $70,180. Your earnings are often made up of a base salary plus a performance bonus. Your income varies depending on the number and type of clients you have, where you work, and your commission compensation.
The Canadian Securities Institute (CSI) reports that most investment advisors can earn at least $100,000 after 3 to 5 years. However, compensation is closely tied to the rise and fall of markets and the strength of the economy.
Sources: WorkBC & Career Cruising
Job Bank Canada website provides hourly wages for financial and investment analysts in following regions:
Source: Job Bank Canada
Financial and Investment Analysts work long hours, generally between 9 and 12 hours a day, or 50 to 65 hours a week.
Young analysts often work weekends, and even experienced analysts may work one weekend a month. Those analysts who are facing deadlines may work more than 65 hours in a week.
Source: Career Cruising
Skills, Education and Experience
- Good with people and customer service
- Oral and written communication skills
- Presentation skills
- Analytical and Problem solving
- Job task planning and organizing
- Math skills and significant use of memory
- Financial computer programs
- Work well under pressure
Education and Experience
A bachelor’s degree in commerce, business administration, or economics, and on-the-job training and industry courses and programs are usually required.
You may also need:
- A Master’s degree in finance or in business administration (MBA) (concentration in finance).
- Chartered Financial Analyst (CFA) designation, available through a program conducted by the Institute of Chartered Financial Analysts in the United States
- Canadian Investment Manager (CIM) designation from the Canadian Securities Institute (CSI)
This occupation does not require certification in British Columbia.
You’ll find job advertisements in local newspapers, trade journals, and electronic sources, as well as through professional associations’ publications.
You can look at the Vancouver Sun and The Province at Vancouver Public Library for free. Check the job postings daily, the careers section in the Vancouver Sun on Wednesdays and Saturdays, and in The Province on Sundays.
Job White Pages
- Available online or in print at the Central Library
NOTE: You can only access this database from the Central Library or VPL branch libraries. Access is NOT available from home or outside the Library..
Online Job Postings
Professional Associations’ Career Resources
Identifying the Right Position
When you browse job advertisements, you’ll find a range of different job titles that are relevant.
For financial and investment analysts look for these related job titles
- analyst, investments or securities
- economic analyst, financial services
- finance officer
- financial analysis consultant
- investment consultant
- money market analyst
- portfolio manager
- research analyst, securities
- securities research analyst
- senior financial analyst
- senior investment officer
You may also want to look at these related jobs:
- economic development officers, NOC 4163 (included with business development officers and marketing researchers and consultants)
- economists, NOC 4162
- securities agents, investment dealers and brokers, NOC 1113
Creating a List of Potential Employers
You can use directories to produce lists of employers who work in the financial services industry in Vancouver or the Lower Mainland. Contact them directly to find out if they’re hiring.
- Financial Services Canada
Available at the Central Library, 332.1025 F49.
- Reference Canada
Click on “Start Search” beside Canadian Businesses, then select the “Advanced Search” button.
Select both “Keyword/SIC/NAICS” under Business Type and “City” under Geography.
In the top search box enter “financial” and click LOOKUP.
Select the appropriate headings.
Lower down, select the Province, choose the cities, and click the “View Results” button.
NOTE: You can access this database from a Library computer. If you are using a computer from outside the Library, you will need a Vancouver Public Library card to login to this database. After clicking on the database name, you will be asked to enter your library card number and PIN (usually last four digits of your telephone number).
- Bank Directories
Available at the Central Library, 332.105 P76
Applying for a Job
In Canada, employers usually expect to receive a resume or curriculum vitae and a cover letter that identifies the position you are applying for and summarizes your relevant experience.
Use the library catalogue to find books on writing resumes and cover letters specific to your industry.
To learn about applying for jobs in Canada, see the following:
Getting Help from Industry Sources
Associations and organizations for financial and investment analysts in BC and Canada provide assistance to individuals. Some require paying a fee for membership.
- Canadian Securities Institute
This organization offers the Canadian Securities Course and other courses for the securities industry.
- CFA Institute
This American organization administers the Chartered Financial Analyst (CFA) designation to applicants from all over the world.
Search the Vancouver Public Library catalogue for journals related to your profession. Examples at the Central Library:
- Canadian MoneySaver
Also available at the Central Library, 332.024 C212
- Financial Post Magazine
Available at the Central Library, 332.05 F4912