Introduction
Wealth management analysts are entry-level professionals who assist associates and partners by conducting financial research, performing basic financial modeling, and handling a variety of administrative and support duties (i.e., creating PowerPoint presentations, organizing presentation materials, fetching lunch, making photocopies, etc.).
Quick Facts
Employment Prospects
Good
Minimum Education Level
Bachelor's Degree
Experience
An internship or a summer analyst program at a wealth management
Financial
Personality Traits
Enterprising
Earnings
New college graduates with a bachelor’s degree in finance earned average starting salaries of $58,464 in 2019, according to the National Association of Colleges and Employers.
The U.S. Department of Labor reports that financial analysts earned median annual salaries of $81,590 in May 2019. Salaries ranged from less than $47,230 to $156,150 or more.
Employers offer a variety of ...
Work Environment
Wealth management analysts work long hours—8 a.m. to 8 p.m. can be typical. They may travel with partners to meet investors or to attend conferences. At investment banks, analysts will have use of the latest office equipment and financial software to do their work. Many top firms place a strong emphasis on creating a positive work environment that encourages diversity. For example, Morgan Stanl...
Outlook
Employment for financial analysts is expected to grow by 5 percent from 2019 to 2029, according to the U.S. Department of Labor (DOL), faster than the average for all occupations. It reports that "a growing range of financial products and the need for in-depth knowledge of geographic regions are expected to lead to strong employment growth."
