Career Definition for Bond Analysts
Bond analysts work with hedge funds and other investment teams. They provide judgments and in-depth analysis on bond investment strategies. Bond analysts must review financial statements, fund documents, and performance data. Some bond analysts are required to negotiate credit terms with trading and sales professionals.
|Education||Bachelor's or master's in accounting or related field|
|Job Duties||Provide analysis on investment strategies, review financial statements|
|Median Salary (2015)*||$80,310 (all financial analysts)|
|Job Growth (2014-2024)*||12% (all financial analysts)|
Source: *U.S. Bureau of Labor Statistics
The Miami Dade County Employee Relations Department writes that bond analysts are required to have at least a bachelor's degree in accounting, business administration, or finance. Some employers may prefer than an analyst graduate with a master's degree in business administration (MBA) from a highly ranked university. While in school, students should takes classes in economics, statistics, accounting, budgeting, and financial analysis.
The U.S. Bureau of Labor Statistics reports that bond analysts must have strong analytical, math, and problem solving abilities. It's important that individuals working as a bond analyst have good communication skills, because they often have to present and explain complicated financial strategies to colleagues. Bond analysts should be confident, organized, and detail-oriented. The financial sector has become increasingly reliant on computers, and bond analysts should understand how to read and operate financial software programs.
Economic and Career Outlook
The U.S. Bureau of Labor Statistics (BLS) reports that opportunities for financial analysts, including bond analysts, are expected to grow 12% from 2014 to 2024 due to the growing complexity of investments and expansion of the financial sector. With regulations becoming more scrutinized, bond analysts will be looked at to provide financial analysis and research. According to the BLS, the median salary for a financial analyst is about $80,310 per year in 2015.
Alternate Career Options
Similar career options in this field include:
Personal Financial Advisor
These advisors give advice to individuals about taxes, insurances, and investments; they usually have at least a bachelor's degree. Depending on their areas of expertise, certain certifications, licenses, or registrations might be required or beneficial. From 2014 to 2024, the BLS predicts much faster than average employment growth of 30% for personal financial advisors, who earned a median annual wage of $89,160 in 2015.
Normally having at least a bachelor's degree, budget analysts monitor the spending of private and public institutions, prepare budget reports, and help them organize their finances. Employment for budget analysts is expected by the BLS to grow slower than the average rate for all occupations, at 3% during the 2014-2024 decade. As of May 2015, budget analysts took home a median salary of $71,590 per year, according to the BLS.