Bond Analyst: Job Description & Career Requirements

Apr 11, 2019

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 (2018)* $85,660 (all financial analysts)
Job Growth (2016-2026)* 11% (all financial analysts)

Source: *U.S. Bureau of Labor Statistics

Education Required

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.

Skills Required

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 11% from 2016 to 2026 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 $85,660 per year in 2018.

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 2016 to 2026, the BLS predicts much faster than average employment growth of 15% for personal financial advisors, who earned a median annual wage of $88,890 in 2018.

Budget Analyst

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 at an average rate for all occupations, at 7% during the 2016-2026 decade. As of May 2018, budget analysts took home a median salary of $76,220 per year, according to the BLS.

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