Corporations, banks and investment companies depend on stock market analysts to research companies and stocks, track their earnings and recommend the best investments for growth. Stock market analysts also manage databases of current and historical stock data and write reports for management. If you want to become a stock market analyst, you need to earn a bachelor's degree. Your salary will vary according to the state or district in which you work.
Salary and Qualifications
The average annual salary of a stock market analyst was $54,000 as of 2013, according to the job site Indeed. Stock analysts may also earn bonuses and commissions if they help their companies meet certain investment quotas. According to the the U.S. Bureau of Labor Statistics, which loosely categorizes stock market analysts as financial analysts, the minimum educational requirement for this job is a bachelor's degree in finance, accounting, business, statistics or economics. It may also behoove job-seekers to participate in an internship, as some employers may prefer hiring those with experience. Other essential qualifications for the job are attention to detail and analytical, math, technical, decision-making, communication and computer skills.
In 2013, average annual salaries for stock market analysts varied most significantly within the South, according to Simply Hired, where they earned the lowest salaries of $42,000 in Mississippi and the highest of $85,000 in Washington, D.C. Those in the Midwest made $42,000 to $58,000 in South Dakota and Minnesota, respectively. If you were a stock market analyst in Maine or Massachusetts, you'd average $49,000 or $66,000, respectively -- the lowest and highest salaries in the Northeast. In the West, you'd make the most in California or Alaska or the least in Montana -- $61,000 or $43,000, respectively.
While stock market analysts earned $54,000 in 2013, as reported by Simply Hired, financial analysts earned average salaries of $89,410, according to May 2012 BLS data. The top 10 percent made more than $148,430 annually. Financial analysts manage mutual funds and many other types of investment portfolios for corporations and individual clients. In comparison, securities, commodities and financial sales agents earned average salaries of $100,910 per year, with the top 10 percent exceeding $138,930.
The BLS predicts a 23-percent increase in employment for financial analysts through 2020, faster than the 14-percent national rate for all occupations. Investment portfolios, including stocks, are becoming more complex, which is why companies may hire more financial and stock market analysts in the next decade. You may face stiff competition in this field, so consider getting certified as a chartered financial analyst through the CFI Institute, which may enhance your marketability as a stock market analyst. A master's degree in finance, accounting or a related major may also help you progress your career.
- U.S. Bureau of Labor Statistics: Occupational Outlook Handbook: How to Become a Financial Analyst
- U.S. Bureau of Labor Statistics: Financial Analysts: Job Outlook
- U.S. Bureau of Labor Statistics: Occupational Employment Statistics: Financial Analysts
- Job Shadow: Interview with an Edward Jones Stock Analyst
- Simply Hired: Average Stock Market Analyst Salaries
- Simply Hired: Average Stock Market Analyst Salaries in ME, NY and MA
- Simply Hired: Average Stock Market Analyst Salaries in MT, AK and CA
- Simply Hired: Average Stock Market Analyst Salaries in MS and DC
- Simply Hired: Average Stock Market Analyst Salaries in SD, IL and MN
- U.S. Bureau of Labor Statistics: Occupational Employment Statistics: Securities, Commodities, and Financial Services Sales Agents
- Thomas Northcut/Digital Vision/Getty Images