Financial Analyst Salary in the UK
Financial Analyst Salary in the UK
Every enterprise works on the fuel it gains from its finance. Be it a multinational corporation or a small-scale shop, without proper finance management, there is little scope for growth. With more and more companies entering the global horse race of development, the need for skilled professionals to take up finance management roles has significantly increased.
Financial Analyst is one such position gaining much attention in the global and national economies. A financial analyst provides professional guidance to enterprises regarding their diverse financial matters. In this regard, aspiring professionals have marked the prestigious learning platform of the United Kingdom as the best place to further their ambitions. Both the study of Finance management and career opportunities regarding the domain has continued to earn significance here. So let’s delve into the details here and see how a person can successfully develop a career in financial analysis.
Career as a Financial Analyst
Financial analysts’ studies present economic trends and the company’s business plans to create sustainable solutions to various financial challenges. At times, they are also responsible for developing expansionary policies to realize the enterprise’s growing ambitions.
Usually, companies accept professionals with a degree in economics, business administration, or finance management to the role of Financial Analyst. Financial analysts possess a specialization degree in Asset management and financial planning. As these themes are limited to prestigious institutions, the parts of Financial analysts are preserved for highly qualified professionals.
Apart from these academic qualifications, these professionals are also measured in terms of their expertise and years of work. Financial analysts find work in Multinational corporations, start-ups, banks, and even various government agencies.
At the standard rate, Financial analysts are tasked with the responsibilities of creating organized files of the enterprise’s financial data, assessing economic conditions and setting periodic reports on financial health, and predicting company growth for upcoming years.
Salary Scale of Financial Analysts
According to the credible platform Indeed, the average base salary rate for Financial Analysts in the U.K. can go up to £36,784 per year. Added to it, additional income in terms of bonus and overtime pay makes the financial analyst job one of the most attractive job options. On the other hand, similar jobs like Accounting clerk and Financial Planning Analyst can get up to £34,000 per year.
High pay grades of around £60,000 are open for more complex job roles in the finance domain. We can understand the same by looking into the growth patterns of a financial analyst’s career.
Growth in a Finance Analyst Career
Although Financial analysis is a glamorous job in the present economy, establishing one’s credibility as a skilled professional is challenging. When you start as a financial analyst intern, you are posed with the challenge of meeting the demanding work responsibilities without proper industrial experience over the same.
During this period, an intern can earn up to £20,316.
As they climb each level of the corporate ladder with time and effort, financial analysts get classified into different degrees of experts.
- A financial analyst II grade with two to five years of experience gets around the pay range of £42,000
- A financial analyst IV grade with five to eight plus years of experience can go beyond £42,000
With experience and proven excellency, they can raise their salary scales to up to £50,000 and more.
5 Best Paying Cities for Financial Analyst Jobs in the U.K.
Regarding a career in finance management, geographical location poses a crucial factor in setting income levels. Based on credible income data, the top-paying cities in the U.K. for Financial Analyst jobs are
- London: £44,237 per year
- Farnborough: £42,044 per year
- Chester: £38,586 per year
- Manchester: £38,069 per year
- Cambridge: £35,940 per year
Coming close to these rates are Bristol, Birmingham, and Brighton.
Comparison Between Average Financial Analyst Salary in U.K. and India
An average financial analyst position requiring at least two years of experience in India can earn the candidate around 8,13,000 INR, while the same job can bring around 37,00,000 INR. Added to the highly skewed income difference, there are considerable perks like Global exposure, better work ethics, and competitive spirit, and expanded market possibilities awaiting professionals in the United Kingdom.
Even with the living expenses, income tax proceedings, and insurance costs factored out, the United Kingdom still reins a better workplace for financial analysts than India.
How to Kickstart your career as a financial analyst
As explained here, financial analyst positions are often reserved for professionals specializing in finance management. Hence, the first step to realizing the dream is to gain an advanced Master’s degree from a reputed platform.
With countless job opportunities and professional growth prospects, the U.K. is an ambitious platform for passionate professionals, especially in the finance analyst domain.
Here, Imperial can help you with our curated information on course types, colleges/universities offering the program, and scholarship programs available over the same.If you are serious about your dream of gaining a rewarding career in the finance analyst domain, make the call today. Imperial is always at your service to help you reach your foreign destination in style. Contact us today at +91 93219 66512/ +91 98925 75748 or +91 99870 18853.
