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FINANCIAL ANALYST: Get Focused On A Career Quickly

About this video 

Crystal, a financial analyst, is responsible for managing federal funding contracts at a university. Her typical day involves analyzing spreadsheets and numbers to determine how much money researchers have left on their project and how they can or cannot spend that money. She was originally an elementary education major, but ended up changing majors when she had to leave school quickly. She tells us that she wishes she would have found a career focus at a younger age because that gives you time to grow in that field.

Degree: Sociology - MBA
Job Title: Financial Analyst
Employer: University of Maryland

Job Summary: Financial Analysts

Job Description

Financial analysts provide guidance to businesses and individuals making investment decisions. They assess the performance of stocks, bonds, and other types of investments.

On-the-Job Training

None

Additional Info

Certification is often recommended by employers and can improve the chances for advancement. An example is the Chartered Financial Analyst certification from the CFA Institute, which financial analysts can get if they have a bachelor's degree, 4 years of experience, and pass three exams. Financial analysts can also become certified in their field of specialt

Certification Requirement
Recommended by the Chartered Financial Analyst.

Quick Facts

Average salary
Average salary
National Statistic Change Location
Confirm
$45,000 - $145,000
Projected job growth
Projected Job Growth
20 to 30 percent
Typical schedule
Typical schedule
Full-time
Typical workplace
Typical workplace
Indoor, Office, Outdoor, Home, Military
Personal qualities
Personal Qualities
Analytical skills, Detail oriented, Mathematical skills, Technical skills, Verbal communication skills, Written communication skills

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P3.instances[0].transcript.parse_transcript_data({"transcript":"<p><span m='0'>Hi,</span> <span m='356'>my name is</span> <span m='712'>Crystal</span> <span m='1070'>Umaru.</span> <span m='1740'>I</span> <span m='2040'>am</span> <span m='2325'>a</span> <span m='2610'>financial</span> <span m='3040'>coordinator</span> <span m='3610'>for</span> <span m='3790'>the</span> <span m='3880'>University</span> <span m='4165'>of</span> <span m='4450'>Maryland.</span> <span m='6370'>I'm</span> <span m='6610'>also</span> <span m='6830'>known</span> <span m='7020'>as</span> <span m='7120'>a</span> <span m='7180'>financial</span> <span m='7550'>analyst.</span> <span m='8070'>So</span> <span m='8660'>what</span> <span m='8870'>I do</span> <span m='9210'>is</span> <span m='9660'>my</span> <span m='9940'>center</span> <span m='10210'>is</span> <span m='10420'>funded</span> <span m='10680'>by</span> <span m='10790'>the</span> <span m='10860'>federal</span> <span m='11160'>government,</span> <span m='11900'>and</span> <span m='12470'>I</span> <span m='12720'>am</span> <span m='12860'>responsible</span> <span m='13310'>for</span> <span m='13440'>managing</span> <span m='14220'>the</span> <span m='15520'>contracts,</span> <span m='16129'>the</span> <span m='16450'>federal</span> <span m='16720'>dollars</span> <span m='17180'>that</span> <span m='17300'>come</span> <span m='17460'>in</span> <span m='17510'>the</span> <span m='17580'>door,</span> <span m='17990'>and</span> <span m='18210'>help</span> <span m='18440'>us</span> <span m='18920'>to</span> <span m='19150'>complete</span> <span m='19530'>the</span> <span m='19610'>mission</span> <span m='19960'>that we're</span> <span m='20200'>tasked</span> <span m='20520'>with.</span> </p><p><span m='21170'>Typically</span> <span m='21570'>in</span> <span m='21630'>the</span> <span m='21750'>office</span> <span m='22390'>I</span> <span m='22810'>interface</span> <span m='23330'>with</span> <span m='23450'>a</span> <span m='23470'>lot</span> <span m='23650'>of</span> <span m='23710'>different</span> <span m='24190'>apartments</span> <span m='24370'>on</span> <span m='24480'>campus.</span> <span m='25120'>There's</span> <span m='25180'>a</span> <span m='25230'>lot</span> <span m='25470'>of</span> <span m='25530'>communication</span> <span m='26230'>that</span> <span m='26300'>goes</span> <span m='26540'>on</span> <span m='28030'>with</span> <span m='28190'>my</span> <span m='28290'>job.</span> <span m='28680'>But</span> <span m='28890'>I'm</span> <span m='29130'>also</span> <span m='29520'>on</span> <span m='29620'>the</span> <span m='29710'>computer</span> <span m='30030'>a</span> <span m='30100'>lot</span> <span m='30770'>in</span> <span m='31140'>spreadsheets</span> <span m='32060'>and</span> <span m='32350'>looking</span> <span m='32520'>at</span> <span m='32650'>numbers,</span> <span m='32910'>analyzing</span> <span m='33420'>numbers.</span> <span m='34420'>Basically</span> <span m='35460'>taking</span> <span m='35910'>information</span> <span m='36370'>that</span> <span m='36490'>we</span> <span m='36570'>have</span> <span m='36830'>on</span> <span m='36950'>paper</span> <span m='37680'>and</span> <span m='38830'>communicating</span> <span m='39175'>it</span> <span m='39520'>to</span> <span m='40380'>the</span> <span m='40780'>researchers</span> <span m='41410'>and</span> <span m='41510'>letting</span> <span m='41660'>them</span> <span m='41790'>know</span> <span m='42030'>how</span> <span m='42160'>much</span> <span m='42360'>money</span> <span m='42570'>they</span> <span m='42670'>have</span> <span m='42990'>left</span> <span m='43230'>on</span> <span m='43300'>their</span> <span m='43410'>projects,</span> <span m='44870'>how</span> <span m='45140'>they</span> <span m='45250'>can</span> <span m='45570'>and</span> <span m='45640'>cannot</span> <span m='45910'>spend</span> <span m='46360'>the</span> <span m='46460'>money.</span> <span m='47050'>And</span> <span m='47190'>also</span> <span m='47400'>communicating</span> <span m='47870'>with</span> <span m='48000'>the</span> <span m='48070'>government,</span> <span m='48880'>letting</span> <span m='49220'>them</span> <span m='49500'>know</span> <span m='49700'>how</span> <span m='49930'>we're</span> <span m='50050'>spending</span> <span m='50930'>federal</span> <span m='51220'>tax</span> <span m='51460'>dollars.</span> </p><p><span m='52180'>And</span> <span m='52530'>it's</span> <span m='52760'>the</span> <span m='52780'>researchers'</span> <span m='53160'>jobs</span> <span m='53560'>to</span> <span m='53830'>communicate</span> <span m='54930'>how</span> <span m='55240'>that</span> <span m='55430'>money is</span> <span m='55660'>being</span> <span m='56060'>spent,</span> <span m='56500'>and</span> <span m='56730'>how</span> <span m='56870'>the</span> <span m='56960'>research</span> <span m='57260'>is</span> <span m='57360'>coming</span> <span m='57590'>along.</span> <span m='57970'>So</span> <span m='58430'>I</span> <span m='58620'>work</span> <span m='58900'>more</span> <span m='59170'>in</span> <span m='59230'>the</span> <span m='59480'>financial</span> <span m='59900'>side,</span> <span m='60200'>while</span> <span m='60300'>the</span> <span m='60370'>researchers</span> <span m='60730'>work</span> <span m='60950'>more</span> <span m='61240'>on</span> <span m='61420'>the</span> <span m='61510'>technical</span> <span m='61900'>side</span> <span m='62080'>of</span> <span m='62160'>the</span> <span m='62230'>house.</span> <span m='62730'>But</span> <span m='62940'>we</span> <span m='63050'>work</span> <span m='63260'>together</span> <span m='63720'>to</span> <span m='63830'>make</span> <span m='63950'>it</span> <span m='64019'>all</span> <span m='64790'>work.</span> </p><p><span m='65230'>So a</span> <span m='65640'>typical</span> <span m='66000'>college</span> <span m='66270'>student--</span> <span m='66850'>I</span> <span m='67050'>didn't</span> <span m='67140'>know</span> <span m='67360'>what</span> <span m='67850'>I</span> <span m='67940'>wanted</span> <span m='68180'>to</span> <span m='68270'>do</span> <span m='68570'>or</span> <span m='68840'>where</span> <span m='69110'>I wanted</span> <span m='69270'>to go</span> <span m='69575'>in</span> <span m='69880'>life,</span> <span m='70660'>I</span> <span m='70830'>just</span> <span m='71040'>knew</span> <span m='71200'>that</span> <span m='71750'>education</span> <span m='72200'>was</span> <span m='72290'>really</span> <span m='72530'>important.</span> <span m='73030'>So</span> <span m='73700'>my</span> <span m='73950'>first</span> <span m='74350'>couple</span> <span m='74580'>of</span> <span m='74680'>years</span> <span m='75420'>of</span> <span m='75510'>college,</span> <span m='76620'>I was</span> <span m='76790'>just</span> <span m='77180'>all</span> <span m='77360'>over</span> <span m='77480'>the</span> <span m='77550'>place.</span> <span m='77960'>I</span> <span m='77970'>was</span> <span m='78050'>a</span> <span m='78590'>elementary</span> <span m='79010'>education</span> <span m='79460'>major.</span> <span m='80180'>And</span> <span m='80490'>then</span> <span m='81420'>some</span> <span m='81620'>life</span> <span m='81770'>circumstances</span> <span m='82160'>things</span> <span m='83130'>happened,</span> <span m='83440'>as life</span> <span m='83640'>often</span> <span m='83970'>does,</span> <span m='84450'>and I needed</span> <span m='84650'>to get</span> <span m='84930'>out of</span> <span m='85000'>college</span> <span m='85340'>really</span> <span m='85600'>fast.</span> <span m='85850'>So</span> <span m='86450'>I ended up</span> <span m='86800'>majoring</span> <span m='87230'>in</span> <span m='87380'>sociology</span> <span m='88615'>and</span> <span m='88950'>landed</span> <span m='89380'>a</span> <span m='89440'>job</span> <span m='89830'>as</span> <span m='90070'>a</span> <span m='90490'>temp</span> <span m='90910'>for</span> <span m='92100'>a</span> <span m='92180'>financial</span> <span m='92550'>analyst.</span> <span m='93320'>And</span> <span m='93810'>she</span> <span m='93980'>mentored</span> <span m='94380'>me,</span> <span m='94700'>and</span> <span m='95140'>that's</span> <span m='95470'>how</span> <span m='95640'>I</span> <span m='95770'>fell</span> <span m='95970'>into</span> <span m='96260'>finance.</span> </p><p><span m='97360'>I</span> <span m='97420'>decided</span> <span m='97740'>to</span> <span m='97790'>go</span> <span m='97880'>back</span> <span m='98080'>and</span> <span m='98160'>get</span> <span m='98310'>my</span> <span m='98470'>MBA,</span> <span m='99390'>and</span> <span m='100060'>I've</span> <span m='100220'>been</span> <span m='100340'>in</span> <span m='100410'>finance</span> <span m='100760'>for</span> <span m='100840'>about</span> <span m='101170'>seven</span> <span m='101485'>to</span> <span m='101800'>eight</span> <span m='101880'>years</span> <span m='102150'>now,</span> <span m='102890'>and</span> <span m='103160'>my</span> <span m='103350'>niche</span> <span m='103830'>is</span> <span m='104480'>managing</span> <span m='104900'>federal</span> <span m='105720'>contracts.</span> <span m='106270'>So</span> <span m='106660'>that's</span> <span m='106900'>how</span> <span m='107480'>that</span> <span m='107680'>came</span> <span m='107920'>to</span> <span m='108000'>be.</span> <span m='108220'>But</span> <span m='109110'>at</span> <span m='109800'>first</span> <span m='109970'>I didn't</span> <span m='110310'>know what</span> <span m='110390'>I</span> <span m='110430'>wanted</span> <span m='110660'>to</span> <span m='110740'>do,</span> <span m='111310'>but</span> <span m='111900'>opportunity</span> <span m='112480'>led</span> <span m='112730'>me</span> <span m='113360'>in</span> <span m='113450'>the</span> <span m='113520'>direction</span> <span m='113910'>of</span> <span m='114000'>finance</span> <span m='114540'>and</span> <span m='114620'>that's</span> <span m='114830'>OK.</span> <span m='115890'>But</span> <span m='116120'>education</span> <span m='116640'>was</span> <span m='116790'>definitely</span> <span m='117280'>opportunity,</span> <span m='118150'>definitely</span> <span m='118470'>got</span> <span m='118750'>me to</span> <span m='118910'>where I am</span> <span m='119100'>right</span> <span m='119630'>now.</span> </p><p><span m='120325'>What</span> <span m='120680'>I</span> <span m='120880'>wish</span> <span m='121370'>I'd</span> <span m='121870'>known</span> <span m='122410'>when</span> <span m='122550'>I</span> <span m='122610'>was</span> <span m='122760'>younger.</span> <span m='123680'>I</span> <span m='123750'>guess</span> <span m='124300'>during my</span> <span m='124720'>high</span> <span m='124860'>school</span> <span m='125090'>years</span> <span m='125370'>is</span> <span m='125490'>to</span> <span m='125760'>really</span> <span m='125990'>have</span> <span m='126120'>a</span> <span m='126170'>focus.</span> <span m='127020'>I</span> <span m='127070'>think</span> <span m='127240'>I</span> <span m='127460'>spent</span> <span m='127610'>a</span> <span m='127680'>lot</span> <span m='127950'>of</span> <span m='128050'>years</span> <span m='128740'>not</span> <span m='128949'>quite</span> <span m='129240'>knowing</span> <span m='129680'>where</span> <span m='129979'>I</span> <span m='130009'>wanted</span> <span m='130320'>to</span> <span m='130430'>go.</span> <span m='130740'>And</span> <span m='130820'>I</span> <span m='130880'>think</span> <span m='131080'>that's</span> <span m='131280'>completely</span> <span m='131820'>normal,</span> <span m='132530'>but</span> <span m='133120'>it's</span> <span m='133300'>also</span> <span m='133580'>good</span> <span m='133880'>to</span> <span m='134380'>try</span> <span m='134520'>to</span> <span m='134590'>get as</span> <span m='134690'>focused</span> <span m='135220'>as</span> <span m='135420'>quickly</span> <span m='135790'>as</span> <span m='135910'>possible</span> <span m='136550'>so</span> <span m='136720'>that</span> <span m='136860'>you</span> <span m='136980'>can</span> <span m='137280'>grow</span> <span m='137550'>in</span> <span m='137660'>that</span> <span m='137880'>area</span> <span m='138260'>as</span> <span m='138450'>quickly</span> <span m='138750'>as</span> <span m='138850'>possible.</span> <span m='139170'>Get</span> <span m='139490'>internships</span> <span m='140490'>and</span> <span m='140770'>study</span> <span m='141110'>that</span> <span m='141350'>field</span> <span m='141920'>as</span> <span m='142040'>soon</span> <span m='142210'>as</span> <span m='142310'>possible.</span> </p><p><span m='142810'>So</span> <span m='143960'>yeah,</span> <span m='144190'>I would</span> <span m='144380'>have</span> <span m='144740'>just</span> <span m='145420'>gotten</span> <span m='145690'>focused</span> <span m='146100'>as</span> <span m='146600'>soon</span> <span m='146970'>as</span> <span m='147430'>possible.</span> <span m='147890'>And</span> <span m='148160'>I</span> <span m='148430'>was</span> <span m='148730'>always</span> <span m='149030'>good at</span> <span m='149300'>math,</span> <span m='149900'>but</span> <span m='150140'>I didn't</span> <span m='150410'>know</span> <span m='150690'>that</span> <span m='150820'>that</span> <span m='151000'>was</span> <span m='151130'>even</span> <span m='151690'>an</span> <span m='151800'>option</span> <span m='152250'>for</span> <span m='152480'>me.</span> <span m='153200'>I</span> <span m='153300'>wish</span> <span m='153550'>I</span> <span m='153760'>had</span> <span m='154080'>known</span> <span m='154460'>that</span> <span m='154650'>back</span> <span m='154850'>in</span> <span m='154920'>high</span> <span m='155100'>school.</span> <span m='155350'>But</span> <span m='155760'>that's</span> <span m='155970'>what</span> <span m='156040'>this bill</span> <span m='156280'>is</span> <span m='156560'>for</span> <span m='157000'>is to</span> <span m='157310'>give</span> <span m='157740'>you</span> <span m='157850'>guys</span> <span m='158430'>options</span> <span m='159170'>and</span> <span m='159310'>areas</span> <span m='159930'>and</span> <span m='160700'>diversity</span> <span m='161930'>and</span> <span m='161980'>have</span> <span m='162210'>you</span> <span m='162270'>guys</span> <span m='162660'>be</span> <span m='162830'>open</span> <span m='163190'>to</span> <span m='163420'>what's</span> <span m='163680'>out</span> <span m='163910'>there</span> <span m='164300'>and</span> <span m='164490'>explore</span> <span m='164810'>those</span> <span m='165090'>areas.</span> </p>","file":{"id":375854,"video_id":"3357418354001","name":"2291-Crystal-FinancialAnalyst1","duration":166232,"thumbnail_url":null}});