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Financial Analyst

Financial analysts collect, evaluate, and apply financial, economic, and statistical data. They analyze and evaluate investment opportunities, and make financial decisions and recommendations.

Also Known As

Investment Analyst, Securities Analyst

NOC Codes

In Canada, the federal government groups and organizes occupations based on a National Occupational Classification (NOC) system. This alis occupation may not reflect the entire NOC group it is part of. Data for the NOC group can apply across multiple occupations.

The NOC system is updated every 5 years to reflect changes in the labour market. Government forms and labour market data may group and refer to an occupation differently, depending on the system used.

Here is how this occupation has been classified over time.

2006 NOC

  • 1112.1: Financial Analysts

2006 NOC-S

  • B012: Financial and Investment Analysts

2011 NOC

  • 1112: Financial and investment analysts

2016 NOC

  • 1112: Financial and investment analysts

2021 NOC

  • 11101: Financial and investment analysts

2023 OaSIS

  • 11101.01: Financial analysts
Updated Apr 11, 2022

In general, financial analysts:

  • Manage investment funds
  • Identify possible risks and returns from investments
  • Recommend investments to help clients reach their financial goals
  • Evaluate the securities of companies (including estimates of each company’s future earning power)

In securities firms, analysts:

  • Study private and public companies
  • Prepare reports for stockbrokers, institutional investors, and retail clients
  • Market their recommendations to in-house salespeople and external clients
  • Work with investment bankers to attract new corporate clients

Most analysts specialize in specific industries or segments of the market.

In large institutions, such as banks, pension funds, and governments, financial analysts may:

  • Monitor national and international stock and bond markets
  • Monitor national and international economic conditions
  • Follow major Canadian and international industries such as oil and gas, forestry, banking, mining, and telecommunications
  • Conduct in-depth studies of companies or investment opportunities that relate to their organizations’ focus

They may specialize in stock, bond, or real estate markets. They often prepare reports for fund managers. These reports suggest how best to invest funds ranging from millions to hundreds of millions of dollars.

Working Conditions
Updated Apr 11, 2022
  • Strength Required Lift up to 5 kg

Financial analysts work long hours in an office environment under constant deadline pressure. The work is intense and detail oriented. It often involves working with computers and custom-designed software. Some travel may be required.

Interests & Abilities

In Alberta, this occupation is part of 1 or more 2006 National Occupational Classification (NOC) groups. If there are multiple related NOC groups, select a NOC heading to learn about each one.

Financial Analysts

2006 NOC: 1112.1

Interest Codes

Interest Codes for This NOC Group

Interest in planning short- and long-term cash flows, assessing financial performance, and in implementing and using tools for managing and analyzing financial portfolios


Interest in analyzing investment projects; in developing tools for managing and analyzing financial portfolios; and in evaluating financial risk and preparing financial forecasts, financing scenarios and other documents concerning capital management


Interest in consulting with financial backers to follow up on financing projects

Your Interest Codes

To identify or change your interest codes, complete the Interests Exercise in CAREERinsite.

Reading Interest Codes
A Quick Guide

The interest code helps you figure out if you’d like to work in a particular occupation. 

It’s based on the Canadian Work Preference Inventory (CWPI), which measures 5 occupational interests: Directive, Innovative, Methodical, Objective, and Social.

Each set of 3 interest codes for this NOC group is listed in order of importance.

A code in capital letters means it’s a strong fit for the occupation.

A code in all lowercase letters means the fit is weaker.

Learn About Interests


Typical ability expectations for this NOC group
Your abilities

To fill in or change the values for your abilities, complete the Abilities Exercise in CAREERinsite.

Mental Abilities

General Learning Ability

Verbal Ability

Numerical Ability

Visual Abilities

Spatial Perception

Form Perception

Clerical Perception

Physical Abilities

Motor Coordination

Finger Dexterity

Manual Dexterity

Understanding Abilities

A Quick Guide

You are born with abilities that help you process certain types of information and turn it into action. These abilities influence which skills you can learn more easily.

The abilities or aptitudes shown for this NOC group come from the General Aptitude Test Battery (GATB). The GATB measures 9 aptitudes. It groups them into 3 categories: mental, visual, and physical.

The abilities scores range from 1 to 5, with 5 being stronger.

Learn About Abilities

Traits & Skills
Updated Apr 11, 2022

Financial analysts need:

  • Ethics
  • Analytical skills to conduct thorough, objective research and recommend wise investments
  • Time-management skills
  • An ability to deal with frequent interruptions
  • Communication skills
  • An ability to present findings effectively
  • Proficiency in math and software

They should enjoy:

  • Taking a methodical approach to collecting information
  • Analyzing problems and finding creative solutions
  • Consulting with people
  • Directing the work of others

In Alberta, this occupation is part of 1 or more 2016 National Occupational Classification (NOC) groups. If there are multiple related NOC groups, select a NOC heading to learn about each one.

Top 10 Skills Employers Are Looking For

Financial and investment analysts

2016 NOC: 1112

This chart shows which job skills are currently in highest demand for this occupational group. It was created using this occupation's 71 most recent Alberta job postings, collected between Nov 08, 2021 and May 25, 2024.

Review these skills to learn:

  • Whether or not this occupation matches your skill set
  • What training you may need to get these skills
  • What skills to highlight in your resumé, cover letter, and interview.
Tasks: Plan short- and long-term cash flows and assess financial performance
Tasks: Assist in preparing operating and investment budgets
Tasks: Analyze investment projects
Tasks: Evaluate financial risk, prepare financial forecasts, financing scenarios and other documents concerning capital management
Tasks: Develop, implement and use tools for managing and analyzing financial portfolio
Tasks: Advise on and participate in the financial aspects of contracts and calls for tender
Tasks: Prepare company, industry and economic outlooks, analytical reports, briefings notes and correspondence
Attention to detail
Construction Specialization: Organized
Tasks: Prepare a regular risk profile for debt portfolios
Educational Requirements
Updated Apr 11, 2022
  • Minimum Education 4 years post-secondary

Most employers require prospective analysts to have several years of relevant work experience and at least 1 university degree. They may prefer applicants who have completed finance- and industry-related programs. For example, analysts in the oil and gas industry might obtain a degree in geology or petroleum engineering followed by business education or training.

Most employers encourage or require junior analysts to complete the Chartered Financial Analyst (CFA) program offered through the CFA Institute.

To expand or narrow your search for programs related to this occupation, visit Post-Secondary Programs.

Completing a program does not guarantee entrance into an occupation. Before enrolling in an education program, prospective students should look into various sources for education options and employment possibilities. For example, contact associations and employers in this field.

Certification Requirements
Updated Apr 11, 2022
  • Certification Not Regulated

Under Alberta’s Securities Act [pdf], you must be registered with the Alberta Securities Commission (ASC) to deal in, advise on, and manage funds and securities.

Financial planners need to complete specific courses depending on the financial products they handle:

Additional courses and training may be required after obtaining certain licences.

For details, visit the ASC and Investment Industry Regulatory Organization of Canada (IIROC) websites.

Employment & Advancement
Updated Apr 11, 2022

Financial analysts most often work for:

  • Securities firms
  • Investment banking firms
  • Banks
  • Trust companies
  • Governments
  • Insurance companies
  • Mutual and pension funds
  • Accounting firms
  • Investment counselling firms
  • Foundations and schools with large amounts of money to invest
  • Other large private corporations

Most financial analysts employed by investment firms work in head offices, often in Central Canada. Many energy sector companies have head offices in Calgary and employ financial analysts there. Some experienced analysts choose self-employment as private consultants.

Industry Concentration

This section shows the industries where the majority of people in this occupation work. The data is based on the 2016 Census.

In Alberta, this occupation is part of 1 or more 2016 National Occupational Classification (NOC) groups.

In the 1112: Financial and investment analysts occupational group, 78.3% of people work in:

Employment Outlook

Employment outlook is influenced by a wide variety of factors including:

  • Time of year (for seasonal jobs)
  • Location in Alberta
  • Employment turnover (when people leave existing positions)
  • Occupational growth (when new positions are created)
  • Size of the occupation
  • Trends and events that affect overall employment, especially in the industry or industries from the previous list

In Alberta, the 1112: Financial and investment analysts occupational group is expected to have a below-average annual growth of 2.2% from 2021 to 2025. In addition to job openings created by employment turnover, 102 new positions are forecasted to be created within this occupational group each year.

NOC groups often include several related occupations. Although there is labour market data for the larger NOC group, this occupation makes up only a part of that group. It means data for this occupation may be different than the data shown. For example, only some of the new positions to be created will be for this occupation. It also applies to other data for the NOC group such as number of people employed.

Source: 2021-2025 Alberta Regional Occupational Demand Outlook

Employment turnover is expected to increase as members of the baby boom generation retire over the next few years.

Related Alberta Job Postings
Wage & Salary
Updated Apr 11, 2022

Salaries for financial analysts vary a lot. Factors include type of employer and the analyst’s job description and qualifications. Bonuses for senior analysts in securities firms can greatly increase their incomes.

In Alberta, this occupation is part of 1 or more 2016 National Occupational Classification (NOC) groups. If there are multiple related NOC groups, select a NOC heading to learn about each one.

Financial and investment analysts

2016 NOC: 1112
Average Wage
Per Hour
Average Salary
Per Year
Average Hours
Per Week
Average Months on Payroll
Survey Methodology Survey Analysis

2021 Alberta Wage and Salary Survey

NOC 1112 Wage Profile

Unless otherwise noted, the data shown here is for all industries and all regions in Alberta.

All wage estimates are hourly except where otherwise indicated. Wages and salaries do not include overtime hours, tips, benefits, profit shares, bonuses (unrelated to production), and other forms of compensation.

To see the full survey data for this NOC group, visit the wage profile.

Other wage sources
To make an informed wage and salary decision, research other wage sources [pdf] to supplement this data.

A: High Reliability
Data Reliability Code Definition

High Reliability, represents a CV of less than or equal to 6.00% and 30 survey observations and/or represents 50% or more of all estimated employment for the occupation.

Hourly Wage

For full-time and part-time employees
  • Low
  • High
  • Average
  • Median

Hourly Wage

For full-time and part-time employees
Wages* Low (5th percentile) High (95th percentile) Average Median
Starting $19.71 $57.23 $35.70 $31.79
Overall $31.62 $76.11 $47.18 $43.76
Top $36.06 $108.31 $64.27 $57.42

Swipe left and right to view all data. Scroll left and right to view all data.

* All wage estimates are hourly except where otherwise indicated. Wages and salaries do not include overtime hours, tips, benefits, profit shares, bonuses (unrelated to production) and other forms of compensation.

Pay brackets for hourly wages

  • Starting pay: average pay offered for entry-level positions
  • Overall pay: average pay across all employees in this occupation
  • Top pay: average pay offered to top-paid employees

Industry Information

Oil & Gas Extraction
Finance, Insurance, Real Estate, Leasing
Professional, Scientific & Technical Services
Educational Services
Health Care & Social Assistance
Public Administration

Skills Shortage

Employers that Recruited in the Last 2 Years
Recruiting Employers that Experienced Hiring Difficulties
Employers with Unfilled Vacancies of over 4 Months
Vacancy Rate
Related Post-Secondary Field of Study
  • Business, Management and Administrative Studies
  • Communications
  • Computer and Information Technology
  • Mathematics
Other Sources of Information
Updated Apr 11, 2022

Alberta Securities Commission website:

CFA Institute website:

CFA Society Calgary website:

CFA Society Edmonton website:

Canadian Securities Institute (CSI) website:

Get information and referrals about career, education, and employment options from Alberta Supports.

Updated Mar 31, 2022. The information contained in this profile is current as of the dates shown. Salary, employment outlook, and educational program information may change without notice. It is advised that you confirm this information before making any career decisions.

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