What does a Banking Analyst do

Practical Adult Insights; New York (NY); On-site; USD 80,000 - 120,000; Full time

Job summary

Practical Adult Insights is seeking a banking analyst in New York, NY. The role involves analyzing financial information, advising on investments, and working with complex financial data. Candidates should hold a bachelor's degree in finance or a related field and be prepared for long hours to stay updated with economic news.

Banking analysts play a crucial role in guiding market decisions and require a commitment to analyzing performance and constructing financial models for forecasting. This is an excellent opportunity for professionals eager to grow in the financial services sector.

Qualifications

• Long hours commitment to stay current with political and economic news.

Responsibilities

• Work with spreadsheets and specialized software to process data.
• Collect performance information about the employer’s company and analyze it to make recommendations.
• Act as an underwriter, determining appropriate investment opportunities for the bank.
• Provide advice on buying and selling stocks, administering loans, and other financial matters.
• Analyze industry peers to forecast sector trends and inform policy decisions.
• Construct long-term financial models to illustrate the impact of various actions on projected outcomes.

Education

Bachelor’s degree in banking, finance, accounting, or a related field

Job description

Overview

A banking analyst is a financial professional who studies financial information to interpret its meaning and determine how it should be applied. Companies in the financial services industry rely on in‑house analysts to guide their market decisions, and individuals may also seek guidance from banking analysts to strengthen their financial positions.

Qualifications

To become a banking analyst, one typically needs a bachelor’s degree in banking, finance, accounting, or a related field. The role demands long hours and a commitment to stay current with political and economic news, which analysts must pursue on their own time.

Responsibilities

• Work with spreadsheets and specialized software to process data.
• Collect performance information about the employer’s company and analyze it to make recommendations.
• Act as an underwriter, determining appropriate investment opportunities for the bank.
• Provide advice on buying and selling stocks, administering loans, and other financial matters.
• Analyze industry peers to forecast sector trends and inform policy decisions.
• Construct long‑term financial models to illustrate the impact of various actions on projected outcomes.

Compensation & Benefits

Pay for banking analysts is highest in major financial centers such as London, Tokyo, and New York City. Larger banks offer more complex and detailed roles with higher compensation, while smaller banks provide opportunities to help them grow and support local economic development.