A financial analyst is responsible for analyzing financial data to help companies make informed decisions. The main tasks include preparing financial reports, performing market analysis and evaluating investment opportunities. Financial analysts often work closely with management to develop strategies to optimize costs and improve financial performance.
A Financial Analyst in Germany can earn an average annual salary of €66,946. The starting salary for this position is €49,825, while the upper salary limit is €84,822. According to Glassdoor, the average salary is €60,000 per year, with the potential total salary amounting to €66,000 per year.
Salaries vary depending on location and company. For example, a Financial Analyst in Munich earns an average of €63,000 per year, while in Stuttgart they earn €62,100 and in Bonn €60,000 per year. In other cities like Frankfurt, Hamburg, and Nuremberg, average salaries range between €57,800 and €58,200 per year.
Salaries can also differ based on company size and industry and may be supplemented by performance-related components.
To work as a financial analyst, a bachelor's degree in finance, economics, accounting or a related field is usually required. Many employers also prefer candidates with a master's degree in business administration (MBA) or a certification such as the Chartered Financial Analyst (CFA). Practical experience through internships is also a great advantage.
Financial analysts have a wide range of career opportunities. They can specialize in specific areas such as investment analysis, financial planning or risk management. With appropriate experience, financial analysts can also reach management positions, such as finance manager or director of finance.
