Financial Analyst
Hiring Trends & Salary Insights

Financial Analyst Role & Responsibilities

A Financial Analyst is responsible for analyzing financial data, generating reports, making financial forecasts, and providing investment recommendations. They help businesses make informed decisions by reviewing budgets, evaluating financial performance, and assessing market trends. Financial analysts often work across a range of industries, including banking, insurance, investment management, corporate finance, healthcare, and technology.

They typically work in industries such as:

  • Banking & Financial Services (asset management, investment analysis)
  • Technology (financial planning for startups and tech firms)
  • Healthcare (cost analysis, budgeting)
  • Corporate Finance (budgeting, financial forecasting for enterprises)
  • Consulting & Advisory Firms (providing insights for clients on investment opportunities)

Company Stage


Start-Ups & Scale-Ups

Financial analysts are often hired post-funding rounds to manage financial forecasts and budgets. Growing companies require financial analysts to monitor cash flow, profit margins, and growth trajectories.


MNCs

Large corporations often have full financial teams, with specific roles such as senior financial analysts, risk analysts, and investment analysts.


SMEs

Smaller companies typically hire financial analysts to oversee financial operations and perform cost-benefit analyses on a broader range of tasks.

Global Hiring Trends for Financial Analyst

Automation in Financial Analysis: Financial analysts are increasingly using AI and machine learning tools to automate reporting, making them more efficient and in demand across sectors like fintech and banking.

Rise of Remote Work: With remote work becoming the norm, especially post-pandemic, financial analysts are more commonly hired on a remote basis from lower-cost regions.

Specialization in Risk & Compliance: As regulatory pressures increase globally, companies are increasingly hiring specialized financial analysts who can deal with risk management, compliance, and tax strategy.

Regions Nuances & Insights for Financial Analyst

REGION
NUANCES & INSIGHTS
HIRING TRENDS
Eastern EU
Romania's financial services sector has grown rapidly, driven by demand from European banks. Romanian financial analysts are known for strong analytical skills, multilingual capabilities, and cost-effectiveness. In Georgia, while the financial sector is still developing, the country has become an attractive destination for outsourcing financial analysis, particularly for regional banks and companies in the Caucasus.
Companies from Germany, France, and the UK outsource financial analysis tasks to Romania for high-quality, affordable talent. Financial analysts in Georgia are hired by European and Middle Eastern firms to assist with budgeting, tax planning, and risk management.
Central Europe
Switzerland’s banking and finance industry is world-renowned, with a high demand for financial analysts skilled in investment banking, asset management, and risk management. The high cost of living and strong demand make it one of the most expensive places to hire financial analysts.
Swiss firms often outsource financial analysis roles to Eastern Europe and Asia to lower costs without compromising quality.
North Asia
Japan’s financial services sector is one of the largest globally, with a high demand for financial analysts in banking, investment management, and corporate finance. However, due to the country’s aging workforce, Japan is experiencing a shortage of financial professionals, which drives up local salaries.
Japanese firms often look to Southeast Asia and Eastern Europe for remote financial analysts to mitigate the high local costs of financial professionals.
South Asia
India remains a leading outsourcing destination for financial analysts due to its vast pool of CFA-certified professionals and strong technical expertise in financial modeling and forecasting. Indian financial analysts are often employed by global investment banks, asset management firms, and multinationals.
US and UK firms frequently hire financial analysts from India, especially in investment banking, corporate finance, and private equity.
Southeast Asia
The Philippines is known for its financial back-office expertise, while Vietnam is gaining ground in corporate finance and investment analysis, appealing to tech startups and multinational companies. Indonesia's financial analysts are recognized for their sector-specific insights, particularly in mining and energy. Singapore remains a financial hub but faces high labor costs, and Thailand is emerging as an outsourcing destination for corporate finance and banking roles due to its cost-effectiveness.
Philippines, Vietnam, and Indonesia attract outsourcing for financial planning and corporate finance, especially from Australia and the US. Singapore outsources to Vietnam, the Philippines, and India for financial analysis due to high costs, while Thailand's growing pool of talent is drawing attention for cost-effective outsourcing in financial services.
Latin America
Mexico, Brazil, and Argentina are key players in financial analysis outsourcing, especially for US and Canadian companies. Analysts from this region are known for their strong understanding of North American markets and time zone compatibility.
Latin American financial analysts are often employed by tech startups, investment firms, and multinational companies for budget forecasting, financial reporting, and risk management
North America
The US is a global hub for financial services, with financial analysts highly sought after in industries like tech, finance, and real estate. Cities like New York, Chicago, and San Francisco offer some of the highest salaries for analysts, especially those with expertise in data analytics and machine learning. In Canada, cities like Toronto and Vancouver drive demand for financial analysts, particularly in banking, insurance, and tech sectors, though rising labor costs are prompting companies to explore outsourcing options.
US companies are outsourcing financial analysis to regions like India, Latin America, and Eastern Europe, though local talent remains necessary for navigating SEC regulations. Canadian firms often hire remote financial analysts from Latin America to manage financial reporting, budget forecasting, and investment analysis, benefiting from time zone compatibility and cost savings.
Nordics
The Nordics are known for their sustainability finance sectors, with demand growing for financial analysts specializing in green finance, sustainable investments, and corporate responsibility finance. Nordic countries have a strong emphasis on tech-driven finance and innovation, especially in cities like Stockholm, Oslo, and Helsinki.
Due to the high cost of living, companies in the Nordics often outsource financial analysis, investment research, and risk assessment roles to Eastern Europe and Asia. These regions provide cost-effective solutions for global companies operating within the highly regulated Nordic markets.
South Africa
South Africa’s strong financial services sector and high English proficiency make it an attractive destination for companies in the UK, Europe, and Middle East. Financial analysts in South Africa are well-versed in working with international standards and regulations.
South African analysts are often hired by investment banks and insurance companies in Europe and the Middle East to perform financial modeling, risk analysis, and market research.
Middle East
Saudi Arabia’s Vision 2030 initiative is transforming the country’s economy, with a significant emphasis on diversifying away from oil. This has increased the demand for financial analysts specializing in infrastructure finance, real estate investments, and corporate finance. The local financial sector is rapidly growing, but the talent pool is still limited, pushing companies to seek talent from abroad.
Many Saudi firms rely on outsourcing to regions such as India, Philippines, and Eastern Europe for cost-effective financial analysts. These analysts are crucial in supporting the infrastructure boom and advising on foreign investment strategies.
UK & Ireland
The UK, especially London, is a global financial hub with a high demand for financial analysts in areas like investment banking, private banking, and corporate finance, driving fierce competition and high salaries. Dublin, Ireland, has emerged as a key player in Europe’s financial services post-Brexit, attracting global financial firms with its lower corporate tax rates, boosting demand for financial analysts in tech finance, corporate finance, and asset management.
Irish companies often outsource financial reporting, risk management, and compliance tasks to Eastern Europe and India to reduce costs, while the UK competes for top local talent.

Salary guide coming soon**