What does a Principal Financial Analyst do?

Financial analysts are responsible for tracking a company's financial performance against a plan, analyzing business performance and market conditions to create forecasts, and helping senior management make tactical and strategic decisions by providing periodic reports. However, not all financial analysts work with financial institutions or help their employers make investments. For example, a company may hire a financial analyst to measure the effectiveness of various marketing campaigns relative to cost.

Most financial analyst roles require a degree in accounting, economics, statistics, or business administration. Though not required, a CPA or an MBA may be preferred. A financial analyst should be very good with numbers and solving problems, and should be familiar with the workings of the economy, tax laws, and money markets.

  • Provide analytical, forecasting, reporting, and project support to senior management
  • Produce monthly reports, which include key metrics, financial results, and variance reporting
  • Spearhead the annual and quarterly budgeting and forecasting processes
  • Identify opportunities for performance improvement across the organization
  • Maintain knowledge and keep abreast of new investment regulations or policies
  • Develop models that help with decision-making
  • Bachelor's degree in Finance, Accounting, or related field; CPA or CMA a plus.
  • 2-4 years of relevant experience in corporate finance, financial planning & analysis, investment banking, or other related fields.
  • Strong working knowledge of Excel and financial modeling
  • Excellent analytical, decision-making, and problem solving skills
  • Attention to accuracy and detail required
EducationBachelor's Degree
Work/Life Balance
3.7 ★
Salary Range--
Career Opportunity
3.6 ★
Avg. Experience2-4 years

Principal Financial Analyst Salaries

Average Base Pay

$70,504 /yr
Same as national average
Not including cash compensation
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Not enough salaries reported to show distribution
Median: $71K
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Glassdoor Estimated Salary

Principal Financial Analyst Career Path

Learn how to become a Principal Financial Analyst, what skills and education you need to succeed, and what level of pay to expect at each step on your career path.

Principal Financial Analyst
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Principal Financial Analyst Insights

Read what Principal Financial Analyst professionals have to say about their job experiences and view top companies for this career.
Global DimensionsGlobal Dimensions
FMV Analyst
Oct. 8, 2020

“Really enjoyed working with them and the pay was good for living cost in St. Louis”

Financial Analyst and Planning
Jul. 8, 2019

“1) Compensation is not great at all but I guess the important projects and responsibilities makes up for it.”

Financial Analyst
Jun. 7, 2021

“The salary is great and well above what one needs to live comfortably in Houston.”

RISK Counseling Associates
Financial Analyst
Jun. 4, 2021

“Boutique firm so small teams which can be either really good or no so great depending on the individual”

Northside HospitalNorthside Hospital
Financial Analyst
Jul. 19, 2021

“My managers are great to work with and I have loved this job so far!”

Time and Expense Associate
Sep. 8, 2021

“I had a great boss who helped with any issues and always try to keep things positive”

Finance Analyst
Apr. 29, 2021

“You work with other people in Finance (both Livingston and London) which means good networking opportunities.”

Financial Analyst
Jan. 10, 2021

“I liked the advisory department as it was a growing department and provided me a good learning curve.”

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Principal Financial Analyst Interviews

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