- Job Description:
Treasury analysts monitor spending, receiving, and budgetary forecasting for businesses. They commonly work with project managers and executives to develop and implement budgets. Treasury analysts are responsible for knowing current financial plans, as well as estimated future needs and assisting with growth strategy. They are also responsible for developing and maintaining hedging programs designed to minimizes the chance of loss when investing.
- For entry level work, a bachelor's degree in accounting or a related field is typically required. However, some employers require either a Master of Business Administration (MBA) or a master's degree in finance. Regardless of the level of education graduates must have in-depth knowledge of bond valuation, risk management, and options pricing, according to the U.S. Bureau of Labor Statistics (BLS). Targeted specializations, advanced degrees, and CPA licensure will increase the likelihood of advancement, as will Certified Treasury Professional licensure.
- Median Salary:
- Financial analysts, including treasury analysts, are in high demand. According to the Bureau of Labor Statistics (BLS), employment in the profession is expected to grow much faster than the occupational average, rising 23% by 2020. The need for competent analysis and financial oversight in corporations and other business investments will be more important in the coming years. The top paying states for treasury analysts are: New York, Oregon, Connecticut, District of Columbia, and California.
- Job Outlook:
Projected to grow 23% between 2010 and 2020, according to the BLS.
Treasury analysts are expected to experience faster-than-average job growth among the many prosperous sectors of the financial analyst industry over the next seven years. Projected global corporate expansion in the future will require qualified treasury analysts to help international companies practice sensible budgetary forecasting. In fact, as more and more new foreign markets are cropping up, treasury analyst experts may be needed to help ease those entities that are new to investing into world commerce. As part of the workforce of financial analysts, most treasury analysts work in 'other financial investment activities', then in management of companies and enterprises, according to the BLS. Although this field is rife with expansion and job opportunities, increased restrictions on bank investing may lead more treasury analysts to seek employment through private equity firms or hedge funds.
- Continuing Education:
Treasury analysts may elect to pursue certification specific to their specialty area. For example, beyond the general chartered financial analyst (CFA) certification, candidates may obtain the certified treasury professional (CTP) credential, as listed on the Association for Financial Professionals website. Once certified, CTPs must satisfy minimum continuing education requirements every three years to maintain this designation. The AFP also features a list of pre-approved activities and course work suitable for completing continuing education, or 'recertification' of the CTP credential. Through pre-approved work experience, vocational training, and courses including cash treasury management, corporate finance, and accounting, candidates with maximum continuing education credits may have an advantage in applying for a job in the financial industry.