- Environment Primarily indoor/office work
- Education Post-secondary degree
- Average salary $68,000 to $118,000
Career profile
Market analysts navigate the complex business world of the energy industry. They are responsible for deciphering market, financial, and investment data along with regulatory, business and political factors to steer organizations towards success. They play a pivotal role in understanding consumer behaviors, industry trends, and competitive landscapes. Through comprehensive data collection and rigorous analysis, market analysts provide invaluable insights that guide companies’ decision-making and strategic planning. They interpret quantitative and qualitative data and have the ability to transform it into actionable recommendations that drive growth and profitability. Their expertise helps organizations adapt, thrive, and remain competitive.
Market analysts usually have a background in commerce, finance or business administration and use their expertise to develop and synthesize highly analytical data to provide insight into the markets where their companies operate.
In this occupation activities may include:
- Evaluating financial risks, preparing financial forecasts, financing scenarios and other documents concerning capital management, and writing reports and recommendations.
- Reviewing third-part energy market information and analysis to develop strategic and tactical recommendations for business leaders’ consideration.
- Conferring with other managers to identify trends or key group interests or concerns or to provide advice on business decisions.
- Developing and maintaining various information databases to house market intelligence and reporting
- Maintaining lists of business sensitive information across the industry including well counts, drilling activity, consumption forecasts, storage level and product inventories.
- Collaborating with others in a company including traders, investor relations professionals, finance professionals to convert market intelligence into actionable opportunities.
Education
- A bachelor’s degree in commerce, business administration or economics and on-the-job training and industry courses and programs are usually required.
Certifications
- The Chartered Financial Analyst (CFA) designation, available through a program conducted by the Institute of Chartered Financial Analysts in the United States, may be required by some employers.
- Minimal or no travel
- Primarily indoor/office work
- Work not physically demanding
- Administration
- Clerical
- Communications and Media
- Economics and Accounting
- Information and Document Management
- Cyber/Data Security
- Laws and Regulations
- Mathematics
- Understanding Risk
- Sales and Marketing
- Cost Benefit Analysis
- Data Entry
- Managing Finances
- Coordination
- Complex Problem Solving
- Attention to Detail
- Collaborative
- Leading / Living The Vision And Values
- Stress Tolerance
