Technical Analyst Job Description: Top Duties and Qualifications

A Technical Analyst, or Market Technician, is responsible for analyzing the stock market and investment opportunities for the company they work for. Their duties include analyzing the stock market, creating potential investment forecasts and advising company leadership on investment opportunities.

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What does a Technical Analyst do?

Technical Analysts are typically employed by businesses who use the stock market and similar investment opportunities as a vehicle for capital growth. Technical Analysts use their skills to help business leaders make informed, data-based decisions on how to invest the company’s money for maximum growth or protection. Most Technical Analysts spend the majority of their time looking at market indicators to help them create reports and presentations for their companies.

Technical Analyst duties and responsibilities

A Technical Analyst has several duties and responsibilities in an organization. The responsibilities relate to being a communicator of technical knowledge. A technical analyst is someone who knows how to research and interview diverse people for information. Technical Analysts:

  • Do research such as interviewing people about business requirements and create specifications for projects
  • Analyze and organize the gathered information to understand and implement project requirements
  • Work on employee engagement during projects by going between management and employees
  • Facilitate a consistent and organized flow of information during projects

What does a Technical Analyst do?

Technical Analysts can work for marketing agencies or as part of an in-house marketing department to implement a company’s brand strategy. They assess marketing objectives and do research to determine the most advantageous methods for using media platforms to promote those objectives. Technical Analysts run tests to determine which advertising methods are most effective and share analytic and creative feedback to refine advertising content. They align advertisement information with their target audience’s media habits. They collect data measuring key performance indicators for the success of advertising methods and adjust their media strategies to promote a more effective brand message.

Technical Analyst skills and qualifications

Technical Analysts are communicators, but they also need to be competent in technology and related areas. Their skills are those founded in the sciences and math. Technical Analyst skills include:

  • Communicating: Technical analysts interact with management, clients, and developers. It’s important for technical analysts to be communicators with different groups. Negotiating skills between various stakeholders is an essential skill.
  • Understanding of technical specifications: Technical analysts know technical language, and how to communicate this to varying levels of technical understanding.

Technical Analyst salary expectations

The average salary for a Technical Analyst in the United States is $79,925 per year. This is the average, but compensation varies depending on bonus packages. The salary estimates are based on salaries submitted anonymously to Indeed by Technical Analyst employees, users, as well as being collected from job advertisements on Indeed.

Technical Analyst education and training requirements

A Technical Analyst involves specialized education. A bachelor’s degree with an information technology focus can help prepare you for your career. Computer science degree programs with coursework in computer programming, computer architecture and database management are useful to someone wanting to be a Technical Analyst. Computer programming courses in Java, C#, C++ and SQL are valuable skills. A background in technical writing is useful as a technical analyst because you will need to communicate with others who may not be proficient with computer skills. Further certification is important for those who want to move forward in their careers.

Technical Analyst experience requirements

Technical Analysts should have a range of experience with different institutions such as financial, investment, healthcare or insurance companies. Starting out, Technical Analysts may have roles with application or software development, database maintenance and design. A Technical Analyst may supervise or lead team projects to project completion.

   

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Frequently asked questions about Technical Analysts

What makes a good Technical Analyst?

Technical Analysts must have specific education, training and skills to perform their jobs well. The best Technical Analysts tend to share certain qualities and attributes that make them exceptionally good at their jobs, like communication, analysis and technical skills.

Since one of the primary tasks for a Technical Analyst is to provide guidance to company leadership on investment options, communication is a vital skill. Knowing how to appropriately analyze stock market data and make conclusions based on that information is another key ability for Technical Analysts. Finally, it’s necessary for great Technical Analysts to know how to use certain computer programs and software to understand the stock market and forecast potential investments.

What's the difference between a Technical Analyst and a Stock Broker?

Technical Analysts and Stock Brokers both work with financial markets and investments, but their methods and objectives are quite different. In most cases, Technical Analysts work for large corporations who invest some of their capital in the stock market to help increase their holdings. Technical Analysts perform research and provide advice to the company’s leadership on investment opportunities. Stock Brokers, by contrast, help individuals and companies actually purchase stocks or other related assets, like mutual funds and index funds. They usually have a multitude of clients rather than working for a single company or individual.

What are the daily duties of a Technical Analyst?

Technical Analysts spend the majority of their time from day to day analyzing the stock market. They may look at the market as a whole, foreign markets or specific stocks or funds their company is particularly interested in. Besides research and analysis, other common daily duties for Technical Analysts include creating reports and presentations to give to company leadership and holding meetings with the company’s leaders to advise them on current investment forecasts and other potentially lucrative investment opportunities.

What should you look for in a Technical Analyst's resume?

When reviewing potential Technical Analyst’s resumes, be sure to look for a few key skills, education and accomplishments to ensure they’re the right fit for the position. Ideally, their resume should list past work experiences, quantification of the capital they’ve managed or advised on and any applicable certifications or licenses. Many Technical Analysts choose to earn certain certificates to deepen their knowledge of specific niche areas of the stock market and investing.

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