How To Write a Cover Letter for a Financial Analyst

By Indeed Editorial Team

Published September 7, 2021

The Indeed Editorial Team comprises a diverse and talented team of writers, researchers and subject matter experts equipped with Indeed's data and insights to deliver useful tips to help guide your career journey.

A cover letter is an important part of your job application documents. For financial analysts, it can show employers how you've helped businesses make successful investment decisions. If you're interested in applying for financial analyst roles, learning ways to format and create an impressive cover letter may help you in your job search. In this article, we explore how to write a cover letter for a financial analyst and provide a template and example to help you structure your own.

What is a cover letter for a financial analyst?

A cover letter for a financial analyst is a document that explains why a candidate is qualified for a financial analyst position. Hiring managers often read cover letters to determine if they want to invite a candidate for a job interview. It also serves as a writing sample, where you show the employer you can articulate your thoughts effectively in writing, and provides a way to elaborate on details from your resume. The cover letter is one of the first documents recruiters read from you, helping them form an impression about you as a professional and potential employee.

Read more: What Is a Cover Letter? (With Tips, Template, and Example)

How to write a cover letter for a financial analyst

Follow these steps to learn how to write a cover letter for a financial analyst:

1. Brainstorm your content

The first step in creating an effective cover letter is to strategize how to describe yourself as a prospective employee. Consider the characteristics that distinguish you from other candidates and make you the best professional for the job. Brainstorming your content in advance can make the writing process easier. With your details in mind, determine how to communicate your credentials to impress the reader. Here are questions you can ask yourself while brainstorming:

  • Why do I want to be a financial analyst?

  • What work experience do I have in the finance industry?

  • What part of my educational background makes me qualified to be a financial analyst?

  • What soft and technical skills do I have that can make me a competent employee?

  • What academic or professional achievements have I made that relate to being a financial analyst?

2. Format the header

The header appears at the top left side of the document. It includes your personal details to show the employer who sent the letter. In the first line of the header, write your first and last name. In the second line, write your mailing address. Write your phone number in the third line and your email address in the fourth line. It might be helpful to include a phone number and email address that you use frequently to help the recruiter contact you once you apply for the job.

Read more: How To Address a Cover Letter (With Examples)

3. Address the hiring manager

Acknowledging the hiring manager by name can make your cover letter more personal and show you've taken the time to customize your content to the specific job and employer. To find the identity of the recruiter, consult the job description or the organization's website. Some companies may assign the hiring process to the direct supervisor of the vacant position. Before writing the name of the person you're addressing, include an opening salutation, such as "dear."

4. Introduce yourself

Dedicate the first paragraph of your cover letter to an introduction of who you are as a candidate. You can state the name of the position you're applying for so the recruiter can clearly understand your aspirations. Another good practice is to mention the circumstances that led you to apply and the skills that make you ideal for the role.

For example, you can describe how you want to expand your industry knowledge by working for a global corporation or how you believe your 10 years of experience in the field illustrates your qualifications. Use the opening statements to transition into the rest of the content in your cover letter.

Read more: 8 Powerful Ways To Start a Cover Letter (With Examples)

5. Discuss your credentials

In the second and third paragraphs, describe your employable traits. Reference your work experience that applies to being a financial analyst and describe how you can fulfil the responsibilities of the position. Consider including the university you attended and the degree you earned. Your education can show you've studied a relevant discipline and performed well academically to receive your diploma. Plus, employers may prefer candidates with a particular educational background, so referencing your degree may impress them.

The middle paragraphs also list your skills. Examples of technical skills for financial analysts include research, data analysis, and mathematics. Important soft skills might be leadership, interpersonal communication, and analytical thinking. If your work had a positive impact on a previous employer, then you can list professional achievements as well. You can also write the names of professional certifications you've earned and how they can enhance your ability to perform well in your desired job.

6. Encourage further contact

The last paragraph of your cover letter contains a call to action, which is one or two sentences that encourage the recruiter to contact you after reading your qualifications. You can also reinforce your enthusiasm for applying for the position and thank the reader for their time. It might also be helpful to invite them to contact you if they have questions about your job application.

7. Sign your name

Conclude your cover letter by writing at closing salutation at the bottom of the document. Examples include "sincerely," "regards," and "best regards." Underneath the salutation, attach your signature. Then, print your first and last name.

Tips for writing a cover letter for a financial analyst

For more guidance on formatting a cover letter for financial analyst jobs, consider the following tips:

  • Use the job description as a guide. The job description can tell you exactly what the employer is seeking in a job candidate. Read the preferred qualifications to help you customize your cover letter to the specific financial analyst role.

  • Be as specific as possible. It is important that your cover letter describes your credentials effectively. Contemplate using numbers and proper names to demonstrate your professional achievements.

  • Keep your content concise. Limit your cover letter to one page. If you have too much content, prioritize the details that relate directly to your desired position.

  • Read your words out loud. Reading your words out loud can help you catch grammatical and spelling errors you may have overlooked. Evaluate your sentence structures and word choice to make sure your content flows well.

  • Ask a friend or family member to review your work. Having someone read your cover letter is another helpful proofreading practice. Ask for a second opinion on your explanations of work experience and skills.

Read more: 12 Tips for Crafting a Great Cover Letter

Financial analyst cover letter template

Use the following template to help you format and write your financial analyst cover letter:

[First and last name]
[Mailing address]
[Phone number]
[Email address]

[Opening salutation],

[Use the first paragraph to name the position you're applying for. In one or two sentences, summarize your qualifications to demonstrate why the employer may hire you as a financial analyst.]

[Use the second paragraph to provide more details about your credentials. Mention the degrees and certifications you've earned and goals you've accomplished in the workplace. You can also continue to a third paragraph, if necessary.]

[Use the last paragraph to thank the hiring manager for reading your cover letter. State that you're looking forward to hearing back from them and learning more about the position. Explain your willingness to clarify your work availability or credentials if the reader has questions.]

[Closing salutation],
[Your signature]
[Your printed first and last name]

Financial analyst cover letter example

Here's an example of a financial analyst cover letter you can use to guide you:

Tony Tremblay
3381 Cork Street
Guelph, Ontario N1H 2W8

Dear Mr. Smith,

I am sincerely interested in the financial analyst position at Findlay Technology Corporation. I have been following the success of your organization for several years, which informed me of the opening, and I'm thankful for the opportunity to apply. With 12 years of experience working closely with global corporations in the technology sector, I believe I have the industry expertise and technical skill set for the role.

My master's degree in finance from Oak Pine University taught me the value of thorough research and analysis. I understand how to manage time effectively and examine all aspects of a file, including market trends, stocks, and bonds, before making a recommendation. I also have competent interpersonal skills, enabling me to communicate financial advice effectively and prioritize the interests and goals of the business. While working at a technology startup called Lyndon Technologies, my suggestions for investments increased company profits by 25% in its first fiscal year.

The prospect of working at your organization is exciting, and I look forward to hearing from you to discuss more about how my expertise aligns with the financial analyst role. Please contact me by phone or email with any inquiries. Thank you for your time and consideration.

Best regards,
Tony Tremblay

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