Financial Analyst Jobs in Tucson, AZ
Tucson's biggest source of financial-analyst jobs is defense. Raytheon (RTX), the city's largest private employer, runs extensive financial planning and analysis, cost-estimating, and program-finance teams to manage its government contracts - work that keeps a steady pipeline of analyst roles open. Beyond Raytheon, Tucson Electric Power and parent UNS Energy, Caterpillar's mining division, the University of Arizona, and the local health systems all employ analysts to build budgets, forecast, and support decisions, giving finance graduates more corporate options than the city's small banking sector alone would offer.
Current Financial Analyst Openings in Tucson, AZ
Listings marked External are sponsored openings provided by the Jobs2Careers network.
Top Tucson Employers Hiring Financial Analysts
Analyst roles concentrate at large employers with big budgets and government contracts, plus utilities and the University.
- Raytheon (RTX) - Tucson's largest private employer, with deep FP&A, cost, and program-finance teams supporting defense contracts.
- Tucson Electric Power / UNS Energy - a local utility with budgeting, rate, and financial-planning analysts.
- Caterpillar - its Tucson mining operation supports cost and financial analysis.
- University of Arizona - a major public employer with budget and grant-finance analyst roles.
- Banner University Medical Center and TMC Health - hospital systems with healthcare-finance analysts.
- Vantage West Credit Union - a Tucson-headquartered credit union with corporate finance roles.
Financial Analyst Salaries in Tucson
- Entry level (junior/associate financial analyst): roughly $55,000 - $68,000
- Experienced (financial analyst): roughly $68,000 - $90,000
- Senior (senior analyst, FP&A manager): roughly $90,000 - $125,000+
These are estimates that vary by employer, industry, and credentials. Defense and utility roles at Raytheon and Tucson Electric Power tend to pay competitively, and credentials like a CFA or an MBA can raise earnings. Large employers usually add health coverage, retirement plans, bonuses, and paid time off.
How to Become a Financial Analyst in Tucson
Financial analyst roles typically require a bachelor's degree in finance, accounting, economics, or a related field. The University of Arizona's Eller College of Management offers finance and business degrees well aligned to these jobs, and the Pima2UA pathway lets students start at Pima Community College and transfer to finish a bachelor's affordably. No state license is required, but strong Excel and financial-modeling skills are essential, and many analysts pursue the Chartered Financial Analyst (CFA) designation or an MBA to advance. For defense roles at Raytheon, U.S. citizenship and the ability to obtain a security clearance are often required.
What the Job Involves
Financial analysts gather and analyze data to build budgets, forecasts, and financial models, then translate the numbers into recommendations for managers. At Raytheon, that can mean tracking program costs against contract budgets; at a utility or hospital, it means rate, capital, or department-level planning. The work is Excel- and systems-heavy, deadline-driven around monthly and quarterly cycles, and rewards people who can turn spreadsheets into clear business insight.
Skills Employers Look For
- Advanced Excel and financial-modeling ability
- Strong analytical and problem-solving skills
- Knowledge of budgeting, forecasting, and financial statements
- Data tools such as SQL, Power BI, or Tableau for many roles
- Clear communication to present findings to non-finance managers
Career Path and Advancement
A common Tucson path runs from associate or junior analyst to financial analyst, then senior analyst, then FP&A or finance manager, and eventually finance director. In the defense sector at Raytheon, analysts can specialize in program finance, cost estimating, or contracts and move up a large internal ladder. Earning a CFA or MBA is the usual accelerator into senior and leadership roles.
Related Careers in Tucson
Financial analysts in Tucson often compare these related career guides:
Frequently Asked Questions
What degree do you need to be a financial analyst in Tucson?
Most roles require a bachelor's degree in finance, accounting, economics, or a related field. The University of Arizona's Eller College is a strong local option, and students can start at Pima Community College and transfer through Pima2UA. No state license is required, though a CFA or MBA helps for advancement.
Do Tucson financial analyst jobs at Raytheon require a security clearance?
Often, yes. Because Raytheon's Tucson work centers on defense contracts, many finance and analyst roles require U.S. citizenship and the ability to obtain a government security clearance. Requirements vary by position, so check each posting, but clearance eligibility is common for defense-sector finance jobs.
Which Tucson employers pay financial analysts the most?
Large employers in defense, utilities, and healthcare tend to lead. Raytheon, Tucson Electric Power, and the major hospital systems offer competitive analyst pay, and senior FP&A and finance-manager roles - especially with a CFA or MBA - reach the top of the local range.
Is a CFA worth it for financial analysts in Tucson?
It can be, particularly for investment- or corporate-finance-focused roles. The Chartered Financial Analyst designation signals advanced expertise and can improve pay and advancement. For many corporate FP&A roles in Tucson, strong modeling skills and an MBA may matter just as much.
Can financial analysts work remotely in Tucson?
Sometimes. Many corporate finance teams offer hybrid schedules, and some analyst roles are remote-friendly. Defense-sector positions at Raytheon are more likely to require on-site work because of security and classified-systems requirements.
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