As a financial Analyst you will be playing a significant role in a highly data-driven industry, by providing decision-makers with the financial information they need to manage assets successfully and increase revenue.
Financial analysts analyse and interpret financial statements, market trends, past transactions and microeconomic conditions in order to offer recommendations on potential business deals and decisions. They also make assessments of the performance of stocks, bonds, and other types of investments. They aggregate and interpret a large amount of complex financial data and create financial models that can predict the outcome of certain business decisions.
Students who wish to pursue a career in financial analysis can take up any stream at plus two level, but taking Commerce or Science would give you an edge in handling numerical data, statistics and analytics in the future.
Having a graduate degree is essential to pursue higher studies in financial analysis. Bachelor’s degree in Economics, Commerce or Finance related subjects would be of advantage.
Take the CFA program of 4 years either after completing or during the final year of bachelor’s degree. This is offered in a self study format and is divided into three levels of exams, after clearing all the levels you will get the certification from CFA institute.
These are 2 years programmes which may include integration with Industry to provide real life experience.
Requirements for admission into a PG course in one of the top institutions to help you get an overall picture
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A good financial analyst must possess analytical thinking skills . They look at a situation critically, accurately understand how it works, interpret the implication and then respond wisely.
Financial analysts need to communicate clearly to give financial advice as well as inspire trust and develop a strong rapport with the clients. They must have integrity and good judgment to gain clients’ trust.
Accounting skills are highly important for financial analysts as they are required to handle recording of accounting transactions. They need to be comfortable reading and discussing financial statements and have a strong understanding of applicable accounting regulations.
Financial analysts need to use their excellent technological skills to find, sort, and process the information in order to make their work much easier and faster . They need to update themselves on available tools which continue to change and evolve.
Financial analysts are mostly expected to work with a team. Many times they will mentor junior analysts and create a collaborative culture that will create successful companies.