The job of a financial analyst is one of the most coveted in the world of finance. Read the following article to know more.
The job of a financial analyst is probably the most sought-after in the world of finance; and the aspect that sets financial analysts apart from others is their genius at mathematical aptitude. Also their disposition to take certification exams, and earn degrees even while spending long hours in office is highly commendable.
In a competitive industry as that of Finance, it is somewhat difficult to make a mark easily. One has to start off may be as a junior Financial Analyst (FA) in a firm. However, with some amount of practical experience and proper preparations, one can carve out a niche for himself or herself in the industry.
Those who love jobs that are not only challenging but also intellectually stimulating, the job of a financial analyst is best suited for them. It can be truly satisfying for them. Apart from bringing professional rewards, the job of a financial analyst also comes with a good salary package.
Intensive research work surrounding microeconomics and macroeconomics along with company fundamentals forms an essential part of an FA’s job. As a financial analyst, you may have to work according to the company’s recommendations. For example, sometime you need to sell a particular stock of the company; and it goes without saying that as a FA you are expected to be well versed with the happenings in the world of finance.
If you want to pursue a career as a financial analyst, it is best advisable that you start early. Study, study and more study is the only way out as there is no short cut to success. Those have completed their high school with Commerce, may have an upper edge; though it is not mandatory. However, earning a Bachelor’s degree in subjects like Accountancy, Economics, Statistics or Commerce is of significance. It will make things a little easier for candidates who aspiring to become Financial Analysts. However, whichever stream a candidate belongs to, a mathematical aptitude is very much essential in order to succeed in this field.
It is advisable that as an FA aspirant, you try and develop an interest in the field of finance. Read business newspapers, and journals and periodicals related to finance such as Wall Street Journal and International Business Times. Gradually you will get an idea how capital markets work and how business deals get signed.
Successful financial analysts are found to be extremely dexterous with numbers. Some of them even turn out to be successful managers. However, they also need to work on certain skills like public speaking abilities and professional demeanour.
Potential employers of financial analysts happen to be banks, mutual funds investment companies, and insurance companies. While in the industry, Fas tend to work for either the sell-side of a company or the buy side of it.
A demanding career, the job of a FA requires a lot of preparation, hard work and dedication. The profession of a FA is not only monetarily rewarding but also immensely satisfying for those who have a knack for finance.
The author is a professional writer who has written for a plethora of job related websites. She writes about the latest job industry trends and offers solution to all career related queries and dilemmas.