Each day, countless bits and bytes of financial information are gathered, monitored and crunched to keep markets – and companies – in the green.
While computers do a lot of the work for us, at some point human beings have to check out the data and make decisions based on what it says.
They don’t make all the big decisions, but Financial Analysts play a key role in that process. It’s one of the most common entry level jobs in finance, so we’ve compiled everything you need to know about being – and becoming – a Financial Analyst right here!
Well, the job title itself is actually pretty
However, there are many different types of Financial Analysts, such as Securities Analysts, Investment Analysts or
Most commonly, Financial Analysts are broken up into two distinct groups: those who work on the “buy side” and those who work on the “sell side.”
Buy side: Analysts on the buy side work for organizations that have money to invest (also known as institutional investors). Institutional investors can be funds, insurance companies, hospitals,
Outside of this structure, Financial Analysts may also evaluate organizations’ abilities to repay their debts or be responsible for performing budget and cost analyses.
Typically, an undergraduate degree in accounting, business administration, economics, finance, management or statistics is required for
Some Financial Analysts choose to complete MBAs, and obtain a variety of accounting- and finance-related certifications and designations, such as the Chartered Financial Analyst (CFA), Chartered Investment Manager (CIM), Certified Management Accountant (CMA) or Certified General Accountant (CGA) designations.
These roles require candidates who are
General computer proficiency (typing skills, Internet literacy, ability to use Microsoft programs) is essential. Beyond that, the ability to navigate various finance-related software programs will make you a much stronger candidate. Find out what software a company uses before interviewing with them and know a little bit about how it works.
Whether you want to work as a Financial Analyst on the buy side or the sell side – or somewhere else altogether – getting a job is going to be competitive. There are, however, a few ways you can stand out:
For more, visit: http://talentegg.ca/incubator/2012/10/04/financial-analyst/