What Does It Mean To Be a Financial Analyst? - GAFA
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What Does It Mean To Be a Financial Analyst?

24 March 2018

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. If you’re looking for a career in finance that crosses between all disciplines – math, accountancy, economics etc – and which gives you scope for high earnings plus real kudos, then you might want to consider being a Financial Analyst. Financial Analysts are fortune tellers, if you think about it. Financial analysts guide people and businesses in making investments. Whether it’s through the stock market, bonds, or other investments, financial analysts are money wizards. They analyze the information they get from the stock market, investment portfolio prospects, company annual reports and conjure up plans for investing or not investing. Financial analysts meet with companies’ leaders and individuals, write reports and work with a wide range of people and financial institutions. What are the education requirements? Financial analysts must have at least a bachelor’s degree in a field like accounting, finance, economics, business or something similar. You need to have Indian Regulatory Certifications to operate in the financial markets. Some jobs and employers will want applicants to have a master’s in business administration (MBA) or a master’s degree. In addition, you will need to know about stocks, bonds, and the financial world. Job Skills and Requirements:

  • Analytic Skills: You must be able to digest a lot of different information, from various resources, and make decisions that will result in profits for your clients.
  • Communication Skills: You must be able to listen to your clients to understand what they want, and communicate with your clients to explain your recommendations.
  • Attention to Detail: When reviewing investment opportunities, small details can have big effects. You need to be able to pay attention.
  • Math Skills: You will be making complex financial calculations and estimating value.
  • Technical Skills: Many financial analysts use special financial software and work with computers every day.

    Is it for you? The financial analyst is a rare breed and puts you in a niche that often leads to other career opportunities. Becoming an analyst can be challenging and you’ll need to be ultra-competitive, but as you might expect the rewards are high. You’ll be continually open to news and information in the form of articles, broadcasts, snippets and press releases. You’ll be good with spreadsheets, stats and reports. You’ll nearly always be making recommendations to clients or senior management and complying with all legal and protocol requirements. If you prove to have the golden touch, are good at networking and making correct recommendations you’ll be feted by your industry and probably invited onto the boards of banks, investment houses, hedge funds and any other number of richly rewarded, high profile financial institutions – the world really will be your oyster. What’s in it for me? Glassdoor estimates that the average salary of a financial analyst in the UK is £38,000 (£40,000 per year in London), and more senior roles can be worth up to £55,000. However, these are only averages: some professionals earn much more. You may also be able to travel and see different cities, as you will need to be working with lots of different teams – particularly in the larger companies, which can also offer you the opportunity to work abroad. Now you know what it means to be a Financial Analyst! Pursue your dreams with GAFA – a power packed course in Finance designed by NSE and EIDOS. Sign up today on www.gafaglobal.com

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