The field of finance has seen rapid growth prospects, both in times of economic boom and turmoil. It is fast becoming a sought after field in India as well. The careers of Investment Banking and Financial Analysis are seen as extremely blue blooded career. The professionals in these respective fields seem to have formed an impenetrable clique around themselves, making the professions seem difficult to get into. Financial Analysis is one such profession which is considered to not be suitable for the faint-hearted. There are a lot of myths around this high profile career, which is why a lot of people shy away from them. Here are 5 of those myths, decoded.
One Needs To Have A Degree In Finance To Become A Financial Analyst
Financial Analysis is a type of analysis and it not necessary to have a prior degree or specialization. Although, if one does have a degree in finance, it becomes useful to apply it in the various other aspects of the field. As financial analysts are supposed to study the current fiscal situations and state of the market, there are only a handful of technical terms and aspects that can be understood in spite of not having a degree in Finance.
You Have to Have Prior Connections to Get Into This Field.
While it is always better to know people in places, it clearly does not mean you cannot make connections after getting the job. While knowing other financial analysts is a bonus, it is very easy to make associations when you are focused and hard working.
Math is The Most Required Thing Here
Although it is true, that financial analysis is a game of numbers and one can infer the trends in the financial market by studying the same; this does not mean that one needs to belong from a math background. All a financial analyst needs is, to have a basic working knowledge of math and great analyzing skills.
There Is A Sea Of Technical Jargon To Wade Through
It is an undisputable fact that there are a lot of technical terms to deal with when it comes to Financial Analysis; but it also true that anyone from a non finance background can master them too. Anyone can understand the inner workings of financial analysis through logic and common sense.
Short Term Courses Don’t Cut It.
Lately, there has been a rise in the number of institutes offering professional courses in the field of finance. These courses cover topics like financial modeling, wealth management, financial analysis, investment banking and many more. Although it may seem that these courses are unable to teach all that there is in financial analysis, the opposite of it is true. A lot of these courses offer programs which meet the industry standards. Some of them also have training offered by experts in the field of finance as well as internships and job placements.
Imarticus Learning is a leading education institute, which offers short term courses in both online and classroom formats in the field of financial analysis
Also Read: Benefits of Being Financial Analyst