If you enjoy financial topics and have a numbers oriented head you might want to make a career in financial analysis. The FA professional tracks the capital market’s stocks, equities, bonds, and such financial instruments to make investment recommendations based on their research and analysis. Look for them in banks, stock brokerages, investment houses, insurance agencies, and other financial institutions. To make a lucrative career in the financial industry you must prioritize education and leverage your Financial Analyst Course.
Doing your course at the reputed Imarticus Learning ensures you get soft-skill training, assured placements and personality development along with the best and comprehensive syllabus for FAs. Learning to be the high-risk-taking highly rewarded FA is the first step in creating that future. Although your routes may vary what the potential employers look for helps you land those jobs. So, let us explore the Financial Analyst Course and career as an FA.
All about the Financial Analyst career:
Let us explore some areas of the FAs career and what to expect from it.
A job description for the financial analyst varies depending on the employers vertical. Investment banks and insurance companies have different needs.
You could also consider in-house private funds. Hence, the selling/buying advice is always oriented to the employer’s gains and the products. The FA could also make public recommendations when working for business and publications specializing in these.
The recommendations and observations may pertain to a company's solvency or profitability. The FAs analysis helps the enterprise make critical decisions regarding budgeting, merchandising, resource allocations and forecasting.
A list of activities for the analyst responsibilities include
• Reading and researching major publications.
• Tracking the micro and macro-economy.
• Preparing sell and buy sided investment recommendations.
• Interacting with management and executive teams to discuss financial and investment strategies.
• Facilitate trading to generate profits.
• Get third-party information on the future and health of investment instruments.
• Execute third-party or employer trades.
• Strategize using effective and creative approaches to buy-sell deals.
• Work on certifications for specific expertise on investments in particular sectors of the industry.
Financial analysts bear the onus of the enterprise’s financial performance. It is a high-risk, high-reward, high-stress environment. The requirements of rapid decision making, confidence and communicative skills can never be undermined. They are client facing and may have to travel a bit to meet clients.
According to the Bureau of Labor Statistics, one-third of the FAs work over 40-50 hours a week. Most take their work home and have comprised social lives.
A minimum of a bachelor's degree with finance majors and knowledge of subjects like statistics, accounting, and economics is recommended. An MBA adds depth. Certification from the CFA- Chartered Financial Analyst Institute is a must. Those in the securities practice need licensing through the Series-63 and 7 exams.
Most FAs start working on completion of their Financial Analyst Course. According to reports from Bloomberg, 16% of the MDs had MBA degrees and 7% CFA certification. Experience will help you climb the ladder of success and deciding on the honing of your skills through additional courses and certifications. Career Builder research shows 25% of the FAs had 6-10 years experience and only 8% are in the 0-2 years of experience. The demand for FAs is thus very high.
The FAs skills include a range of skills like
• Financial modelling
• Financial analysis
• Data analysis
• Marketing skills
• ERP systems
• Strategic thinking
• Math skills:
• Attention to detail
The BLS reports claim that in May 2015 FAs earn an average of USD 80,310. Those in commodities, securities etc have average wages of USD 94,450 and those in insurance have an average of USD74,500 as a monthly take-home. The commissions of fund managers depend on their market deals value. The highest reported salary in 2015 was USD160,000 and the lowest USD 50,000 pa.
The BLS reports predict the career of financial analysts will grow by 12% between the years 2014-24. This is a high demand market for FAs. Now is the time to enrol in the Financial Analyst Course at Imarticus Learning and be on your way to becoming a highly sought after financial analyst. Why wait?
We offer financial analyst courses at our centers in Mumbai, Thane, Pune, Ahmedabad, Delhi.
Also Read: What is Financial Analyst Course