• Post Graduate Program in Banking and Credit Underwriting
    4.7 out of 5 by 1376 learners
    12 X industry demand
  • Post Graduate Program In Finance And Accounting
    Co-created with Grant Thornton
    4.9 out of 5 by 238 learners
    14 X industry demand
  • Professional Certification in FinTech
    Co-created with SP Jain School of Global Management
    4.6 out of 5 by 1250 learners
    6X industry demand
  • Credit Risk and Underwriting Prodegree
    Co-created with Moody’s Analytics
    4.5 out of 5 by 526 learners
    4X industry demand
  • Banking And Wealth Management Bootcamp
    4.7 out of 5 by 460 learners
    3X industry demand
  • Post Graduate Program In Capital Markets
    4.7 out of 5 by 807 learners
    3X industry demand
  • Certified Investment Banking Operations Professional
    4.8 out of 5 by 7600 learners
    8X industry demand
  • Post Graduate In New Age Banking
    4.6 out of 5 by 1726 learners
    4X industry demand
  • Financial Analysis Prodegree
    Co-created with KPMG
    4.7 out of 5 by 3311 learners
    4X industry demand

2020 is a year of opportunities for a lot many different fields and industries around the world. Although it has been a year of disarray, every difficult situation has always given rise to upliftment in certain industries, and this year is no different. LinkedIn, which is the world’s number 1 job search portal, reported that in 2020, there was a 15% increase in the demand for financial analysts and a 25% increase in demand for data scientists. This data clearly shows that these two industries are booming in their own might and rightly so.

If you are planning for a job in either of these industries, in this article, we will draw a Let’s get started.

The Difference Between a Financial Analyst and a Data Scientist

One of the first and most important aspects to understand in this regard is the difference between both these job roles, so let us quickly take a look at the definitions of each.

Data Scientist

The role of a data scientist can be simply understood as being a professional who is responsible for analyzing, extracting and determining conclusions from the vast amount of data that is being collected by companies on a regular basis. The job role of a data scientist is to understand the data that is present and then determine business decisions, which will be most beneficial for the company both in terms of growth as well as profitability.

Financial Analyst

Now that you understand the role of a data scientist let us understand what a financial analyst does.

A financial analyst can be understood as a professional who analyses the financial information of a company and then takes decisions on the way forward so that the company can either increase their profit or take better decisions on their overall growth. The job of a financial analyst is to consider all the verticals that affect the financial health of a company and then determine if the company is making sound progress, or if it should make better decisions on the way forward.

Requirements for Each Career

One of the most fascinating aspects of both these careers is the fact that neither of them imposes hard and fast rules on the educational qualification you need to obtain to pursue these careers. Unlike other professions such as lawyers and doctors which mandate you to pass either the bar or the medical boards, these professions embrace all standard college degrees and put more emphasis on the skills a professional has.

Depending on the amount of competition each of these job roles have in the geographical location of your choice, the criteria for getting hired and the skills you need to acquire keep changing, and thus it is always a good measure to assess the demands of the employer before you proceed.

Conclusion

If you are looking for a career choice that embraces ambitious professionals like you and offers a lifestyle that is competitive, then both these career choices will be well suited for you. Along with this, both these career options offer high pay and other perks across the board, and thus you can be sure to get properly reimbursed for your job.

The choice between choosing either options comes down to you. If you fancy only financial data, choose to become a financial analyst, or if you want to work with a variety of data sets, choose the other.

Also Read: Difference Between Financial Analyst & Business Analyst

For Online Course Enquiries
About Imarticus
Imarticus Learning is India’s leading professional education institute that offers training in Financial Services, Data Analytics & Technology. We’ve successfully transformed careers of over 35,000+ individuals globally through our Certification, Prodegree, and Post Graduate programs offered in association with leading and renowned global organisations in the Financial Services, Data Analytics & Technology domain.
Related course
  • Post Graduate
    Post Graduate Program in Banking and Credit Underwriting
    Course duration(6)
    Upcoming batches
    1
    Organizations enrolled
    20
    4.7 out of 5 by 1376 learners
    12 X industry demand
    Upcoming Batches
    Date Location Schedule
    Not Available MUMBAI Online
    Date Location Schedule
  • Post Graduate
    Post Graduate Program In Finance And Accounting
    Co-created with Grant Thornton
    Course duration(months)
    4
    Upcoming batches
    1
    Organizations enrolled
    20
    4.9 out of 5 by 238 learners
    14 X industry demand
    Upcoming Batches
    Date Location Schedule
    None DELHI Online
    Date Location Schedule
  • Certification
    Professional Certification in FinTech
    Co-created with SP Jain School of Global Management
    Course duration(Months)
    6
    Upcoming batches
    1
    Organizations enrolled
    20
    4.6 out of 5 by 1250 learners
    6X industry demand
    Upcoming Batches
    Date Location Schedule
    19th September ONLINE Weekend
    Date Location Schedule
  • PRODEGREE
    Credit Risk and Underwriting Prodegree
    Co-created with Moody’s Analytics
    Course duration(Months)
    3
    Upcoming batches
    1
    Organizations enrolled
    20
    4.5 out of 5 by 526 learners
    4X industry demand
    Upcoming Batches
    Date Location Schedule
    30th-May ONLINE Weekend
    Date Location Schedule
  • Certification
    Banking And Wealth Management Bootcamp
    Course duration(Months)
    2-3
    Upcoming batches
    1
    Organizations enrolled
    20
    4.7 out of 5 by 460 learners
    3X industry demand
    Upcoming Batches
    Date Location Schedule
    Not Available ONLINE Weekend
    Date Location Schedule
  • Post Graduation
    Post Graduate Program In Capital Markets
    Course duration(months)
    4
    Upcoming batches
    1
    Organizations enrolled
    20
    4.7 out of 5 by 807 learners
    3X industry demand
    Upcoming Batches
    Date Location Schedule
    Not Available ONLINE Online
    Date Location Schedule
  • Certification
    Certified Investment Banking Operations Professional
    Course duration(Months)
    2-3
    Upcoming batches
    4
    Organizations enrolled
    20
    4.8 out of 5 by 7600 learners
    8X industry demand
    Upcoming Batches
    Date Location Schedule
    26th September THANE Weekday
    12th September PUNE Weekend
    Date Location Schedule
    25th September THANE Weekend
    23rd September CHENNAI Weekday
  • Post Graduation
    Post Graduate In New Age Banking
    Course duration(months)
    4
    Upcoming batches
    1
    Organizations enrolled
    20
    4.6 out of 5 by 1726 learners
    4X industry demand
    Upcoming Batches
    Date Location Schedule
    None ONLINE Online
    Date Location Schedule
  • Prodegree
    Financial Analysis Prodegree
    Co-created with KPMG
    Course duration(Months)
    3
    Upcoming batches
    3
    Organizations enrolled
    20
    4.7 out of 5 by 3311 learners
    4X industry demand
    Upcoming Batches
    Date Location Schedule
    29th August MUMBAI Weekend
    29th August ONLINE Weekend
    Date Location Schedule
    29th August DELHI Weekend