The initial salary package for freshers in banking sector varies from Rs 8,000 to Rs 20,000 in different cities in India. The research that they do (along with the information bought from sell-side analysts) is used to inform the managers of these funds whether to buy, sell, or trade. Buy-side Analyst (the short version): researches investment options (including gathering information from sell-side analysts) to inform money managers how to invest their clients’ money. The truth is, as a junior financial analyst, your duties are basically going to be the same no matter where you start out. You’ll read financial statements while analyzing market trends including sales, costs, expenses, and tax rates.
As a financial analyst, you’ll play a key role in determining a company’s current value and projecting its future earnings. As a financial analyst, plan to take a lot of business classes, especially economics and accounting. Popular majors for financial analysts are computer science, math, business, accounting, and engineering. Most financial analysts will go on and get there MBA, which positions them for a job as a senior analyst. The Financial Industry Regulatory Authority (FINRA) is the largest independent regulator for all securities firms doing business in the United States.
FINRA provides qualification examinations for brokerage firms, financial branch offices, and registered securities representatives. To strengthen your career as a financial analyst, you may want to take the Series 7, Series 63, and Series 65 & 66 FINRA exams. Another program to consider is the Chartered Financial Analyst (CFA) designation. Junior financial analysts usually require 2 years or less experience, while senior financial analysts require 3-5 years financial planning and analysis experience.
The course offers a wide financial curriculum on economics, financial reporting and analysis, corporate finance, equity investment, fixed income, derivatives, alternative investments, portfolio management and wealth planning. As a financial analyst, you’ll be called upon to use a variety of skills in the course of your work. In addition to your financial and research skills, technology plays a vital role in your job.
You’ll use programs like Microsoft Office to create spreadsheets, as well as other statistical software to analyze financial data, spot trends, and develop forecasts. The most prominent organizations for financial analysts is CFA Institute who offers a graduate-level curriculum that provides a strong foundation of the real-world investment analysis, portfolio management skills, and practical knowledge needed to succeed as a financial analyst. According to the Bureau of Labor Statistics Occupational Outlook Handbook, median annual wages, excluding bonuses, of financial analysts were $73,150 in May 2008.