Along with all of the other areas of accounting that you can choose, another interesting job that you can obtain is financial analysis. Guides cost analysis process by establishing and enforcing policies and procedures; providing trends and forecasts; explaining processes and techniques; recommending actions. Improves financial status by analyzing results; monitoring variances; identifying trends; recommending actions to management. They don’t make all the big decisions, but Financial Analysts play a key role in that process.
It’s one of the most common entry level jobs in finance, so we’ve compiled everything you need to know about being – and becoming – a Financial Analyst right here! In simple terms, you collect and analyze financial information, and then make recommendations to your company, customers or clients based on your analysis. Sell side: These are the sexy” analyst jobs that many students dream of, with investment banks and securities firms. Be sure to highlight these on your resume and point out specific examples in your interview!
Outside of this structure, Financial Analysts may also evaluate organizations’ abilities to repay their debts or be responsible for performing budget and cost analyses. Over the past few years, the number of financial and investment analysts has risen sharply. The increase in the number of financial vehicles and the wide variety of financial information sources explain this state of affairs.
Some Financial Analysts choose to complete MBAs, and obtain a variety of accounting- and finance-related certifications and designations , such as the Chartered Financial Analyst (CFA), Chartered Investment Manager (CIM), Certified Management Accountant (CMA) or Certified General Accountant (CGA) designations. Personal financial advisors determine the financial needs for individual investors.
Given that these trends are expected to abate a little, it is expected that the number of financial and investment analysts will rise sharply over the coming years, but at a slower rate than they did in the past. Opportunities will open up mainly through employment increase, but also because of the need to replace retiring financial and investment analysts. Some positions will also become available as analysts are promoted to securities manager positions.