Financial Analyst Jobs, Job Description, And Salaries (2)

Financial AnalystsBuy!” cries a man wearing a button-down shirt with sweat staining it a darker blue in certain areas. Financial analysts are also employed by rating agencies to assign rating for a firm or governments bonds. Mutual funds, banks and firms such as Lipper Analytical Services and Standard and Poor’s and other financial firms hire financial analysts, including specialized financial analysts for different countries, often requiring language skills and knowledge for different global regions.

An MBA is often required, and many firms require a Chartered Financial Analyst designation (CFA) for advancement. A bachelor’s degree in finance, business administration, or accounting is considered highly desirable for financial analysts. Knowledge of accounting policies and procedures, corporate budgeting, and financial analysis methods also is recommended. Even in jurisdictions where it is not mandated by law, passing the exam to become a Certified Financial Planner (CFP) is highly advisable.

Duties and Responsibilities: A Financial Planner helps clients create personal budgets, control expenditures, set goals for saving and implement strategies for accumulating wealth. He or she may have working relationships with Financial Advisors, Investment Managers and/or Mutual Fund Companies, utilizing these specialists for the actual investment of their clients’ funds. The job requires keeping current about developments in financial products, tax laws and strategies for personal financial management, particularly with respect to retirement plans and estates. What’s to Like: Depending on the firm, a Financial Planner may enjoy a high degree of professional autonomy.Financial Analysts

Success also requires sales ability, both in the acquisition of new clients and in the development of new ideas to improve the financial situation of existing clients. To accommodate their clients’ schedules, Financial Planners frequently must be available for meetings and telephone consultations in the evenings and on weekends. The act also gives the Fed an expanded supervisory role and new authorities to help ensure the safety and soundness of financial market utilities.

What’s Not to Like: Financially unsophisticated clients often require much handholding from a Financial Planner, and may be quick to criticize recommendations that did not produce results as they expected. Many financial analysts are needed to help us accomplish important new objectives, along with the Federal Reserve’s other critical supervisory programs.

Financial Analysts