With the passage of time many societies have grown and passed through evolution. The ability to analyse financial data and make informed business recommendations based on your findings is the key to becoming a great financial analyst. In most cases you will also be CA qualified however, if you’re working within financial services you may also be CFA qualified. Process improvement focus – you will be able to use your analysis to identify key areas of cost saving and/or areas where performance can be improved across the business. Financial analysts provide guidance to businesses and individuals making investment decisions.
Commercially aware – you need to be confident in the recommendations you make based on your analysis and how these recommendations impact the rest of the business. Proven financial analysts have good career opportunities and can progress to become business analysts, finance managers or commercial managers. Financial analysts work an in office and help companies with any investments or investment related work. Financial analysts need to have a bachelor’s degree of higher degrees for advanced positions.
A higher position you could work towards as an financial analyst is a Certified Financial Analyst (CFA). Financial analysts evaluate a company’s financial performance and provide potential investors with this information. They are also known as securities or investment analysts and provide investment recommendations to insurance companies, mutual and pension funds, investment banks, business media, and securities firms. Buy side analysts work for companies with a lot of money to invest known as institutional investors.
Financial analysts usually specialize in a specific financial product, geographic region, or industry. Rating analysts determine whether companies and governments issuing bonds will be able to pay these debts. Using spreadsheets and statistical software, financial analysts develop forecasts and locate trends. Personal financial advisors work with a multitude of clients and often have to recruit their own clients, spending a lot of their time marketing. One of the most important elements of a financial advisor’s job is building a clientele.
After finding a new client, personal financial advisors begin with a consultation, where an advisor determines a client’s investment goals. Personal financial advisors usually meet annually with clients to update them on new investment opportunities and alter investment strategies to accommodate life changes such as retirement. Financial analysts and personal financial advisors generally work in office buildings or their personal residences.