Do you like to play with numbers? Is it simple to do tax statement analysis? Then you should know how to become a financial analyst. This job is the right fit for a candidate who is good at accounting and finance. 

Today, I’m going to tell you how to be a financial analyst. What your educational requirements are and how to land on a lucrative career. Let’s get started. 

What does a Financial Analyst Do?

A financial analyst has to work with bonds, equities, stocks, and other financial instruments. It is a professional whose job is to track all financial instruments and statements, thoroughly conduct research, gather all data, and then perform analysis. In the end, he has to come up with a business decision that helps an organization remain unbeaten in the dynamic world.

• A financial analyst could become a buy-side analyst. In that specific job, he will unlock the best investment opportunities for an organization and let them prosper with profitable deals. He will make it clear where to invest and why to invest. This kind of analyst works for insurance companies, hedge funds, investment banks, etc. 

• Another Financial analyst is Sell-Side Analyst; the role of this professional is to make selling decisions. He works as a sales agent or financial consultant for others to help them sell stocks, bonds, and other investments.  

• A financial analyst customarily required in the investment industry where his job is either to make a good investment after looking at financial aspects or to initiate the sale when market signals are in the favor.

•  Outside an investment industry, a financial analyst helps the business in terms of budgeting, merchandising, and forecasting. He correctly checks and evaluates every single financial document and statement of a company and then decides what should be the next financial move.

What are the Roles and Responsibilities of a Financial Analyst?

The roles of a Financial analyst varies based on industry. An analyst handling stock in an investment bank has to deal with a different job description than a professional who is managing an insurance company funds and stocks.

Here are some typical roles and responsibilities handled by this professional:

• Keeping an eye on the latest financial market trends and try to make the most for them

• Gathering information about the latest economic climate, tapping on various aspects of macro- and micro-economy

• Making Financial buying and selling decision for a company

• Sending Financial Analysis reports to Investors, stakeholders, and higher-management

• Looking at all possible ways to generate revenue

• Gathering data and information from outside resources and personnel to find future investment opportunities

• Rendering efficient buy and sell strategies to facilitate the company’s growth

• Creating detailed financial models, joining hands with financial consultant and finance department

• Dealing aspects of annual financial budgeting and forecasting

How to Become a Financial Analyst from Education to Job?

If you want to focus on a Financial analyst career path, then you must have adequate qualifications and experience to get an entry-level job. Here are typical steps included in the career path.

What to Study? Financial Analyst Qualifications

When it comes to financial analyst qualifications, then normally, a person takes a start from a graduation degree. Finance, economics, and statistics should be your significant subjects. Some people go with an advanced education where they complete a Master in Business Administration with Finance Specialization.

In some companies, Financial Analyst Education Requirement is only a bachelor’s degree while others require an MBA in finance. 

Know: How to Become a Business Analyst

What Experience is Required?

You need to have some experience even when you need an entry-level job. Now the question is how to get that experience? Well, pretty simple. Opt for an internship. Tons of investment banks, insurance companies, and brokerage firms offer internship opportunities to graduates. Tap on any opportunity and start learning.

On average, a financial analyst requires two or three-year experience to have a well-paid job. People who are working on the C-Suite Level, such as a Chief Financial Officer, Chief Executive, Consultants, or Controllers, usually have six to eight years of experience in the financial industry. 

You need to pass some Exams to get a higher Level Chief Financial officer job.

How to Get a Financial Analyst job?

You can get a financial analyst job quickly when you have an MBA finance degree with some industry experience. Every month, many companies hunt an analyst that helps them succeed in the financial world. 

All you need to do is start your job search at http://us.fratres.net. Lots of lucrative job offers are available. Start checking financial analyst job requirements. Check whether you fit into those requirements and then start applying for a job. 

• Write a cover letter that helps you stand out

• Follow some latest CV trends to Get instant attention from an employer

How Much Does a Financial Analyst Make?

I’m sure you must be very much interested in the Salary of a financial analyst. An entry-level financial analyst can earn $50,000 to $100,000 Annually. While median analyst salary is, on average $85,660 per year.