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How To Become a Financial Analyst

Published By Team Setmycareer on Aug 05, 2023

How To Become a Financial Analyst

Financial analysts are in charge of evaluating a company's overall condition against a proposal, analysing economic progress and market circumstances to develop predictions, and giving monthly assessments to senior executives to assist them in making financial and operational choices. Nevertheless, not all financial analysts work for banks or assist their employers in making transactions. For example, a business may engage a financial analyst to assess the cost-effectiveness of various marketing initiatives. A financial analyst is someone who provides business suggestions for a firm based on studies of market dynamics, a corporation's economic situation, and the expected consequences of a definite sort of transaction. Analysts are statistics professionals who are experienced in evaluating information and making suggestions depending on that information. They usually have commercial, economics, or bookkeeping experience. Financial analysts are in charge of developing financial models that can forecast the consequences of specified company actions. They must collect a huge quantity of financial information whilst simultaneously taking into consideration elements such as financial market developments and previous operations of a similar kind to accomplish this correctly.


Eligibility Criteria

  • Must possess at least 50% aggregate from a recognized institution in 12th, from any board PUC/CBSE/ICSE/ISC, etc. However, the cut-off margin varies with the selection process of different colleges.
  • Should procure a valid score in entrance exams such as CAT, MAT, CMAT, etc. Different colleges offer their entrance exams if you don’t have a satisfactory score in CAT or other competitive exams – colleges like NMIMS, Symbiosis International University, XUB, Andhra University, LPU, etc. Every state offers its entrance exam as well.
  • One must earn a degree in B.A/B.Com/BBA or a Diploma to become a Financial Analyst. This is a basic qualification you must require to enroll in this line of work.
  • MBA in Finance can also prove to be helpful while looking for a higher degree and better learning.

Tasks to perform

  • To find answers to financial problems or to analyse the financial or capital effect of transactions, use financial models.
  • Analyse financial data to anticipate organisational, industrial, or financial circumstances to help you make better investment strategies.
  • Analyse statistics from financial magazines and companies, investments banking companies, government entities, trade journals, corporate resources, or individual interactions to keep track of basic macroeconomic, technological, and organisational changes.
  • Comment on broad economic trends, particular businesses, and whole industries orally or in writing.
  • Propose investments and scheduling to businesses, investment company employees, or the general public.

Knowledge required

  • Finance and Management – Understanding of corporate governance concepts and procedures, as well as capital industry, finance, and business information monitoring and interpretation.
  • Legal System — Awareness of statutes, political systems, court processes, jury decisions, federal regulation, executive actions, department guidelines and the constitutional legislative process is needed in politics and government.
  • Client and Legitimate Service — Implementation of standards and procedures for the provision of customer and services rendered. This involves identifying customer expectations, meeting product quality requirements and assessing customer loyalty.
  • Design and Establishment — Recognition of the materials, techniques, and instruments used in building or restoring homes, factories, as well as other structures, such as roads, highways, bridges, etc.
  • Development and Manufacturing — Utilising natural resources, process innovations, quality management, prices, and other strategies for optimising the productive produce and delivery of products.

Skills required

  • Rational interpretation –Use of rationality and inference to distinguish the positives and disadvantages of creative improvements, assumptions, or responses to situations.
  • Surveillance — Entails keeping track of and evaluating your own, other people's, or organisations' results in order to make changes or take disciplinary measures.
  • Strategic Thinking — Evaluating the possible expenses and advantages of various decisions in order to recognise the best one.
  • Critical Analysis — Learning and identifying the strengths and weaknesses along with providing solutions and countermeasures to reduce the impact of potential problems.
  • Method of Learning — Practises and processes for selecting and implementing strength and conditioning approaches and techniques that are suitable for the case when learning or introducing new items.

Is This Career Right For You?

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Job roles offered

Once you procure the required qualifications for becoming a Financial Analyst, a myriad of options is open to you. There are multiple projects you can undertake throughout this line of work, and there are many other fields you can branch out to as well.

  • Financial Advisor: Financial advisers assist customers in achieving their short- and long-term financial objectives, including purchasing a home, funding their children's education, and retiring. They may also offer financial, tax, and coverage assistance. Financial advisers devote a significant amount of time to researching and evaluating investment possibilities, as well as meeting with customers and potential clients to discuss investment plans. Financial advisers analyse customers' financial conditions and provide advice to help them with their investing strategy. Clients' strategies are frequently carried out by advisors. Clients' requirements are diverse, encompassing both short- and long-term objectives, and advisers must provide a program that meets all of them.
  • Chief Investment Officer: Chief Investment Officers (CIOs) are senior executives in control of a company's investments strategies. They create short- and long-term investment strategies, provide investment recommendations, and supervise a team of employees that, amongst various activities, analyse pensioners, manage resources, and allocate securities. Chief Investment Officers answer to the boards of governors of their organisations to maximise shareholder earnings. They might perform for investing organisations, institutions, or commercial businesses, and they usually operate in an administrative setting, but they may be needed to commute to interact with meeting stockholders, administrators, and third-party services vendors.
  • Financial Advisor: Financial advisors, traders, and private investors rely on equity analysts, also known as equity research analysts, for financial advice and professional understanding of equities and bonds. On the buying side, sell side, or both, this job integrates data collection and analysis with financial modelling and forecasts to make educated choices about investment possibilities and risks. Equities analysts operate in a range of financial institutions, offering quantitative analysis and data interpretations for stockbroker firms, financial institutions, and trading firms.
  • Securities Analyst:A securities analyst is a professional economist who investigates and evaluates businesses, determines their competitiveness and viability based on prevailing revenues, requests for signs of development and success, forecasts the industry's potential income, and makes recommendations to their customers on which financial products to buy or sell based on their findings. With the shift in involvement between today's youth from public sector careers to autonomy, and the dissemination of information concerning the world's equity marketplaces by the Print and Visual widespread press to the public at large, involvement in start sharing marketplaces as a career path and a growing field to make money in fast points of time has multiplied.
  • Pricing Analysts: Pricing analysts use sophisticated data sets to assist firms in determining and setting competing markets to increase market share and revenue. Price analysts must examine data from many sources and build sophisticated pricing models that incorporate margins for promotional and seasonal pricing based on competition, marketplace, and customer information. Pricing analysts operate in a wide range of industries, including retail and corporate sales. Pricing analysts work with sales and marketing activities to design strategies that generate sales and keep their company competitive in any situation.

Career opportunities

Financial Analysts can opt for various fields of work in the companies listed below:

  • Amazon
  • Oracle
  • NatWest Group
  • IBM
  • Red Hat
  • Western Digital
  • Accenture
  • Deutsche Bank
  • Medline India
  • American Express

Colleges offering courses

  • St. Xaviers College, Ranchi
  • KJ Somaiya College of Science and Commerce, Mumbai
  • PSGR Krishnammal College for Women, Coimbatore
  • Sri Krishna Arts and Science College, Coimbatore
  • JBIMS Mumbai - Jamnalal Bajaj Institute of Management Studies
  • School of Distance Education, Andhra University, Visakhapatnam
  • BJB Autonomous College, Bhubaneswar
  • Karmaveer Bhaurao Patil College, Vashi
  • Samrat Prithviraj Chauhan Government College, Ajmer
  • Serampore College, Serampore



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