Careers in Financial Analysis

 

Financial Analyst is a person, who on behalf of his/her clients, analyzes and studies the financial data and further guides them about their investments. A financial analyst critically scrutinizes the details of the company, in which his/her client wishes to invest. For the purpose, he/she studies their financial reports by having direct, one to one conversation with officials of the organization and experts of the industry. Detailed report of the findings is prepared in order to draw a conclusion regarding the purchase and selling of the company’s stock. An financial expert may even have to analyze a merger or take over of an organization. To become a good financial analyst, one has to be dedicated, determined, focused and hard-working, because he/she can not afford to be wrong in the research work. Apart from this, numerical skills, patience, logical interpretation of facts and good communication skills also play a vital role to become a financial analyst. It is a job of a specialist, who always needs to be on his/her toes in order to meet the deadline. The profession of a financial analyst demands long working hours and at times, multi-tasking as well. A good financial analyst should be able to accomplish a complicated task with ease.

Course Details
To become a financial analyst, one can opt for a degree program in business, accounting, statistics, or finance at under graduate level or a business administration program at post graduate level. He/she should have studied mathematics, computers or social science as compulsory subject at the undergraduate or 10+2 level. The knowledge of preparing spreadsheets, Hyperion Essbase, MS office or other analytical tools is necessary for those who aspire to become financial analysts. A course like Chartered Financial Analyst (CFA program) is especially designed for financial analysts. All the above mentioned programs and awareness of business news would help to develop an aptitude towards the job.

Career Prospects
A career in financial analyst offers ample opportunities at junior as well as senior level. One can specialize and can expect a good career as any one of the following – Budget Analysts, Credit Analysts, Investment Analysts, Mergers and Acquisitions Analysts, Money Market Analysts, Ratings Analysts, Risk Analysts, Security Analysts, Tax Analysts, Chartered Accountant trainee and Wall Street Analysts. Job options in this field are not restricted to India itself, bright future prospects are available overseas. Banks and reputed firms are always in need of good financial analysts.

Institutes Offering
Various institutions all over the India offer specialized training and programs for financial analysts. Some of the reputed institutions are Birla Institute of Technology and Science (Rajasthan), Narsee Monjee Institute of Management, (Mumbai), International Management Institute (New Delhi), SP Jain Institute of Management and Research (Mumbai), Xavier Institute of Management, (Bhubaneshwar), ICFAI Business School (Kolkata, Chennai, Ahmedabad, Bangalore, Mumbai), The ICFAI University (Hyderabad).

Remuneration
A beginner can expect a salary between Rs15000-Rs20000 per month. An experienced person can earn a lot more.

 Reference:http://entrance-exam.net

Note: The idea behind this blog is to give General tips, updates and inputs to all our students irrespective of his/her level, whether its coaching for B.Com (Honors/Program) Semester system, 1^st Year, 2^nd year or 3^rd Year or coaching for Professional Entrance exams like CA-CPT, CS Foundation, CWA Foundation or IPCC, Inter or Main… or class XI or XII students. We believe that the basics don’t change, most of the exam battles are won here, in the head, and hence we encourage everyone to stay focused and positive … Your time and life is precious, feel free to speak to exam counselor at iQuest Commerce Academy or write to us at info@iquestcommerceacademy.com  in case you have any anxiety/apprehensions.

iQuest Commerce Academy is one of the leading coaching institutes of Delhi (South Delhi) imparting quality coaching for Delhi University B.Com (Honors) & B.Com (Pass) Courses. We teach all major subjects under one roof of all 3 years and have also delivered excellent results in Semester 1 of B.Com (DU) -2012. Our teachers are all well established and well known personalities and understand the importance of quality education and coaching. At iQuest Commerce Academy, we also undertake classes for Class XI-XII (Commerce subjects – Economics, Accounts & Maths) CA-CPT and foundation level of CS & CWA. Please feel free to call us for arranging a demo class.