Become A Financial Analyst: Check out the complete career guidance in this field!

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A Financial Analyst collects and analyses all sorts of financial data (both macroeconomic and microeconomic) and market-related information to help their clients make the best possible investment decisions.

What does a Financial Analyst do?

An analyst also recommends action such as buying or selling stocks; also looks into a company?s financial health helps in arriving at a valuation of a company for mergers & acquisitions.

Eligibility Criteria And Higher Studies:

Bachelor?s Degree in finance, business or related field is a must.

Curriculum and Core Subjects:

  • Managerial finance
  • Investment analysis
  • Statistics
  • Financial markets
  • International business
  • Marketing
  • Accounting
  • Business law and ethics

Skills Required to Become a Financial Analyst:

Analytical skills: A financial analyst needs to have logical reasoning skills.

Communication skills: They should be able to converse with other clients.

Computer skills: Financial analysts must have the ability to use software packages to analyze financial data, see trends, create portfolios, and make forecasts.

Decision-making skills: Financial analysts must provide a recommendation to buy, hold, or sell a security.

Detail-oriented: Financial analysts should have an eye for detail when reviewing possible investments, as small issues may have large implications for the health of an investment.

Math skills: Financial analysts must use mathematical skills when estimating the value of financial securities.

Financial Analyst Job Prospects:

Portfolio managers: These managers are responsible for the overall performance of the portfolio. They are also expected to explain investment decisions and strategies in meetings with stakeholders.

Fund managers: Both fund and portfolio managers frequently make buy or sell decisions in reaction to quickly changing market conditions.

Rating analysts: On the basis of their evaluation, a management team rates the risk of a company not being able to repay its bonds.

Risk analysts: This job is carried out by making investment decisions such as selecting dissimilar stocks or having a combination of stocks, bonds, and mutual funds in a portfolio.

Financial Analyst Salary:

In India, the average salary for a financial analyst ranges from Rs 3 lac to Rs 7 lac per annum.

Top Universities:

Some of the top universities in becoming a financial analyst are:

  • Narayana Business School, Ahmedabad
  • Central India Institute of Management Studies, Jabalpur
  • The ICFAI University, Dehradun
  • The ICFAI University, Meghalaya
  • Central India Institute of Management Studies, Raipur
  • Mansukh Institute of Financial Markets, New Delhi

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