Financial Analyst Job Description
The job of a Financial Analyst involves examining a company or individual’s financial information to be used in providing ways on how to invest money. These analysts are usually found in stock brokerages, banks, corporations, government agencies and insurance companies, but others work as freelance consultants.
Education/Experience Requirements for the job of a Financial Analyst: A successful candidate must possess a bachelor’s degree in business administration, finance, economics, mathematics, law, accounting, statistics or a similar field. Those with a master’s degree in business administration will likely to receive better opportunities. Advancement occurs when an analyst obtains a CFA (Chartered Financial Analyst) designation. Experience working in brokerage houses, corporations and banks are helpful.
Skills of a Financial Analyst include but are not limited to: Excellent research skills, effective written and verbal communication skills, advanced knowledge in computers and financial software programs, as well as knowledge of internal control procedures and financial accounting principles.
Specific work elements of the job as a Financial Analyst include but are not limited to: Analyzing financial information to produce business or economic forecasts; assembling spreadsheets; evaluating qualities of securities in a particular industry; interpreting data (such as yield, price, stability, trends, etc) that affects investment programs; preparing plans of action based on financial analyses; presenting reports about economic trends; recommending investments and time to invest; collaborating with brokers and investment bankers; and determining prices of securities, among others.
