The career of a financial analyst is challenging as well as
well rewarding. The work of financial analyst mainly involves to analyze and
study the financial data and further guides their client about their investment
decisions. A financial analyst critically analyze the details of the company,
in which his/her client wishes to invest. To know about the financial status of
the client he/she studies their financial reports by having direct, one to one
conversation. Detailed report of the findings is prepared in order to draw a
conclusion regarding the purchase and selling of the clients’s stock. An
financial expert may even have to analyze a merger or take over of an
organization. To become a financial analyst, one has to be dedicated, determined,
focused and hard-working, because he/she can not afford to be wrong in the
financial research work. Apart from this, patience, numerical skills, logical interpretation
of facts and good communication skills also required to become a financial
analyst. The occupation of a financial analyst demands long working hours and
at times, pressuring situations. A good financial analyst should be able to do
a complex task with ease.
Course Details
To become a financial analyst, one should join commerce course at graduate level. It may be a B.Com, CA, CS or accounting course. He/she should have studied accounts, mathematics, computers or social science as compulsory subject at the 10+2 level. The knowledge of preparing Hyperion Essbase, spread sheets, MS office or other analytical tools is necessary for those who aspire to become financial analysts. One good course for financial analyst is Chartered Financial Analyst (CFA program) is especially designed for financial analysts. All the above mentioned programs and awareness about the current business trends would help to develop an aptitude towards the job.
Career Prospects
A career in financial analyst has very good prospects at junior as well as senior level. One can specialize and can expect a good career as any one of the following Credit Analysts, Investment Analysts, - Budget Analysts, Mergers and Acquisitions Analysts, Ratings Analysts, Risk Analysts, Money Market Analysts, Security Analysts, Tax Analysts, Chartered Accountant trainee and Wall Street Analysts. Job options in this field are good in India as well as bright future prospects are available overseas. Banks and investment firms are always in need of good financial analysts.
Institutes Offering
Many institutions all over the India offer specialized training and programs for financial analysts. Some of the reputed institutions are Narsee Monjee Institute of Management, (Mumbai), Birla Institute of Technology and Science (Rajasthan),International Management Institute (New Delhi), Xavier Institute of Management, (Bhubaneshwar), SP Jain Institute of Management and Research (Mumbai), ICFAI Business School (Kolkata, Chennai, Ahmedabad, Bangalore, Mumbai), The ICFAI University (Hyderabad).
Remuneration
A beginner can expect a salary between Rs20000-Rs25000 per month. An experienced person can earn a lot more depending on his/her talent.
Course Details
To become a financial analyst, one should join commerce course at graduate level. It may be a B.Com, CA, CS or accounting course. He/she should have studied accounts, mathematics, computers or social science as compulsory subject at the 10+2 level. The knowledge of preparing Hyperion Essbase, spread sheets, MS office or other analytical tools is necessary for those who aspire to become financial analysts. One good course for financial analyst is Chartered Financial Analyst (CFA program) is especially designed for financial analysts. All the above mentioned programs and awareness about the current business trends would help to develop an aptitude towards the job.
Career Prospects
A career in financial analyst has very good prospects at junior as well as senior level. One can specialize and can expect a good career as any one of the following Credit Analysts, Investment Analysts, - Budget Analysts, Mergers and Acquisitions Analysts, Ratings Analysts, Risk Analysts, Money Market Analysts, Security Analysts, Tax Analysts, Chartered Accountant trainee and Wall Street Analysts. Job options in this field are good in India as well as bright future prospects are available overseas. Banks and investment firms are always in need of good financial analysts.
Institutes Offering
Many institutions all over the India offer specialized training and programs for financial analysts. Some of the reputed institutions are Narsee Monjee Institute of Management, (Mumbai), Birla Institute of Technology and Science (Rajasthan),International Management Institute (New Delhi), Xavier Institute of Management, (Bhubaneshwar), SP Jain Institute of Management and Research (Mumbai), ICFAI Business School (Kolkata, Chennai, Ahmedabad, Bangalore, Mumbai), The ICFAI University (Hyderabad).
Remuneration
A beginner can expect a salary between Rs20000-Rs25000 per month. An experienced person can earn a lot more depending on his/her talent.
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