Who Are Financial Analysts?
Financial analysts work as research experts in the field of finance in a business industry. The financial analyst collects and organizes the financial data of the company. Preparing project reports, analyzing results and forecasting future financial activities and activities and sharing them with businessmen/industry experts.Financial analyst helps in reducing or avoiding the financial crisis of the business. It is the job of a financial analyst to observe the market trends for the company or what is the position of a company in the market. How to grow your business by improving the financial condition of the company through these reports, how to make the services accessible to the potential customers.
Financial Analyst Tasks
Financial analyst plays an important role in any company. It is difficult for any company to grow without a financial analyst. Financial analyst acts as a guide for any company. Be it any type of business, service industry, education industry, or any government department where financial activity takes place. Let us know further in this article that how to become a financial analyst and what will be your role in any industry after becoming a financial analyst.1. Financial analyst helps in fixing the budget for upcoming projects.
2. Financial analyst continuously gives advice to invest in the market.
3. It is the job of a financial analyst to estimate future expenses and income in the company.
4. It is the job of a financial analyst to give information about investment in the market.
5. Financial analyst shares information on how to improve the business and reduce losses.
6. Financial analyst gives information on how to make a long term plan for the future.
7. Financial analyst plays an important role in providing information to make business decisions
8. Evaluating plans involving profit and loss
Skills Required to Become a Financial Analyst
It is the responsibility of a financial analyst to guide and guide the business in the right direction. So let's know how to become a financial analyst. Before this, we will know what are the skills required to become a financial analyst. Will go down about them.- Data Analysis
- Financial Analysis
- Financial Modeling
- Strategic Thinking
- decision making
- Marketing Skills
- Maths Skills
- Communication and Comprehension
- Knowledge of ERP software
- Presentation Skills
- Time Management
- Working in a Pressurized Environment
- Multitasking
How to become a Financial Analyst?
Detailed information about how to become a good financial analyst is given below through the steps. So let's know how to become a financial analyst through the following steps (financial analyst kaise bane).- Bachelors degree: First of all, after 10+2, you must have a Bachelors degree (BBA, B Com etc) in subjects related to Maths, Finance, Statistics, Economics or Accounting. Apart from this, the student should also have communication and computer skills. Science stream people can also do this.
- Masters Degree: To do this one has to do post graduate degree after Bachelors degree which should be MBA in finance. Although it is not necessary that you have to do postgraduation, you can directly work in any finance related company after bachelors
- Jobs: Financial Analyst 4 years of junior level working experience in the field of finance after Bachelors or Masters degree to get a good job. Although the job of financial analyst can be obtained even at the fresher level.
- Industry License: Once you gain junior level work experience in a company, you will need to get licensed by the Financial Industry Regulatory Authority (FINRA). Most companies these days will hire you without a FINRA license because you've gained work experience and need a little more advanced training. For this you have to do a certification program
- Certification: This stage is called the certification program. This is known as the Chartered Financial Analyst credential (CFA). This certificate is given to you by CFA Institute. To get this certificate, you must have 4 years of work experience at the junior level and you must have cleared all 3 levels of the CFA exam.
Courses to Become a Financial Analyst
To become a good financial analyst, you have to do some courses, the details of which are given below. You can make a good financial analyst by doing these courses. The courses given below will help you to know how to become a financial analyst.Courses to Become a Financial Analyst
To become a good financial analyst, you have to do some courses, the details of which are given below. You can make a good financial analyst by doing these courses. The courses given below will help you to know how to become a financial analyst.Certification Courses
- Chartered Financial Analyst (CFA)
- Certified Public Accountant (CPA)
- Certified Financial Planner (CFP)
- Financial Risk Manager (FRM)
- Financial Modeling & Valuation Analyst (FMVA)
Masters Degree Courses
- BSc Quantitative Finance
- MSc Advanced Financial Analysis
- PGDM in Financial Analysis
- Postgraduate program in Banking and Wealth Management
- MSc in Finance
Top Universities Abroad for Financial Analyst Courses
It is necessary for you to know about the top universities abroad for doing financial analyst courses. Only then you can become a successful financial analyst. So let's know which are the top universities abroad for Financial Analyst kaise Bane.Universities Abroad for Financial Analyst Courses
- London Business School
- HEC Paris
- Massachusetts Institute of Technology (MIT)
- London School of Economics United Kingdom
- Oxford University
- University of California, Berkeley
- University of Cambridge
- ESSEC Business School
- University of California, Los Angeles
Top Universities in India for Financial Analyst Courses
To show the talent and skill as a successful financial analyst, it becomes better to do a financial analyst course from a good college or university, so let's know the names of top universities in India that offer financial analyst courses.Universities in India for Financial Analyst Courses
| Indian Institute of Management, Ahmedabad | Amity University |
| Indian Institute of Management, Chennai | Jawaharlal Nehru University |
| Indian Institute of Management, Bangalore | University of Delhi |
| Indian Institute of Management, Calcutta | Banaras Hindu University |
| Indian Institute of Technology, Delhi | Sardar Vallabhbhai National Institute of Technology |
| Management Development Institute | National Industrial Engineering Institute, Mumbai |
| Xavier University | Chandigarh University |
| SVKM’s Narsee Monjee Institute of Management Studies | ICFAI Foundation |
| Atal Bihari Vajpayee Indian Institute of Information Technology and Management | S. P. Jain Institute of Management and Research |
Eligibility for Financial Analyst Courses
Financial Analyst Kaise Bane: What is the qualification for Financial Analyst courses, it has been explained in the following detail, which is as follows.1. To do Bachelors in Financial Analyst, it is mandatory for the candidate to pass 12th from Commerce, Science subject
2. For Masters in Financial Analyst, it is mandatory for the candidate to have done Bachelors in Accounting, Finance and Economics from any recognized university
3. English language test like IELTS, TOEFL scores are necessary to do financial analyst from abroad.
4. GRE scores are also mandatory
Application for Financial Analyst Courses in Indian Universities
How to Apply for Financial Analyst Courses in Indian Universities. Its detailed information is available below.1. First of all choose the university from where you want to do financial analyst courses.
2. After this go to the official website of the selected university.
3. Now register by visiting the website of the University from which user name and password will be received.
4. Login to the website with the help of user name and password and select the course.
5. Now fill the application form with educational qualification, category etc.
6. Submit the application fee after filling the correct information in the Financial Analyst Courses Form.
7. If the admission is based on the entrance test then first register for the entrance test and then wait for the counseling after the result. You will be selected on the basis of marks in the entrance test and a list will be issued
Apply for Financial Analyst Courses in Foreign University
How to Apply for Financial Analyst Courses in Foreign Universities. Its detailed information is available below.1. First of all choose the university from where you want to do financial analyst courses.
2. After this go to the official website of the selected university.
3. For this you register by visiting the UCAS website (UCAS) and get the user Id and password.
4. After getting the User ID and Password, choose the course you want to pursue.
5. Fill your educational details in the next step
6. Fill the details of IELTS, TOEFL, Entrance Exam Score, SOP, LOR along with Educational Qualification
7. Provide English proficiency and required test scores such as GRE or equivalent
8. Fill the job information of previous years
9. Pay the Registration Fee
10. Finally submit the application form
11. Some universities invite for virtual interview after selection
12. Candidates can participate in multiple programs in the University, however, the application form and program fee will be different for each program
Documents Required for Financial Analyst Courses
If you do financial analyst courses from a foreign university, then you will need the following documents. So let's know what are the documents required to become a financial analyst.List of Documents for Financial Analyst Courses
All official academic transcripts and grade cardsPassport Size Photo
Passport Photo Copy
Visa
Updated Professional Resume
English Language Proficiency Test Scores
LOR and SOP
Some Job Options Related to Financial Analyst
Some of the jobs related to financial analyst are mentioned below- Finance Controller
- Finance Officer
- Risk manager
- Credit Manager
- Cash Manager
- Risk and Insurance Manager
- Finance Manager
- Financial Planner
- Financial Analyst
- Financial Auditor
- Investment Banking Analyst
- Accountant
Financial Analyst Salary
We are analyzing below how much salary is available after doing financial analyst course. You can expect to earn an average of ₹3.8 to 5 lakh per annum if you have 1-4 years of work experience. If you have 5-9 years of experience, then you can get an average annual salary of ₹ 5.8 to 10 lakh per year. As your work experience increases, your salary will increase accordingly.| Job Profiles | Annual Salary (INR) |
| Risk Manager | 10-11 Lakh |
| Investment Manager | 7-8 lakh |
| Chartered Financial Analyst | 9.50-11 Lakh |
| CEO | 15-40 Lakh |
| Private Banker | 9-12 Lakh |
Top Recruiting Companies for Financial Analyst
Top Recruiting Companies for Financial Analyst are given below:- SBI Capital Markets Limited
- housing development
- Birla Global Finance Limited
- PNB Gilts Limited
- CIL Securities Limited
- Finance Corporation
- Karvy Group
- Centrum Finance Limited
- Bajaj Capital Limited
- DSP Merrill Lynch Limited
- L&T Finance Limited
Financial Analyst - FAQ
Q1. How much does it cost to do CFA course?
Ans. The cost of doing CFA course varies from university to university. Generally you have to spend INR 50,000-1.50 Lakh to do CFA. In which your registration fee is also included.
Q2. How long does it take to do CFA?
Ans. It may take you up to 1.5-4 years to do this course. It depends on you that how soon you pass the exam.
Q3. How many levels are there in CFA?
Ans. To clear CFA you have to go through 3 levels-
Level- 1
level 2
Level- 3
Level- 1
level 2
Level- 3
Q4. Which computer skills are necessary for a financial analyst?
Ans. The work of a financial analyst is to work with data, you should also have computer skills with CFA, such as-
1.SQL
2. Ms Excel
3. SAS
4. MS Data Base
5. PowerPoint
6. ERP Softwares
1.SQL
2. Ms Excel
3. SAS
4. MS Data Base
5. PowerPoint
6. ERP Softwares
Tag- Financial Analyst, How to Become a Financial Analyst, Financial Analyst Jobs, About Financial Analyst, financial analyst skills, financial analyst companies, financial analyst course, financial analyst degree, financial analyst salary
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