If you’re looking for an opportunity to apply your passion for data and mathematics in a fascinating, fast-paced field, financial analysis could be your perfect career path. The market for mutual funds is expanding and upcoming mutual fund companies require talented and trained financial analysts so that they can carve a niche in finance market. Increases productivity by developing automated accounting applications; coordinating information requirements. After five or more years of work experience there is four to five times growth in the salary package of financial analysts. As financial analysts require communicating and presenting a lot of information to clients and peers, they should inculcate excellent communication and presentation skills. Financial analysts must explain their recommendations to clients in clear language that clients can easily understand. Secretarial work in companies, account management and share valuation, etc are some other works for financial analysts.
The obligations of today’s financial analyst were covered by more experienced individuals as late as the 1970s, but with rapid deregulation of ownership in industries in the early 1980s and the rapid growth of the financial sector during those same years, the need arose for a structured and continuing stream of intensively trained professionals familiar with the financial industry.
Indian financial analysts with right exposure and sound presentation skills get employment in multinational hedge fund organisations and financial bodies including investment banks. Other positions are expected to be filled by immigrants who meet the occupational requirements. Though slightly different, financial analysts’ job is like one of financial planners.
To members, it is a reminder of the importance of their designation and their professional status, as Benjamin Graham articulated in the first issue of the Financial Analysts Journal. The Financial Analysts Journal plays a critical role in helping members keep up to date with practice-relevant research in the field of investment management and stay abreast of new ideas and techniques.
Financial analysis as a career option can be an excellent decision for those who are good at accounts and have inclination for finance side of any organisation. Analysts travel, pore through documents, meet with clients (on a highly supervised basis) and prepare valuation analyses. Employment of financial analysts is projected to grow 12 percent from 2014 to 2024, faster than the average for all occupations. The quickest way into a good investment or finance job or career is to get a job as a financial advisor or broker. This lack of confidence has grown far more pronounced since the beginning of the financial crisis leading to the 2008-2009 recession, owing at once to new financial scandals and to excessive risk taking on the part of certain analysts. The Financial Analysts Journal serves as the outward-facing presence of CFA Institute.
