The career of a financial analyst
Financial Analyst
Introduction
If you have ever thought about becoming financial analyst, then this article is for you. You'll learn everything you ever wanted to know about becoming financial analyst, where financial analysts works, how much they get paid, what kind of additional in-service training they need and much more.
What is it like to be financial analyst?
It is very challenging and stressful.
What do financial analysts do?
Financial analysts gather information, assemble spreadsheets, write reports, and review all non-legal pertinent information about prospective deals. They examine the feasibility of a deal and prepare a plan of action based on financial analysis.
What do financial analysts do on a typical day?
Financial analysts can work long hours, generally either working on updating research and financial models or networking. Junior financial analysts generally have less than three years of experience and spend much of their time putting together information and updating financial models. Senior analysts, those with three or more years of experience, tend to spend much of their time reviewing work, developing investment opinions, and networking with clients.
Where do financial analysts work?
Financial analysts work in a variety of places. Most analyst jobs are in banking houses or for financial-advising firms
How can I become financial analyst?
You can apply to the Social Sciences program, more precisely Business Management at Ahuntsic College. This college offers a 2-year training program in French. Upon completion of the program, you can apply for a degree in accounting, business administration, economics, finance, management or statistics.
How much money do financial analysts make?
Financial analysts make on average $60000 per year. Of course, the salaries vary across regions and is starting salary is lower at the beginning of a financial analyst's career.
What kinds of additional training do financial analysts need?
General computer proficiency (typing skills, Internet literacy, ability to use Microsoft programs) is essential. Beyond that, the ability to navigate various finance-related software programs.
What are the dangers of being financial analyst?
There are no dangers concerning the career of a financial analyst.
What are the chances that financial analysts will be replaced by robots soon?
It is unlikely that financial analysts will be completely replaced by robots. However, robots have already taken over Wall Street, as hundreds of financial analysts are being replaced with software or robo-advisors.
What age do financial analysts retire at?
Surprisingly, financial analysts usually retire at the age of 63.
Conclusion
As you can see, being a financial analyst is hard, challenging and stressful, and the salary is lower at the beginning. It also requires a college degree, and you need to be motivated to complete your daily routine.
More by this author
Introduction link: https://businessmanagement321.blogspot.com/2021/02/about-me.html
Glossary link: https://businessmanagement321.blogspot.com/2021/02/business-management-glossary.html
Screencast link: https://www.youtube.com/watch?v=usb4w2UvaMg
Sources and RADARS ratings
Source: https://www.investopedia.com/financial-edge/0213/a-day-in-the-life-of-a-financial-analyst.aspx#:~:text=Key%20Takeaways,and%20financial%20models%20or%20networking.&text=Senior%20analysts%2C%20those%20with%20three,opinions%2C%20and%20networking%20with%20clients.
Rationale: to inform or educate
Authority: research journal
Date: still relevant
Accuracy: probably true
Relevance: relevant for this document
Sources: cites sources
Source: https://www.princetonreview.com/careers/68/financial-analyst
Rationale: to inform or educate
Authority: research journal
Date: still relevant
Accuracy: probably true
Relevance: relevant for this document
Sources: cites sources
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