Financial Analyst

All businesses have one sole aim that is to make profits. In order to be profitable they take a number of decisions and to make sure that the financial decisions that they have taken translates to profit, they hire an expert known as the Financial Analyst.

Financial AnalystA Financial Analyst is a person who performs financial analysis for external and internal clients as a core part of the job.

Financial Analysts are often employed by mutual and pension funds, hedge funds, security firms, banks, insurance companies and other businesses, helping these companies or their clients make investment decisions.

Financial Analysts employed in commercial lending firms perform balance sheet analysis, examining the audited financial statements and corollary data in order to assess the lending risks.

From education perspective, a Financial Analyst must have a college degree in business, accounting, statistics or finance. Maths, computers, and general analytical skills are the key skills.

Dealing with new people is a part of a Financial Analyst’s job so there has to be confidence, maturity and the ability to work on your own. An analyst must possess good communication skills to effectively explain complex financial ideas.

The average annual salary of a financial analyst can somewhere be around Rs.8,88,000.

There were 2,50,600 financial analyst jobs in the year 2010, mostly working at the head offices of big financial firms.

The growth in employment of financial analysts jobs in the year 2010 have been more than average. In coming years Banks and Mutual Fund Companies will need more financial analysts than any.

Business Analyst

A Business Analyst analyzes the organization and design of business, government departments and non-profit organizations. A Business Analyst also assesses business models and their integration with technology.

Business AnalystA Business Analyst has a diverse skill set along with a massive work experience in different jobs and industries.

The skill set may include being a Business Planner, System Analyst, Project Manager, Subject Area Expert, Organization Analyst, Financial Analyst, Technology Architect, Data Analyst, Application Analyst, Application Designer and Process Manager.

One of the strengths of a Business Analyst is to look into the prospects of the business from more than one perspective and always seek room for growth, innovation and improvement in the business.

Before a project initiates a Business Analyst looks into all the risks involved, deeply analyzes each and chalks out strategies of dealing with each risk involved.

A Business Analyst always breaks down the complete plan to smaller manageable chunks.

A Business Analyst always gathers most information of the project that will easily see through all the problems so that the project completion does not take much time.

After every bit of thinking and gathering the next step for a Business Analyst is to organize the collected information into an organized filing system.

A Business Analyst being the head of the project must be the best communicator in the project team. His role is to bridge the gap in communication between the business area expert and technical team and also bring synchronization into plans and techniques.