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.

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