As a financial analyst, you guide individuals or businesses on investment opportunities with lucrative outcomes. You use industry knowledge, market trends and financial data to find the best strategy for continued growth. Your job involves analysing economic trends, financial information and business news.
As a financial analyst, you can work in investment companies or financial institutions like banks. Some businesses also need internal financial analysts to monitor their investment strategies and minimise losses. Depending on your position, you are responsible for various research tasks that guide investment decisions. Some tasks include evaluating financial data and market developments or examining the organisation's financial statements. You also participate in financial modelling to predict the performance of various investments. Since the tasks are data-intensive, you require strong analytical and mathematical skills to evaluate the data and develop investment strategies.
To build financial models for data analysis and forecasting, proficiency in building portfolios and using various statistical software for analysis is important. The software helps you track past and present financial information and use prediction models to determine if an investment is viable.
Would working as a financial analyst suit your strong mathematical skills and business acumen? Then read on to find out what competencies and qualifications you need to thrive in a financial analyst role.learn more