How to Become: Financial Analyst
A competitive field with strong career growth expected
Sep 18, 2006
Overview of Job
Financial Analyst is a multi-faceted job that involves good accounting, analytical, writing and communication skills. These analysts typically are independent and contracted by a variety of companies such as stock and securities firms, banks, insurance companies, manufacturing companies, ext... Through a series of procedures such as analyzing company finances, meeting with managers and officers and studying the company history, they produce reports and recommendations concerning the company's financial health and stock viability.
There are specialists within the financial analyst occupation, such as investment banking, company mergers and takeovers and a company's ability to pay debt. This job requires long hours, meeting deadlines and constant communication and updates with clients.
Education and Experience
Degree in Business Administration, Statistics, Finance or Accounting is required.
MBA is highly desirable
Several years of relevant experience desirable, but internship and entry level positions are available
Capacity for detail and analysis required
Exceptional communication skills, both verbal and written, required
Familiarity with the general business climate
Future of the Occupation
Compensation ranges from $47,000 to $110,000 (or more in exclusive partnership companies) depending upon experience and education.
In the current and foreseeable climate of corporate mergers and takeovers and the volatile stock market, the need for career financial analysts is expected to grow at a rate faster than the average occupation.
