What is a financial analyst and how do I become one?

Any idea what the hot stocks and shares are this week? Do you hear tv ads talking about the economic climate, superannuation fees or interest rates and wonder what they’re going on about?  Do you have any idea what it takes to be a financial analyst?

Financial analyst have the expertise to predict financial trends which affect the economy, from house prices to the cost of petrol.  They analyse financial data to make better investing decisions on where money should go and what the timing should be. They are sought out by both the general public, companies with finances to invest and other investment firm staff for their own clients.

These kinds of analysts interpret data on prices, profits, stability, future investment-risk data, worldwide economic influences and further considerations that might affect investment programs. They analyse information from different financial sectors for their fundamental economic, industrial and corporate growth and then make their recommendations and forecasts based on this.

A financial analyst should have the ability to solve problems quickly and be a fast thinker. Being good at maths is key to the role, along with a high level of IT skills as computers are used extensively in this job.  Being very particular with details and accurate when producing reports for clients is an everyday part of the role and expected. Since analysts are dealing with money, discretion and someone that is trustworthy is are vital characteristics.

Hours & Conditions:

Financial analysts work full time and often work more than 40 hours a week. They work in an office largely in financial services environments where stocks, investment advisory and financial planning are dealt with.

How to become a Financial Analyst: Qualifications

If you are interested in becoming a financial analyst you usually need to get a bachelor’s degree in accounting, economics, finance, statistics, mathematics or engineering. If you are aiming for a managerial post, then an MBA is often required by employers.

To look at courses that will help you find a role as a financial analyst, check out

https://www.careerhq.com.au/careers-database

Job outlook

There’s a growing world out there for financial analysts especially with the emergence of new business markets round the world. The investment world is increasingly complex meaning people need a financial analyst to explain it to them.  There is also increasing amounts of financial legislation and regulation which investors are required to follow and which will require more financial analyst roles in companies.

https://careerhq.com.au/careers-database/job_details/130/financial-analyst