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Choosing a Career as Financial Analyst in India

 In the financial service industry, the most desired career is as a Financial Analyst. They work in a wide range of industries. It is one of the popular jobs because of some great benefits and high earning potential. Some of the popular activities of financial analysts are:

  • Gathering data

  • Organizing information

  • Analyzing historical results

  • Making forecasts and projections

  • Making recommendations and 

  • Generating Excel models, presentations, and reports

They are generally from business, finance, or accounting majors backgrounds. Other than the academic background, they are numbers-driven individuals who are comfortable interpreting data.

Financial Analyst is also called 

  • securities analyst

  • research analyst

  • investment analyst

  • equity analyst 

  • rating analyst

What does a Financial Analyst Do?

Depending on the organization they work, their seniority, etc. financial analyst has many duties and responsibilities. They predict future expenditures to help in preparing budgets for new projects. They are expected to deliver regular reports using financial data and work together with the entire finance team.

  • Gather data and information to analyze. For example, stock price information, industry research, etc.

  • Evaluate current and historical data.

  • Organize information. To sort the numbers by data, or by adding formulas, using formatting style so that it is easy to read and understand.

  • Study economic and business trends.

  • Manage the organization’s assets successfully.

  • Provide decision-makers with the information they need to increase revenue. 

  • Study a company’s financial statements to determine its value.

  • Prepare written reports.

  • Meet with investors to explain recommendations.

As part of their responsibilities, financial analysts work on budget, revenue, and cost modeling for corporates. They will research and analyze financial information so that the company can make good decisions, keep track of its finances. 

In short financial analysts:

  1. Gather data 

  2. Organize information

  3. Analyze  results

  4. Make forecasts 

  5. Build Excel models

  6. Make presentations

  7. Give reports

Who can become Financial Analysts?

There are multiple skills that an employer looks for in a financial analyst. One important among them is to have analytical skills.

  • Expert-level analytical skills

  • Strategic thinking

  • Research Skills

  • Leadership Skills

  • Decision making

  • Attention to detail

  • Great presentation skills

  • Ability to influence and persuade

  • Knowledge of ERP systems and related technologies

  • Strong understanding of Sarbanes-Oxley

  • Excellent time management and organizational ability

  • Ability to multitask and meet constant deadlines

  • Willingness to work long hours, when necessary

Technology Knowledge

For financial analysts, technical skills are important. Many companies look for people who have strong Structured Query Language (SQL) knowledge. They also should know about other computer programs like Python, SAS, and R.

Mathematical skills

The financial analyst job is mainly focused on numbers. They should have a general knowledge of accounting. This may include- 

  • accounting principles

  • standards and techniques

  • basic knowledge of accounting programs and

  • the mathematical formulas etc.

Organizational Skills

They should know soft skills, i.e. to be able to organize records, information, numbers, and financial data of an organization.

Analytical skills

This includes the ability to plan, prioritize and recognize financial problems.

Scope of Financial Analysts in India and Abroad

Financial analyst as a job position is considered one of the leading careers in India. According to reports, over 70,000 financial analyst jobs are available.

With the required qualifications individuals can work with the following clients, helping these companies make investment decisions

  • Financial institutions

  • Multinational banks

  • Public sector organizations e.g. Railways, corporate sector, etc.

  • Reserve Bank of India

  • Pension funds

  • Mutual funds

  • Industrial & Development Bank of India

  • Finance and leasing companies

  •  Insurance companies

Salary of Financial Analyst in India

In India, the fresher salary (average) with less than a year’s experience is ₹313,149 PA. With 5 to 9 years of experience, the salary can increase to ₹574,432 PA. For people with 10 to 19 years of experience, the average salary is around ₹981,857 PA.

A career as a financial analyst abroad is a lucrative job with high earnings. They can work in finance companies like-

  • Wells Fargo Bank

  • Bank Of America

  • Technology Credit Union

  • National City Bank

  • PNC Bank

  • CitiMartgage.Inc

  • National  Association

Also besides the above-mentioned corporations, financial analysts can work in stock exchange like:

  • NASDAQ

  • New York Stock Exchange

  • Toronto Stock Exchange

  • Hong Kong Stock Exchange

  • London Stock Exchange

  • Tokyo Stock Exchange

  • Tokyo Stock Exchange etc.

Job Profiles

In financial analysts also there are many sub-categories of job roles. 

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Qualification Required

To be a financial analyst, at the entry-level individuals need to qualify for a Bachelor's degree in business Administration or Finance. A Master’s degree in these specializations will help a great deal at the fresher’s level.

Top institutes offer Charter Financial Analysis courses. They can also pursue B.Com/M.Com or can go for MBA in finance. Some management institutes offer diploma courses in financial management. Some of the reputed institutes offering financial analysis are:

  • SP Jain Institute of Management and Research, Mumbai

  • Xavier Institute of Management, Bhubaneshwar

  • ICFAI Business School, Pune

  • Birla Institute of Technology and Science, Pilani

  • Narsee Monjee Institute of Management, Mumbai

  • International Management Institute, New Delhi

  • ICFAI Business School, Bangalore

  • ICFAI Business School, Ahmedabad

  • ICFAI Business School, Chennai

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