Why should you think about a career in Financial Analysis?
Be a world leader! Understand the economic conditions change the course of a business, sector, industry or company. Become the catalyst for change. Your decisions could change the way companies profit, forecast the next big revolution in the market.
Let us examine how financial analysis is a lucrative career option.
What’s the role of a Financial Analyst?
Financial analysis can be elaborately defined as an assessment on how effective are the investments or funds engaged by the organisation or business, to check the efficiency of funds used for operations, and lastly to secure debtors and claims against the business’s assets.
A financial analyst takes informed investment decisions by analysing the market trends based on the economic conditions and the industry. He’s also expected to be updated with the latest developments in the economic policies and monitor the economy closely to determine their effects on business.
What are the prerequisites to be a Financial Analyst?
To be a Financial Analyst, you are required to have a bachelor’s degree in any stream. A major in Accounting, Economics or Statistics gives you an edge over others. However, almost all the companies have a dedicated training period wherein the employees are prepared to handle the work.
A financial modelling course will give you all the tools to kickstart your career in financial analysis. If you want to further your career aspirations, you might want to consider an MBA in Finance. Moreover, a certification in CFA will add more feathers to your cap, making you more appealing to the potential employers.
The Prodegree program in Financial Analysis offered in association with KPMG, is designed to give you a comprehensive understanding of integral subjects such as Accounting, Financial Modelling, Valuation and Equity research helping you build a career in any of the numerous roles within Investment Banking, Private Equity and Corporate Finance.
How much will I make as a Financial Analyst?
The median salary of a financial analyst is $80,310 according to the BLS whereas another study says that the typical average salary of a financial analyst is $84,500 annually. On the other hand, with substantial expertise, one can earn more than $160,000. Successful financial analysts can become senior financial analysts and even associates in three years within a firm.
However, some financial analysts work predominantly on a commission basis which means that their earnings will totally depend upon their performance in the market.
What is the market demand?
The BLS predicts that a financial analyst will have a career growth well above average. It is estimated that the market will expand by 12% between 2014 and 2024.
Financial analysts also have career openings in consulting. They are highly coveted by insurance companies, investment banks on the buy-side as well as sell-side. This expands their income opportunities and enables them to work for themselves instead of for others. They may consult with firms based on a project requirement or keep up full-time duties, depending upon the circumstance.
Now that you have all the information you need, it’s time to take the next step to become a pro financial analyst and make an informed decision. Get certified in financial modelling now and to give your career a major boost! Click here for more information.
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