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Day: October 23, 2020

What is the Job of a Financial Analyst?

Posted on by Imarticus Learning

Financial Analysis is a broad field and one can find a plethora of job titles and career paths to choose from. While the role of an analyst is a demanding job, it is not quite easy to break into the financial industry services. Scroll on to know more about a Financial Analyst course.

So What Does a Financial Analyst Do?

A financial analyst is responsible for gathering data, analyzing results, recognizing financial opportunities for the business, and recommending suitable outcomes of how various business decisions will help the financial status of the organization.

Let us understand in detail what is the role of a financial analyst in the Finance Industry.

  • A Financial Analyst keeps a record of current and past financial data to draw conclusions and identify the various trends. They need to collect various data like historical financial reports, stock price information, statistics data, accounting data from the general ledger, or any other type of quantitative data.
  • After collecting the data, they generate reports based on the information collected and provide insights for the various business decisions. An analyst needs to be very good at working on Excel as well. They need to take care of organizing the data, cleaning it up, and presenting it in a sensible format.
  • Once the data is organized, it’s time for Analysts to analyze the various reports and draw conclusions from the information generated.
  • They need to constantly communicate with the management team to produce long-term commercial goals.
  • A good financial analyst is not only good with numbers but also has to regularly suggest budgets and improvements based on the financial information generated that will help in the successful running of the company. This may include cutting off excess costs, increasing market share, considering ways of improving customer satisfaction, etc.
  • Financial Analysts must always be on the lookout for new investment opportunities.
  • Along with preparing useful data, a financial analyst must also be good at presenting the data in an understandable format to the other teams.
  • Financial Analysts are responsible for developing financial models and forecasts that help the organization to identify the expected future results. Analysts use several forecasting methods that help the company to predict how their business will perform in the future.
  • Investment Banking Analyst, Equity Research Analyst, Financial Planning Analyst, Corporate Development Analyst, Private Equity Analyst, and Treasury Analyst are some of the most common types of Analyst Positions in the Finance Industry.

What to expect on the job as a Financial Analyst

You can be a successful Jr. Analyst if you can quickly adapt to making efficient use of spreadsheets, databases, precise PowerPoint presentations, and other essential tools and Softwares for analysis. Senior analysts, however, need to have much more skills to be successful in the field. They need to dedicate long working hours, be able to mentor the junior analysts, form strong interpersonal relations with their seniors and other teams, and also need to have good presentation skills.

Financial Job Analyst job outlook

A job as a Financial Analyst offers a plethora of job opportunities along with a promising career. As the overall economic activity in the country is growing, so is the need for financial analysts. With the increase in organizations and expansion of businesses, the need to recognize and evaluate new investment opportunities will also increase. The need for analysts experienced in identifying new markets with investment opportunities in various geographic locations is very much in demand.

Also Read: What is Financial Analyst Course

Why is Agile Training Important?

Posted on by Imarticus Learning

The innovations and developments in various sectors are increasing rapidly. The sectors themselves are becoming more dynamic. This trend doesn’t seem to subside and to stay competitive and efficient, industries and organizations are moving towards agile methodology and agile project management. Not only software industries but other sectors are also following different steps to implement agile. Therefore, agile training is important if you want to understand how agile works.

What is Agile?

Previous standard project methodologies like waterfall used to be static models where the product working model is revealed late during the life cycle. Unlike previous project management methodologies, Agile is result-focused, dynamic, and looks for continuous iteration. The agile methodology looks for adaptive planning, short delivery times, planning, and flexibility. Agile eases the process of collaboration and there is a continuous feedback loop that makes the project development very dynamic and efficient. To achieve this efficiency, agile methodology follows a specific set of processes.

How does Agile work?

Agile stresses on placing at most importance on delivering work projects incrementally and iteratively with a constant presence of stakeholders end to end. To achieve this, there are processes such as scrum, sprint, Kanban, etc.
Client/Company/Employer following agile follow a certain procedure:

  1. Feature/List Creation
  2. Requirement of features
  3. Estimation of the time taken for completion of each task or feature
  4. Prioritization
  5. Execution
  6. Updating/Iteration of the tasks

Sprint: A sprint is a set period where we need to meet a set goal. The sprint follows the above procedure. These sprints gets reiterative till the product becomes satisfactory and feature-rich. The sprint system gives developers the power to decide the tasks in that sprint

Scrum: Scrum is the structured process of organizing a team to reach a common goal. Scrum consists of daily meetings and in these meetings, they discuss and sort out various steps like Backlog, how long a task will take, what is to be completed.

Benefits of Going Agile:

Going agile gives companies leverage to become more efficient. Some of the benefits being:

  1. Higher productivity: Agile is highly collaborative and due to stringent deadlines and daily check-up, the productivity increases.
  2. Better quality: Due to its iterative nature, the quality maintained is higher.
  3. Cost savings: As the stakeholders are present from the get-go, there will be no last-minute escalations which help in cost savings
  4. Stakeholders satisfaction: Due to their constant presence and feedback, there will never be any parity between expected results and executed results.
  5. Faster time to market: The minimum viable product can be delivered in a short period than previous project management methodologies

Company adaptation:

  • Agile is being rapidly adopted by many renowned companies
  • Nearly 71% of companies already use Agile methodology
  • 98% of companies are happy with the adoption of Agile
  • Availability of various software to manage agile is also a reason for the high adaption rate and agile is a norm
  • The Agile adoption success rate is 42%, while the Waterfall success rate is 26%.

Importance of Agile Training:

Agile training has become important due to the dynamic movement of the sector. Stakeholders want more hands-on experience with their project and choosing agile has become the norm and an ideal scenario for the majority of the companies. Agile training is essential as these companies prefer an employee/executive who is familiar with the process and who can jump into the project development.

Conclusion:
Training in Agile methodologies gives the employee an upper hand during the selection process/interviews. Agile improves the job scope and also increases the number of opportunities available for an employee. Agile training and certification will give a great boost to the candidate.

Also Read: Who Can Do Agile Certification