"According to research, the CFA designation is internationally recognized, allowing Indian CFAs to pursue opportunities abroad with competitive salaries ranging from $50,000 to $100,000 annually."
Among the most rewarding careers that BCom students may pursue is becoming a financial analyst. In the current century, demand is increasing worldwide, and it has been the case that more and more students are seeking to and working professionals do this question as to whether the career of being a financial analyst is good. The answer is simply yes because in today's context, providing the right investment and guiding the trend as well as risk of market is an integral role of a financial analyst with a business enterprise.
This is because the career path of a financial analyst opens many doors to many opportunities in investment banking, portfolio management and credit research among many others. With a better-paying job in prospect, the book proceeds to explain how one becomes a financial analyst, what kind of skills one needs to have, job profiles in that field as well as getting a CFA certification that would give future students a competitive edge in their search for a better-paying job.
What Does a Financial Analyst Do?
Review of financial data, provision of investment advice and analyzing economic trends that are useful to businesses as well as to investors while at their choices forms part of work of a financial analyst. Such a role yields analytical ability, banking education, and financial modeling insight.
Key Responsibilities of a Financial Analyst
- Examining and examining financial statements alongside the performance of corporations
- More research into the industries and also conducting market analysis
- Design of the financial models and forecast
- Investments review
- Corporations Risk and capital budgeting advisory.
- Asset allocation to firms
Is Financial Analyst a Good Career?
Yes. Careers in financial analysis open the doors to good job opportunities, higher returns, and scope for expansion. Here is why.
- Highly in-demand profession: Corporations of all industries are looking for financial analysts to help them make strategic decisions.
- Good salary: The basic analysts earn between ₹6-10 LPA, while the senior ones go up to ₹20 LPA.
- Career progression: Financial analysts can move on to investment banking, portfolio manager, and Chief Financial Officer after experience.
- International Exposure: With CFA certification, professionals can work abroad in financial centers like London, New York, and Singapore.
Career Options After BCom in Financial Analysis
After finance analysis study, a student of BCom can opt for any of the following career choices. Here are some of the most in-demand ones:
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Financial Analyst
Job: Researching in finance, opportunity for investment and supporting the decisions
Salary: ₹6-12 LPA
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Equity Research Analyst
Job: Studying stock markets and offering suggestions for investment
Salary: ₹7-15 LPA
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Investment Banker
Job: Advisory services of investment, merger and acquisition services offered by corporate and government houses
Salary: ₹10-30 LPA
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Portfolio Manager
Job: Portfolios of the clients and other institutions
Salary: ₹15-40 LPA
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Credit Analyst
Job: Credit rating of corporates and individuals.
Salary: ₹5-12 LPA
How Does the CFA Course Help in a Financial Analyst Career Path?
Benefits of the CFA Course
CFA is a globally renowned certification that upgrades knowledge in finance as well as prospects for a job.
DURATION: It is 6 months for every level.
Learned Format: Through live classes, online mode.
Key Takeaway:
High financial, investments, and ethical understanding.
Career prospects in International Finance.
Higher wage potential with salary up to ₹20+ LPA.
Industry's reputation and recognitions.
Why Choose CFA with Imarticus Learning?
- Money-Back Gurantee: The students get refund if they did not clear CFA (subject to T and Cs).
- Schweser Kaplan Study Resource: Global Benchmarking study materials.
- Faculty : Chartered people with industry experiences.
- Dual teacher model: All one-to-one student support coupled with live session.
- Placement support: Resume Preparation, Mock round, Mentor guidance.
- What is a career path for a financial analyst?
A career path from entry-level to senior analyst and then finally lead positions such as portfolio manager or CFO.
- Is financial analyst a good career option after BCom?
Yes, financial analysis is amongst the highest class of careers according to BCom as this industry offers the scope of higher growth and an International career.
- Benefits to financial analysts from CFA course training?
The CFA course brings out exclusive knowledge a financial analyst should have in the fields of finance model, portfolio management, and investment analysis. Hence candidates would have chances that are more competitive.
- Is it possible to be a financial analyst without taking the CFA?
Yes. Holding a CFA would significantly improve one's job prospects. It would increase the credibility of a candidate and also salary expectations.
- What industries employ a service of a financial analyst?
A financial analyst is hired by investment banking, corporate finance, asset management, and consultancy firms.
- How much is the salary scale of a financial analyst in India?
The entry-level analysts get around ₹ 6 - ₹10 LPA, and experienced ones get ₹20+ LPA
- What skills must a financial analyst require?
Key Skills:
- Financial modeling
- Analytical thinking
- Investment research
- Risk assessment
- Financial statement analysis
- What is the future scope of the financial analysts in India?
Indian economy is growing; therefore, currently, industries mostly require financial analysts. The profession is good in this regard as it provides stability and fulfills the aim of a person.
Conclusion
It is considered to be one of the best options for BCom graduates as they look to opt for a high growth career in finance. It's quite crucial in today's economy because the financial analyst is an important figure that helps businesses and investors in making strategic financial decisions.
With the numerous subsequent careers that abound from BCom, financial analysis will be one that opens an entrance to being part of professions involving equity research, investment banking, or maybe portfolio management, etc. Adding even more skill by taking the course for the charter CFA might enhance opportunities as it also serves as internationally recognized charter bringing with it an opportunity for further rankings within an internationally based organization.
Be it a fresher or looking for a challenge from a working professional, making a career into finance as financial analysts will help take you straight into a solid and rewarding job. So register today with the CFA program for starting a path through finance.
Take control over your finance! Get enrolled under Chartered Financial Analyst course via Imarticus Learning and kick-open doors globally.
