Last updated on July 3rd, 2020 at 06:40 pm
Financial Analyst, this position is popularly becoming the most sought after job in the market these days. This holds true with a survey conducted by the U.S Bureau of Labor in the year 2014, wherein the statistics predicted that there would be a 12% growth in the number of financial analyst jobs, in the decade spanning the years 2014-2024. That is way faster when compared to the average growth rates of the other, regular jobs.
One of the major reasons would probably be that as the time passes, business decisions grow complex in terms of logistics and finances. Which is why these days we see most of the firms looking for experts who will be able to forecast everything about the company’s finances: where the money is coming in from in the present day and predict where it would come from in the future. The next step by these experts is to assist managers in taking all investment related decisions. These experts or financial analyst as we know them, are individuals possessing top-notch decision-making skills and are excellent at contributing to specific business related strategies on the overall level.
As these professionals provide solutions that are entirely data based, they are able to predict and interpret reports and forecast and transform them into easy to understand language. This is one of the reasons why almost every company and firm out there requires a financial analyst to manage their finance book and keep a stringent lookout on the bottom line. Financial Analysts are supposed to improve the efficiency of the company, save its time and money and basically do everything in their power to advance the growth and development of the same. As mentioned earlier, the need for these professionals is technically widespread, for instance, a technology related company would need an analyst, in the similar vein that an insurance company would.
The global economy has been experiencing uncertainty in the recent times. Thus, it is obvious when companies would be seeking out professionals who are more attuned to unconventional means to being in growth and development. HR Managers have been on the lookout for individuals with a specialty to identify opportunities for increasing businesses and turn financial data into solid business recommendations. One of the other reasons for the increasing popularity of freshers in the employment sphere could be chalked up to the fact that baby boomers have finally decided to quit. Baby boomers is a more colloquial term for those professionals who are extremely experienced and have been in the industry for quite a while. With more and more positions becoming vacant, either because of people getting retired or because of them getting promoted, it is a sure shot possibility of increasing demand of companies for seeking out new financial analyst candidates.
As this profession does exhibit quite a lot of demand, it is not mere coincidence that more and more finance aspirants have begun to think of a career in this field. This is also why candidates approach Imarticus Learning for their various certification courses in the field of Finance.
Liked this blog? Try reading these as well:
What is the Best Course for Financial Analysts in India?
How Does A Business Analyst Differ From A Financial Analyst?
5 Myths about Financial Analysts
