A Stock Analyst is an individual responsible for analyzing the organization's investment, advice recommendations, and track investment data. The nature of such investments varies from company to company.
Some essential tasks performed by a stock analyst are using data analysis to predict gains & earnings of the organization, advising clients on the management of transactions, &providing support to senior stock analysts.
Types of Stock Analysts:
There are two types of stock analysts:
Buy-Side Analysts: These stock analysts work together with the fund managers at mutual fund brokers and financial firms.
Sell-Side Analysts: This type of stock analyst works for giant investment banks. The roles of both types of stock analysts will depend on the type of industry they are working in.
Aspirants to make a career in analyzing the stock market can look upon job roles like stock analysts. However, they must possess strong quantitative and analytical skills to work like mutual fund professionals. Stock analysts are generally hired by banks, insurance companies, stock-broking firms, and mutual funds companies.
What do Stock analysts do?
- Recommend investments & collection of investments, otherwise known as portfolios
- Evaluate historical & current financial data
- Study market economics & business trends
- Examine organization’s financial statements to determine the value
- Meet company officials to advance better into the company’s prospects
- Assess the strength of company management
- Prepare annual reports
Stock analyst's courses explore employment opportunities in investment banks, mutual funds, stock-broking firms, pension funds, insurance companies, and many other businesses.
Important Qualities for a Stock Analyst
Stock analysts must have strong analytical & quantitative skills, problem-solving ability and, be passionate about the markets. Like financial advisors or stockbrokers constantly track the market's pulse for a change in trends, stock analysts study investment data to withdraw accurate conclusions from this data.
Stock or equity analyst is required to explain their findings and recommendation to others. For this, they must have excellent presentation skills, self-confidence, maturity, and an ability to work alone.
A stock analyst must possess solid attention to detail, a knack for research, a deep understanding of money markets, tax laws, and the economy in a general sense. Additionally, they must possess people skills and salesmanship as an essential quality to be a stock analyst.
The aspirants should be well-equipped with warning signs of poor future performance and related abnormalities in a company’s earnings statement. They must also have an understanding of fundamental accounting principles, macroeconomic and microeconomic functions.
Eligibility & Courses for Financial Analyst
However, a bachelor’s degree is the bare minimum qualification to start work as a professional in the field. Individual firms hiring professionals are free to set any standards.
The eligibility to enter this field is an MBA. You can choose MBA online finance courses or MBA in financial analyst courses. Some students prefer entering the industry after a chartered financial analyst course (CFA).
Advance With Imarticus Learning:
If you wish to advance your career in financial analytics and start as a stock analyst, Prodegree from Imarticus Learning prepares you on the basics of financial analytics, accounting, business, and economics.
The course prepares you for an important role in the Fintech industry, with practical data and financial analytics knowledge. A financial analyst course is an initial step into the journey of the world of big data.
Imarticus Learning empowers students with Financial Analysis Prodegree (FAP), tailored by experts professionally that teaches students to use practical data analytics applications. The financial analytics course syllabus comprises theoretical and practical knowledge through workshops with industry experts. The 100% placement assistance from Imarticus Learning is an added value for students.