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Which One Is a Good Career Option, Financial Analyst or Commercial Banking?

Posted on by Imarticus Learning

Understanding Commercial Banking

Commercial banks specialise in providing services such as accepting deposits, providing business loans and also offer basic investment products which don’t need much investment guidance. Commercial banking is often a division of a big bank and sometimes it is a stand-alone special unit. The main difference between commercial banks and retail banks is that it majorly deals with corporates, medium & large sized businesses in addition to the general individuals.

Both private sector and public sector banks are included in the commercial banking category. The commercial banking performs a wide range of functions including accepting deposits, providing loans and credit services, credit creation, agency functions, etc. While providing credit to customers the commercial banks do not advance cash rather they create a deposit account for the borrowing party to withdraw funds. It helps to better channel the limited funds available at a bank.

Commercial banking careers are considered one of the most sought-after career roles and invite a lot of competition. The most prominent roles and positions offered at commercial banks include account manager, loan officers, sales associates, trust officers, branch managers, etc. The remuneration for commercial banking careers varies greatly depending upon your position and experience. One can get an entry-level role by completing graduation in a relevant field such as commerce, economics, mathematics, etc. Managerial roles require post-graduate degrees such as an MBA.

Role of a Financial Analyst

One of the primary responsibilities of a financial analyst is to conduct a financial analysis of businesses to paint a comprehensive financial picture of the organization. Financial analysts use tons of relevant financial data including the historical and current records to assess outcomes for business decisions and find profitable investment avenues. It helps companies to assess the feasibility of a particular project by predicting the future revenue and expense from the operation.
Financial analysts are required to have good quantitative acumen and analytical skills. Financial analysts use relevant financial data to help companies make important financial decisions. Financial analyst job roles are considered as a prestigious one and it often has very well defined roles and responsibilities providing a good work-life balance. The requirements for the role of financial analysts vary depending on the organisation and the exact position that you are offered.

There are multiple job roles that you can opt for depending upon your interest including equity analyst, treasury analyst, investment banking analyst, etc. The best course of action to get entry-level jobs as a financial analyst is to complete your graduation in a relevant discipline such as commerce, statistics, economics, etc. If you are already working at a job and want to advance your career as financial analysts, you can opt for financial analyst course by reputed institutions like Imarticus Learning that also provides job assurance with the top-notch companies in the field.

Which One You Should Choose?

Now that we know what both the job roles entail, choosing between a commercial banking and financial analyst career will be easier. It is a very subjective matter and requires personal evaluation. The very first thing to keep in mind while choosing a particular career option is your interest. Do you like interacting with customers or do you like working behind the scenes churning numbers? If you prefer the former then you should opt for a commercial banking career and if you choose the latter then financial analyst is a good fit for you.

The second most important thing to keep in mind while choosing your career is the skills you have. Your hard and soft skills combination plays an important role in finding out the most suitable career option for you. In a commercial banking career, you need to have excellent communication and sales skills, you should have a problem-solving approach and you should be customer-oriented. For the role of a financial analyst you need to be good with numbers and have a knack to trends and patterns, you should possess good analytical and presentation skills too. You can use these guidelines as parameters to find the most suitable career option for yourself.

Also Read: Difference Between Business Analyst & Financial Analyst

What Is the Pay Progression for a Career in Financial Analysis?

Posted on by Imarticus Learning

Financial analysis is important to predict the financial impact of any business decision. Financial analysts use business data to forecast and to decide the impact of any financial decision. They provide periodic reports to their clients which helps in keeping business in profit.

There are senior as well as junior roles in the financial analysis sector. Often, financial analysts work on a junior level and open a lot of job roles for them by their performance.

Let us see the pay progression for a career in financial analysis.

What is a Pay Progression?

A pay progression is an increase in wages/salary because of the upliftment of the job role. For example, a junior financial analyst moves on to a senior role and is provided a hike in salary. It is different from salaries increased due to inflation or bonus given to the employees by any particular firm/company. Pay progression does depend on individual performance and career growth.

Pay Progression for a Career in Financial Analysis
If you have joined a firm as a junior financial analyst, you will be working under a senior analyst. One can directly become a senior analyst if he/she has an advanced degree in finance and analysis. Many junior analysts work on junior roles and then leave to gather advanced degrees after gaining a little work experience. According to payscale.com, a junior analyst in the USA earns around $50,000 per year and according to surveys conducted by indeed, a senior financial analyst earns around $72,000 per year in the USA.

There are a lot of job roles in the financial analysis sector like financial advisers, financial managers, budget analysts, junior and senior analysts, etc.

Business Analyst Online TrainingThe upward mobility is quite high in the field of financial analysis and one can build a good career with his/her performance and results. One can work hard and can rise to good positions like the fund manager, chartered financial analyst, etc. which have high salaries.

The financial analyst course must help your clients to make better financial decisions. A good financial analyst helps a company/firm in avoiding those business decisions which could result in financial instability. The more profit you provide to your clients, your reputation as a financial analyst will grow and you can move to senior job roles quickly.

Career Path in Financial Analysis
The major job roles in terms of hierarchy from junior to senior job roles in the financial analysis which will give you an idea of pay progression in this field are as follows:

• Junior Financial Analyst is the basic step in the field of financial analysis. A junior financial analyst forecasts possible investment opportunities & analyses the business decisions and produces detailed financial reports.

• Senior Financial Analysts are the ones who have an advanced degree in the field of finance and have some work experience. They review financial reports and make recommendations.

• A director is one who has massive work experience in the field of finance. He has a team to guide and coordinates audits.

• Chief Financial Officer (CFO) is responsible for managing debt, equity, and financial forecasting. According to Investopedia, the average salary of a CFO in the USA is around $371,548 per year which is massive.

Conclusion
One has to perform well in terms of advice, reports given to his/her clients to grow his/her financial analysis career. There is a lot of upward mobility in this sector thus opening the path for a hike in salaries. One can take up financial analysis courses available on the internet via elite sources to boost his/her knowledge and to apply it in their job. This article was all about pay progression and career opportunities in the financial analysis sector.

How Do You Become a Financial Controller?

Posted on by Imarticus Learning

Are you great with number crunching and have excellent organizational skills, then this job should be what you are aiming at! A financial controller makes the most important decisions in the business with regard to the finances of the company. A trustworthy job as you will be handed the financial reins of the control of inflow and outflow of cash, you will definitely see the positive impact that your hard work will make on the company’s turnover and growth.

Some previous experience as an accountant or in a similar role of managing finance is a prerequisite to be considered for the job of a financial controller. The job demands a high level of knowledge, skill, dexterity, confidence, responsibility, and accountability. If this sounds like the path, you want to take read on to find out more about the roles and responsibilities, prerequisites, salary, hours of work and more.

What does a Financial Controller’s job entail? Are you cut out to embark on a career in that domain. Well as a financial controller you will be responsible for the accounting operations of the company and reporting to the Finance Director. Preparing financial reports, documenting accounts, corporate accounting, budgeting, forecasting- you will be involved in every aspect of the organization that remotely requires money.

You will be managing the financial transactions of a company right from accounts payable to payroll. Irrespective of which industry you work in- every company needs a Mathematics wizard to manage their finances and with an interest and a financial analyst course you could be on the right path to becoming a Financial Controller.

You could complete a finance or accounting degree for e.g., Bachelors in Commerce or Bachelors in Business Management with a specialization in finance which would take you about years. You could also earn a Master’s degree to have an added advantage. If you do not want to take the university route, you can learn by enrolling in a Financial Analyst certification course offered online.

Your employer may fund this for you while you train to become an accountant, and then you can work your way up the ladder. Financial Analysis courses in Hyderabad offer great study options for those who want to move progressively towards becoming a Financial Controller.

There is good news for those aiming to be Financial Controllers- it is a typical 9-5 job with weekends and bank holidays to yourself depending on the organization. Qualified financial controllers can earn anywhere between Rs 15,00,000 – Rs 35,00,000. The range could be higher depending on the size of the company and the experience of the candidate.

Once you gain a degree or even experience in accounting or a financial position, it is important to leverage your expertise and build your supervisory skills to become a Financial Controller. Being in control of finance means solving complex issues, dealing with pressurizing situations with an analytical mind. It is important to be exceptionally organised to meet deadlines and comply with regulations. Your primary responsibility will be to see the “bigger picture” and the financial health of the organization rather than just day-to-day numbers.

If you have your sights set on this role, then just get yourself a role in accounting or finance, get certified with a qualification, work hard and learn the ropes to prove yourself worthy of single-handedly managing the funds of a company.

What Are the Responsibilities of a Financial Analyst?

Posted on by Imarticus Learning

Data science has been playing a revolutionary role in the evolution of the banking and finance industry. Business decisions and future projections are no longer based on wild guesses and ambiguous assumptions. In the 21st century, businesses decisions are backed by relevant data that provides valuable insights. Now, the big question here is how will companies leverage data?

Well, the data science industry is fairly new and growing. To harness the power of data companies employ analysts who specialise in making sense of data. Financial decision-making for companies is very crucial and requires expertise in the domain. Financial analysts are employed by companies to help save fortunes and develop a strategic growth plan.

The increase in demand for financial analyst professionals has made it a lucrative career prospect for individuals. Financial analyst certification helps to establish credibility and increase the job prospects for individuals looking to work as financial analysts. Let’s jump into some of the major roles and responsibilities of a financial analyst.

Responsibilities of a Financial Analyst

Financial analysts play a crucial role in the functioning of an organisation. They help to discover real and valuable insights after conducting a thorough analysis of the data obtained from various sources. They help to identify valuable investment opportunities for companies and help them grow their business in new avenues after doing an in-depth cost-benefit analysis.

They are responsible for working with the accounts department to ensure accurate financial reporting. They are also responsible for performing market research and conducting data mining. Creating financial models like Mergers and Acquisitions (M&A) model, Leveraged Buyout (LBO) model, Discounted Cash Flow (DCF) model, etc. is also the part of their job role.

The role of a financial analyst also varies a great deal depending on the type of organisations they work at. The degree and scope of work also vary to a large extent on the size of the organisation. Financial analysts are primarily employed by insurance firms, banks, investment firms and KPOs. Most financial analysts prefer to work with investment, either for a buy-side investment firm or sell-side investment firm. The major responsibilities of financial analysts are listed below.

Collection and organisation of information

The first step to conduct any research work is to gather valuable and relevant data that can be used to achieve the desired objective. Financial analysts are responsible for the collection of relevant information and organisation of the data into presentable formats that can be easily understood by the stakeholders. These data might include accounting related information finance metrics, economic data, general stats, etc. These data are collecting using company database or third party providers like Bloomberg.

Analysis and Projections

The collection and organisation process is followed by conducting a thorough analysis to obtain valuable information regarding the company’s financial positioning. The historical performances are analysed after collecting relevant variables to the analysis process. These might include financial data such as inventory turnover ratio, year on year growth rates, liquidity ratio, an asset to liability ratio, profit margins (gross and net), etc.

After the analysis is conducted, the projections and predictions regarding the company’s future performance are made. Various projection methods including regression analysis, bottom-up bottom-down approach are used to predict future movements and take desired actions.

Developing recommendations

Building recommendations is a crucial responsibility of financial analysts. Collecting data and conducting analysis helps to identify the problems. The projections are related to unveiling future scenarios. The recommendations process is all about providing suggestions and coming up with solutions to tackle those problems. This might include finding new growth trajectories, identifying profitable investment opportunities, cutting down losses, etc.

Which Is Better, Becoming a Financial Analyst or a Data Scientist?

Posted on by Imarticus Learning

2020 is a year of opportunities for a lot many different fields and industries around the world. Although it has been a year of disarray, every difficult situation has always given rise to upliftment in certain industries, and this year is no different.

LinkedIn, which is the world’s number 1 job search portal, reported that in 2020, there was a 15% increase in the demand for financial analysts and a 25% increase in demand for data scientists. This data clearly shows that these two industries are booming in their own might and rightly so.

If you are planning for a job in either of these industries, in this article, we will draw a Let’s get started.

The Difference Between a Financial Analyst and a Data Scientist

One of the first and most important aspects to understand in this regard is the difference between both these job roles, so let us quickly take a look at the definitions of each.

Data Scientist

The role of a data scientist can be simply understood as being a professional who is responsible for analyzing, extracting and determining conclusions from the vast amount of data that is being collected by companies on a regular basis. The job role of a data scientist is to understand the data that is present and then determine business decisions, which will be most beneficial for the company both in terms of growth as well as profitability.

Financial Analyst

Now that you understand the role of a data scientist let us understand what a financial analyst does.

A financial analyst can be understood as a professional who analyses the financial information of a company and then takes decisions on the way forward so that the company can either increase their profit or take better decisions on their overall growth. The job of a financial analyst is to consider all the verticals that affect the financial health of a company and then determine if the company is making sound progress, or if it should make better decisions on the way forward.

Requirements for Each Career

One of the most fascinating aspects of both these careers is the fact that neither of them imposes hard and fast rules on the educational qualification you need to obtain to pursue these careers. Unlike other professions such as lawyers and doctors which mandate you to pass either the bar or the medical boards, these professions embrace all standard college degrees and put more emphasis on the skills a professional has.

Depending on the amount of competition each of these job roles have in the geographical location of your choice, the criteria for getting hired and the skills you need to acquire keep changing, and thus it is always a good measure to assess the demands of the employer before you proceed.

Conclusion

If you are looking for a career choice that embraces ambitious professionals like you and offers a lifestyle that is competitive, then both these career choices will be well suited for you. Along with this, both these career options offer high pay and other perks across the board, and thus you can be sure to get properly reimbursed for your job.

The choice between choosing either options comes down to you. If you fancy only financial data, choose online Finance course or if you want to work with a variety of data sets, choose the other.

Also Read: Difference Between Financial Analyst & Business Analyst

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

How Is It Working at Amazon as a Financial Analyst in India?

Posted on by Imarticus Learning

Role of a financial analyst

In the contemporary digital era, data is the fuel for businesses. Any important decision-making needs to be backed by relevant data. Data science has helped businesses to obtain valuable insights from tons of relevant data. It also helps to discover trends and patterns that could influence the profitability and revenue of an organization. Financial analysts are people who utilize historical and present financial data to analyze information and make sense of numbers.

The primary role of a financial analyst in any organization is to help discover hidden trends and patterns from the data sets, they also help to analyze important financial statements and find out any anomalies that could help discover potential threats for the business. Financial analysts are also responsible for finding out the most profitable investment opportunities for organizations so that the limited resources can be put to good use.

Data collection, financial modeling course, and spreadsheet maintenance are some of the primary responsibilities of a financial analyst.

The exact set of responsibilities might differ depending upon the firm you are working at. The financial analyst career has become widely popular and is one of the preferred choices by those who want to get into the financial services industry.

The demands for financial analysts course in India are on the rise owing to the relevance of the role of businesses. One can opt for a financial analyst course by reputed institutions such as Imarticus Learning that also provides job opportunities along with practical knowledge and skills.

Financial analyst career at Amazon

Amazon is one of the fastest-growing companies in the world; it is the industry leader in the e-commerce segment. Amazon is one of the most reputed organisations in India which also has a very lucrative remuneration system for its employees. Working as a financial analyst at Amazon is like a dream come true for many who are interested in this job role. Let’s delve deeper into how it is working as a financial analyst at Amazon India.

There is no doubt that Amazon has one of the best remuneration structures for its employees who are working in the capacity of a financial analyst. However, the exact working experience is very subjective and people have a mixed opinion about the work-life balance and the work culture. After going through the reviews of Amazon employees on popular job platforms it was found that Amazon is a fun place to work at and provides a lot of opportunities for those who have a learning mind-set.

Amazon provides a pleasant atmosphere to work at and management is quick to assist employees on all steps of the way making it easier for them to concentrate on their primary responsibilities. A senior financial analyst mentions that it’s always day one at Amazon’.

Most employees felt that amazon is a very customer-centric organization that believes in providing the best customer service and maximum customer satisfaction. The customer-centric approach of Amazon is what makes it best in the business and second to none. ‘Work hard and have fun’, that’s the code by which most employees work at Amazon.

Another senior financial analyst at Amazon India mentions that Amazon provides a very relaxed work environment and allows you to be yourself. The rigid work-culture can surely cause burnout and Amazon realises the importance of providing a relaxed work environment to its employees. Another employee working in the capacity of a senior financial analyst says that working at Amazon is both productive and fun. In aggregate, it is fair to say that working as a financial analyst at Amazon India provides you with freedom, work-life balance and fun in addition to good remuneration.

Also Read: What are the Benefits of Being Financial Analyst

What’s the Difference Between an Equity Analyst, Financial Analyst, and Financial Advisor

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The demand for analysts is growing more than ever nowadays because a lot of firms/companies are realizing the importance of data analysis. Modern tools and technologies are also making analysis easier. There are different types of analysts like equity analysts, budget analysts, Financial analysts, etc. All have various specified job roles. In the field of finance, there are many professionals, let us see the difference between an equity analyst, Financial analyst, and a financial advisor by comparing their job descriptions & roles.

Equity Analyst

An equity analyst can be hired by an investment bank, brokerage firms, money managing firms, etc. Their job is to manage and analyse stock portfolios in such a way that it results in profit. Equity analysts also analyse and build financial models. Their research helps in stock recommendations to their clients. They do market research by reading news, making predictions, talking to clients, etc. They recommend their clients about selling, buying, or holding equity.

They are well aware of the market conditions and know when the right time to do make a financial decision is. There are two types of equity analysts that are Buy-side & Sell-side analysts. Buy-side equity analysts work with mutual fund firms, financial advisory firms, etc. and help in researching portfolios and making recommendations on whether to buy or sell equity. Sell-side equity analysts work with big investment firms/banks and try to find potential profit opportunities.

Financial analyst

A Financial analyst is also hired by investment banks, big firms, etc. and are responsible for assisting their clients in making better financial decisions. They are not fully involved in portfolio management like equity analysts, they have to analyse and build financial strategies. They make sure that any financial decision results in the growth of the business. Risk identification & management is also the job of a financial analyst where he/she tries to minimise the financial vulnerability of any particular financial decision.

Data analysis is a must required skill in a financial analyst and he/she should also be able to communicate the financial strategies to his/her co-workers/superiors. A Financial analyst is an expert in reading and analysing financial statements and can also perform budget analysis. However, some firms hire analysts only for budget analysis purpose but it can be done by a Financial analyst too. Financial forecasting is also done by a Financial analyst where he/she predicts trends and opportunities.

Financial Advisor

A financial advisor can work as a freelancer or for any firm/company. A financial advisor helps his/her clients by assisting them with investment opportunities, selling, or buying resources. They are well informed about the market condition and current opportunities in the market. One does not need to have excellent numerology & mathematics skills as compared to equity analysts and Financial analysts. A financial advisor should be good with people and good in analysing market trends.

A financial advisor has good communication skills and he understands the client’s needs and then does market research based on his/her client’s needs. A client who doesn’t know about the financial rules & regulations seeks help from a financial advisor who makes sure that all the rules & regulations are followed. The working culture of a financial advisor is also very good and one can earn a lot in this sector.

Conclusion

A lot of companies are hiring analysts for different roles because of the emergence of new-age technologies & tools which are making analytics easier and more accurate. You can learn about the skills required in these sectors by taking up a financial analyst course or certification courses available on the internet. This was all about the difference between an equity analyst, a Financial analyst, and a financial advisor.

Also Read: Difference Between Financial Analyst & Business Analyst

Financial analysis Software Market 2020

Posted on by Imarticus Learning

Financial analysis software is used by companies/firms to track their financial process. It is used to measure the Financial KPIs (Key Performance Indicator) which signifies the profit/revenue-generating capacity of any particular firm/company. These software help companies in planning their company’s future and business model. In this era, cloud-based or web-based software available for Financial analysis is in heavy demand. Companies ranging from large enterprises to SMEs (Small & Medium Enterprises) use the software available in the market. Let us see about the current market condition of Financial analysis software and the market trends.

Financial analysis Software Market Overview

The global financial analytics market will reach up to USD 15.21 billion by 2025. A lot of revenue is generated by the Financial analysis software developing companies like Oracle, IBM, Microsoft, etc. Companies shift toward software from the traditional Financial analysis approach to improve financial performance, to monitor risk, to improve the accuracy of financial decisions, for cost management, etc. While using traditional analysis approach or feeding your financial statements in excel/spreadsheet, any individual will find it tedious.
These days, companies/firms replace the traditional Financial analysis methods with software that helps in planning, budgeting, forecasting, risk analysis & management. Options like data recovery and automation processes are luring companies to use Financial analysis software. There is a lot of opportunity in the Financial analysis software market in the upcoming years as the globe is seeing technological advancements.

How Financial analysis software is in demand in 2020?

The plus points of Financial analysis software which increase its demand are as follows:

  • The era of AI (Artificial Intelligence) & Machine Learning have fuelled the growth of Financial analysis software. They help in automation and forecasting.
  • Using a dedicated software will help in increasing the accuracy in financial statements of any particular firm. It will also help in storing business information centrally.
  • Strong security measures are there in the Financial analysis software with features like fault tolerance and data recovery.
  • Help in monitoring the company’s performance in terms of generating revenue/profit. It also helps in seeing whether the firm is meeting its goal or not.
  • It helps in comparative analysis and building future strategies.
  • The loss generating assets/deals can be identified with the help of Financial analysis software. Risk analysis and management can be done easily.
  • Cloud-based solutions for Financial analysis can perform analytics on huge chunks of data. These solutions provide business agility and help in collaboration between partners/firms.

How to get into the Financial analysis Software Market?

One can create a Financial analysis software if he has sound programming skills. Famous Financial analysis software SAS is written in C, MATLAB is written in C, C++. One needs to have strong computation skills and a good problem-solving approach to develop financial models. Your software must have models that can predict the growth patterns and trends. Companies and firms are preferring the software because of its ability to various works like Business valuation, Financial performance monitoring, etc. simply and accurately. You have to be familiar with the basics of Financial analysis before joining this market. You can learn from the Financial analysis courses available on the internet. You should be good in economics, finance, numerology, etc. to make and understand financial models which can be used by companies to plan their business structure.

What is a Financial Analyst Course?

Posted on by Imarticus Learning

The banking and financial services industry has been growing at an unprecedented scale. As we move further in the digital age, the need for data science is indispensable no matter what field you are in. This requires financial institutions and businesses to have financial analyst professionals who can analyze complex financial and market data to derive insights from seemingly irrelevant information in company databases. Before jumping over to what a financial analyst course entails let’s delve deeper into the role and functioning of a financial analyst.

Role of a Financial Analyst

Financial analysts play a crucial role in the functioning of any business enterprises and especially for big financial institutions. At the core of financial analysts, the role is dealing with tons of data to obtain valuable insights that will help corporations to grow and increase their profitability. The role of a financial analyst requires a diverse skill set as you are responsible for multitasking and juggling between multiple things at once.

The role also varies depending upon the organization and your experience level. The junior-level analysts are mostly required to gather a large amount of data that could be processed to identify trends & patterns and draw valuable insights. In addition to this, the junior analysts are also required to maintain the spreadsheet and do financial modeling.

The role of the senior-level financial analyst is more important and it requires them to identify profitable investment avenues, financial challenges and interact with various stakeholders to the company. They are required to provide solutions to the challenges identified during the analysis and create strategies to tackle future problems that might arise depending upon the market circumstances

The day to day activities performed by financial analysts require them to perform financial forecasting, operational metric tracking, build financial data, analyse financial models, identify trends & patterns. They are required to work closely with the accounting team so that accurate financial reporting is maintained. In addition to all this, financial analysts are also required to perform cost analysis, data mining, market research, etc.

Becoming a financial analyst

The financial analyst career is very rewarding and invites a lot of competition. Those who want to build a successful career in the field of finance can definitely try for a financial analyst position. Becoming a financial analyst is not as easy as the role demands you to focus on multiple aspects of the business that have a financial impact. It requires you to have good quantitative acumen and analytical skills to analyse tons of data on a daily basis.

If you are still in the early stages of your career, you can opt for graduation in finance, economics or commerce stream to have an edge over the competition when it comes to getting an entry-level job as a financial analyst. If you are planning for a more senior position you can opt for an MBA in finance or specializations like Chartered Financial Analyst to stand out from the crowd.
A financial analyst course will also help to obtain an edge over the competition as it provides a comprehensive understanding of finance and imparts you with practical skills needed in the job. In addition to this, these courses also train you on other aspects of the job that will improve your overall functioning and add to your skill sets. The financial analyst courses also provide you with training assistance from industry experts.

Financial analyst courses are also great for working professionals who can’t dedicate a large amount of time to study the financial markets with their work. The financial analyst courses are succinct and to the point, it only combines relevant information needed to succeed as a financial analyst.

We offer financial analyst courses at our centers in Mumbai, Thane, Pune, Ahmedabad, Delhi.

Also Read: Best Course For Financial Analyst in India