A financial analyst is someone who looks at money information and gives ideas. They guess what might happen in the future, and suggest things to help people or groups. So they make good choices about money.
Financial analysts have a lot of important jobs to do! They look at financial statements to see how well a company is doing. They figure out how risky it is to invest money in that company. They use special tools to make predictions about how much money a company might make in the future.
They help decide if it’s a good idea to invest in that company or not. They also give advice about what to do when companies want to join together. And make other big financial changes.
There are lots of different types of financial analysts. Each with different jobs and specializations in the big field of financial analysis. Areas like investment banking, corporate finance, asset management, and financial planning. They can work in places like investment banks, brokerage firms, and insurance companies. Also in mutual funds, hedge funds, or other places related to finance. They can also work in companies, government agencies, or organizations that are not-for-profit.
Dreaming of this kind of career. You need to hold at least a first degree in finance, accounting, economics, or commerce. there is room to further a master’s degree. Such as finance or business administration and Ph.D. As some employers need this. Holding professional certifications such as the Chartered Financial Analyst (CFA) designation.
To become a financial analyst, you need to be good at math and be able to think about things. You also need to be good at talking to people. Because you will be telling clients who make decisions what you have found out and what they should do. A good financial analyst is very careful and organized and can work to get things done on time. They can work by themselves or with other people. They always do the right thing and are very honest.