Planning to become a financial analyst? But do you know what it takes to become a financial analyst? Though a guaranteed career full of promises awaits a financial analyst, it is important to know how and where to begin. If you can make a sure-footed entry into the industry, you can be sure for the rest of your life. In this article, we will see how you can make a successful career by enrolling in an appropriate financial analyst course.
What Does a Financial Analyst Do?
In simple words, a financial analyst analyses the finances for internal or external clients. He advises on how and where to best invest money. A financial analyst is also known as a securities analyst, equity analyst, research analyst and investment analyst. It is also the duty of a financial analyst to write financial reports, analyse technical charts and tactically evaluate the financial market. Often times the job of a financial analyst is compared to that of a financial planner. It is true that there is a lot of similarity between both and there are times when both work in close coordination so as to take better investment decisions.
It is often also the job of a financial analyst to prepare financial statements, audit accounts and assess taxes. The expertise of a financial analyst is also used in cost accountancy. Many times financial analysts are hired for special company work, to investigate and ascertain financial position of a business house etc. Financial analysts can also find themselves useful in secretarial work, account management and share valuation.
Choosing the Right Course
The first step towards becoming a financial analyst is to enrol in a MBA course majoring in finance. Of course, prior to this, you must have a solid background in finance. Many schools nowadays offer business management and mercantile courses in the higher secondary level. Taking these courses in the early years helps in the long run. It is also important that you are naturally included towards numbers, finances – basically towards mathematics. Thorough knowledge of accounting is also important. When you enrol in finance analyst courses, you also have to be good with logical reasoning.
Getting admission in a reputed MBA college in Delhi will ensure that you are taught by the best in the industry. It will also guarantee that the syllabus is up-to-date. Internships, extra-curricular activities, field trips are also part of such programs.
Job Prospects
Once your financial analyst course is complete, opportunities will simply be knocking at your doorstep. You will get job offers from insurance companies, securities firm, banks, mutual funds, etc. Since the primary job of a financial analyst is to help clients with their investment, the job opportunities are simply innumerable. If you do not want to work under someone, you can also start your own consultancy firm independently. Even as a consultant, you can create a sound customer base and earn a good income.
A career in financial analysis is perfect for someone who has a natural knack for accounts. If you think you have it in you, enrol in some financial courses now!