Question

Tell me why your looking towards a new job as a financial analyst?

Please be detailed?

Answer 1

Picking up any job requires you to have an area of interest. If you have a head for numbers, you might want to pursue a career as a financial analyst. Financial analyst track stocks, bonds, equities, and other financial instruments and make recommendations based on their research, often working for banks, investment houses, stock brokerages, insurance agencies, and similar institutions.

What ideally does a Financial Analyst job looks like?

A Financial analyst usually track stocks, bonds, equities, and other financial instruments and make recommendations based on their research, often working for banks, investment houses, stock brokerages, insurance agencies, and similar institutions

Outside of investments, some financial analysts make observations and recommendations for a company's solvency. By analyzing financial documents and the current market, the analyst can help the business make critical decisions in terms of merchandising, budgeting, and forecasting.

· Few of the key responsibilities as an financial analyst may include:

· Understanding and tracking both the macro- and micro-economy

· Creating buy-side or sell-side recommendations for investments

· Meeting executives and management teams to discuss investment strategies

· Generating revenue by facilitating trades

· Seeking information from third parties about the health or future of an investment vehicle

· Executing trades on behalf of the employer or third parties, depending on the position

· Inventing creative and lucrative approaches to buy-sell strategies

· Becoming an expert on a particular sector or industry for investment purposes

Work Environment

Financial analysts usually have responsibility for the financial performance of an investment or corporate firm. Consequently, this is a high-stress job that requires fast decision making and utmost confidence. Most financial analysts work in typical corporate offices. They often spend considerable time on the phone calling experts, other analysts, and prospective trading partners.

Some financial analysts also travel to meet with investment bankers, HNI executives, and other professionals in the industry.

Schedule

Approximately one-third of financial analysts work more than 40 hours every week.

Education

A financial analyst needs a minimum of a bachelor's degree, preferably in a finance-related major, such as accounting, statistics, or economics. Pursuing a master's degree in finance or a Master's of Business Administration (MBA). Advanced education makes these professionals more appealing to potential employers.

Experience

Many financial analysts find employment as soon as they graduate from an MBA or CFA program.. Ideally financial analysts working at higher levels have between six and 10 years of experience under their belts,

Skills

Financial modelling, Financial analysis, Data analysis, Marketing skills, Strategic thinking and Decision-making

Salary Expectations

financial analysts earn a median annual salary of $80,310. However, the average salary potential varies depending on the specific job a financial analyst holds. For instance, those in securities, commodities, and related pursuits enjoy median wages of $94,450, while the median yearly salary for analysts in insurance falls to around $74,500.