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Job designation: - Financial Analyst
As a Financial Analyst, you will be responsible for analyzing company's revenue and expenditures as well as making projections for the future. You will also be providing input to management regarding how they can increase profitability as well as reduce costs.
Duties and responsibilities of a Financial Analyst
Financial analysts use complex mathematical and statistical models to interpret the financial world and to predict future trends. They create financial models, research financial data, and analyze economic conditions.
Develops forecast models to project future performance of the company based on historical data and input from senior management
Develops financial models to assess future business performance in light of changes in economic conditions
Compares forecasted results to actual performance using variance analysis to identify potential risks that may require management intervention
Communicates forecast results to senior management, including presentation of key findings and recommendations for action
Evaluates potential acquisitions, divestitures, investments, or partnerships by conducting due diligence and assessing their impact on company strategy
Analyzes new product proposals by evaluating their potential for profitability
Evaluates the impacts of new accounting standards on the company's financial position
Provides support on quarterly earnings releases by preparing presentations for analysts
Places of employment for a Financial Analyst
Financial analysts are best employed in industries that are dependent on financial markets, such as banking, accounting, and insurance. Financial analysts are also employed by firms that provide investment advice or services to clients.
Work schedule of a Financial Analyst
Analysts need to put in extra hours during these times because their jobs usually consist of analyzing data or preparing reports to present to their managers. This is why Financial Analysts often need to put in more than 40 hours per week, at least until they finish what needs to be done.
Qualifications required to become a Financial Analyst
One of the most important qualifications is formal education in investment analysis. A Bachelor’s degree is often required for entry level positions with employers looking for analysts with a Master’s degree or MBA in finance or business administration.
Under-graduate courses to become a Financial Analyst
Bachelors in Commerce (Hons/General)
BBA in Finance
Eligibility to pursue the course: -
Entrance-exams to be taken to pursue the course
Merit-based admission
Entrance for certain institutes
Institutes which are offering these courses
Any college certified or recognised by the UGC, AICTE and NAAC
Post-graduate courses for a Financial Analyst
MBA in Finance
Eligibility to pursue the course: -
Must be a graduate over 50 to 60%
Relative work experience
Entrance-exams to be taken to pursue the course
CAT
MAT
XAT
Institutes which are offering these courses
IIM Ahmedabad
IIM Calcutta
FMS Delhi
IIFT Delhi
XLRI Jamshedpur,
Key/Technical skills
Knowledge of federal and state tax laws
Accounting principles and practices
Tax accounting rules and regulations
Salary expectations
Average salary: -Rs. 5.7 lakhs per annum
Entry level salary: - Rs. 4.6 lakhs per annum
Experienced-level salary: - Rs. 6.05 per annum
Process of getting the job of a Financial Analyst
Placement from colleges, universities and other recognised institutions
Job searching on linkedin or Indeed for Financial Analyst posts
Checking out any institution’s profile and requirements for a Financial Analyst Consultant
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