Are you looking to get out of TEFL and start an alternative career? You could do worse that get qualified to become an accountant.
Let’s start with a fairly straightforward definition: A financial analyst is generally someone who has a business degree and who analyzes the financial data of corporations, studies their trade activities, and offers a professional opinion regarding their investment potential. Financial analysts rate a company’s equity and, in relation to the task they perform for their respective organizations may also be known as a securities analyst, an equity analyst, a research analyst or even an investment analyst.
What college education is needed to become a Financial Analyst?
In the United States, the Chartered Financial Analyst qualification is a necessity. A master’s degree or a degree specifically in Chartered Accountancy are fairly standard requirements. Elsewhere in the world a financial analyst, which is the most common position in accounting careers, probably needs to have the CFA qualification, in addition to a nationally recognized qualification.
What kind of financial compensation and company positions can Financial Analysts expect to get?
A junior financial analyst can expect to earn a salary of anywhere between $20k and $50k depending on the location of your job. A three-year degree qualification would probably be adequate to get this entry level job.
A senior financial analyst typically earns anywhere between $40k and $80k, this again depends on where you work. You should be looking at having an MBA, while the CFA qualification further enhances opportunities.
Which skills are required to for a successful financial analyst career?
-Be an expert in math and statistics
-IT skills are essential in the making of a good financial analyst
-Have good analytical skills
-Be able to analyze with all factors in mind
-Have knowledge in the use of spreadsheets, presentations, accounting software, the internet, etc.
-Have good communication and people skills
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